Is the Chinese economy overheated and the dragon country on the verge of collapse? Noted global investor and economic analyst Marc Faber says the Chinese economy might crash within one year. Faber, the publisher of the Gloom, Boom & Doom report, has predicted that the China is going to collapse in the wake of imminent property bubble and declining commodity and stock market prices.
The dollar rose on Tuesday as U.S. data showed factories running at their fastest pace in nearly six years, but stocks gains were reined in by worries about Greece's bailout and China's policy tightening.
The dollar inched up on Tuesday, boosted by strong U.S. data indicating the world's largest economy was on the mend, but worries about Greece's bailout and China's policy tightening curbed earlier gain in Asian shares.
India's recent decision to raise the duty on iron ore lumps will rein in export of the commodity further. The government last week increased the export duty on iron ore lumps to 15% from 10% to discourage exports and improve raw material availability for local steel mills. India's iron ore lump exports was around 11 million tonnes in 2009-10 and declined by 28% in the past four years from a peak of 15.3 million tonnes in 2006-07.
The Australian Dollar is trading under USD0.9300 following Sunday's proposed tax changes by Australia's Federal Government, and yesterday's decision out of China, when it instructed banks to increase capital ratios in a bid to slow lending.
Ford Motor Co posted a 25 percent increase in its April U.S. sales from a year earlier, propelled by record sales of its Fusion mid-size sedan and robust demand for trucks led by the F-series pickup.
Over past fifty years, Gujarat has been a key contributor to India's industrial development specifically on the back of its resource richness minerals. Mineral resources, which are the important factors for the growth of state economy, are equally important as a yardstick to measure the overall economic growth. Gujarat, better known for its manufacturing sector, has been a rich source of various minerals that are directly or indirectly a basic raw material for strategic industries in the country...
Those investors who were banking on the bad news from Europe to help gold prices rise may have to think twice. With several market analysts predicting a big bull run in bullion, investors have been rushing to gold as a safe haven following the disastrous news spread about the financial crisis in Spain, Portugal and Greece. And, this week more doomsday predictions cropped up about an imminent slump in China also.
China on Sunday raised the proportion of deposits that lenders must keep in reserve at the central bank, another step in its months-old campaign to mop up excess cash in the economy at a time when inflation is on the rise.
China's media regulator vowed a crackdown on online crimes and strengthened monitoring to prevent overseas hostile forces from infiltrating through the Internet, state media said on Monday.
U.S. stock index futures rose on Monday as investors welcomed details of a fiscal aid package for Greece and focused on a merger that would create the world's largest airline.
U.S. stock index futures rose on Monday as investors welcomed details of a fiscal aid package for Greece and focused on a merger that would create the world's largest airline.
U.S. stock index futures pointed to a higher open on Wall Street on Monday, with futures for the S&P 500 up 0.31 percent, Dow Jones futures up 0.16 percent and Nasdaq 100 futures up 0.3 percent.
The euro dropped on Monday and stocks fell on fears that a 110 billion euro bailout of Greece will face stiff political challenges, while fresh steps by China to cool its economy added to near-term uncertainty.
World oil prices extended gains in the first day trade of this month mainly on possible US supply drop on Gulf of Mexico oil slick while Greek bailout deal also helped. Light sweet crude for June delivery was seen trading at $86.59 a barrel at 12.00 noon Singapore time while Brent crude was at $87.65 a barrel at the same time in London. Analysts said expectations that the huge oil slick in the Gulf of Mexico could lead to delays in the delivery of crude oil in the US helped the black gold.
Gold prices remained highly volatile in Asian trade Monday as bailout package for debt-laden Greece eased safe haven concerns. Gold for immediate delivery was seen trading at $ 1177.64 an ounce at 12.00 noon Singapore time while June gold futures was at $ 1178.25 an ounce at the same time.
The euro sank nearly 1 percent on Monday and stocks fell on fears that a 110 billion euro bailout of Greece will face stiff political challenges, while fresh steps by China to cool its economy added to near-term uncertainty.
China on Sunday raised the proportion of deposits that lenders must keep in reserve at the central bank, another step in its months-old campaign to mop up excess cash in the economy at a time when inflation is on the rise. The People's Bank of China said it was lifting lenders' reserve requirement ratio by 50 basis points, effective May 10, its third increase of that magnitude this year.
Australia: The Australian Dollar fell on Friday's trading again on the back of weaker equity markets and talk increased that US investment bank Goldman Sachs might be the subject of a criminal prosecution by the US Justice Department in addition to the civil case recently brought by the SEC.
Finance ministers from east Asian countries on Sunday cited rising global asset prices and inflationary pressures and sovereign debt risks' possible impact on capital inflow as the key risks facing their economies.
China on Sunday raised the proportion of deposits that lenders must keep in reserve at the central bank, another step in its months-old campaign to mop up excess cash in the economy at a time when inflation is on the rise.
China reaffirmed on Sunday its resistance to pressures to let the yuan CNY=CFX rise sharply, dismissing arguments that its foreign exchange policy was mainly responsible for the country's trade surplus.
