Tag Archive | "Welcome News"

China Signals Increased Currency Flexibility

Friday, September 17, 2010

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China Signals Increased Currency Flexibility

Since 2008, China has pegged its currency exchange rate to be fixed to the US Dollar, but those days appear to be over for now. In news that got the attention of forex traders everywhere, the Chinese central bank announced the peg would end but also warned that that a sudden appreciation or revaluation would […]

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New Rules Change Credit Card Fees

Tuesday, September 14, 2010

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More news about credit card changes in the U.S. The Federal Reserve set regulations for credit card issuers which limit penalty fees to $25. The average of existing penalties is $39, so this is welcome news for many card holders having trouble with payments. The rules do state, however, that there can be an exception […]

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