Day: May 19, 2009

Economics

China and Brazil Plan to Dump Dollar (FT)

This news will have significant repercussions for the United States economy.  Editor Brazil and China will work towards using their own currencies in trade transactions rather than the US dollar, according to Brazil’s central bank and aides to Luiz Inácio Lula da Silva, Brazil’s president. The move follows recent Chinese challenges to the status of the […]

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