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WASHINGTON: The Federal Reserve's plan to buy more Treasury bonds has incited critics at home to complain of inevitable high inflation and financial turmoil.
SEOUL, South Korea: Leaders of the world's 20 biggest economies faced the urgent task at their summit Friday of resolving a U.S.-China currency dispute that has raised the specter of a global trade war.
SO, the United States has once again intensified its political pressure on China to hasten the appreciation of the latter's currency, the yuan, as a new legislation to allow tariffs to be imposed on imported goods from 'countries with undervalued currencies' was passed by the US House of Representatives over the week.
BEIJING: China yesterday hit back at a bill passed by the US House of Representatives aimed at pressuring Beijing to let its currency rise faster by branding it in violation of world trade rules.
JAKARTA: Mufardi Rusli's neighbors hunch over tables covered in brightly colored fabric, the whirring of their sewing machines echoing across his Jakarta neighborhood.