Bloomberg The U.S. and China have made progress on their exchange-rate debate over the years while the Asian nation’s ability to control excess capacity will be central for expanding its economy, Treasury Secretary Jacob J. Lew said on Sunday in Beijing. Lew, speaking to students at Tsinghua University, said China’s government is moving in the right direction on its …

  Bloomberg The United Arab Emirates’ currency peg is here to stay, the central bank governor said, after contracts used to bet on a devaluation rose to the highest since March. Policy makers don’t see pressure on the dirham and the U.A.E. is committed to its longstanding peg to the dollar, HE Mubarak Rashed Al Mansoori told reporters in Abu …

  Bloomberg Carlos Dominguez, who is set to become finance secretary in the Philippines, said the incoming government of President-elect Rodrigo Duterte is willing to initially lose revenue through income-tax cuts to help boost economic growth and reduce poverty. Lower income levies will be part of a tax reform bill submitted to lawmakers by September, Dominguez, 70, said in an …