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China manipulating its currency unfairly: US Treasury cautions

October 16, 2009 - 9:31am | Analytics | News
China manipulating its currency unfairly: US Treasury cautions

China's foreign-exchange policy risks "unwinding" some of the progress made in reducing global trade imbalances during the financial crisis, the U.S. Treasury said Thursday in its latest report on foreign-exchange trading. 

 But the department repeated its previous finding that China was not formally manipulating its currency. 
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China | currency | foreign-exchange policy | G-20 Summit | global trade | US Treasury
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"The crisis will happen again but it will be different," says Greenspan

September 9, 2009 - 7:30am | Analytics | News
"The crisis will happen again but it will be different," says Greenspan

Another global financial crisis is inevitable because human nature always reverts to "speculative excesses" during a period of sustained prosperity, former U.S. Federal Reserve Chairman Alan Greenspan said.

"The crisis will happen again but it will be different," he told BBC Two's "The Love of Money" television series. "That is the unquenchable capability of human beings when confronted with long periods of prosperity to presume that that will continue," he said.
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banking system | financial crisis | global trade | Greenspan | Lehman Brothers | speculative excesses
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