Economy

China's foreign exchange reserves impacted by reduced exports

China's foreign exchange reserves impacted by reduced exportsBeijing - The growth rate of China's foreign exchange reserves has significantly slowed, according to latest figures from the country's central bank. The reserves, the world's largest, rose 16 per cent year-on-year to 1.95 trillion dollars by the end of March, the Peoples' Bank of China indicated on Saturday.

This represents an increase of 7.7 billion dollars for the first quarter, but is 146.2 billion dollars lower than the same period last year.

China's economy showing positive changes, says premier

Chinese President Wen JiabaoBeijing - Chinese Premier Wen Jiabao said the economy showed better than expected improvement in the first quarter, according to state media on Sunday. Speaking to reporters in Thailand, the premier said that while down on last year's figures, imports and exports were growing on a month-on-month basis, the official Xinhua news agency reported.

Domestic demand and investment in fixed assets also rose, Wen said, indicating that some sectors and enterprises in China were starting to show gradual recovery.

China's foreign exchange reserves impacted by reduced exports

China's foreign exchange reserves impacted by reduced exports Beijing - The growth rate of China's foreign exchange reserves has significantly slowed, according to latest figures from the country's central bank. The reserves, the world's largest, rose 16 per cent year-on-year to 1.95 trillion dollars by the end of March, the Peoples' Bank of China indicated on Saturday.

This represents an increase of 7.7 billion dollars for the first quarter, but is 146.2 billion dollars lower than the same period last year.

Obama sees 'glimmers of hope' for US economy

Obama sees 'glimmers of hope' for US economy Washington - President Barack Obama on Friday pointed to some signs of progress for the US economy, which is going through one of its longest and deepest recessions since the Great Depression. "What you are starting to see is glimmers of hope across the economy," Obama said after a meeting at the White House with Federal Reserve Chairman Ben Bernanke and other economic advisors.

Billion dollar loss expected at Morgan Stanley

Billion dollar loss expected at Morgan Stanley New York - The c

Germany gives 92.5 million euros in economic aid to Jordan

Germany gives 92.5 million euros in economic aid to Jordan Amman  - Two agreements were signed in Amman Thursday under which the German government extended 92.5 million euros (122.8 million dollars) in economic aid to Jordan, an official statement said.

The two accords, part of the German development cooperation programme with Jordan for the fiscal year 2008-2009, were signed by the Jordanian Minister of Planning and International Cooperation Suhair al-Ali and the German ambassador in Amman Joachim Heidorn.

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