foreign trade

Obama's Agenda in Asia: Create More Jobs at Home

Traveling with an entourage of 200 American business executives, President Obama's trip to Asia has, to a large extent, become an effort to create jobs in the U.S. But reaching new agreements won't be easy -- at home or abroad.

China Won't Let Yuan Float So Freely After All

Last month, China said it would loosen the tight link between its currency, the yuan, and the U.S. dollar. It was a move welcomed by economists and world leaders who felt China was engaging in unfair currency manipulation. But on Wednesday, the government in Beijing backpedaled a bit.

Be glad you aren't Chinese