Economic News

SYDNEY (XFN-ASIA) - The global economy appears set to grow dynamically next year but oil prices still threatened to fuel inflation and central bankers must remain vigilant, European Central Bank president Jean-Claude Trichet said. "There are risks that must be taken into account if we want this dynamic growth to continue and be sustainable," Trichet told reporters in Sydney after chairi ...

WASHINGTON (Dow Jones) -- Economists are locked in a fierce debate about the outlook for Federal Reserve policy over the next 14 months, but the evidence so far has yet to give either side the ammunition necessary to win the argument. A rough majority of economists believes the federal funds rate, the benchmark for short-term interest rates, will start to decline next year. At the same time, ...

FRANKFURT (AFX) - France's Trade Minister Christine Lagarde said the European Central Bank could boost economic growth in the euro zone by cutting interest rates, becoming the latest French official to criticise the central bank's primary focus of keeping inflation in check. "The ECB could have done more and the ECB could do more" to sustain growth, Lagarde said in an interview with Age ...

BEIJING (XFN-ASIA) - China cannot rule out the possibility of further interest rate hikes in the coming months, the 21st Century Business Herald reported, citing central bank advisor Fan Gang. Fan, advisor to the People's Bank of China, was quoted as saying the possibility of more interest rate hikes in the following months cannot be ruled out, given the necessity of maintaining the curb on over ...

MELBOURNE (XFN-ASIA) - Group of 20 (G20) economic leaders said strengthening energy markets and promoting investment and efficiency are needed to ensure the global energy supply keeps up with soaring demand. In a communique at the end of a two-day summit, finance ministers and central bank chiefs from the G20 said the expansion of energy supplies had struggled to keep pace with demand growth resu ...

MELBOURNE (XFN-ASIA) - Group of 20 economic leaders said the outlook for world growth remains positive but called for continuing adjustments to monetary and fiscal policies and appropriate exchange rate flexibility. "Maintaining strong world growth and containing inflation will require ongoing adjustment to monetary and fiscal policies while ensuring appropriate exchange rate flexibility,&qu ...

MELBOURNE (XFN-ASIA) - Group of 20 economic leaders said the outlook for world growth remains positive but called for continuing adjustments to monetary and fiscal policies and appropriate exchange rate flexibility. "Maintaining strong world growth and containing inflation will require ongoing adjustment to monetary and fiscal policies while ensuring appropriate exchange rate flexibility,&qu ...