Tag Archives: news

BRASILIA – President Dilma Rousseff on Thursday accused the world’s rich countries of unleashing a “tsunami” of cheap money that hurts developing countries like Brazil. Rousseff complained that rich nations are responding to the global financial crisis with easy credit and low interest rates – and that cheap money makes its way to Brazil, which has high interest rates and …

Chinese U.S.-listed stocks are poised to advance this week, led by Sina Corp. (SINA), on prospects the government will roll out measures to boost growth in the world’s second-largest economy at an annual meeting next week. The Bloomberg China-US 55 index of the most-traded Chinese stocks in the U.S. was little changed at 108.47 by 12:57 p.m. in New York, gaining 0.9 percent …

BEIJING, March 1 (Xinhua) — A guideline to accelerate the transformation of the country’s foreign trade growth pattern was jointly issued on Thursday by 10 Chinese government agencies. The country aims to balance its foreign trade by increasing imports and optimizing the mix of its import tariffs, according to the publication on the Ministry of Commerce website. The guideline said …

HANGZHOU, March 1 (Xinhua) — China’s e-commerce continues its rapidly expansion as online sales turnover in 2011 surpassed 780 billion yuan (124 billion U.S. dollars), a year-on-year increase of 66 percent, according to a report released Thursday. The report shows that e-business has supported the country’s social development through reducing production costs, increasing employment opportunities and accelerating industrial transformation. The …

BEIJING, March 1 (Xinhua) — China’s four biggest state-owned banks said Thursday they will continue implementing the differentiated housing loan policy. The four state-run lenders, dubbed “the Big Four,” are Industrial and Commercial Bank of China, China Construction Bank, Bank of China and Agricultural Bank of China. The lenders said they would stick to the government’s macro control policies over …

GOOD ECONOMIC NEWS:Improved PMI figures in India and China, and South Korea’s biggest increase in exports in six months, are positive signs for global growth prospects Bloomberg China’s manufacturing expanded at a faster pace last month and a gauge for India showed sustained growth, indicating that Asian economies are maintaining momentum even as the eurozone debt crisis caps exports. In …

BANGKOK -Asian stocks rose Friday as the U.S. jobs market showed new signs of improvement and global banks avoided a hit from Greece’s debt crisis. Japan’s Nikkei 225 index rose 0.4 percent to 9,747.80 and Hong Kong’s Hang Seng climbed 1 percent to 21,607.49. South Korea’s Kospi added 0.5 percent to 2,041.14. Australia’s S&P/ASX 200 was up 0.3 percent to …

* ECB to launch second 3-year financing operation on Wed * Gold-silver ratio drops to four-month low * Spot gold may rise to $1,797/oz -technicals * Coming up: U.S. consumer confidence, Feb; 1500 GMT SINGAPORE, Feb 28 (Reuters) - Gold inched higher on Tuesday after two sessions of straight losses, ahead of a major cash injection by the European Central …

– Commodity- and EMG currencies saw a nice rebound overnight, after they have been mainly under pressure. Also equity markets in Asia rallied towards the end of their session. Oil continued to drift lower from the 11 months high hit last Friday. EURUSD has digested S+P’s EFSF outlook revision and another Greece downgrade well. – Stocks: Nikkei +0.92 %, Hang …

Feb. 28 (Bloomberg) — Pay for newly hired senior investment professionals in China and emerging Asian countries may see double-digit growth this year as banks in the region compete for talent and avoid European debt crisis fallout. Compensation for a senior corporate banker in Beijing, excluding bonuses, is projected jump 42 percent this year to at least 2 million yuan …