The euro and European markets sank Wednesday on concerns about the lack of policy movement at the US Federal Reserve and Italy’s high borrowing costs. The euro sank to below $1.30, its lowest level in almost a year.
Money dominates - from the lavish lifestyle of Muammar Gaddafi's fourth son, Hannibal, to a new rogue trader scandal and the financial woes of beautiful young things on the New York catwalk. That's the focus of this world press review, Friday 16th September 2011.
Laura Baines and her panel of journalists discuss the top international news stories of the past seven days. For this edition, Baines asks if the latest international moves against Syrian President Bashar al-Assad will stop the bloodshed; and if Egypt has lost control of the Sinai peninsula.
Laura Baines and her panel of journalists discuss the top international news stories of the past seven days.
For this edition, Baines asks if the latest international moves against Syrian President Bashar al-Assad will stop the bloodshed; and if Egypt has lost control of the Sinai peninsula.
The ability of the US to tackle its massive deficit has been given a strong vote of no confidence, after leading ratings agency Standard & Poor's said the chances are increasing that the country will lose its prized AAA status.
As Chinese leader Hu Jintao leaves the United States after a four-day state visit, Business Editor Stephane Marchand analyses the complex relationship between the two giants.
Currency wars took central stage at the start of the G20 summit. The problem is that some countries are trying to gain a competitive edge by devaluing their own currencies to make exports more attractive. China and the United States are the primary practitioners of this tactic. Philippe Leroy, CEO of Detroyat Associés helps us understand why tensions are mounting over exchange rates, and what impact they have on the global economy.
The IMF said Thursday that the dollar was overvalued on currency markets and reiterated its view that China’s yuan remains "substantially overvalued". The issue of imbalances has sparked fears globally of currency wars.
In Brussels, EU leaders are piling on the pressure after Washington urges China's Premier to increase the value of the yuan, as the chair of the Eurozone labels Beijing's currency as "broadly undervalued." At the same time, the US dollar hits an 8 year low against a basket of currencies. So is it a currency war?
In Brussels, EU leaders are piling on the pressure after Washington urges China's Premier to increase the value of the yuan, as the chair of the Eurozone labels Beijing's currency as "broadly undervalued." At the same time, the US dollar hits an 8 year low against a basket of currencies. So is it a currency war?
