China will let yuan weaken further as dollar rises, analysts say

by Harvard Zhang | Aug 11, 2016 | Business & Tech

WASHINGTON — A stronger U.S. dollar will likely lead to a gradual depreciation in the yuan over the next 12 months as China strives to limit economic volatility. That’s the view of some economists and foreign-exchange strategists. They say the dollar will strengthen...

Obama adviser says cyberthreat response rests on private sector cooperation

by Harvard Zhang | Aug 8, 2016 | Business & Tech, Science + Technology

President Barack Obama’s top cybersecurity adviser said the next president should keep focusing on cybersecurity concerns by forming strong partnerships between government and the private sector. Michael Daniel, cybersecurity coordinator for the Obama administration,...

Low interest rates a growing threat to Social Security

by Harvard Zhang | Jul 28, 2016 | Business & Tech

WASHINGTON — Record-low yields on U.S. Treasurys endanger the long-run solvency of Social Security and the future retirement benefits for younger generations of Americans, economists say. Newer Treasury bonds held by the trust fund have been earning less for years,...

Obama to address tax evasion, money laundering at G-20, aide says

by Harvard Zhang | Jul 20, 2016 | Business & Tech

WASHINGTON — President Barack Obama is expected to address a growing sense of protectionism in world markets by promoting stronger measures to deal with global tax evasion and money laundering at a meeting of world leaders, a White House aide said Wednesday. Those...

EU unlikely to move soon to strip London of clearinghouse business, finance chief says

by Harvard Zhang | Jul 20, 2016 | Business & Tech

WASHINGTON — The European Union probably won’t try to wrest a lucrative financial clearinghouse away from London anytime soon, but the euro-denominated business could eventually be moved to the continent, a top EU official says. Valdis Dombrovskis, the new financial...