Porter will adjust his exchange rate
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Look for the exhibition-season substitution habits of Milwaukee Bucks coach Terry Porter to change soon. Coach Terry Porter says he will start to change his substitution pattern.
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China has lost faith in the stability of the U.S. dollar and its first priority is to broaden the exchange rate for its currency from the dollar to a more flexible basket of currencies, a top Chinese economist said Wednesday at the World Economic Forum.
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Changing currencies is Poland's next huge task, but officials say embracing the euro will offer the country an opportunity to knock economic policies into shape.
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Cuba will open a currency exchange window to trade Japanese yen, Canadian, European and Latin American currencies for the convertible peso, the local currency the government is using to replace the US dollar, the communist party daily Granma announced Tuesday.
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Short-term interest-rate futures contracts traded at the Chicago Board of Trade now reflect increased odds the central bank will raise US interest rates at each of its next few meetings, including on Nov. 10 and at the final meeting of the year on Dec.
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A retaliatory 10% tax on exchange operations involving US dollars comes into force in Cuba on Monday.
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A pick-up in prices will complicate efforts by the Central Bank as it tries to stave off a slowdown in economic growth.
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Hopes for more tax relief, looser regulations, and an increase in trade.
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&quot;It&#39;s surprising that the bank still expects to have to raise rates, given the significant rise in the Australian dollar since August.
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This is going to be the year the world learns to live with a cheaper dollar. How well it does that may have a profound effect on prospects for continued world growth.
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The weak dollar is not solving the problem with the trade deficit, only reduced consumption of imports can and it doesn&#39;t help that the per unit cost keeps rising.
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The former head of Germany's central bank will likely have his pension raised by just two percent instead of a hefty increase he was expecting after a court made a mathematical error calculating what he should get.
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The lender said it would offer refinancing or modifications on loans whose interest rate is set to adjust by the end of 2008.
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The dollar rose against the yen and the euro in London on expectations the Federal Reserve will lift interest rates tomorrow and signal it plans further increases.
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China says it will move toward a flexible exchange rate for its currency, but there is no word on how long such a transition will take.
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The Bush administration, facing huge and politically sensitive trade deficits, secured China&#39;s pledge Friday to work harder to move its currency toward a flexible exchange rate, which would make US goods more competitive abroad.
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The ECB is likely to raise interest rates in a regular monthly policy meeting scheduled on Thursday. The key rate that is now at a historic low of 2% will probably be raised to combat inflationary pressures.