The world economy faces a long, hard slog toward recovery and could slide into deflation and financial instability if leaders fail to deliver on promises of reform, top policy markers said on Friday.
At a conference in Calgary, White House special adviser Paul Volcker warned it would likely take years for the American economy to [...]
Posts Tagged ‘bank of china’
Carney, Volcker see long haul to recovery
November 20th, 2010 by Financial Writer
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more...China’s Stocks Decline on Inflation Concern, Commodity Prices
November 11th, 2010 by Financial Writer
China’s stocks fell the most in two weeks on slumping commodity prices and concern the government may step up measures to contain growth in housing and consumer prices after inflation accelerated to a two-year high last month.
Industrial and Commercial Bank of China Ltd. slid more than 2 percent after Bank of America Merrill Lynch Research [...]
Tags: Bank Inflation, bank of china, borrowers, consumers, financial system, Global Economy, inflation, lenders, loans, real estate, stock market
China’s Inflation Accelerates to 4.4%, Fastest Pace in Two Years
November 10th, 2010 by Financial Writer
China’s inflation accelerated to the fastest pace in two years in October, building the case for the central bank to add to last month’s interest-rate increase.
Consumer prices rose 4.4 percent from a year earlier, boosted by food costs, a statistics bureau report showed in Beijing today. That was more than the 4 percent median forecast [...]
Tags: bank of china, central bank, Chinese economy, consumers, financial crisis, inflation
China’s Stocks Drop as Banks, Developers Fall on Rate Concern
November 2nd, 2010 by Financial Writer
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 [...]
Tags: Asian stocks, bank of china, Chinese economy, economic, economic growth, economy recovery, financial markets, interest rates, loans, us economy
China’s consumer price index jump 3.5%
September 11th, 2010 by Financial Writer
China’s consumer price index in August jumped at its fastest rate in almost two years while all 39 of the country’s industries continued to grow, according to data posted Saturday.
Driven higher by China’s worst flooding in years, the consumer price index, a key inflation gauge, gained 3.5% from a year earlier and 0.2% from July, [...]
Tags: bank of china, Chinese economy, commercial industry, consumers, interest rates, wall street
China’s top banks face harsh reality after strong H1
August 26th, 2010 by Financial Writer
Top Chinese lenders ICBC (1398.HK) and Bank of China (3988.HK) signaled a peaking of earnings growth after strong second-quarter profits, as they slowed their lending and focused on asset quality.
Chinese banks, which are trying to become more commercial and move away from their policy-based lending past, have benefited over the past year from a jump [...]
Tags: bank of china, Chinese economy, economy recovery, financial system, Global Economy, money, real estate sector
China Expands Access to Bond Market
August 17th, 2010 by Financial Writer
China’s central bank said it will widen overseas access to its domestic bond market as part of a program to promote the use of its yuan currency in international trade.
The trial program, announced Tuesday, will allow some yuan held offshore to be invested in China’s interbank bond market, where most government and corporate debt trades [...]
Tags: bank of china, Chinese economy, economists, financial markets, financial system, investment
Japan Is Alone Over Yen
August 13th, 2010 by Financial Writer
The last time the dollar dropped below the levels it reached Wednesday against the yen, the Bank of Japan and the Federal Reserve jointly intervened to push it higher. That was in July 1995.
No wonder currency traders got a bit nervous Thursday when Japanese officials complained about the strength of their currency amid the latest [...]
Tags: bank of china, bank of japan, economic crisis, economy, Federal Reserve, financial markets, financial system, us consumers, us economic
China’s Slowing Economy Will Stabilize, Avoid Slump, Central Bank Predicts
July 27th, 2010 by Financial Writer
China’s central bank said the slowdown in growth in the world’s third-largest economy will likely stabilize, helping the nation avoid a slump during the second half of the year.
The economy’s fundamentals remain “good,” the People’s Bank of China said on its website today. China’s decreasing dependence on exports also means the European debt crisis is [...]
Tags: bank of china, Chinese economy, debt crisis, economic growth, economists, european economy, financial system, Global Economy, inflation, interest rates, loans
Gold prices ease off fresh highs
June 21st, 2010 by Financial Writer
The price of gold surged to a fresh intraday record Monday before pulling back as investors digested China’s decision to allow the yuan to appreciate against the dollar.
What prices are doing: Gold for August delivery rose 40 cents to $1,258.70 an ounce. Earlier, prices climbed to $1,266.50, beating the record intraday high of $1,263.40 set [...]
Tags: bank of china, Chinese economy, financial crisis, Global Economy, gold price, investor, investors, precious metal