China Economy

US Dollar, Economic Influence, Waning on Global Stage

The rebuke and rejection of the request by the U.S. to pressure China to into increasing the value of the renminbi by the G-20 underscores the declining economic influence of America in the world, as well as the U.S. dollar, which has become a disaster. Not only was the idea of pressuring China on their currency rejected, but the U.S. and the disastrous Federal Reserve were castigated by

Continue Reading »

Freeport (NYSE:FCX), BHP (NYSE:BHP), Teck Resources (NYSE:TCK) Down on China CPI Report

Freeport-McMoRan Copper & Gold(NYSE:FCX), BHP Billiton Limited (NYSE:BHP) and Teck Resources (NYSE:TCK) were all down Friday as uncertainty clouded the demand picture when news China’s consumer price index rose to 4.4 percent (higher than what was anticipated), leading to speculation China may tighten the economy by raising interest rates in order to fight inflation. Gold price obviously

Continue Reading »

Moody’s (NYSE:MCO) Upgrades China’s Credit Citing Strong Economy

Moody’s (NYSE:MCO) upgraded China’s debt today from A1 to Aa3, saying the sound balance of payments and the strong economic performance of the company has found support and will continue on, generating a positive outlook for their credit. Moody’s senior vice president Tom Byrne noted, “The record of the past year demonstrates that China’s policy response to the 2008 crisis has been effective.

Continue Reading »

China’s Economy Now Second Largest in World

Filed in China Economy, economy, euro, lead, New Gold, Spot Gold, yuan by on August 16, 2010 0 Comments
China’s Economy Now Second Largest in World

Filed under: International Markets , Competitive Strategy , Economic Data , Politics , Headline News In the race of economies, China is now number two. It passed Japan and will most likely stay there for the rest of the year. China’s economy is valued at $1.33 trillion beating Japan’s $1.28 trillion. So, you say, what’s the big deal? The big deal is that China is now the powerhouse in the East, while the U.S. remains the leader in the West. China can use its clout to increase trading with nearby countries in the East. The number two slot is important because China beat out the European Union, even its biggest exporter, Germany. So we can say that China has moved westward. Continue reading China’s Economy Now Second Largest in World China’s Economy Now Second Largest in World originally appeared on BloggingStocks on Mon, 16 Aug 2010 17:30:00 EST. Please see our terms for use of feeds . Read | Permalink | Email this | Comments

Continue Reading »

Gold Explodes Again on Weak Economic News

The attempt to paint a rosy economic picture is being ignored or not believed by investors, and gold prices are again exploding upward as it’s considered the safest place to put your money in these difficult times. At just before 1:30 PM EDT, spot gold prices were at $1,247 an ounce, a gain of $16.50 for the day. People are starting to see that every time new, negative or weak economic data

Continue Reading »

Gold Prices Soar Today on EU Bank Loan Loss Fears

Gold prices took off early in the day as reports from the European Central Bank said the banks in the region could experience another round of loan losses, this time up to $237 billion over the next year and a half.The uncertainty of the economic fallout from Portugal, Italy, Ireland, Greece and Spain have investors concerned over how deeply it will impact the economy, and how far it’ll spread to

Continue Reading »

Barrick Gold (NYSE:ABX) Newmont Mining (NYSE:NEM) Agnico-Eagle Mines (NYSE:AEM), Gold Fields (NYSE:GFI) Jump on China, Sovereign Debt Fears

Concerns over the sovereign debt crisis and China austerity measures have gold mining companies like Barrick Gold (NYSE:ABX) Newmont Mining (NYSE:NEM) Agnico-Eagle Mines (NYSE:AEM) and Gold Fields (NYSE:GFI) jumping today, as they have been up from 4 to 5 percent today, while gold prices today are closing in on all-time records. After the euphoria over the almost $1 trillion being provided to

Continue Reading »