China's economic growth in 2011 will probably be marginally weaker than economists had expected three months ago as the government maintains its curbs on credit growth, according to a Reuters poll. The normalisation of monetary policy will meet its objective in keeping a lid inflation, the poll also showed. The median forecast of 27 analysts
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Oil rose for a second day on Thursday, approaching five-month highs, dragged higher by a broad-based rally in commodities as investors dump the dollar in a flight to value-preserving assets. U.S. crude for November climbed 74 cents to $83.75 a barrel by 0308 GMT, approaching last week's peak of $84.43, the highest since May 4,
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The U.S. dollar tumbled to a 10-month low on Thursday after Singapore unexpectedly tightened policy to let its currency rise, lifting Asian stocks and copper to two-year peaks and gold to a record high. The dollar's decline against a basket of major currencies and to near parity against the Australian dollar underlined global currency tensions
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Euro zone members Slovenia and Cyprus said on Wednesday they were concerned by the recent appreciation in the value of the euro and its impact on competitiveness and exports from the single currency bloc. "The level of the euro, the recent appreciation … is hindering our exports and competitive position," Finance Minister Charilaos Stavrakis told
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European shares touched a three-week high on Wednesday, after the minutes of the U.S. Federal Reserve suggested it was closer to introducing fresh stimuli to the economy. Technology shares featured among the top performers after Intel, the world's largest chipmaker, forecast strong fourth-quarter sales and margins. Profit beating results from Dutch chip-equipment maker ASML ,
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Moody's Investors Service has raised the outlook to stable from negative on the B3 long-term foreign currency deposit ratings of 14 Ukrainian banks. The outlook on three banks' outstanding foreign currency debt ratings of B1 has also been changed to stable from negative. These rating actions have been prompted by the recent change in outlook
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The European Commission approved on Monday a grant of EUR 3 mln to continue financial support from the European Union to the Committee of Missing Persons (CMP). This follows previous contributions of EUR 3,5 mln and makes the EU the largest single donor in support of the CMP. The work of the Committee on Missing
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— “Fee hike won’t affect Cyprus students” — Cap to rise from GBP 3,300 to 7,000 The British government gave broad backing on Tuesday to plans to increase the amount students pay for university tuition, but said it would listen to suggestions before drawing up final plans. "The government endorses the main thrust of the
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Japan went on the offensive as currency tensions escalated, charging on Wednesday that South Korea's leadership of the G20 could be called into question because of Seoul's regular intervention to stem the won's rise. Group of 20 finance ministers will meet in South Korea from Oct. 22 and its leaders gather in Seoul next month
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The first of Chile's 33 trapped miners were hoisted to safety in a capsule barely wider than a man's shoulders on Wednesday, cheering, punching the air and hugging their families after two months deep underground. Rescuers, relatives and friends broke into jubilant cheers as father-of-two Florencio Avalos emerged on the surface to breathe his first
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