Yuan could be allowed to revalue

18/02/10 19:22 CET

economy

| |

Speculation is mounting that China could soon revalue its currency, the yuan.

That would please the United States which has said its value is artificially low, giving China an unfair trade advantage and boosting its exports.

Beijing is worries about inflation and the country’s economy overheating.

Several economists are predicting that a five percent appreciation in the yuan will be allowed in the next few weeks.

More about: China, Currency

| |

Haneke scoops Cannes Palme d'Or

Austrian director Michael Haneke has won the Cannes film festival’s top prize. He scooped the Palme d’Or for his film “Love” – the tale of an elderly couple facing the inescapable, yet…

Dossier : Cannes Film Festival 2012

Syrian government blames rebels for Houla massacre

International outrage is mounting over a massacre in Syria that has left more than 100 people…

International condemnation after Syria massacre

Mali: Rebel groups agree to creation of Islamic state

Two Rebel groups have agreed to merge and create an independent Islamic state in Northern…

Mali: renowned singers Amadou and Mariam on conflict and aid

Iran to build second nuclear plant

It has been revealed that Iran is set to begin construction of a second nuclear power station. According to the head of the country’s Atomic Energy Organisation, Fereydoun Abbassi…

Greek anger at Lagarde tax avoidance comments

Greeks have reacted angrily to comments made by Christine Lagarde in the Guardian Newspaper reprimanding them for tax avoidance. According to the British daily, when asked about the people of…