Yuan & Dollar

Yuan spot price per USD hits record high

BEIJING, Nov. 13 (Xinhua) -- The spot price of the yuan against the U.S. dollar rose to 6.2262 on Tuesday, marking a record high since China's foreign exchange reforms seven years ago. Tuesday was the second consecutive day that the spot price of the yuan against the U.S. dollar hit a record … Continue Reading


Beijing hints at bond attack on Japan

A senior advisor to the Chinese government has called for an attack on the Japanese bond market to precipitate a funding crisis and bring the country to its knees, unless Tokyo reverses its decision to nationalise the disputed Senkaku/Diaoyu islands in the East China Sea. Jin Baisong from … Continue Reading

Chase ATM

More Americans opting out of banking system

By Danielle Douglas, Published: September 12 In the aftermath of one of the worst recessions in history, more Americans have limited or no interaction with banks, instead relying on check cashers and payday lenders to manage their finances, according to a new federal report. Not only are … Continue Reading



Senator Harry Reid

Reid takes Social Security off the table

Senate Majority Leader Harry Reid said Wednesday that he will not allow changes in Social Security to be part of the negotiations to avoid a federal budget fiscal cliff, further narrowing the opportunities for savings that could be tapped to close the deficit. Republicans have insisted that … [ Continue Reading ]

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