China sets 7.5% growth target

Source: Bloomberg
The 7.5% growth target was set by China for 2014 during the Communist Party's annual meeting. This makes it much harder to achieve other goals, such as tight control of credit risks and prevention of air pollution in nation's biggest cities. The Premier Minister, Li Keqiang, however, sees maintenance of sound economic development as the main task.
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Wed, 05 Mar 2014 11:14:04 GMT

WTI keeps near $103 after 2-month low and Brent stays unchanged

West Texas Intermediate now is treading near $103 a barrel after a two month low, while Brent stayed unchanged in London. In the U.S., world's greatest oil consume, crude reserve increased. Futures almost unchanged in NY after the 1.5% loss on speculation tensions between Ukraine and Russia eased. U.S crude stockpiles climbed by 1.17 million barrels previous week and WTI crude for delivery

Wed, 05 Mar 2014 10:18:29 GMT

Won advances as easing Ukraine concerns support risk demand

The Won advanced the most for a week as signs of easing Ukraine tensions boosted investors' interest in riskier assets. Stocks climbed - with the Kospi Index gaining 0.9% and the S&P 500 hitting the record high. In the meantime, the report showed the foreign-exchange reserves in South Korea climbed to $351.79 billion previous month. The Won appreciated 0.2%, the strongest level since

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