The search giant may use its vast database of Web-shopping data to construct a daily measure of inflation called the Google Price Index, or GPI. It can be calculated much quicker than the official CPI, but it covers only what c…
China ordered state-owned banks to limit lending as it moves to control inflation and prevent a credit bubble.
The Chinese government told the six largest state-owned banks to increase their reserves to 17.5% of deposits from 17%, The Associated Pres…
Recent reports show that several banks have begun advising their wealthiest individual clients to put as much as 10% of their assets into the precious metal. And some are stocking up by the ton.
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How can investors earn double-digit returns? According to bond guru Bill Gross, they probably can’t: “A future of low investment returns, and a heap of trouble for those expecting more, is what lies ahead,” Gross warns in his l…
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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