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Last updated: 22:16:25 Friday Jul 24, 2009


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  • Exchange rates boost Vodafone sales
    LONDON (AFP) - Vodafone, the world's biggest mobile phone company by revenue, on Friday reported a nearly 10-percent rise in quarterly revenue which it attributed partly to favourable exchange rates.   Nations:India South Africa   Source:(AFP)   2009-07-24

    IMF welcomes China's progress on currency
    WASHINGTON (AFP) - The International Monetary Fund Wednesday welcomed China's progress on liberalizing its currency, but said some countries still view the yuan or renminbi as "substantially undervalued."   Nations:China Saudi Arabia Russia   People:Barack Obama George W. Bush   Activities:Chinese Currency Dispute   2009-07-22

    Vietnam's Prime Minister Tackles Inflation
    When Nguyen Tan Dung became Prime Minister of Vietnam two years ago, the former central bank governor was widely viewed as a progressive who would continue to drive the communist country's remarkable transition from moribund planned economy to a booming capitalist one. But this year, Vietnam's outlook has dimmed. While GDP growth remains strong at more than 7%, the inflation rate has rocketed to 25%, there have been a large number of outbreaks of labor unrest and the stock market has plunged by nearly two-thirds since January, making it the worst-performing in the world.   People:Alan Greenspan George W. Bush   Activities:2008 Vietnam Financial Crisis   2008-06-23

    Facing inflation, Asia gets more aggressive
    Bangkok, Thailand - Across Asia, the bugbear of inflation is back, and it's not just policy wonks who are feeling the strain. Faced with rippling social unrest over soaring prices for fuel and food, governments are struggling to cushion the blow, while keeping economic growth on track.   Nations:Vietnam Thailand India Indonesia Philippines South Korea   People:Ben Bernanke   Activities:2008 Vietnam Financial Crisis 2007-8 Global Inflation   Source:(Christian Science Monitor)   2008-06-11

    China promises more flexibility on currency, trade
    China said Wednesday it would make its foreign exchange regime more flexible and boost domestic demand so as to reduce massive trade surpluses which have sparked US and European complaints.   Nations:China   Activities:Chinese Currency Dispute   2008-05-22

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