HONG KONG — As China contends with an economic slowdown and a stock market slump, the authorities on Tuesday sharply devalued the country’s currency, the renminbi, a move that could raise geopolitical tensions and weigh on growth elsewhere. [Reposted from The New York Times | Neil Gough and Keith Bradsher | August 10, 2015] The…
Late Monday evening six US producers filed petitions for the imposition of antidumping and countervailing duties on hot-rolled coil imports from Australia, Brazil, Japan, The Republic of Korea, the Netherlands, Turkey and the UK. [by Michael Fitzgerald | August 11, 2015| Platts.com] According to a filing with the US Department of Commerce, the petitioners…
In this video, some members of the U.S. dairy industry talk about how the TPP will benefit U.S. Farmers. However, Joe Logan, President of the Ohio Farmers Union, is skeptical and begs to differ. Joe Logan is also the Co Chair of Agriculture on the Board of the Coalition for a Prosperous America.
China’s central bank has just devalued its currency. [Reposted from Business Insider | David Scutt | August 10, 2015] In a sign Beijing is anxious to make its exports more competitive as the nation’s economy slows, the People’s Bank of China set the yuan midpoint at 6.2298 against the US dollar, 1.85% weaker than Monday’s…
China devalued the yuan in a move that rippled through global markets, as policy makers stepped up efforts to support exporters and boost the role of market pricing in Asia’s largest economy. [Reposted from Bloomberg Business | August 11, 2015] The central bank cut its daily reference rate by 1.9 percent, triggering the yuan’s biggest…
