Article: US Treasury says no major trading partner manipulates currency

Article - Media, Publications

US Treasury says no major trading partner manipulates currency

Xinhua, 17 April 2021

WASHINGTON — The US Treasury Department on Friday said that no major trading partner of the United States meets the criteria as a currency manipulator, but Vietnam, Switzerland and China’s Taiwan will be under enhanced monitoring for their currency practices.

In its semiannual Report on Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States, the Treasury Department concluded that Vietnam, Switzerland and Taiwan met all three criteria for enhanced currency analysis under the Trade Facilitation and Trade Enforcement Act of 2015 during the four quarters through December 2020. Continue reading “Article: US Treasury says no major trading partner manipulates currency”

Article: China Hits Alibaba With Huge $2.78 Billion Fine For Market Abuse: Report

Article - Media, Publications

China Hits Alibaba With Huge $2.78 Billion Fine For Market Abuse: Report

Agence France-Presse, 10 April 2021

Shanghai, China: Chinese regulators have hit e-commerce giant Alibaba with a massive 18.2 billion yuan ($2.78 billion) fine over practices deemed to be an abuse of the company’s dominant market position, state-run media reported on Saturday.

Xinhua news agency said the State Administration for Market Regulation had assessed the fine after concluding an investigation into Alibaba that began in December. Continue reading “Article: China Hits Alibaba With Huge $2.78 Billion Fine For Market Abuse: Report”