World stocks slide on China growth fears LONDON: Global stock markets mostly dropped on Wednesday on fears of economic slowdown in China where interest rates have been increased for the first time for three years. In Europe, Britain’s government is to unveil the harshest cuts for decades in a sweeping review of public spending expected [...]

‘Yuan rise should be gradual’ WASHINGTON – THE head of China’s central bank says he agrees that appreciation of his country’s currency should accelerate but reiterated Beijing’s insistence that it be carried out gradually. Zhou Xiaochuan says there is no overnight cure for the currency problems that at times sparked heated debates among finance ministers [...]

Soros: China must fix the global currency crisis I share the growing concern about the misalignment of currencies. Brazil’s finance minister speaks of a latent currency war, and he is not far off the mark. It is in the currency markets where different economic policies and different economic and political systems interact and clash. Read [...]

Japan: China rare-earth ban could hurt economy China’s ban on shipments to Japan of rare-earth metals that are crucial for advanced manufacturing threatens to undermine the Japanese economy, a top finance official said Tuesday amid a territorial row between the rival Asian powers. Japanese trading company… China – Japan – Rare earth element – Asia [...]