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  • April 19, 2014
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  1. Business - Economy - ECONOMY

    Top finance officials confident world has turned corner

    Posted Apr 14th 2014, 05:07am by AP

    ... by surprise and it urged the European Central Bank, which conducts monetary policy for the 17 nations that use the euro currency, to consider further moves to provide economic stimulus if "low ...

  2. Business - Economy - ECONOMY

    China central bank move on yuan a sign of caution, not reform zeal

    Posted Mar 24th 2014, 04:45am by Reuters

    ... reforms, government economists say. The move was no big surprise, although by doubling the currency's trading band, the People's Bank of China went a bit further and acted a bit sooner ... offer an immediate benefit given that markets have turned bearish and the currency now looks more likely to test the band's bottom rather than upper limits. A weaker yuan would offer some ...

  3. News - China - ECONOMY

    US Fed comments causing anxiety, says finance deputy Zhu Guangyao

    Posted Mar 23rd 2014, 05:20am by Kwong Man-ki

    ... it was considered tapering its bond-buying programme. The shift has caused capital outflows and currency declines in places such as Brazil and India. European economic conditions were also "very ... in global trade settlement. But reforms would be important in expanding the use of the currency. ...

  4. Business - Economy - ECONOMY

    Australia's central bank cut rates as currency stayed strong, minutes show

    Posted May 22nd 2013, 12:00am by Bloomberg

    ... Bloomberg in Sydney Minutes show aussie's strength played part in decision this month to slash rates to record low Australia firm on rates amid buoyant currency The Reserve Bank of Australia cut its benchmark interest rate to a record low this month to boost businesses weakened by the currency's sustained strength, even as households reacted to earlier reductions. ...

  5. Business - Economy - ECONOMY

    Germany's selfishness hangs over its weaker euro-zone partners

    Posted Mar 24th 2014, 04:45am by DAVID BROWN

    ... of the single currency, the weaker countries now inside it competed against German exports by using currency devaluations to boost trade competitiveness. Since the advent of the euro zone, that is no longer possible. The adoption of the single currency has only accelerated the pull of capital and productive capacity towards Germany. The car industry provides a clear example. Car producers ...

  6. Business - Economy - ECONOMY

    China economic growth to slow with investments, says ADB

    Posted Apr 02nd 2014, 05:45am by Victoria Ruan

    ... the currency more flexible. It also warned investors against betting on one-way appreciation. Conrad said fundamentals on the mainland still supported a stronger yuan. "The long-term factors ...

  7. News - China - ECONOMY

    PM Gillard may ink Australian dollar-yuan currency conversion pact: report

    Posted Mar 31st 2013, 12:00am by BLOOM

    ... Bloomberg in Melbourne Australia may ink yuan currency pact Australian Prime Minister Julia Gillard may seek a deal enabling direct conversion of Australian dollars into Chinese currency ... on the currency conversion deal or full itinerary. China remained Australia's top trading partner in January, even as transactions slid to A$9.9 billion (HK$80 billion), the lowest since September, ...

  8. News - Business - ECONOMY

    Japan stimulus will start currency war, say Chinese economists

    Posted Apr 06th 2013, 12:00am by Ray Chan

    ... of China's top economists are livid at what they view as an effective currency devaluation by Japan and are calling on the People's Bank of China to retaliate by weakening the yuan to defend itself in what they see as a new currency war. These economists, including Tsinghua University professor Li Daokui and ANZ Bank's Liu Ligang, see Japan's plan to double its monetary ...

  9. Business - Money - ECONOMY

    IMF warns of risks from emerging market turmoil

    Posted Feb 21st 2014, 01:11am by BLOOM

    ... higher interest rates, and sharp currency depreciation in emerging economies remain a key concern," said the report, which was prepared for the G20 meeting starting in Sydney tomorrow. ... to activity." Rising political tensions from Ukraine to Thailand, China's slowdown and the US Federal Reserve's tapering of its stimulus have resulted in falling stocks and currencies ...

  10. Business - ECONOMY

    Group of Seven leaders will not use currencies to wage 'economic warfare'

    Posted Feb 17th 2013, 12:00am by AFP

    ... Agence France-Presse in Moscow Leading economies agree currency devaluations must not be exploited to gain a competitive edge G20 leaders ease fears over 'economic warfare' G20 finance ministers yesterday moved to calm fears of looming "economic warfare" on the currency markets, pledging they would not target specific forex rates or devalue currencies to make ...




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