China is still under pressure to allow its currency, the yuan, to find its own level, in order to ease inflation and to prevent the economy from overheating.
The World Bank is now urging the Chinese Government to allow the yuan, which is also referred to as the renminbi, to strengthen against other international...
Posted to
Finance
on 06-18-2010
Filed under: All Financial News, Economy News, inflation, interest rates, currencies, World Bank, Yuan, China, reform, ease, strengthen, overheating, allow, find, own level
British insurance giant Prudential has failed to renegotiate the price of its takeover of AIA, the Asian arm of US company American International Group (AIG).
The deal now looks set to collapse after AIA snubbed the lower price tag of $30.375 billion.
It emerged last week that the Pru, which is Britain...
Posted to
Finance
on 06-01-2010
Filed under: All Financial News, currencies, deal, Insurance News, shares, Prudential, Company News, collapse, fail, rights issue, takeover, Asia, lower, AIA, snub, price tag
Prime minister can show how his economic judgment prevented the UK from being embroiled in current Greek debt crisis Alright, I think we're all agreed that Gordon Brown made an ungracious and revealing error in Rochdale yesterday. Let's move on to an issue, equally topical and far more important...
Posted to
Economics
on 04-29-2010
Filed under: Politics, Economic policy, Blogposts, guardian.co.uk, Economics, Gordon Brown, Currencies, Euro, debt crisis, General election 2010
The euro continues to lose value as investors remain concerned about a solution for Greece’s fiscal problems.
The currency fell to a record low of 1.4232 francs on trading platform EBS, while falling to an all-time low against the Australian dollar to $1.4654.
Against the US dollar, it fell to $1.3459...
Posted to
Finance
on 03-24-2010
Filed under: All Financial News, fall, currencies, Debt News, deficit, euro, investors, reduce, debt crisis, Greece, EU summit, nervous