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US Federal Reserve
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Beijing Stores Cut Gold Prices on Slump
Oct 11, 2016The biggest weekly slump in the global gold price led Beijing's gold stores to cut their prices for the first time this year. The price in Beijing declined by 10 yuan ($1.5) per gram on Sunday. This was the first cut, following six earlier ...
Tags: Gold, Gold Prices
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China's Economy Transitioning Not Derailing
Jan 22, 2016China's economy is going through a series of historic transitions, and recent short-term market volatility will prove temporary, experts attending the World Economic Forum (WEF) Annual Meeting 2016 said on Thursday. The Chinese government ...
Tags: Economy Transitioning, Economy
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China Sees Forex Reserves Decline by US$87.2 Bln
Dec 8, 2015China's foreign exchange reserves, the world's largest, fell by US$87.2 billion in November to US$3.44 trillion, central bank data showed yesterday, the lowest level since February 2013 and the third largest monthly drop on record. ...
Tags: Forex Reserves, foreign exchange
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Gold Hits Three-Month Low Under $1,100/Oz on Strong Dollar
Nov 10, 2015Spot gold was trading at three-month lows Monday morning, below $1,100/oz on COMEX for the first time since August on a strong US dollar, boosted Friday by strong US jobs data. Data showed Friday 271,000 new jobs were created in the US in ...
Tags: Gold, US economy
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The Recovery of Euro Zone Economy
Nov 3, 2015In order to breath life into the flagging euro zone economy and fending off deflation, The European Central Bank is poised to announce a plan to buy government bonds, resorting to its last big policy tool. Market expectations are sky-high ...
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'Global Economic Growth in Next 2 Years to Remain Muted'
Aug 19, 2015Global economic growth will be muted over the next two years, Moody's Investors Service has said in a quarterly report. According to the report titled “Global Macro Outlook 2015-16: Risks to muted global growth from Chinese asset ...
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Europen Dramatic Monetary Policies Likely to Create Hot Money Inflow Into China
Mar 3, 2015Dramatic monetary policies in Europe have lots of potential to create a new surge of hot money inflow into China, says Simon Derrick, chief currency strategist at the Bank of New York Mellon. Hot money is speculative money that flows ...
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China's New Yuan Loans Rise in January
Feb 23, 2015The Chinese currency has seen sharp volatility against the US dollar this week as a strengthening dollar stokes worries of the yuan's depreciation. The yuan continued to decline against the dollar on Wednesday with its spot exchange rate ...
Tags: China's New Yuan, Chinese currency
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Bitcoin Exchange MtGox Faced Massive Hacker Offensives Last Month
Mar 9, 2014Bitcoin exchange MtGox faced massive hacker offensives last month, coming under some 150,000 DDoS attacks per second for several days ahead of its spectacular failure, a report said Sunday. The Tokyo-based exchange, which filed for ...
Tags: Bitcoin, Consumer Electronics
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Reforms Will Impact Sovereign Ratings and Growth Prospects of Developing Asian Economies
Jan 22, 2014China's economic reform is one of the key issues that will impact sovereign ratings and growth prospects of developing Asian economies this year, according to a global credit rating agency. In its latest reports "2014 Outlook: Emerging ...
Tags: Sovereign Rating, economic reforms
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China Posted The Fastest Growth in Importing Philippine Merchandise in November Last Year
Jan 15, 2014Among the main trading partners of the Philippines, China posted the fastest growth in importing Philippine merchandise in November last year, although it remained as the country's third largest export market, after Japan and the United ...
Tags: Philippine Exports, export market
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This Year The Eurozone Will Experience Annual GDP Growth for The First Time Since 2011
Jan 9, 2014This year the Eurozone will experience annual GDP growth for the first time since 2011, but at just 0.9% the growth will not be strong enough to support a level of uplift in financial services that will drive further economic recovery ...
Tags: Eurozone Financial Services, Business Lending, Financial Services
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Gold Price Fell Below $1200
Dec 23, 2013The price of gold slumped below $1200 an ounce last Thursday, the lowest in more than 3 years, after the US Federal Reserve pulled back on its stimulus program, Xinhuanet.com reported. Though the price of gold has tumbled nearly 30% in ...
Tags: Gold, Gold Price, Economy
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China Must Make Sure That Talent and Bright Ideas Are Matched with Access to Credit
Oct 30, 2013Judging by the designer shoes this young Chinese entrepreneur is sporting, his business, a cozy Italian restaurant in an upscale Shanghai neighborhood, must be doing rather well. The new car parked outside reinforces that observation. On ...
Tags: Bank Loans, Innovation
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The German Economy Is on The Verge of an Upturn Driven by Domestic Demand
Oct 29, 2013The German economy is on the verge of an upturn driven by domestic demand. The improving global economic climate and decreasing uncertainty are fuelling investment. Private consumption is benefitting from favourable employment and income ...