Chinese Premier Wen Jiabao pledged Monday to resolve trade imbalances after the country's surplus hit a record high in October and work to let the Yuan move more freely.
China's banking regulator has ordered commercial banks to strictly control the granting of new loans for the rest of the year in an attempt to prevent overshooting this year's lending growth target and overheating the world's fourth economy.
As had been anticipated earlier in the week economic activity in Argentina expanded 9.1% in September compared to a year ago, accumulating 8.5% in the first nine months of 2007, according to a Thursday release from the Statistics and Census Institute, Indec.
Argentina's government announced Thursday it will raise taxes on the country's gasoline and petroleum exports and their derivatives in an effort to contain domestic fuel prices.
A strong' US dollar is in the US interest and it 'goes without saying' that the currency's value should be set by currency markets, US Treasury Secretary Henry Paulson said on Friday ahead of this weekend's G20 meeting in South Africa.
Chinese spending on factories, roads and other fixed assets has risen by 27% this year suggesting official efforts to restrain the economy are failing and a new hike in interest rates can be expected.
The US Federal Reserve will make four economic forecasts each year, up from the current two, which will include more information on overall inflation projections, chairman Ben Bernanke said Wednesday.
The US dollar will remain the main currency for China's massive foreign reserves despite earlier suggestions that the weakening greenback weighed too heavily, a senior Chinese central bank official said here Wednesday.
The US dollar's weakness has benefits for global imbalances, but fund inflows to the United States could shrink if the gap between U.S. and Euro-zone interest rates reverses, warned Bank of Japan board member Atsushi Mizuno.
Argentina's natural gas supply restrictions to the Chilean extreme south region of Magallanes forced a drastic collapse of economic activity and exports, during the third quarter according to official data from the Santiago Statistics Office, INE.