China Forgets Inflation and Goes for Growth

In a signal to Chinese banks to start lending, the central bank cuts reserve requirements, freeing up $55 billion China has just pulled off one big U-turn. After months of battling inflation, the government in Beijing has decided its new priority is faltering economic growth. The central bank announced on Nov. 30 it would cut reserve [...]

Written on December 14, 2011 | Posted in News

Finland’s Economic Growth Tops Euro Peers in Third Quarter

(Updates with yield spread narrowing in fourth paragraph.) Dec. 5 (Bloomberg) — Finland’s economy grew faster last quarter than the average for the 17-nation single currency bloc, which may face a recession as the sovereign-debt crisis deepens. Finland’s third-quarter gross domestic product adjusted for seasonal variations grew 0.9 percent from the three months through June, [...]

Written on December 6, 2011 | Posted in News