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(Image from article: "Geithner to visit Beijing amid currency dispute")

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U.S. backs off in currency dispute with China

The Obama administration backed away on Friday from a showdown with Beijing over the value of China's currency that would have caused new frictions between the world's only superpower and its largest creditor.

U.S. set to be a posse of one on China yuan at G20

Treasury Secretary Timothy Geithner faces a lonely campaign to make China's currency a major issue at the next Group of 20 summit as would-be allies shrink from confronting Beijing.

Geithner to visit Beijing amid currency dispute

Treasury Secretary Timothy Geithner will visit Beijing on Thursday for talks with a Chinese vice premier for economic affairs, ...

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