CHINA

Australia, New Zealand dollars at fresh lows on EU debt concerns; China, EU officials watched

President of Deutsche Bundesbank Axel Weber answers journalists questions
Concerns over Europe's debt risks felled Australian and New Zealand dollars - Asia Pacific's major risky currencies - on Monday, while growing fears that China may raise rates further dampened the sentiment. Market is keen on any fresh developments from Europe, with many important EU officials, including Alex Weber of ECB, scheduled to speak on the first day of the Euro Finance Week held November 15-19 in Frankfurt, Germany.
IBTimes Logo

Gold's bull market isn't anywhere near over

Gold registered new all-time highs over and over again in the past few weeks and hit a record high of $1424.30 on Tuesday as investors stepped up buying the yellow metal as an effective tool to avoid the risks of inflation and the uncertainties in the global economy.
More news
U.S. President Barack Obama (C) shakes hands with China's President Hu Jintao as they walk next to other world leaders during the family photo session at the G20 Summit in Seoul November 12, 2010.

China and U.S. take center stage

A major question emerging here in Seoul on the final day of the G-20 Summit, as world leaders personally powwow on global dilemmas, is this: Can the U.S. and China play nice?
IBTimes Logo

Top Pre-Market NASDAQ Losers (DVOX, LLEN, CCME, FUQI, GMCR)

The top pre-market NASDAQ stock market losers are: Dynavox, L & L Energy, China MediaExpress Holdings, Fuqi International, Green Mountain Coffee Roasters, Mentor Graphics, American Capital Agency, Ascent Solar Technologies, Solarfun Power Holdings, and Power-One.
Silver and Gold/Silver Ratio - 1994-2010 Nov

Silver outshining gold is old story, technicals project

A study on charts shows that silver may not continue to enjoy the status of being better investment alternative over gold in the short-to-medium-term period. And not only that, any correction in both the metals will happen with the white metal falling much steeper than its yellow counterpart.
G20 leaders stand for a group photo at the COEX convention center in Seoul on November 12, 2010.

G20 Comes Up Short On Action, But Leaders Hope For More

Leaders at the G20 spent as much time promoting the process itself as the real accomplishments of the summit. Most said that while there was little in the way of concrete rules, there were a number of steps in the right direction.
France's President Nicolas Sarkozy gestures as he addresses a news conference during the G20 summit in Seoul, November 12, 2010.

Monetary reforms are coming, Sarkozy says

France and the International Monetary Fund will work together to develop criteria for the establishment of an international monetary mechanism to establish equity among currencies, and will have something tangible to present to the G-20 nations, and the rest of the world, next year, said French President Nicolas Sarkozy, in a press briefing at the close of the Seoul G-20 Summit.
IBTimes Logo

Who is Obama's friend in G20?

Replying to a question whether his relationship with other G20 leaders suffered because of some electoral setbacks back home, he said his relationship with some of the leaders was far better now than two years ago when he first took over the office.
Is it fair for Brazil to brand the U.S. along with China as a currency manipulator?

Brazil: Developing Countries Got More Say, China Went Along

Brazilian Finance Minister Guido Mantega touted the voice developing nations had in the G20 process and getting the Chinese delegation to change its mind. But he was hit with tough questions about the G20 process and whether it made any real difference to the world economy.
U.S. President Barack Obama speaks at a news conference at the G20 Summit in Seoul, November 12, 2010.

G20 progress not fast enough: Obama

U.S. President Barack Obama said the G20 economies have been successful in putting the world economy back on the path of recovery, but admitted that the progress was not fast enough as expected, especially in creating more jobs.
China's President Hu Jintao (L) talks with German Chancellor Angela Merkel as they arrive at the National Museum of Korea for dinner in Seoul November 11, 2010, on the first day of the G20 Summit. World leaders are gathering in Seoul on Thursday and Frida

G20 declares currency war over but challenges remain

The leaders of the G20 countries completed their summit in Seoul, South Korea with an agreement to push for “market-determined” currency exchange rates, to enhance exchange rate flexibility, and to establish a timetable to lay out “indicative guidelines” for global economies to confront trade imbalances by the first half of next year.
Analysis: China's public housing push takes edge off clampdown

China set to grow 8 pct a year; reforms needed for inclusive growth

The People's Republic of China (PRC) is set to grow at an annual average rate of 8 percent for many years to come, but the country needs to carry out broad structural reforms to ensure that prosperity is shared by all, a leading PRC investment official said on Friday.
6. The G20 Summit

Opinion: G20 verdict... as expected

The G20 statement differs little from [that of ] the October meeting. The statement calls for market-determined exchange rates, gradual adjustments in imbalances and condemns trade protectionism
South Korea's President Lee Myung-bak (2nd L) and his wife Kim Yoon-ok (L) greet Brazil's President Luis Inacio Lula da Silva and President-elect Dilma Rouseff (R) as they arrive at the National Museum of Korea for dinner in Seoul November 11, 2010, on th

G20 leaders enter final innings of summit

There has been “big progress” in the negotiations between world political leaders as they seek to hammer out an agreement and compromise on major economic issues on the final day of the G20 summit in Seoul, South Korea.

Pages

  • Promoted

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.