China’s central bank unexpectedly raised a key interbank market interest rate Thursday for the first time in nearly five months, signaling a change in its policy focus toward pre-empting inflation risks in the new year.
By Michael Brush MSN Money Goodbye, $5 coffee. So long, gourmet supermarket food, $3,000 handbags and McMansions. Adios, expensive shows and gambling tables in Las Vegas.
By Daniel Costello Apartment vacancies hit a 30-year high in the fourth quarter, and rents fell, as landlords struggled to keep existing tenants and attract new ones.
Mexico Fund Monthly Summary Report Dec 2009
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China took a major step Friday toward making its capital market system more sophisticated and perhaps more stable as it agreed to give investors a new and powerful set of risk-management tools.
“Ever since the package was passed in November, Beijing has recited the mantra of the need to shift China’s economy from its heavy dependence on exports to one more driven by domestic consumption. But now that the sense of immediate crisis has passed, the stimulus policies are being rethought — and in an unusual development for China, they are being vigorously debated in the Chinese media.”