China reduced its holdings of U.S. Treasury debt in May as total foreign holdings of government debt posted a slight increase.
China’s holdings fell by $32.5 billion to $867.7 billion, the Treasury reported Friday. Total foreign holdings edged up $5.8 billion to $3.96 trillion.
The drop in China’s holdings and the weak showing overall was a surprise. [...]
Posts Tagged ‘investors’
China reduces US Treasury debt holdings in May
July 16th, 2010 by Financial Writer
Tags: China, economic, economists, european economy, financial crisis, interest rates, investors, us treasury
more...U.S. Retailers’ Sales Rise at Fastest Pace in 4 Years
July 7th, 2010 by Financial Writer
U.S. retailers’ sales are growing at the fastest pace in four years, a sign consumers may be overcoming concern about unemployment and depressed home values.
Sales probably expanded at an average monthly rate of 4 percent in the first five months of the retail fiscal year that began Jan. 31, the biggest gain since 2006, the [...]
Tags: consumers, economist, financial system, investors, stock market, unemployment, us economy, us stocks
Wall Street Traders Return and Start Buying
July 6th, 2010 by Financial Writer
Traders returned to Wall Street on Tuesday from a long holiday weekend and promptly began to buy.
Shares in Europe and Asia were also higher as investors tried to recover losses that piled up after a string of disappointing economic reports.
The jump as investors looked past a report that growth in services businesses slowed last month. [...]
Tags: bank of england, bank stock, businesses, consumer spending, Dow Jones Industrial, economic growth, economic reports, economists, european central bank, investors, Nasdaq composite, wall street, world economic
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
German Investor Sentiment Plunges on Debt Crisis
June 15th, 2010 by Financial Writer
German investor confidence plunged in June on concern that the sovereign debt crisis will undermine export prospects and crimp growth in Europe’s largest economy.
Greece’s near default has prompted governments from Berlin to Madrid to implement budget cuts to convince investors they can tame deficits, threatening to damp demand and hurt the region’s economic recovery. While [...]
Tags: business, debt crisis, economic recovery, euro zone, european central bank, european economy, european stocks, germany, investors, unemployment rate
Temasek to invest up to $300 million in AgBank IPO: source
June 14th, 2010 by Financial Writer
Singapore’s state investment fund Temasek plans to invest up to $300 million in the Agricultural Bank of China, ahead of its roughly $20 billion IPO, a source with direct knowledge of the matter said on Saturday.
Temasek’s commitment to China’s third largest bank is a positive step for the offering, though it is less than the [...]
Tags: banks, central bank, China, economy, financial, financial markets, financial system, investors, money
Oil ends down after U.S., China data disappoint
June 12th, 2010 by Financial Writer
U.S. oil prices fell more than 2 percent on Friday as an unexpected fall in May retail sales in the United States and easing industrial output in China revived concerns about the economy and oil demand.
Friday’s slide snapped a three-day string of higher closes, but for the week oil prices still managed a 3.17 percent [...]
Tags: Chinese economy, commerce department, euro zone, investors, oil prices, stock market, us consumer, us retail sales
Gold slips below $1,220 but investment supports
June 2nd, 2010 by Financial Writer
Gold slipped below $1,220 an ounce in Europe on Wednesday as investors cashed in some of the previous session’s gains, but investment demand for the metal as a haven from risk is expected to continue to underpin prices.
The dollar strengthened and equity markets slipped as persistent fears the euro zone’s debt crisis could hamper the [...]
Tags: business, debt crisis, economic recovery, euro zone, european economy, european union, financial markets, Global Economy, IMF, investors, us economy
Euro inches up while stocks remain flat after warning
May 31st, 2010 by Financial Writer
The euro steadied from recent falls and world stocks were becalmed on Monday with a Chinese warning about risks to global growth and a downgrade of Spain’s credit heightening investor caution in holiday-thinned trade.
Europe’s common currency inched up, recovering modest losses suffered after a cut to Spain’s sovereign debt rating late on Friday, but the [...]
Tags: debt crisis, euro zone, european economy, Global Economy, investors, stock market, us economy, wall street
Personal Spending Report Tempers U.S. Indexes
May 28th, 2010 by Financial Writer
American indexes opened lower on Friday, the last day of the month and the last before a three-day weekend.
In the United States, a mixed report on consumer spending and personal income tempered the open.
The Commerce Department reported that consumer spending was unchanged in April while personal incomes rose 0.4 percent. Both numbers were less than [...]
Tags: businesses, consumers, Dow Jones Industrial, economic recovery, euro zone, european stocks, financial markets, Global Economy, investors, stock market, U.S. markets, us economic, wall street