Economic News

Treasury prices opened under slight pressure early Monday, sending yields higher, with market players awaiting speeches from Federal Reserve officials and inflation data due out later in the week for clues to the U.S. interest-rate outlook. There's no major economic data on the calendar to guide the price action Monday. Traders will look to official comments from Fed Chairman Ben Bernanke, Clev ...

China’s trade surplus hit a record $13bn in May as exports soared more than 25 per cent year-on-year, a powerful performance that will add weight to calls for new economic tightening and further revaluation of the renminbi. // State media said last week that China’s M2 money supply expanded 19.5 per cent year-on-year in May - well above the target set by the People’s Bank of China - as outstanding bank loans rose nearly 16 per cent. Such data would trigger worries that the economy continued to ...

SAN FRANCISCO (Dow Jones) -- Finance ministers from the Group of Eight leading industrial countries on Saturday remained positive about strong global growth despite the ongoing risks of volatile energy prices and rising interest rates. Meeting in St. Petersburg, Russia, the ministers said in a communiquÃ&# 169; that the global economy was gradually becoming more broadly based amid  ...

HONG KONG (Dow Jones) -- China's manufacturers are beginning to export inflation to the world by taking a firmer line with overseas buyers in an attempt to pass along rising wage and material costs, according to a report by Credit Suisse. In the last six months, Chinese exporters have been notably more aggressive in pricing negotiations -- a marked switch from an earlier willingness to absorb r ...

China reported a fresh record monthly trade surplus of $13bn (£7bn) in May, the latest sign that the country's economy is continuing to surge. It beat the previous high of $12bn set last October, and brought the surplus for the first five months of 2006 to $46.8bn, up from $30bn a year earlier. The latest figures are likely to renew calls, particularly from the US, for China to raise the value of the yuan. The US says Beijing keeps the yuan artificially low, which China denies. While Wa ...

By Benedict Mander in Buenos AiresPublished: June 11 2006 22:05 | Last updated: June 11 2006 22:05The architect of Argentina’s economic recovery since its collapse in 2001 has for the first time explicitly criticised President Néstor Kirchner’s shift to the left and his closer relations with Venezuela’s Hugo Chávez. // Roberto Lavagna, who could emerge as the main opposition candidate in next year’s presidential elections after being ousted as economy minister, said the government was jeopardis ...

By Scheherazade Daneshkhu and Arkady Ostrovsky in St PetersburgPublished: June 11 2006 11:23 | Last updated: June 11 2006 11:23Finance ministers of the Group of Eight industrialised countries said global economic growth remained strong but with oil still trading at about $70 a barrel, they warned of the threat to growth from high energy prices and trade imbalances. // John Snow, attending his la ...

Dan Atkinson, Mail on Sunday11 June 2006 THE government's flagship economic achievement - bringing unemployment below 1m for the first time since 1975 - is under threat, figures this week are expected to show. LOSING IT? Chancellor Gordon Brown WANT TO KNOW MORE? ASK AN EXPERT: New job, new pension POLL: Are we heading for a recession? OTHER STORIES £1bn World Cup of gold Market report: Friday close Asda is 'cheapest supermaket' Fears for Aim investors Savers ...