Recent data, despite some eye-catching headlines, do not have straightforward implications for monetary policy. Those counting on a quarter-point rate cut during the fourth quarter may be disappointed. The recent national accounts release left quarterly …
The Chinese have not given up their determined pursuit of scarce energy assets. Chinese National Petroleum Corp. – China’s biggest oil producer – succeeded in its $4.2 billion bid to buy PetroKazakhstan, a Canadian company. …
Federal Reserve Chairman Mr Alan Greenspan appears (in a speech on 25th September) to have dropped his concerns regarding the dangerous bubble clearly evident in the US residential property market and the potentially adverse impact …
It was a “landslide victory… for muddle”, says Conrad de Aenelle in the International Herald Tribune. Markets had been counting on a coalition of the conservatives and their pro-business liberal allies to accelerate economic reform …