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Most global investors predict China’s yuan will be convertible into other currencies by 2016, with 50 percent seeing it joining the dollar, yen and euro as a reserve currency within a decade, a Bloomberg poll indicated. Fifty-seven percent of 1,263 ...
German Chancellor Angela Merkel refused to commit to more aid for Greece, saying it is too early to decide whether the country needs additional financial help to stamp out the debt crisis. “First we need to hear what the status is; only then can I ...
Portugal's caretaker prime minister Jose Socrates has announced that he has reached agreement on a bail-out from the EU and the International Monetary Fund. He said the three-year loan was a "good agreement that defends Portugal". His office says ...
Banks eased lending terms in the first quarter as they forecast improvement in the U.S. economy and companies sought more loans, according to a Federal Reserve survey. “The April survey indicated that, on net, bank lending standards and terms ...
The country's purchasing managers' index (PMI), which is designed to provide a snapshot of conditions in the manufacturing sector, fell to 52.9 in April, from 53.4 in March. The fall, which was not expected, indicates the government's efforts to ...