China and Germany, the world’s second-largest and fourth-largest economies respectively, expressed concern about Federal Reserve plans to pump $600 billion into the U.S. economy.
The Fed announced plans to buy $600 billion of assets earlier this week…
Intended or not, the Fed’s quantitative easing policies are destroying the dollar’s value. That’s pushing prices of commodities that Americans need — such as food, cotton and oil — ever higher. And it hurts companies as well …
Australia raised interest rates in a bid to control inflation amid an export boom.
The country’s Reserve Bank raised rates to 4.75 % from 4.5%, surprising most analysts, The Associated Press reported.
Booming demand for Australian minerals from Asian countries including China and South Korea has stoked Australian inflation.
“The risk of inflation rising again over the medium term…
Continue reading Australia Raises Interest Rates to Control Inflation
Australia Raises Interest Rates to Control Inflation originally appeared on DailyFinance on Tue, 02 Nov 2010 06:36:00.
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 vowed it would maintain the supply of rare minerals and said it may boost 2011 exports of the substances.
The Chinese Commerce Ministry denied reports that it would further reduce export quotas.
“China will continue to supply rare earth to the world,” the ministry said in a fax to Bloomberg News.
The minerals are used in products such as electronics, wind turbines and smart…
Continue reading China Vows to Maintain Rare Mineral Supply
China Vows to Maintain Rare Mineral Supply originally appeared on DailyFinance on Wed, 20 Oct 2010 07:22:00.
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