In the strongest signal yet to reduce reliance in exports and capital spending in favour of consumption, China’s Premier Wen Jiabao set the pace for this year’s growth at 7.5%.
The announcement was made yesterday during the state-of-the-nation speech delivered to 3,000 lawmakers at the annual m...
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Spending a few days in Asia is focusing my mind on the extent to which this region can detach itself from what is going on in Europe. It has successfully de-coupled from problems elsewhere (in 2007-08), but does the water that has passed under the bri...
After intense negotiations at the recent World Economic Forum in Davos, Switzerland, a deal with Greek bondholders seems imminent.
In October 2011, the bondholders agreed to take a 50% cut in the face value of their bonds, worth more than 200 billion Euros. In simple terms, this means that bond...
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