China has to restructure economy: Christine Lagarde

Note: This section contains information in English only.
Source: BBC
Christine Lagarde announced that China has to reform its economy to make it less vulnerable from fluctuations in exports and investments. She also stressed that the Yuan may become the world's reserve currency in case the country restructures its markets. There are signs of stabilization in the global economy, she said speaking to politicians in Beijing.



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Mon, 19 Mar 2012 09:53:20 GMT

China's property prices declined again in February

The real estate prices in the major China's cities have declined for the fifth month in line, signaling on the success of the policies aimed at tightening property market. The new house prices in 45 out of 70 main cities have decreased last month, reported the NBS. However, the government claims the real estate market is still overpriced and the

Mon, 19 Mar 2012 09:42:44 GMT

Dow Jones Industrial Average finishes week with a 2.4% gain

US shares posted modest losses on Friday as consumer confidence fell in February. However, stocks ended whole week into positive territory. S&P 500 index gained 0.11% or 1.57 points and closed at 1,404.17, Dow Jones Industrial Average index slipped 0.15% or 20.14 points and Nasdaq Composite index dropped 0.04% or 1.11 points and settled at 3,055.26.

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