Economy Jan 13

U.S. drops designation of China as currency manipulator

Treasury Secretary Steven Mnuchin said the administration had dropped China’s designation as a currency manipulator because of commitments in the Phase 1 trade agreement that President Donald Trump is to sign with China on Wednesday at the White House.

World Aug 21

A salesman counts money in Tajrish Bazaar, Tehran, Iran August 1, 2019. Photo by Nazanin Tabatabaee/West Asia News Agency via REuters
Iran proposes striking 4 zeros from its currency

Iran's rial has been battered by escalating U.S. sanctions on the country since President Donald Trump's decision to pull out of Tehran's nuclear deal with world powers over a year ago.

World Aug 06

Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, August 6, 2019. Photo by REUTERS/Issei Kato
Global stocks rebound as China eases up on currency

The more buoyant tone follows a big sell-off Monday, when stocks were hammered after the Chinese government allowed its currency to depreciate against the dollar and was accused by the U.S. Treasury Department of being a currency manipulator.

Jun 18

Facebook plans to create its own currency for users

The social network unveiled an ambitious plan Tuesday to create a new digital currency similar to Bitcoin for global use, one that could drive more e-commerce on its services and boost ads on its platforms. But that move isn't likely…