Analysts lately have loudly proclaimed the end of the dollar, leaving investors looking to stay ahead with a choice of betting on stocks, which have 17% fallen in the last decade, or staying “safe” in very low-yield money marke…
China’s economy grew at an annual rate of 9.6% of the third quarter, slightly ahead of expectations.
The economy’s vigorous growth comes as Chinese policy makers grow increasingly concerned about rising prices. Inflation accelerated to an annual rate…
China surprised international markets Tuesday by raising key interest rates for the first time in three years. The move sparked a worldwide sell-off on worries that it could cause the Chinese economy to slow down.
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China hiked its interest rates for the first time since 2007 in a bid to combat rising inflation.
The People’s Bank of China raised its one-year deposit rate to 2.5% from 2.25%, while the lending rate rose to 5.56% from 5.31%, Bloomberg News said.
Inflation rose to 3.5% in August, highlighting the risk of an overheating economy. China, the world’s second-largest economy, grew at an…
Continue reading China Raises Interest Rates For First Time Since 2007
China Raises Interest Rates For First Time Since 2007 originally appeared on DailyFinance on Tue, 19 Oct 2010 08:02:00.
Filed Under: Economy, Currency, Market News
The U.S. will not weaken the dollar in order to boost its exports, Treasury Secretary Timothy Geithner promised. “It is not going to happen in this country,” Geithner told Silicon Valley business leaders of devaluing the dollar…