Asia’s foreign exchange hit a record high in July as the region’s fast-growing economies kept attracting strong inflows amid sluggish growth in the developed world, burnishing the role of Asian central banks as key players in the currency market.
Reserves held by 11 key Asian central banks, excluding China’s, amounted to $2.861 trillion at the end [...]
Posts Tagged ‘monetary’
Asian Reserves Jump in July as Euro Soars
August 10th, 2010 by Financial Writer
Tags: asian markets, Chinese economy, dow jones, european economy, financial markets, Global Economy, Global Markets, IMF, monetary
more...OECD Lifts Growth Outlook as Emerging Nations Rebound
May 26th, 2010 by Financial Writer
The Organization for Economic Cooperation and Development raised its growth forecasts for this year and next as emerging economies such as China outpace debt- burdened developed countries to drive the global expansion.
The economy of the OECD’s 30 members will grow 2.7 percent this year, more than the 1.9 percent predicted in November, the Paris-based group [...]
Tags: Debt, economy, financial, financial system, Global Economy, interest rates, monetary, stock market, us economy, us stocks
FOREX-Euro gains on hopes of Greek aid package
April 29th, 2010 by Financial Writer
* Euro recovers, supported by optimism on Greek aid package
* Solid euro zone data helps; Greek bond spreads narrow
* U.S. weekly jobless claims fall in latest week
The euro rose on Thursday, rebounding from a one-year low the previous day, on hopes a bailout plan for Greece was imminent and would help it avoid a debt [...]
Tags: banks, Capital economics, economy, european union, Federal Reserve, financial, financial markets, interest rates, investors, monetary, us economy
German Economy Seen Returning to Growth
April 15th, 2010 by Financial Writer
BERLIN — Germany’s economy is on track to recover gradually from the financial crisis, despite stagnating growth this winter, a group of leading institutes said Thursday.
The report, prepared by a group of leading German economic think tanks, forecast that Germany’s economy will grow 1.5% in 2010 and 1.4% in 2011, led by recovery in Germany’s [...]
Tags: economy, european central bank, financial, financial crisis, germany, Global Economy, inflation, monetary, recession
Investors brace for a rocky ride
October 5th, 2009 by Financial Writer
The stock advance has hit some resistance in the last two weeks and it’s only going to get tougher as the third quarter reporting period gets underway.
Since hitting rally highs nearly two weeks ago, the broad S&P 500 index has lost 4.3% as investors have sorted through a spate of manufacturing, consumer and jobs reports [...]
Tags: employers, investors, monetary, recession, unemployment
Fatal error: Cannot redeclare pagenavi_textdomain() (previously declared in /home/moneywor/public_html/wp-content/themes/front-page/wp-pagenavi.php:34) in /home/moneywor/public_html/wp-content/themes/front-page/wp-pagenavi.php on line 35