Asia stock markets slump and oil rises on fears Iran war may drag on
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The conflict in the Middle East has rattled financial markets and global
energy prices have soared.
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FAIR EXCHANGE ...US Secretary of State Hillary Clinton said Friday it was time to stand up to China as she suggested an international coalition could form to force Beijing to raise the value of its currency.
ReplyDeleteClinton said after a speech in New York that the Chinese "continue to try to game the system to their advantage and our disadvantage".
Despite the reluctance of the White House, the US Senate Tuesday approved a bill to impose punitive taxes on Chinese imports if the yuan is not revalued.