China’s vast foreign exchange reserves showed on Friday their first quarterly drop since 1998. The decline was partly attributed to a slowing Chinese economy and capital outflows amid worldwide econ...
Argentina will enforce new restrictions on consumer goods’ imports by February in an effort to remedy its retreating trade surplus, according to a resolution published by the Revenue Office. The new...
Chinese Premier Wen Jiabao is scheduled to start a six day visit to the UAE, Qatar and Saudi Arabia to discuss the country’s energy policy, China’s foreign ministry said late on Tuesday. During th...
Japan’s central bank has announced that it has already done enough to combat deflation, brushing off yet another call for more action from the ranks of the ruling party. Bank of Japan Deputy Gov...
Swiss National Bank chair Philipp Hildebrand resigned late on Monday over a controversial personal foreign currency trade undertaken by his wife. Hildrebrand’s wife Kashya had switched SFr400,000 in...
India’s Prime Minister, Manmohan Sing, on Sunday slashed a previously set forecast for the country’s economic growth rate to seven percent, down from 8.5 percent a year ago. The country was initia...
China’s banking regulator has told commercial lenders to restrict new credit they provide to local governments’ financing vehicles, to ward off potential risks of default, state media reports. The...
Samsung Electronics, the world’s biggest consumer electronics group by sales, on Friday reported all-time-high quarterly profits for the October to December period despite the slowing global economy...
US prosecutors late on Tuesday charged three Swiss bankers with conspiring to help US citizens evade over $1.2bn in assets from the IRS. The filed indictment, which refers to ‘Swiss Bank A’ only, ...
Land sale revenue across 130 Chinese cities has dropped 13 percent year-on-year in 2011 to ¥1.86trn, said property research group China Index Academy late on Wednesday. In contrast, countrywide land ...