Egypt unrest has caused deep concern globally. The Dow Jones Industrial Average fell 166.13 points, or 1.4%, to 11823.70, the worst one-day performance for the blue-chip index since
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- Month: January 2011
Japan’s sovereign credit rating downgraded to AA-
Japan’s government bonds fell after the nation’s sovereign credit rating was downgraded by Standard & Poor’s, the first cut since 2002. Benchmark 10-year bonds erased gains and the
China GDP Expands 9.8%, Gold Rally isn't endless
China’s economy expanded unexpectedly in the last quarterly of 2010, GDP grew 9.8%, up from 9.6% in the previous quarter. Despite a series of tightening measures, the growth
Euro Debt Update
Last week, Portugal’s debt auction was a success as Portugal managed to sell 1.25 billion euros of government bonds. This auction was 3.2 times oversubscribed thus easing concerns
China Central Bank Raises Reserve-Requirement Ratio
BEIJING—China’s central bank said Friday it will raise banks’ reserve-requirement ratio by half a percentage point, following six such increases last year, in the government’s latest move to
Singapore curbs Property Speculation, Again
Singapore raise down payment requirements for second mortgages and extend the period homeowners must hold properties to avoid a sales tax as it steps up efforts to curb
Global Food-Price Index Hits Record High, What you should have done
“A prominent indicator of international food prices hit a record high in December, sounding a warning about looming threats to the world’s poor and to global growth. “The
Warren Buffett beats S&P 500 in 2010
Shares of Warren Buffett’s Berkshire Hathaway (Class A) have finished the year with a gain of 21.4 percent for 2010, far outperforming the benchmark S&P’s 12.8 percent gain,