US Warns China on Weakening Currency as Trade Relations Worsen

U.S. Warns China on Weakening Currency as Trade Relations Worsen ImageThe renminbi has fallen 6 percent against the dollar this year, raising concerns that Beijing is intervening to help make its exports cheaper in the face of President Trump’s tariffs…

Protests over Yemen's weakening currency paralyze Aden

ADEN (Reuters) – Scores of demonstrators protesting against Yemen’s deteriorating economic situation and weakening currency blocked major roads and burned tires in the southern city of Aden on Sunday, with shops and government offices closing. Protesters block a street with…

Venezuela is swept by economic chaos as new currency plan takes effect

CARACAS, Venezuela — Many Venezuelans rejected an opposition call for a national strike on Tuesday, warily going to work even as sweeping government measures aimed at curbing ­hyperinflation caused mounting confusion.  With inflation hurtling toward 1 million percent and hunger spreading nationwide,…

Venezuelan streets quiet after currency devaluation

CARACAS/VALENCIA, Venezuela (Reuters) – Venezuela’s streets were quieter than normal on Tuesday, as a currency devaluation and package of economic measures by socialist President Nicolas Maduro went into effect, and the opposition asked storekeepers to shut up shop in protest….

Venezuela devalues currency and raises minimum wage by 3000%

[unable to retrieve full-text content] Venezuela devalues currency and raises minimum wage by 3000%  The Guardian Monetary Chaos in Caracas  Wall Street Journal Full coverage Source link

Frustration Rules as Venezuela Unveils New Currency

[unable to retrieve full-text content] Frustration Rules as Venezuela Unveils New Currency  U.S. News & World Report Venezuela ties its currency to a state-run cryptocoin  TechCrunch Maduro orders 96 percent devaluation in hyperinflation-stricken Venezuela  Reuters Monetary Chaos in Caracas  Wall Street Journal Venezuela devalues…

Venezuela Devalues Currency and Hikes Wages, Stoking Fears About Instability

Venezuelans are bracing for a currency reform set to take effect Monday, in which five zeros will be removed from the currency to create the so-called sovereign bolivar. Photo: Miguel Gutierrez/Zuma Press 361 Comments By Kejal Vyas and Maolis Castro…

Turkey Was Ripe for a Currency Crisis. Will It Spread?

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Turkey braces for hard times amid currency crisis, US spat

ISTANBUL –  Some Turks are reacting with defiance to their plunging currency and an escalating trade and political dispute with the United States — an indication that they are ready to endure economic pain and risk further deterioration in a…

Turkey braces for hard times amid currency crisis, US spat

Some Turks are reacting with defiance to their plunging currency and an escalating trade and political dispute with the United States — an indication that they are ready to endure economic pain and risk further deterioration in a key, yet…