08 Jul '11, 6am

Brazil accuses China, US over currency policy

Brazil accuses China, US over currency policy

PARIS : Brazilian Finance Minister Guido Mantega accused both China and the United States for manipulating their currencies, at the expense of trading partners. "Of course, China manipulates its currency and it (would be) better that the currency could fluctuate," Mantega told reporters on Thursday, after a meeting in Paris, picking up on a charge made by many of Beijing's trade partners. At the same time, the minister criticised Washington, accusing it of adopting policies which led to a cheap dollar, crimping exports to the US market. China and the United States are crucial markets for Brazil, especially of its agricultural products, but it has been increasingly unhappy that its own currency, the real, has soared in value while the yuan and dollar have weakened to its disadvantage. "I'm criticising all the manipulation of currencies, not only the United States," Mantega ...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

Tweets

Mullen heads to China amid plans for US naval d...

sg.news.yahoo.com 08 Jul '11, 6pm

The top US military officer left for China in a trip designed to bolster a fledgling security dialogue with Beijing, even ...

True sustainability – taking us further down the track

True sustainability – taking us further down th...

theonlinecitizen.com 09 Jul '11, 12am

Much has been said recently about Singapore’s position towards sustainable development. “Sustainability” has become the ne...

China Digest – 8 Jul

sgentrepreneurs.com 08 Jul '11, 2am

Here you can find some interesting startup news from China, not only in its capital, Beijing, but also other startup hubs ...

Report: Sugar cane shortage may force Brazil to cut ethanol mix from E25 to E18

Report: Sugar cane shortage may force Brazil to...

green.autoblog.com 09 Jul '11, 3pm

A sugar cane shortage in April caused Brazil's ethanol prices to soar, rising 65 percent to $6.31 a gallon or more than do...

China's inflation jumps to three-year high

straitstimes.com 09 Jul '11, 3am

BEIJING - CHINA'S stubbornly high inflation accelerated to a three-year high in June even as the overheated economy began ...

Jetstar expands into China

Jetstar expands into China

channelnewsasia.com 07 Jul '11, 5pm

SHANGHAI: Ningbo is the second busiest seaport in China and a much sought after destination by holiday-makers and business...

Shanghai fast becoming China's financial hub

channelnewsasia.com 08 Jul '11, 12pm

SHANGHAI: As Asian financial centres are among the most competitive internationally to outpace their global counterparts, ...

Is the U.S. Offshore Wind Industry About To Boom?: Because offshore wind remains a priority for the federal...

Is the U.S. Offshore Wind Industry About To Boo...

greentechmedia.com 08 Jul '11, 12pm

Because offshore wind remains a priority for the federal government, Jim Lanard, President of the Offshore Wind Developmen...

Emissions policy stimulus for renewable energy ...

eco-business.com 11 Jul '11, 2am

Wind farm developers have welcomed the carbon tax package as a stimulus for renewed investment across the energy industry....