12772
Currency Squabbles
World Economy

Currency Squabbles

The Obama administration is working hard to make new trade deals, such as the Trans-Pacific Partnership with 11 Pacific nations. But getting those deals signed by trading partners and approved in Congress will mean resolving many differences, including one over how nations manage their currencies, VoA reported. Protesters from US trade unions and other free-trade skeptics say some nations manipulate the value of their currencies to give their exports an unfair price advantage on world markets, hurting American workers. Senator Chuck Schumer, a New York Democrat, said Washington must do more to protect American workers.”It’s estimated that millions of jobs have gone away” because of trade issues, he said.

Short URL : http://goo.gl/BvtNIY

You can also read ...

Cyber threats are ever-evolving.
The White House released a report that found that the economic...
Global Investors Target Zimbabwe Energy Sector
Zimbabwe has become a magnet for billionaire global firms such...
BSP said the planned RRR cuts are part of the bank’s financial market reforms.
The Bangko Sentral ng Pilipinas said it was reducing banks’...
FAO regional representative Julio Berdegue (R), and the deputy regional representative Eve Crowley.
Identifying territories where rural poverty is most entrenched...
Asean Labor Flows Hit a Wall
Tighter restrictions on foreign labor in Malaysia and Thailand...
Lagarde Backs Creation of European Monetary Fund
International Monetary Fund chief Christine Lagarde has no...
The country’s GDP grew by 3.2% in 2017 but will  edge down in the coming years.
A report by the International Monetary Fund showed Sunday that...
Baby-boomers will start turning 75 or older in 2022, which is expected to trigger a surge in health care and nursing care costs.
Amid stalling inflation and ballooning government spending,...

Trending

Googleplus