The Obama administration on Tuesday lifted the six-month moratorium on deep water oil drilling in the Gulf of Mexico that was imposed after the BP oil spill. (Oct. 12)
Tuesday, October 12, 2010
The Yuan Debate
Labeling China as a currency manipulator is unproductive, says guest host, Kirby Daley of Newedge Group. He highlights the economic implications of a stronger yuan and tells CNBC’s Karen Tso and Sri Jegarajah, that it will also raise the sensitive issue of China expanding its global reach with asset purchases.
Currency Tensions Will Get Worse
Oct. 12 2010 | Robert Prior-Wandesforde, Director non-Japan Asia economics at Credit Suisse said he can’t see China accelerating the pace of appreciation against the US dollar significantly. “If anything, these tensions are going to get worse.” China won’t want to give the impression it is bowing to international pressure, he said.
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