FOREXLEARNING

Papandreou says to save Greece, stay in euro »

By Harry Papachristou
THESSALONIKI, Greece | Sun Sep 11, 2011 1:07am EDT

THESSALONIKI, Greece (Reuters) – Greek Prime Minister George Papandreou said on Saturday he would do whatever it takes to rescue his country from bankruptcy and stay in the euro zone, as doubts in Europe grew over [...]

Analysis: Stark ECB exit hits shaky euro zone at worst time »

By Paul Taylor
PARIS | Sun Sep 11, 2011 6:39am EDT

PARIS (Reuters) – The resignation of the top German official at the European Central Bank could hardly have come at a worse time for euro zone policymakers as they grope for a way out of the deepest [...]

Euro seen under pressure on lack of G7 support »

By Anirban Nag
LONDON | Sun Sep 11, 2011 10:13am EDT

LONDON (Reuters) – The euro and growth-linked currencies may fall on Monday, hit by a lack of concrete measures from Group of Seven finance chiefs to address either faltering growth, the escalating euro zone debt crisis, or [...]

France says believes the yuan is undervalued »

CANBERRA | Sat Sep 10, 2011 10:31pm EDT

CANBERRA (Reuters) – French Foreign Minister Alain Juppe said on Sunday he believed the Chinese currency was undervalued and would raise the issue when he visits Beijing shortly.

“We believe that the yuan is undervalued at present. We will certainly [...]

Greece says will stay the course, despite GDP slump »

By Harry Papachristou
THESSALONIKI, Greece | Sat Sep 10, 2011 10:28am EDT

THESSALONIKI, Greece (Reuters) – Debt-laden Greece’s government vowed on Saturday to stay the course of austerity, sending a message to its increasingly frustrated lenders it will do everything it takes to avoid a bankruptcy that would [...]

Japan sees G7 “understanding” on forex action »

By Tetsushi Kajimoto
MARSEILLE, France | Sat Sep 10, 2011 3:51am EDT

MARSEILLE, France (Reuters) – The yen took a back seat at the Group of Seven finance ministers’ meeting, which grappled with Europe’s debt crisis and global economic slowdown, but Japan said it met little resistance to [...]

Fitch warns of downgrades for China, Japan »

By Jonathan Standing
TAIPEI | Thu Sep 8, 2011 6:05am EDT

TAIPEI (Reuters) – Fitch Ratings warned on Thursday that it might downgrade China’s credit rating within two years as the country’s banks struggle with debt loads following a lending surge to help lift the economy during the [...]

China central bank: No timetable for full yuan convertibility »

LONDON | Thu Sep 8, 2011 7:21am EDT

LONDON (Reuters) – China has no timetable for the full convertibility of its currency though it plans to make the yuan convertible on the capital account eventually, the country’s central bank chief said on Thursday.

“China has published a plan [...]

Greek backsliding sparks euro exit talk »

By Madeline Chambers and Noah Barkin
BERLIN | Thu Sep 8, 2011 7:09am EDT

BERLIN (Reuters) – Anger at Greece’s failure to meet fiscal targets that are a condition for its international bailout is nearing breaking point in Berlin and other European capitals, with senior politicians now talking [...]

Analysis: Behind Brazil’s surprise rate cut: “ugly” numbers »

By Isabel Versiani and Brian Winter
BRASILIA/SAO PAULO | Wed Sep 7, 2011 9:38am EDT

BRASILIA/SAO PAULO (Reuters) – Among the legions of Brazil-watchers who were caught off guard by last week’s 50 basis point interest rate cut, count President Dilma Rousseff.

“This was a surprise for us, too,” [...]