China’s stocks fell for a second day after government officials said they would take further steps to control inflation after raising interest rates last month.
Industrial & Commercial Bank of China Ltd. and developer China Vanke Co. paced declines among financial stocks after the central bank said it will intensify the use of price tools to [...]
Archive for the ‘Global Financial’ Category
China’s Stocks Drop as Banks, Developers Fall on Rate Concern
November 2nd, 2010 by Financial Writer
Tags: Asian stocks, bank of china, Chinese economy, economic, economic growth, economy recovery, financial markets, interest rates, loans, us economy
more...ET in the classroom: Quantitative Easing II
November 1st, 2010 by Financial Writer
What is quantitative easing II?
The term became fashionable post the global economic crisis in 2008, following which most governments across the globe had to pump in huge amount of liquidity in the markets to tide over the crisis. Quantitative easing is the process of infusing money into the system by creating ‘new money’ and eventually [...]
Tags: central bank, economic crisis, economic recovery, economy recovery, Federal Reserve, financial system, Global Economy, stock prices, us economic, us stocks
China Day Ahead: U.S. Says Rare Earth Isn’t a Threat; Global Trade Balance
October 31st, 2010 by Financial Writer
The U.S. Defense Department has concluded that China’s monopoly on rare-earth materials, used in military hardware such as missile guidance and radar systems, poses no threat to national security, according to a person familiar with a year-long study by the Pentagon.
The report notes that rising prices and supply uncertainties are spurring private investment in new [...]
Tags: Chinese economy, inflation, loans, money, stock prices
Dollar Climbs Amid Questions About Fed Program
October 27th, 2010 by Financial Writer
Dollar rallies amid concerns Fed bond-buying program might be smaller than anticipated
The dollar strengthened Wednesday after concerns grew that the Federal Reserve’s plans to buy Treasurys might be smaller and slower than traders anticipated.
Traders have been expecting that the Fed will announce a plan next week to swiftly buy U.S. Treasurys, with some estimating the [...]
Tags: central bank, economic growth, Federal Reserve, financial markets, interest rates, us economic, us stocks, US Treasuries, wall street
Dollar Near One-Week High Versus Euro on Bets Fed Easing to Revive Growth
October 26th, 2010 by Financial Writer
The dollar rose to a one-week high against the euro amid speculation more debt purchases by the Federal Reserve will help revive economic growth.
Australia’s dollar fell for a second day after the nation’s consumer prices rose by less than some economists had forecast, damping prospects the central bank will raise interest rates next month. New [...]
Tags: australians, central bank, commerce department, consumers, economic growth, european central bank, Global Economy, us economic
Inflation Bonds Are Sold With Negative Yield for First Time
October 25th, 2010 by Financial Writer
At a time when savers complain that they are earning almost no interest from their bank accounts, some investors on Monday bought United States government bonds that effectively had negative rate of return.
Bizarre as it sounds, that is correct. In an auction of a special kind of five-year Treasury bond, investors paid $105.50 for every [...]
Tags: borrowers, commerce department, financial crisis, inflation, interest rates, investors, loans, money, us stocks, us treasury
G-20 powers agree to Geithner currency and trade plan
October 23rd, 2010 by Financial Writer
Finance ministers from the world’s major nations agreed to a U.S.-brokered plan for easing tensions over exchange rates and world trade patterns, saying that a “fragile and uneven” economic recovery was at risk if top powers pursued conflicting policies or used the value of their currencies to gain an edge for their exports.
Aiming to head [...]
Tags: economic activity, economic recovery, Federal Reserve, financial leaders, g20, World Financial
China’s Stocks Fall on Higher Interest Rate Concerns; Banks, Brokers Drop
October 22nd, 2010 by Financial Writer
China’s stock index fell for a second day, narrowing this week’s gains, as banks and brokerages dropped on concern quickening inflation may push policy makers to boost interest rates further.
Industrial & Commercial Bank of China Ltd. led a gauge of financial stocks lower for a second day after data showed the fastest inflation in 23 [...]
Tags: borrowers, central bank, china business, financial system, stock market
China Fear of Echoing Post-Plaza Japan Limits `Hyundai Accord’
October 21st, 2010 by Financial Writer
China’s reluctance to deliver “shock therapy” through a faster appreciation of the yuan may be a bid to avoid repeating history: Japan’s.
As Group of 20 finance chiefs begin talks today in Gyeongju, South Korea, China is deflecting foreign pressure to fast-track the yuan’s gains after limiting them to about 2 percent against the dollar since [...]
Tags: bank of japan, China, economic growth, g20, Global Economy, interest rates, World Financial
As Dollar’s Value Falls, Currency Conflicts Rise
October 20th, 2010 by Financial Writer
Is this a currency war or what?
Fast-growing nations like Thailand are trying to devalue their exchange rates to bolster their export-driven economies.
In Washington, where “strong dollar” has been the mantra for years, policy makers are taking steps that could make the already weak dollar weaker still.
European policy makers worry that a resurgent euro will threaten [...]
Tags: currency market, economic, economists, financial crisis, financial markets, Global Economy, Global Markets, IMF, interest rates, us economic