China denies report it could halt US bond purchases

China denied on Thursday a report that it may slow or cease its purchases of US Treasury bonds, calling it a possible case of “fake news” after the dollar tumbled following the story. Bloomberg News reported Wednesday that officials reviewing China’s foreign-exchange holdings had recommended slowing or halting purchases of US Treasuries, citing people familiar with… Please follow and like us:

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Republican Lawmakers Finalize US Tax Reform Bill

U.S. Republican Senate and House negotiators finalized a final version Friday of their compromise $1.5 trillion tax bill, after trying to appease recalcitrant Republican Senator Marco Rubio, who demanded an expansion of the child tax credit that provides benefits for low-income families. Republican sources said the measure should be released later Friday. Republican lawmakers hammered out… Please follow and like us:

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Who should lead the world when the world is at stake?

WORK IN PROGRESS. JWP WASHINGTON, April 14, 2017 – The vision of the West as the center of the world is collapsing. It was created by the Western elite to serve their interests and their bottom line. It was a rigid vision and could not be sustained. Had this vision included all other nationalities as partners,… Please follow and like us:

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Dollar and Chinese currency: Mysteries revealed

The Trump administration’s exchange-rate hawks contend that the US should designate China as a “currency manipulator.” In reality, the problem is the strengthening dollar, despite massive debt US owes to foreign countries. For years, China pegged its currency to the US dollar. Due in part to pressure from its trading partners, Beijing in 2005 appreciated the… Please follow and like us:

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