The second session of the Economic and Financial Committee was hard at work and has already formed many blocs for drafting working papers. This committee has focused primarily on trade and currency manipulation (Topic A). 132 more words
Tags » Currency Manipulation
South Africa’s increasingly weak currency is again in the spotlight as the Competition Commission starts a probe into alleged currency manipulation.
Now the commission is looking into whether JPMorgan Chase, Barclays Bank, Royal Bank of Scotland, Citigroup, Swiss-based UBS and Bank of America manipulated the rand and caused it to plummet. 144 more words
For the second day in one week, China’s regulators shut down trading on its stock markets after sharp declines triggered automatic “circuit breakers” aimed at promoting financial stability in the country. 763 more words
What will happen if the whole world is going to use the same currency? Imagine if the whole world only has one currency, the economy would behave rather differently than how it is now. 739 more words
Donald Trump and the technocrats at the International Monetary Fund don’t agree on much, and you can bet your last yuan that the Republican presidential nominee will not favor the IMF’s most recent decision. 970 more words