The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country, the head of the IMF said on Tuesday.
U.S. President Barack Obama on Tuesday nudged Chinese President Hu Jintao to allow the yuan currency to appreciate at a landmark summit in Beijing.
The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country, the head of the IMF said on Tuesday.
Asian shares, gold and oil eased on Tuesday as investors locked in recent gains while keeping an eye on the ailing dollar, which was pinned near 15-month lows on expectations that U.S. interest rates will stay extremely low for some time.
Asian stocks surrendered early gains on Tuesday as investors took profits from recent gains, while the dollar was pinned near 15-month lows after Federal Reserve Chairman Ben Bernanke repeated the central bank was likely to keep interest rates at very low levels for some time.
Chinese President Hu Jintao said on Tuesday that he had agreed with U.S. President Barack Obama to increase international cooperation, after frank, constructive and fruitful talks in Beijing.
Asian stocks surrendered early gains on Tuesday as investors took profits from recent gains, while the dollar was pinned near 15-month lows after Federal Reserve Chairman Ben Bernanke repeated the central bank was likely to keep interest rates at very low levels for some time.
Asian stocks rose to more than 15-month highs on Tuesday after Federal Reserve Chairman Ben Bernanke repeated the central bank was likely to keep interest rates at very low levels for some time, keeping the dollar pinned near 15-month lows and gold close to record highs.
Federal Reserve Chairman Ben Bernanke, in a rare comment on the U.S. dollar's value, on Monday acknowledged the currency's slump was causing some prices to rise, but said other factors restraining inflation were winning the day.
Sarah Palin said a run for the White House in 2012 is not on my radar screen right now as the Republican carefully did not close the door to a possible candidacy in an interview that launched her big book tour.
European carbon emissions futures rose slightly on Monday, unaffected by confirmation from world leaders that a legally binding climate pact will be delayed until 2010 or later.
A stronger yuan is part of the policy mix that Beijing needs to increase domestic consumption and help ease global imbalances, the head of the International Monetary Fund said on Monday.
Afghanistan will form a new anti-corruption unit to investigate high-level graft after widespread criticism and demands from Washington for it to do more amid a wider regional strategy review.
President Barack Obama has promised to raise the issue of the yuan's exchange rate during his visit this week to Beijing, putting the spotlight on a major bone of contention which has the potential to shake currency markets and diplomatic ties alike.
The Russian and U.S. presidents said on Sunday they hoped to strike a new deal for arms cuts by the end of the year.
The United States has stepped up pressure on Pakistan to expand its fight against Taliban and al Qaeda militants, the New York Times reported on Monday, as a suicide bomber killed four people in the latest militant attack.
U.S. President Barack Obama said on Monday he hoped for improved China-Taiwan ties and said economic links had helped lower tensions over Taiwan.
President Barack Obama said on Monday that al Qaeda remained the biggest threat to U.S. security, as his aides stepped up pressure on Afghanistan and Pakistan to cooperate with Washington's strategy in the troubled region.
Secretary of State Hillary Clinton on Sunday urged Afghan President Hamid Karzai to do better if he wanted U.S. support, and that included creating a major crimes tribunal and anti-corruption commission.
U.S. President Barack Obama told Chinese students on Monday he did not fear their nation's rise, ahead of talks on trade imbalances and currency strains that underline the sometimes tense embrace between the two giants.
Sarah Palin is stirring controversy with her new book even before it is on shelves, complaining she was all bottled up by advisers to Republican presidential candidate John McCain last year.
American squeamishness about talking about sex has helped keep common sexually transmitted infections far too common, especially among vulnerable teens, U.S. researchers reported Monday.