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Trades reveal China shift from dollar

China began diversifying away from the US dollar in earnest in the first four months of this year, most likely by buying far more European government debt than US dollar assets, according to estimates from Standard Chartered Bank.

22 2011 | Viewed: 1 013 | Analytics | Read full
Change in China Hits U.S. Purse

For more than a decade starting in the early 1990s, U.S. inflation declined as low-wage workers in China and other developing nations joined the global economy and produced a tide of cheap goods that washed onto U.S. shores.

22 2011 | Viewed: 544 | Analytics | Read full
Rare earth prices soar as China stocks up

Prices of some rare earth metals have doubled in just three weeks amid heavy stockpiling in China that has raised fears over global supplies.

22 2011 | Viewed: 515 | Analytics | Read full
US banks to cut Treasuries use

Some of Wall Street's biggest banks are preparing to cut their use of US Treasuries in August as a precaution against any turbulence that could follow if warring Republicans and Democrats fail to increase soon the US debt ceiling, a senior bank chief said.

14 2011 | Viewed: 578 | Analytics | Read full
Shares of big banks could rise 25 percent: Barron's

Shares in big banks like Bank of America (BAC.N), Citigroup (C.N) and Goldman Sachs (GS.N) are undervalued due to economic and regulatory concerns and could rise more than 25 percent in the next year, according to financial weekly Barron's.

14 2011 | Viewed: 439 | Analytics | Read full
The Great Property Bubble of China May Be Popping

BEIJING - After years of housing prices gone wild, China's property bubble is starting to deflate.

10 2011 | Viewed: 743 | Analytics | Read full
Chinese official warns on dollar assets

China is running a major risk in holding so many dollars because the US may deliberately devalue its currency, a senior Chinese official has warned.

10 2011 | Viewed: 692 | Analytics | Read full
Chinese Companies Embark on Shopping Spree in Europe

BRUSSELS - The chairman of China's biggest food company was blunt. "We need to buy a top-three European food company," - Wang Zong Nan told two consultants over Sunday brunch at a downtown Sheraton hotel here.

8 2011 | Viewed: 543 | Analytics | Read full
Is China bubble now an anti-China bubble?

Sino Forest is the latest company to exemplify what is fast becoming a truism: if a company has Sino or China in its name and was listed abroad via a reverse takeover, shorting it might be a very profitable play.

6 2011 | Viewed: 489 | Analytics | Read full
China economist predicts yuan may stop rising after 2-3 years

The Chinese yuan's steady appreciation could come to an end after two or three years, and the central bank is more likely to use quantitative measures rather than interest rates to check inflation, a former adviser to the central bank said in remarks published on Friday.

6 2011 | Viewed: 625 | Analytics | Read full
Moody's Puts Japan Debt on Review

TOKYO-Moody's Investors Service said Tuesday it was placing Japan's sovereign debt on review for a possible downgrade, as the government continues to struggle over fiscal consolidation and how to finance reconstruction from the March 11 disasters.

6 2011 | Viewed: 611 | Analytics | Read full
Libya sovereign fund suffers big losses

Libya lost billions of dollars on sophisticated financial products sold to Muammer Gaddafi's sovereign wealth fund by some of the world's leading financial institutions, according to a confidential Libyan government document.

27 2011 | Viewed: 550 | Analytics | Read full
Corporate finance: Rivers of riches

Feike Sijbesma has a dilemma.

25 2011 | Viewed: 585 | Analytics | Read full
Status in a bottle, whisky takes off in China

Darren Hosie knows all the best bars on Shanghai's historic Bund.

25 2011 | Viewed: 460 | Analytics | Read full
World Bank sees end to dollars hegemony

The World Bank expects the US dollar to lose its solitary dominance in the global economy by 2025, as the euro and the renminbi establish themselves on an equal footing in a new "multi-currency" monetary system.

23 2011 | Viewed: 574 | Analytics | Read full
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