G20 steps back from currency brink

2013-02-17 14:58

The Group of 20 nations has declared there will be no currency war and deferred plans to set new debt-cutting targets.

Brics move to unseat dollar as trade currency

2012-03-25 15:00

South Africa will this week take initial steps to unseat the US dollar as the preferred worldwide currency for trade and investment in emerging economies.

China: Big yuan rise won't help US

2011-11-13 16:10

President Hu Jintao says a big rise in China's exchange rate will not benefit the US, in response to a US warning over the level of the yuan.

G20 to debate dollar's reserve status

2011-10-14 09:30

Finance ministers and central bankers from the G20 will debate the status of the dollar in the global financial system, according to a report.

Brazil strikes back in currency war

2010-12-30 22:00

Brazil's new president is planning aggressive measures to counter the rally in the country's currency.

Japan sounds alarm on soaring yen

2010-12-28 09:47

Japan's Finance Minister Yoshihiko Noda has warned against a resurgence of the yen, saying the government is ready to again step into forex markets.

SA cautious on rand moves

2010-11-26 12:08

Finance Minister Pravin Gordhan says SA will monitor existing measures before taking further steps against capital inflows.

Gordhan concerned by capital inflows

2010-11-09 10:41

Finance Minister Pravin Gordhan says he is worried about capital inflows to emerging markets, including SA, which has helped strengthen the rand.

No plans to weaken rand

2010-10-27 14:23

SA will not make "inappropriate short-term" responses to weaken the rand as this will hamper longer-term economic growth, says Finance Minister Pravin Gordhan.

Oil rises on freefalling dollar

2010-10-25 10:15

Oil prices have surged as the dollar hit fresh 15-year lows after G20 economies agreed to avoid potentially destabilising competitive currency devaluations.

Geithner: China engaged on forex

2010-10-24 12:40

U.S. Treasury Secretary Timothy Geithner says China will continue to move toward exchange rate flexibility and is now actively engaged on global foreign exchange issues.

Perils of protectionism

2010-10-19 21:38

It's up to the G20 nations to navigate an escape route from what has become a very dangerous global currency game, says Greta Steyn.

Gordhan warns of 'trade war'

2010-10-19 09:57

Finance Minister Pravin Gordhan has warned that left unchecked, the so-called currency wars could lead to what he referred to as "trade wars".

SA buckling under currency heft

2010-10-17 08:58

The continued strength in the rand is hitting local manufacturers hard, particularly in the automotive and textile sectors.

Gordhan warns of 'currency war'

2010-10-14 11:11

Finance Minister Pravin Gordhan has cautioned that the world is heading towards a "currency war" unless rich nations make concessions at Group of 20 talks.

Beggar thy neighbour

2010-10-05 22:02

There's talk of a global currency war and manipulation is the name of the game, says Greta Steyn.


Yen weakens on 'currency war' rhetoric

2013-01-28 07:47

The yen weakened further as criticism of the currency's slide heats up, with some warning that Tokyo's foreign-exchange policy could spark a global currency war.

China not a currency manipulator - US

2011-12-28 08:01

The US Treasury has again shied away from labelling China a currency manipulator, but it rapped the country for not moving quickly enough on exchange rate reforms.

China vows to keep yuan stable

2011-10-19 08:35

China says it will maintain a stable exchange rate and warned that foreign trade faced a "severe situation" in the coming months due to the West's economic woes.

Chinese paper slams US currency bill

2011-10-05 09:59

China's top newspaper has accused the US of passing the buck over its own economic woes with a bill to punish Beijing for alleged currency manipulation.

Global fissures exposed in currency wars

2010-12-28 10:50

The widening gap between developed economies and emerging markets have been laid bare in sharp disagreements over exchange rates and uncertainty over the euro’s future.

Currency row spoils global meeting

2010-11-10 20:46

The leaders of the world's biggest economies are meeting in South Korea, but tensions over currencies are intensifying.

'China yuan policy hurting neighbours'

2010-11-03 11:15

China's undervalued yuan is hurting Asia as much as the US, and neighbours should help convince Beijing to let its currency rise, financial experts say.

Damp squib on exchange controls

2010-10-27 14:01

Reforms to exchange control rules were not as sweeping as anticipated.

'SA could be bruised in currency war'

2010-10-22 12:20

A Moody's economist warns SA has few options to curb rand strength unilaterally and should be part of multilateral efforts to stem currency volatility.

'State must intervene to weaken rand'

2010-10-19 16:56

The United Nations Conference for Trade and Development says rand strength is hindering SA's recovery from the recession and its ability to tackle unemployment.

Goldman Sachs: Strong rand a boon

2010-10-17 15:25

The rand should reach R6.20/$ in the next year, and SA should start focusing on its benefits, says the US investment bank Goldman Sachs.

Kganyago: Rand rise poses risks

2010-10-15 10:36

The sharp appreciation of the rand poses a risk to the country's competitiveness, says National Treasury director general Lesetja Kganyago.

No risk of currency war: Geithner

2010-10-13 10:59

There is "no risk" of a global currency war erupting, despite recent currency interventions by various nations, US Treasury Secretary Timothy Geithner says.

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