On March 16, Bank Negara Malaysia (BNM) said that Google misquoted the exchange rate of the country's currency, the ringgit, twice, undervaluing it against the U.S. dollar. It would seek an explanation from the U.S. tech giant, it added. The ringgit has weakened about 2.44 percent this year, declining to a 26-year low last month. … Continue reading Malaysia central bank alleges Google undervalued ringgit twice
Taiwan's vice president-elect and former de facto ambassador to Washington, Hsiao Bi-khim, is currently in the United States for a private visit, triggering objections from China, which claims Taiwan as its own territory. Chinese Embassy Spokesperson Liu Pengyu expressed China's firm opposition to any official interaction between the U.S. and Taiwan, labeling Hsiao Bi-khim as … Continue reading China angry over Taiwan VP-elect’s ‘personal trip’ to US
Amid rising global stockpiles dragging down prices, Chinese wheat importers have canceled or postponed some one million metric tons of Australian wheat purchases. With international prices trading close to three-and-a-half-year lows, last week, the U.S. government reported canceling more than 500,000 metric tons of U.S. wheat exports to China, the world's leading wheat buyer. After … Continue reading Why Chinese companies postponed Australian wheat deal
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