China wants to import more: ICBC chairman
China wants to import more to solve its trade imbalances instead of parking windfall revenues in U.S. and euro zone government bonds, the chairman of China's largest lender said on Thursday.
Kenyan central bank surprises with rate cut
Kenya's central bank cut its benchmark lending rate on Thursday for the first time since July, in a surprise move seen as a bid to curb rising Treasury bill and bond yields.
G20 should better represent Africa: Botswana
Africa should have a greater presence in the Group of 20 nations rather than be largely excluded and simply told how to run their economies, Botswana's central bank governor said on Thursday.
Gold Gives Back Another Overnight Rally as Japan Downgraded, Eurozone Warned on Imported Inflation
Gold fell back from its third overnight rally in four days in London trade on Thursday, dropping 1.1% against the Dollar. We don't feel that this downward pressure can persist, given ample global liquidity and low long-term real interest rates, says Standard Bank's commodity team in a client note.
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Fed cautious on recovery, focused on joblessness
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Brazil unemployment drops to record low in 2010
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China Q1 GDP seen up 9 pct y/y, CPI up 5 pct -report
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Dollar slips to 11-week low after Fed, stocks
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Social Security Checks In Nine States To Drop Starting This Month
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Nearly 1 In 3 UK Residents Miss Payments As Mortgage Arrears Soar By 50% Amidst Rising Interest Rates
More news
Gold rises after Fed as ETFs shed bullion
Gold rose on Wednesday, snapping a four-day losing streak, after the Federal Reserve's lukewarm economic assessment and its plan to complete its bond-buying program boosted bullion's safe-haven appeal.
30 Chinese provinces raised minimum wage as inflation soars : GT
Thirty provinces in China raised minimum wages by the end of 2010 as inflation, particular those of food items, surged last year.
Gold Price Struggles with Head & Shoulders Pattern Ahead of Fed Vote
The price of Gold Bullion rallied from its lowest level since 28th Oct. early in London on Wednesday, but remained nearly $100 per ounce off Dec.'s all-time highs in what dealers called very quiet trade ahead of today's US Federal Reserve announcement on monetary policy.
FOMC stays the course
The Federal Open Market Committee (FOMC) kept its key interest rate unchanged at the record low range of 0 percent to 0.25 percent, as widely expected. The FOMC also remained committed to its $600-billion Treasury purchase program.
Full-Text: FOMC Statement of Jan. 26, 2011
Full-text of FOMC policy statement of Jan. 26, 2011.
U.S. will see fiscal train wreck: Roubini
Unless the U.S. addresses [its] fiscal problem, we’re going to see a train wreck, said Nouriel Roubini.
Get ready to pay more for groceries this year
Overall food prices in the U.S. are going to inch up between 2 and 3 percent this year, putting an added burden on household budgets.
BoE policy panel minutes reveal growing concern over inflation
The minutes of Bank of England's (BoE) Monetary Policy Committee meeting held on January 13 showed that policymaker Martin Weale joined Andrew Sentance in voting for a 25 basis points rate hike.
Inflation rattles corporates in India, China
Corporations in China and India have been riding on strong domestic economies, much to the envy of the West, but they now worry that runaway inflation could hit growth.
Dollar steady ahead of Fed
The U.S. dollar held near a 10-week low against a basket of currencies on Wednesday ahead of a statement from the U.S. Federal Reserve, which is expected to reaffirm the central bank's focus on supporting growth.
China banks ratchet up lending rates to ration credit
Some Chinese banks have drastically raised interest rates on loans to comply with government orders to rein in credit growth after another lending surge at the start of the year, state media reported on Wednesday.
Dollar steady as Fed in focus, Nikkei slips
The U.S. dollar held near a 10-week low against a basket of currencies on Wednesday, ahead of a statement from the Federal Reserve which is expected to reaffirm the central bank's focus on supporting growth.
Why Rising Rates Are Super Bullish for Gold and Silver
The gold naysayers are using rising rates as a way to dismiss gold. Let me explain why this belief is not only false but also utterly dangerous. First and foremost, the parameters have changed in just a few short years. Government debt has increased substantially in the last few years.
Consumer morale at eight-month high
U.S. consumer confidence rose in January to its highest level in eight months, underscoring the brightening economic outlook, although declining housing prices still cast a cloud on the recovery.
Equities dip, weaker gold hits S.Africa
Emerging stocks edged down on Tuesday as inflation worries persisted and weaker metals prices knocked South African shares and the rand.
Nigeria lifts key rate to 6.5 pct, tightens liquidity
Nigeria raised its benchmark interest rate by 25 basis points to 6.5 percent on Tuesday and took aggressive measures to tighten liquidity as its seeks to get inflation down to single digits.
US January consumer confidence hits highest since May
U.S. consumer confidence rose more than expected in January to its highest level in eight months, helped by growing optimism about the economy and the jobs market, according to a private sector report released on Tuesday.
Recovery builds but Europe, inflation pose risks: IMF
Europe needs to strengthen its financial rescue fund to reduce the risk of renewed global instability as U.S. tax cuts and buoyant emerging economies help propel the recovery elsewhere, the IMF said on Tuesday.
UK's economic growth slows in fourth quarter
Economy in the U.K. grew slower in the fourth quarter though it was above economists' forecasts, according to the latest report by the U.K. Statistical Department.
RBI raises key interest rates by 25 bps
The Reserve Bank of India (RBI) raised key interest rates on Tuesday by a quarter point each, as expected, in a bid to clamp down on resurgent inflation and warned that higher food prices could become entrenched if steps to boost output are not taken.
PM adviser: Tight monetary policy needed - report
India needs tight monetary policy to prevent food prices from spilling over to the broader economy, a top economic adviser said in a newspaper interview, ahead of a widely expected rate hike on Tuesday.
Asia stocks rise, earnings, central banks in focus
Asian stocks rose on Tuesday, with the Nikkei gaining more than 1 percent , on optimism that companies will report strong earnings, while the euro held near a two-month high.
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