trade

(Newser) - Just days before a meeting with US Treasury Secretary Henry Paulson, China is taking baby steps toward letting its currency trade more freely. The government also raised interest rates and the reserve on bank loans today, signaling concern over the country's red-hot economy. China's trade surplus—which some American politicos...

(Newser) - Federal prosecutors and the SEC are charging a Credit Suisse banker with relaying insider information to an unnamed Pakistani banker who made more than $7 million on illegal trades. Hafiz Nasseem, who started at the bulge-bracket bank last year, is said to have immediately started sharing tips on upcoming deals—...

(Newser) - Traders at the online market Intrade.com betting big that President Bush will pardon Scooter Libby.  CNN reports that at the "prediction market," where people buy and sell futures contracts on real-world events, 63 percent of traders are bullish on the prospect of Libby receiving a pardon...