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The crude manipulation of exchange rates cannot prevent global recession.
Whether on the main platform, in the fringe meetings or in the bars, everyone was wringing their hands about too much public and private debt, too much underhand manipulation of exchange rates, whether bankers are right to insist it is back to business as usual and the astonishing rise in food and energy prices.
PPP acknowledges that currency exchange rates sometimes do not reflect the true value of wealth generation due to trade imbalances and/or active manipulation of exchange rates.
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Page A27 Business CHINA CURRENCY APPRECIATION SLOWS The pace of appreciation of the Chinese currency against the dollar has slowed in the last year, ensuring that China's manipulation of its exchange rate remains a central topic as Treasury Secretary Timothy F. Geithner arrives in Beijing for the annual dialogue between the two nations.
WASHINGTON — The pace of appreciation of the Chinese currency against the dollar has slowed in the last year, ensuring that China's manipulation of its exchange rate remains a central topic as Treasury Secretary Timothy F. Geithner arrives in Beijing for the annual dialogue between the nations.
Many think Congress should slap tariffs on Chinese imports to compensate for its manipulation of the exchange rate.
It recently added Tesco's £263m profit overstatement and the manipulation of foreign exchange markets to a caseload that includes investigations into Barclays, Rolls-Royce and Libor rigging.
A top London-based commercial lawyer has been appointed to lead the investigation into the role played by Bank of England officials in the possible manipulation of foreign exchange rates.
In November 2014, RBS was among six banks to be fined a total of £2.6bn after failing to stop market manipulation of foreign exchange.
The Bank of England has been dragged deep into the Forex row this month, amid speculation that its own officials had condoned the manipulation of foreign exchange prices.
"Finma is currently conducting investigations into several Swiss financial institutions in connection with possible manipulation of foreign exchange markets," the regulator said in a statement.
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