A bill, passed by the U.S. House of Representatives Wednesday, would let U.S. companies petition for duties on Chinese imports — a move that would hurt the global economy if it became law, the Chinese government said.
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The Swiss franc has been a top currency over the past six months, outpacing the dollar by 8.9% and the euro by 7.8%, thanks to shaky conditions in Europe. But some signs suggest the Swiss currency is due for a correction.
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Asian economies will grow by 8.2% in 2010, according to a new report.
“Strong export recovery, robust private demand, and the sustained effects of stimulus policies allowed the region to experience solid growth in the first half of 2010,” The Asian Development Bank said. “This improved performance is broad-based and is projected to carry on for the rest of the year.”
The bank…
Continue reading Asian Economies to Grow by 8.2% in 2010
Asian Economies to Grow by 8.2% in 2010 originally appeared on DailyFinance on Tue, 28 Sep 2010 08:29:00.
Filed Under: Economy, Investing, Currency, Market News
A jump in government spending helped fuel the UK’s economic growth in the second quarter, the country’s Office for National Statistics said.
Government spending grew 1% in the quarter, the fastest rate in over a year, Bloomberg News reported. This contributed to economic growth of 1.2% for the quarter.
The Conservative-led coalition government is preparing tax increases and budget…
Continue reading Increased Government Spending Fuelled UK Economic Growth
Increased Government Spending Fuelled UK Economic Growth originally appeared on DailyFinance on Tue, 28 Sep 2010 07:45:00.
Countries from Japan to Brazil and Mexico to Malaysia are trying to intervene in currency markets to alter the value of their currency. The widespread dependence on exports is the prime reason for these moves, which can be tric…