Wall Street began Tuesday, after a bad run downward.The operators are considering the interventions Fed officials, pending its chairman Ben Bernanke who will speak in Atlanta, Georgia. The DJIA is currently 0.65% to 12,169 pts, while the Nasdaq gained 0.61% to 2719 pts. Richard Fisher, president of the Dallas Fed, confirmed on Tuesday its opposition to a [...]
Jun 7 2011 | Posted in
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China’s central bank announced Tuesday an increase in interest rate benchmark by 25 basis points, a measure to contain inflation and limit the volume of bank loans. As of Wednesday, the borrowing rate at one year and pay deposits are collected each year by 25 basis points, or 0.25 percentage point respectively to 6.06% and [...]
Feb 8 2011 | Posted in
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LONDON (Reuters) – Base metals fell on Monday dispelled hopes that European officials have taken quick action to bolster a fund to rescue the euro zone, while the physical market was quiet before the Lunar New Year. Benchmark copper on the London Metal Exchange (LME) was quoted at $ 9,609 at 1106 GMT, down from 9,650 [...]
Jan 17 2011 | Posted in
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The stable peso opened Monday at a meeting at which the market expects a slight appreciation of local currency by the strength in copper prices, sending the country’s main, and the overall weakness of the dollar. At the opening from 8.30 am local time (1130 GMT), the peso traded at 489.00 to purchase units and [...]
Jan 17 2011 | Posted in
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New York, Dec 14 (EFE) – The U.S. Federal Reserve (FED) today held its controversial monetary stimulus plan of 600,000 million dollars and left interest rates below 0.25 percent, which was greeted with relief on Wall Street. Although it was foreseeable that the U.S. central bank would not approve any change of address at its [...]
Dec 15 2010 | Posted in
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BEIJING – China’s exports rose 34.9% in November, compared with a year earlier, reaching $ 153.33 billion. Imports had increased by 37.7%, totaling U.S. $ 130.43 billion, driven by domestic demand. The numbers were passed by the General Administration of Customs of the country and reported by the Chinese Xinhua news agency. Statistics from the body in [...]
Dec 10 2010 | Posted in
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LONDON – The prices of copper futures closed higher, receiving support from the continuity of the mine strike in Chile’s Collahuasi and comments from Federal Reserve Chairman (Fed, the U.S. central bank), Ben Bernanke, saying the central bank can offer further support to the U.S. economy if necessary. Nevertheless, prices of other base metals ended [...]
Dec 7 2010 | Posted in
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Washington, Nov 23 2010 (AFP)-The Federal Reserve has significantly reduced its substantial growth in electronic previous of next year, according to estimates published on Tuesday, including an unemployment rate higher than the expected. Fed officials now estimate that U.S. GDP growth should be between 3.0% and 3.6% in the fourth quarter of 2011 at an [...]
Nov 23 2010 | Posted in
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The stock markets in the United States began operations on Tuesday in sharp decline, reacting to news coming from the North and South Korea and Ireland. Soon after opening, the Dow Jones fell 1.07% to 11,059.00 points while the SP 500 was devalued by 1.18% to 1183.50 points. The Nasdaq yielded 1.02% at 2128.90 points. The upward [...]
Nov 23 2010 | Posted in
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Beijing (EFE) .- China pledged on Monday that it has the capacity and conditions to control inflation, which in October reached a record rate of 4.4% in 25 months, In a statement posted Monday on the cover of “People’s Daily, the National Development and Reform, the main economic planning body in the country, says it [...]
Nov 22 2010 | Posted in
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