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Steep rate cut in China: central bank
BEIJING (AFP) - China's central bank announced on Wednesday a steep cut in its interest rates -- by four times the usual margin -- in a signal that it would pull out all the stops to boost weakening economic growth.
Nations:China Activities:Global Financial Crisis Source:(AFP)
2008-11-26
Obama's Yuan Calls May Cause Collision With China
Nov. 6 (Bloomberg) -- Barack Obama's calls for changes in China's yuan policy may put the president-elect on a collision course with the U.S.'s second-largest trade partner, which is holding the currency stable to support its export-led economy.
Nations:South Korea People:Henry Paulson Barack Obama Charles Schumer Activities:Obama Admin. Chinese Currency Dispute
2008-11-07
China's central bank pledges global cooperation
China's central bank has pledged to continue international cooperation to tackle the global financial crisis and maintain market stability, according to state media.
Nations:China Activities:Global Financial Crisis Source:(AFP)
2008-10-12
IMF ready to lend to countries during financial crisis
The International Monetary Fund said Saturday it was ready to lend to countries in need of capital, as the 15 eurozone economies and Britain readied a Paris summit to seek a joint response to the global financial crisis.
Nations:France Japan People:Nicolas Sarkozy Gordon Brown Angela Merkel Activities:Global Financial Crisis Source:(AFP)
2008-10-11
World powers look to solve crisis with collective efforts
The world's leading powers pledged to band together to tackle the financial crisis at an emergency meeting Saturday after a warning from the IMF that the global system was on the brink of meltdown.
Nations:France People:Nicolas Sarkozy Angela Merkel Activities:Global Financial Crisis Source:(AFP)
2008-10-11
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