Markets End Week in the Red as Debt, Korea Weigh
On the continent, EU markets all finished in the red on Friday, lacking impetus after Wall Street remained closed on Thursday in celebration of Thanksgiving and many US investors stayed away from the half trading session on Friday.
China's offshore yuan market grows up quickly
China's offshore yuan market has grown at a breakneck pace in the past few months, the result of heavy demand for a currency expected to steadily appreciate.
Oil Creeps Above $84 In Holiday Trade
Oil prices edged higher above $84 a barrel Thursday, stretching prior-day gains. Trade volume was thin on accountof the Thanksgiving holiday in the US.
Ireland: What To Watch
This week Ireland's government released its four-year austerity plan to rein in its billion-dollar budget deficit. The country released the plan to receive a bailout loan from the European Union and the International Monetary Fund. But some say t
China, Russia Quit Dollar
The two countries were accustomed to using other currencies, especially the dollar, for bilateral trade. Since the financial crisis, however, high-ranking officials on both sides began to explore other possibilities.
U.K. Export Growth Help Economy Expand at 0.8% Pace
U.K. export growth helped the economy extend its recovery in the third quarter as growth in consumer, government and investment spending slowed by more than half.
China, Russia quit dollar on bilateral trade
China and Russia have decided to renounce the US dollar and resort to using their own currencies for bilateral trade, Premier Wen Jiabao and his Russian counterpart Vladimir Putin announced late on Tuesday in St. Petersburg.
The World Market for Animal or Vegetable Fertilizers: A 2011
On the demand side, exporters and strategic planners approaching the world market face a number of questions. Which countries are supplying animal or vegetable fertilizers? What is the dollar value of these imports?
Cotton Slumps to Four-Week Low on China Growth, Indian Plant
Cotton declined to a four-week low in New York and futures in Zhengzhou fell on speculation that global demand will decline as China, the biggest importer, takes steps to slow growth and as planting expands in India.
Canada urged to cut budgets, keep rates low
Canada should concentrate on cutting government budget deficits and leave interest rates low to encourage private investment.
NZ urged to harness foreign investment
But that recovery required a rebalancing in developed economies, including New Zealand, away from debt-funded consumption towards higher savings.
Weak Dollar Could Boost Oil
As a result, black gold, which is traded in dollars, is expected to become cheaper and hence more attractive to foreign investors.


