China's economic expansion slowed in the third quarter to its weakest pace since early 2009 as euro-debt strains and a sluggish U.S. economy took a toll, but healthy domestic drivers suggest little room to relax monetary policy near term.
China's economic expansion slowed in the third quarter to its weakest pace since early 2009 as euro-debt strains and a sluggish U.S. economy took a toll, but healthy domestic drivers suggest little room to relax monetary policy near term.
Gold demand in India, the world's largest bullion buyer, will be strong in the October-December quarter, a traditional time for festivals and weddings, despite high inflation that eats into savings and multiple growth-choking central bank rates hikes.
China's economic expansion slowed in the third quarter to its weakest pace since early 2009, but core domestic drivers of growth remained robust, suggesting little chance that monetary policy can be relaxed near term.
Fissures at the Federal Reserve over the correct course of future monetary policy were on display Monday, with one top policymaker calling for further easing even as another suggested tighter policy may be needed.
The Federal Reserve's latest effort to push down long-term borrowing costs is likely to push inflation higher with little benefit to economic growth, a top central bank official said on Monday.
Tanzania's food and energy costs pushed the inflation rate to 16.8 percent year-on-year in September from 14.1 percent in the previous month, and analysts expected consumer prices to continue accelerating at least until the turn of the year.
Saudi Arabia's central bank is not interested in buying distressed or speculative assets such as troubled European debt and gold, and the OPEC member's banks are well-positioned to withstand the Eurozone crisis.
Saudi Arabia's central bank is not interested in buying distressed or speculative assets such as troubled European debt and gold and the OPEC member's banks are well positioned to withstand the euro zone crisis, its head said on Saturday.
China's consumer inflation dipped to 6.1 percent in September, retreating further from three-year highs, although stubborn food price pressures will deter the central bank from loosening its policy reins anytime soon.
Gold mining has been a boon --not a curse -- to the Peruvian national economy over the past decade, helping lift specific mining communities out of poverty, a report released Friday by the gold-mining industry group World Gold Council, said.
China's consumer inflation dipped to 6.1 percent in September, retreating further from three-year highs, although stubborn food price pressures will deter the central bank from loosening its policy reins anytime soon.
Stock index futures rose on Friday, shrugging off a credit rating downgrade of Spain, propelled by strong earnings from Google Inc. and hopes the Eurozone will continue progress toward a solution to its debt crisis.
Stock index futures rose on Friday, shrugging off a credit rating downgrade of Spain, propelled by strong earnings from Google Inc and hopes the euro zone will continue progress toward a solution to its debt crisis.
Gold was slightly higher on Friday and headed for its biggest weekly gain in more than a month, shrugging off the credit rating downgrade of Spain ahead of a G20 meeting whose agenda will be dominated by the euro zone debt crisis.
The BSE Sensex pulled higher on Friday after a sluggish start as investors awaited monthly inflation, which would set the tone for the RBI's monetary stance.
Recent Federal Reserve moves aimed at bolstering a slow but intact recovery reduce the central bank's credibility and ultimately its ability to keep inflation in check and unemployment low, a top Fed official said on Thursday.
Egypt's central bank said it kept its benchmark interest rates on hold after a monetary policy meeting on Thursday, as headline inflation eases and political uncertainty delays an economic recovery.
The euro zone could fall back into recession and the European Central Bank will discuss cutting interest rates at its policy meeting next month, ECB policymakers said on Thursday.
ECB's Executive Board member Jose Manuel Gonzalez-Paramo said on Thursday that the c.bank should be anchor of stability in times of crisis
The euro zone economy risks a protracted period of weakness while inflation is not a worry, European Central Bank policymaker Ewald Nowotny said, expecting price pressures in the bloc to fall below the ECB's target level next year.
Our sense of market sentiment is that investors remain very cautious about any reversal of price trends