Yuan rise to spur domestic China growth: U.S. Treasury
BEIJING/WASHINGTON (Reuters) – A more flexible yuan would not hold back China’s growth or cause deflation but would help Beijing rebalance its economy towards domestic consumption, a top U.S. Treasury official said on Thursday.
DETROIT (Reuters) – Negotiations between General Motors Corp and its major union ran through a fifth day of overtime on Wednesday, with the automaker suggesting a trust fund that would take over nearly $5 billion in annual health-care costs, according to a person familiar with the proposal.
About Pete Southern
Pete Southern is an active trader, chartist and writer for market blogs. He is currently technical analysis contributor and admin at this here blog.
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