Majority of the retailers in the UK expect sales to worsen in 2011 amid growing concerns over weak consumer demand and inflationary pressures.
China's central bank raised one-year lending and deposit interest rates for the second time in 2010 on Saturday, leading Chinese stocks to rise sharply on Monday before falling.
Bank of Japan's board is concerned about the U.S. Federal Reserve's quantitative easing, as Japan continues to bank on the global economic recovery for its own economic growth, minutes from the policy meeting showed.
Chinese shares slid and European stocks followed suit on Monday as the impact of China's Christmas Day interest rate rise sunk in to thin markets.
China made fresh assurances that it will keep inflation in check, saying it will improve efforts to stabilize prices and ensure an abundant supply of essential commodities ahead of the Chinese New Year.
China's government will be able to keep inflation in check, Premier Wen Jiabao said on Sunday, a day after the central bank raised interest rates, and he pledged to speed up efforts to rein in house price surges.
The surprise timing of the People's Bank of China increase in benchmark lending and deposit interest rates is likely to weigh on commodity markets when trading starts on Monday.
China's government will be able to keep inflation in check, Premier Wen Jiabao said on Sunday, a day after the central bank raised interest rates, and he pledged to speed up efforts to rein in house price surges.
China's government will be able to keep inflation in check, Premier Wen Jiabao said on Sunday, pledging to speed up efforts to rein in house price surges.
China's central bank raised interest rates on Saturday for the second time in just over two months as it stepped up its battle to rein in stubbornly high inflation.
China's central bank raised interest rates on Saturday, the second rise in just over two months, stepping up its battle to rein in stubbornly high inflation.
Core OPEC ministers said on Friday they saw no need to supply the world with more crude as oil prices traded near a two-year high and some consumers said they fear a rally above $100 per barrel would spur inflation.
China's central bank kept up its rhetoric against inflation and excess liquidity on Friday by saying it will deploy a range of policy tools to head off inflationary pressures and asset bubbles.
China's central bank kept up its rhetoric against inflation and excess liquidity on Friday, saying it will deploy a range of policy tools to head off inflationary pressure and asset bubbles.
Oil rallied to its highest price in more than two years on Friday, supported by unusually frigid weather that has fueled demand, depleted supplies and stoked inflationary worries from South Korea to India.
Onions may not be taken as a very serious subject, but the rapid rise in the price of this odorous vegetable in India reflects growing inflation fears in the emerging markets.
Demand for a range of long-lasting U.S. manufactured goods surged in November and consumer spending rose for a fifth straight month, cementing views of a solid economic growth pace in the fourth quarter.
The Gold Price in Euros has risen more than 38% so far in 2010. The Gold Price in Swiss Francs has also hit record highs. It looks as if the SNB will have to revoke its decision to stop intervening, says Steven Barrow, chief currency strategist at Standard Bank in London today.
As the global economy is entering arguably another tumultuous year, spotlight is sharply on the prospects, policies and risks of China's economy, which has all but sailed past Japan's as the world's second largest after the United States.
Asian shares edged higher on Thursday with gains led by resource-linked stocks, and oil traded just below the two-year high it hit yesterday on cautious but growing optimism of the health of the world economy.
When the return on savings is less than the rate of inflation it doesn't matter that gold doesn't provide you with an income. Tightly supplied and indestructible, it offers a natural and obvious alternative to cash. Inflation expectations are rising as 2011 begins.
A senior bullion logistics executive in Switzerland yesterday told BullionVault that shipments of Gold Bullion to China are running much higher – and have begun much earlier – to meet consumer demand for the Chinese New Year, which will start on 3rd Feb. 2011.
