May 1st, 2007:Till now most of supplies in global trade being sourced from South East Asia (read China, Thailand, and other neighboring countries) or some from West Asia as India and Pakistan. China had been successively gaining edge in most trades such as Furniture, garments, shoes, ipods, gaming, electrical devices etc because of the state owned currency rate, which so ...

Before start of this topic, a question that why would any body need to undervalue the invoice? The answer lies in a simple fact that so far, not all the countries have allowed free trade. Most of the countries have imposed various restrictions on import – export trade and on free valuation of the currencies. In some cases, there are ...

April 18, 2006: Though on agenda of high level talks between US and China, there are many contentious issues; roots of all issue basically centre around the controlled movement of Yuan by China.   American and European markets are flooded with cheap Chinese goods. European and US manufacturers are quick to point out that these cheaper goods are results of scan ...

December 22, 2005: China's exports to the US not only promote China's development but also help consumers in US market to source their requirements at competitive prices. By an estimate, Walmart-USA is sourcing 45% of its purchases from China. These purchases do not include processed food  and other eatables. A report by Morgan Stanley shows China's low-priced quality products have ...

15 Dec, 05: The rupee climbed to its highest level in one-and-a-half months today, rising for the fifth session in a row after the dollar extended losses overseas, delivering further blow to exports from India.   The rupee was quoted at 45.57/58 per dollar during the opening session, which was the highest finish since November 24.   The rupee fluctuated between 45.52 and ...

Brief Rise In Chinese Currency Stirs Markets April 30, 2005   As was being expected in circles for long, Chinese currency finally did register some gains and although the evidence was tenuous, it was enough to send foreign exchange markets into lather.   Sources close to ministry now admit that “conditions were ripe for changes in the country's decade-old practice of keeping its currency, the ...

“Foreign Trade—without hedging !!! Are you not risking too much? One single unexpected fluctuation ! or one single terrorist attack leading to heavy panic in exchange market !! Would your business be able to sustain it without hedging? Is this not high time hedging is resorted to.”     Believe it even many trade pundits are not able to guess the price movements ...

Hardware, machine products exporters to Malaysia have reason to cheer up as the Ringgit gained strength today. This may further gain strength leading to economical exports to this country.   Jan 16, 2006: Malaysia is one of the countries which are yet to come to floating rate of exchange vs US dollar. With stabilized banking system with relatively lower non performing assets, ...

Jan 15, 2006: Revaluation of the Yuan has been long standing demand of Industrialists from US and Europe. While China did some revaluation, the extent failed to satisfy the industry people in US who have been blaming loss of jobs in furniture and textile industry to undervalued Yuan.   ‘Undervalued’ Yuan had always been a sore point between US and China. ...

December 23, 2005: Yuan is likely to see further upward pressure following China's large trade surplus, though the extent of it is largely a subject of speculation. China's trade surplus is expected to be about US$ 100 bln this year.   After marginal revaluation by about 2.1 pct, against the dollar in July, the currency now trades in a narrow range ...

Dec 1st, 2005: The industry and labor associations in US are a disappointed lot over the Bush administration’s refusal to name China AS “Currency Manipulator”. Readers may well remember that the demand to name China as “Currency manipulator” has been long standing one by US industry (Refer our article on the issue) and trade people were really hoping that it ...

September 25, 2005.   Low margins and cheaper labor can bail out the industry from woes of a strong currency.   Thai 's jewellery and ornament exports this year may drop by 4 per cent given the stronger baht compared to other global currencies. However, if gold is taken into account, jewellery exports are expected to rise   US being the biggest buyer of Thai gems, ...

June20, 2005 While US manufacturers are lobbying to impose trade sanctions against China unless China lets Yuan appreciate, thy seemed to have missed the impact it would have.   It may mean cheaper imports for Chinese manufacturers but at the same time most of the big manufacturers in China, gaining from cheaper imports and losing because of higher Yuan and lower sales ...

June 10, 2005   As a fallout of China’s refusal to revalue Yuan, most countries are in the process of revaluing their own currencies. Following revaluation of all major International currencies, India's foreign exchange reserves dipped by a massive USD 1.16 billion for the week ended June 3, 2005, reports Press Trust of India.   India's forex reserve now stands at USD 1, ...

June 10, 2005 With fears gaining ground that the appreciation of RMB would hurt the competitiveness of Chinese products on the international market, besides having a negative impact on some foreign-funded export-oriented enterprises, China Reaffirmed its earlier stand that it would not adjust its exchange rate under global pressure from outside world. China's domestic factors, not the "outside pressure," would determine ...