Posts

Showing posts with the label RTTNews Forex Top Story

RTTNews Forex Top Story: Chinese Cabinet Urges Implementation Of Policy Reforms To Boost Growth

Image
Forex Top Story Chinese Cabinet Urges Implementation Of Policy Reforms To Boost Growth The Chinese cabinet has urged the local governments and state departments to implement the planned economic reforms and restructuring measures to help the economy recover from the recent lull. In a statement released after a meeting called by Premier Li Keqiang on Friday, the cabinet, also known as the State Council, said that the foundation for China's economic rebound is not yet strong. UK House Prices Rebound As London Market Logs 'Unsustainable' Growth House prices in the U.K. rebounded in October after two consecutive declines as prices in London hit a new record high after summer recess, a survey by Rightmove revealed Monday. Average property asking prices in the U.K. rose 2.8 percent month-on-month to GBP 252,418 in October as prices returned to a growth trend with the onset of autumn. Prices fell 1.5 percent in September. Japan September Trad

RTTNews Forex Top Story September 20, 2013: India's New Central Bank Chief Unexpectedly Lifts Key Rates

Image
Forex Top Story India's New Central Bank Chief Unexpectedly Lifts Key Rates India's central bank unexpectedly lifted its benchmark repo rate by a quarter point to contain inflation, while also partially reversing some of the emergency measures taken recently to support the rupee after the Federal Reserve postponed the tapering of bond purchases. At his maiden monetary policy meeting held on Friday, Reserve Bank of India Governor Raghuram Rajan raised the repo rate. IMF Chief Says Global Growth Remains Subdued International Monetary Fund Chief Christine Lagarde said global economic growth remains subdued despite signs of recovery taking hold in the U.S., emphasizing the point that economies are moving at different speeds. The stake of U.S. in the global recovery is greater than ever in a world of increasing economic interconnections, Lagarde said. Dollar Rebounding After Yesterday's Surprise Fed Decision The dollar is r