Special Report on
Unfair preference by companies
Unfair preference by companies - Trends
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June 11 (Bloomberg) -- Treasury Secretary Timothy F. Geithner said China’s exchange-rate policy prevents a balanced global recovery and urged a stronger yuan to help contain inflation in the world’s third-largest economy. “The distortions caused by China’s exchange rate spread far beyond China’s borders and are an impediment to the global rebalancing we need,” Geithner said in testimony to the Senate Finance Committee. China’s commerce ministry said hours later that the yuan’s peg to the dollar remains unchanged and the country’s policy was made clear to the U.S. in talks ...
On Friday the Obama administration proposed new antitrust rules for meat companies that reflect willingness by the USDA to shift the balance of power between farmers and processors to regulate an industry long dominated by a handful of corporate giants. According to a national wire service, the rules would place the sharpest limits on meat companies since the Great Depression, drastically lowering the bar that farmers and ranchers must meet to sue companies whom they accuse of demanding unfairly low prices. The rules would dictate how meatpackers buy cattle on the open ... Read More
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