Tradenews

Universal Reserve Currency is Gaining Momentum – the US Tries to Nip it in the Bud [25 Mar 2009]  
The US President Barack Obama and his top two economic officials have rejected the Chinese proposal to have a relook at a single international currency as an alternative to the US dollar. Zhou Xiaochu  ...More
Tags: universal reserve currency     kazakh president    
Australia Outperformed Rest of Advanced Nations [14 Dec 2009]  
The Australian Treasurer Wayne Swan claimed that his country continued to outperform most other nations even as the impact of the global economic crisis eroded almost all economies. He made this state  ...More
Tags: Australia    economy    ABS    RBA    Reserve Bank    
Chinese Yuan Expanding Rapidly to Become Global Reserve Currency [08 Dec 2010]  
According to the People’s Bank of China, the trade transactions settled between June and November in Chinese currency is to the tune of 340bn yuan ($51bn). In a bid to make yuan a global reserve curre  ...More
Tags: Global Reserve Currency    Yuan    Renminbi    Finance    
Farm Boom Is Leading to Growing Concerns [01 Mar 2011]  
The cure for higher commodity prices is usually higher commodity prices.

The global clamor for corn, wheat, soybeans and other crops has been a stroke of good fortune for the agricultural indus  ...More
Tags: corn    wheat    soybeans    nonfarm wages    Kansas City Federal Reserve    
Government encouraging exports to contain rising CAD [02 Mar 2011]  
Worried over the rising current account deficit, the government today said that it is providing incentives to exporters to encourage overseas shipment to bridge the rising gap.

"We are concern  ...More
Tags: GDP    CAD    Reserve Bank    fiscal deficit