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China on Saturday shrugged off international pressure to appreciate its currency, saying developed countries should focus on the quality of their own economic policy-making. Chinese Finance Minister Xie Xuren, speaking after...
Sunday, November 08, 2009 LONDON: Gold prices struck a series of record highs this week, eventually spiking above $1,100 for the first time, as Asian central banks snapped up the precious metal as an alternative to the dollar....
NEW YORK: The death knell for the dollar has been sounded many a time in recent years, but its weakness has still not alarmed investors. Questions now focus on how much further the dollar can fall before investors flee U.S....
MUSCAT -- The oil and gas sector continues to play a predominant role in the overall economic performance of Oman accounting for over 50 per cent of nominal gross domestic product (GDP), almost 80 per cent of net fiscal revenue...
The Greenback had a disappointing week, dropping against all major currencies. Latest data released on Friday showed unemployment rising to a 26-year high of 10.2%, thus preventing risk appetite as stock continued to climb...
Dollar Gains Slightly as Unemployment Rises Risk appetence suffered a cogent appulse appear the end of this week’s affair afterwards both U.S. and Canada appear austere application figures, banishment investors to yield added...
How the financial crisis could leave Europe even stronger than America. A June report from a Moscow think tank close to the Kremlin described Europe as weak in the face of Russian might, and last year's U.S. National...
Reuters - United Commercial Bank, a big San Francisco bank with branches in China, was closed by state regulators on Friday and its banking operations were acquired by East West Bancorp Inc, also active in both nations.
The figure, revealed by the Treasury, represents £37million – or 2.52 per cent of the total £1.4billion in the market – and is part of an ‘upward trend’ in forgery. Six years ago, one per cent of pound coins were bogus.
by William Pesek on Sunday, 08 November 2009 It’s as provocative an argument as an economist can make: China is stealing jobs. The idea that China is siphoning prosperity from other poor nations using an undervalued currency...
