By Esther Htusan Associated Press Htin Kyaw, a trusted friend of Nobel laureate Aung San Suu Kyi, took over as Myanmar’s president on March 30, taking a momentous step in the country’s long-drawn transition toward democracy after more than a half-century of direct and indirect military rule. But democracy in this impoverished Southeast Asian nation […]
U.S. nominee for World Bank job to visit seven countries
By Martin Crutsinger The Associated Press WASHINGTON (AP) — Jim Yong Kim, the Obama administration’s nominee to head the World Bank, is starting a global tour to promote his candidacy with stops in Africa, Asia, and Latin America, the Treasury Department announced on March 26. Treasury officials said that Kim, the president of Dartmouth College, began his […]
Congress addresses Chinese currency manipulation
By Jim Abrams The Associated Press WASHINGTON (AP) — It’s a political given that China’s economic assault has damaged American manufacturers and taken away American jobs. After years of trying, Congress is taking another stab at retaliating against what many see as Chinese manipulation of its currency to make its exports to the United States […]
China warns U.S. against sanctions over currency
China’s commerce minister warned the United States on Sunday against imposing trade sanctions over Beijing’s currency controls, and said his country was likely to report a trade deficit in March.