“The three nations are major traders, and together accounted for 19.6 per cent of global gross domestic product and 18.5 per cent of exports in 2010, according to a feasibility study issued by their governments last year on the trade pact.” ““China is the biggest trade partner of both Japan and South Korea. A free-trade…
“This confirms that inflation is trending down and that the policy focus will remain on promoting growth,” Zhang Zhiwei, China economist at Nomura in Hong Kong. Company & Finance News from Hong Kong & China | Hong Kong Business News | SCMP.com
IMF head is asking indebted countries to reduce deficit slowly. “Christine Lagarde said in a speech in Zurich that steep cuts tend to slow an economy, particularly if a nation is already suffering from weak growth.” French President-in-waiting, Francois Hollande, is going to put France on a new course. “Europe is watching us, austerity can no…
The UK economy is in the midst of a double dip recession – its first since 1975. “The UK economy has returned to recession, after shrinking by 0.2% in the first three months of 2012.” UK manufacturing is slowing down drastically increasing fears for growth. Despite this Prime Minister Cameron does not plan to abondaon austerity…
Start of Quantitative Easing. On Tue November 25, 2008 Federal Reserve announced the purchase of direct obligations of housing-related government-sponsored enterprises. The program included the purchase of up to $100 billion in GSE direct obligations and purchase of up to $500 in MBS. The S&P500 closed at 851.81 on Nov 24, 2008 (the low was…
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