G20 unity spells end of Brown’s ‘New Deal’
Gordon Brown’s plans for a $2 trillion (£1.4 trillion) “New Deal” to revive the global economy have been quietly dropped to preserve the facade of unity as world leaders gather in London for the G20 summit. The US and Britain have both backed away from spending proposals worth 2pc of global GDP, accepting that each [...]
March 30, 2009
Tags: china, consolidate debt loans, Credit Crunch, G20 Posted in: Uncategorized 
No Comments
Thanksgiving Day Holiday in the US
US holiday will leave the markets desperately thin this afternoon with complete closure of their fixed interest and equity markets plus there being no Dollar cash settlement today. Yesterday saw a bit of an up and down day on the stock markets with the US indices ending higher at the close on bargain hunting for [...]
November 27, 2008
Tags: china, consolidate debt loans, UK loans rates, uk recession Posted in: Uncategorized No Comments
China trade imbalances acknowledged
Chinese Premier Wen Jiabao pledged on Monday to resolve trade imbalances after the country’s surplus hit a record high in October, and to work to let the yuan move more freely. A stronger yuan would make Chinese exports more expensive overseas. Wen said China will work to “increase (the currency’s) flexibility and gradually make the [...]
November 20, 2007
Tags: china, falling interest rates Posted in: Uncategorized No Comments
China worries mortgage calculators
The mortgage market’s renewed weakness was sparked by comments from Cheng Siwei, vice chairman of China’s National People’s Congress, who suggested China will diversify some of its $1.33 trillion (£660bn) of foreign-exchange reserves. Mr Siwei told a conference in Beijing: “We will favour stronger currencies over weaker ones, and will readjust accordingly.” Besides sterling, the [...]
November 8, 2007
Tags: china, Credit Crunch, mortgage calculator Posted in: Uncategorized No Comments
China worries loan calculator market
The intensified tension followed China’s stance to decline an invitation to take part in the G7 talks which are to be held in the US. This seems to be tit-for-tat retaliation against the Americans complaint to the World Trade Organization over arguments about intellectual property rights and China’s restrictions on foreign book and film sales. [...]
April 11, 2007
Tags: china, ECB Posted in: Uncategorized No Comments
Financial Markets take Massive hits
Durable goods orders dropped 7.8 percent in the month of January, which was the largest decline in 3 years due mainly to civilian airline orders helping to push orders for non-defense goods. Orders which are heavily skewed by aircraft fell by 3.1% in January following a downwardly revised 2.8% gain in December. Even though consumer [...]
February 28, 2007
Tags: china, FED, inflation Posted in: Uncategorized No Comments
