Warren Buffett“A public opinion poll is no substitute for thought.”
Adlin Sinclair“Success is a welcomed gift for the uninhibited mind.”
Rare China trade deficit not seen signaling new trend »
(Reuters) – China will probably run a trade deficit of more than $8 billion in March, state media said on Tuesday, citing Premier Wen Jiabao.
It would be China’s first monthly deficit since April 2004, but is expected to be a one-time blip rather than the start of a new trend for the world’s largest [...]
Google risks China’s ire with slap to censorship »
(Reuters) – Google shut its mainland Chinese-language portal and began rerouting searches to its Hong Kong site, unleashing Beijing’s ire and prompting worry over its prospects in China.
China lost little time in warning Google that its spurning of self-censorship had angered the one-party government, wary of ceding control over China’s 384 million Internet users.
[...]
Lawmakers press for action on China currency »
(Reuters) – President Barack Obama faced growing congressional pressure on Monday to get tough with China over its currency practices, one day after Chinese Premier Wen Jiabao brushed off accusations that Beijing was undervaluing its currency for an unfair trade advantage.
“The impact of China’s currency manipulation on the U.S. economy cannot be overstated. Maintaining [...]
China denies yuan behind U.S. trade gap »
China denies yuan behind U.S. trade gap
(Reuters) – China on Tuesday shunned mounting U.S. demands for a stronger yuan, saying again that its currency is not the cause of its big trade surplus and vowing to keep the currency stable to shore up exports.
Beijing and Washington appear to be locked in a dialogue [...]
Stocks slip amid China, sovereign debt jitters (Reuters) »
SYDNEY (Reuters) –
Asian stocks fell from near seven-week highs on Monday as a currency spat between China and the United States and worries about sovereign debt combined to keep investors away from riskier assets.
Markets were also cautious before U.S. and
later this week. Both are expected to keep
super loose, with a chance of [...]
Asian stocks lower amid spike in China inflation (AP) »
’s weaker growth tempered confidence in the regional economic rebound.
Most markets were modestly higher in the first two hours of trading but reversed course as the latest figures raised doubts about the outlook for major economies.
fell below $82 a barrel amid signs of tepid U.S. crude demand and the dollar lost ground against [...]
Asia stocks dip on China tightening fears, yen up »
Asia stocks dip on China tightening fears, yen up
(Reuters) – Asian stocks fell on Thursday as investors worried strong loan growth and quickening inflation in China would spur Beijing to tighten monetary policy sooner than expected, while the yen rebounded against major currencies.
European equities were set track Asia lower, with financial spreadbetters expecting [...]
Asia stocks dip on China tightening fears, yen up (Reuters) »
to tighten monetary policy sooner than expected, while the yen rebounded against major currencies.
European equities were set track Asia lower, with financial spreadbetters expecting Britain's FTSE 100 (.FTSE), Germany's DAX (.GDAXI) and France's CAC 40 (.FCHI) to fall as much as 0.5 percent.
(.MIAPJ0000PUS) shed 0.5 percent, retreating from a seven-week high touched before [...]
China banks absorbed $170 billion FX swaps in ‘09: report »
Chinese commercial banks absorbed about $170 billion in foreign exchange from the financial system last year, mainly through yuan-dollar swaps, state media on Wednesday cited a former official as saying.
The Shanghai Securities News cited Xu Shanda, former deputy head of the State Administration of Taxation, as saying that the State Administration of Foreign Exchange [...]
USD mixed ahead of Bernanke, China tightens »
USD mixed ahead of Bernanke, China tightens
Wed, Feb 24 2010, 14:39 GMT
The USD is trading mixed ahead of today’s testimony by Fed Chairman Bernanke before Congress with the commodity currencies pressured by report that China told its banks to restrict new lending to local governments, the EUR rebounded supported by report [...]