, Yuan Band Move Indicates Improvements in the Economy
The doubling of Chinese Yuan trading band indicates official buoyancy in the strength of the economy’s expansion and suggests that the dismissal of Bo Xilai from the communist party leadership has not hampered the policymaking. The change that took effect Monday has added to Jim O’Neill’s confidence in a soft landing.
, Venezuela Prepares to Nationalize its Gold Industry
In a move aimed at halting illegal mining as well as boosting the country’s gold reserves, Venezuelan President Hugo Chavez has announced plans of …
, Why China is trying to slow down its off-the-charts economy…
While developed economies like USA, Europe and Australia with current GDPs of 3.1%, 0.3% and 0.7% respectively (according to tradingeconomics.com), are desperately trying to …
