InfoAnda - Markets rally following China reassurances

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

China Controlled Internet For 18 Minutes In April | 21 November 2010
Bond Becomes 7th Republican To Support Sotomayor; Senate Continues Debate On Judge | 6 August 2009
Sony silent on reports of 'PlayStation phone' | 29 June 2009

PGA Shakeup: big names fall as Bradley, Dufner rise to the top, Woods misses cut | 13 August 2011

Forum Views () Forum Replies ()

Read more with google mobile : Markets rally following China reassurances

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Photos Sitemap Markets rally following China reassurances AFP - Friday, May 28 Send IM Story Print Markets rally following China reassurances PARIS (AFP) - – Sentiment on financial markets rallied modestly on Thursday after China described as "baseless" a report it might reduce its holdings of eurozone government debt. European stocks followed Asian shares higher, reversing a late fall on Wall Street as the Financial Times report circulated late on Thursday, and the depressed euro also firmed. The Spanish parliament passed by just one vote further tough measures to contain overspending, a move seen by analysts as a vital for Spain to ward off a threat of being dragged into a Greece-style debt crisis. Highlighting the seriousness of the problem, Spanish press reports suggested that Spanish banks are encountering problems in borrowing money from foreign banks because of concern about the country's public finances. In France, trades unions were organising street protests against a decision by the right-wing government to raise the pension age from 60. The measures in Spain and France are the latest in a welter of draconian steps by European governments to reform public finances from top to bottom, from ministerial pay to unemployment benefits. Market sentiment was also helped by optimistic data from the United States and a positive outlook for the world economy from the OECD. But high deficits and debt in EU countries remain centre stage, with US Treasury Secretary Timothy Geithner visiting Germany on Thursday when the economy will dominate talks. At Dutch bank ING, analyst Padhraic Garvey, referring to crisis programmes by European central banks in buying government bonds, commented: "We remain in a very difficult set of circumstances." German Chancellor Angela Merkel, a pivotal figure in the eurozone debt crisis, said Germany would push "with all our strength" for a strong euro. In a "very clear statement," she told business executives in Jeddah late on Wednesday: "Germany, as the largest exporting nation, the largest economy in the European Union, has strongly benefited from the euro in the past. "Therefore, we will work with all our strength for a strong euro." Overnight, the Financial Times reported that China was reviewing its huge holdings of eurozone debt, helping send Wall Street into reverse. The Chinese State Administration of Foreign Exchange (SAFE) denied this on its website, saying: "The report is baseless." "The European market was and is one of the most important investment markets for (China's) foreign exchange reserves and will remain so in future." It expressed confidence that "the eurozone will definitely overcome the difficulties and maintain the stable and healthy development of the European financial market." China has the biggest foreign exchange holdings in the world at just under 2.5 trillion dollars and re-exported a large part of its foreign earnings by buying government debt, most notably in the United States. China's holdings of eurozone debt are estimated at 514 billion euros (630 billion dollars). On Wednesday, the Organisation for Economic Cooperation and Development gave a far more optimistic assessment of the global economy than seen in the markets but also warned that global imbalances were increasing again. The OECD also stressed that European governments must act fast to cut overspending. Imbalances in trade and capital flows are widely held to have been a root cause of the global financial crisis sparked nearly three years ago by the collapse of the US home finance market. In Japan, where the economy has been in the doldrums for many years and public debt is high, official data showed a big rise in a trade surplus for the fifth month running, helped by a 19.8-percent rise in exports to the EU despite a sharp drop in the euro this year. The yen has soared recently because concern about the eurozone debt crisis has caused funds to flow into the Japanese currency. The latest data from the United States, still the weather vane for the global economy, supported the OECD's forecast that the economy there is on track for a robust rebound this year. Data on Wednesday showed surprisingly strong activity in the key housing sector and strong demand for US manufactured goods. Recommend Send IM Story Print News Search Top Stories Spain approves austerity plan by one vote Oil stops gushing from Gulf of Mexico well US first-quarter economic growth pared to 3.0% Markets rally following China reassurances Obama to extend ban on offshore oil drilling More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Anti-HIV drugs slash risk of virus transmission by 92 percent US recovery on track despite European debt concerns Shuttle Atlantis back on Earth after final space voyage Markets rally following China reassurances Europe moves to levy bank failure tax More Most Viewed » Scientists stunned as grey whale sighted off Israel Hubble catches planet being devoured by its star UN fears 'irreversible' damage to natural environment Earth may be too hot for humans by 2300: study Ocean fish could disappear in 40 years: UN More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Thursday, 27 May 2010
Iran and Russia clash in worst row for years
Video exposes truant Russian MPs
Iran's Ahmadinejad lambasts Russia over nuclear stance
Europe moves to levy bank failure tax
Facebook overhauls privacy controls
Zynga games coming to
UK sets limit of 225 nuclear warheads |
Colombians to vote for Uribe's successor in close race |
Shuttle Atlantis back on Earth after final space voyage
Mayor of Mexico resort arrested for drug gang ties |
Another Foxconn worker falls to death in China: report
Ethiopia's Meles rejects poll criticism |
Secretary Charged For Trying To Sell Disney Info
"Glee" Earns Second #1 Album On Billboard With "Showstoppers"
Zimbabwe licenses new private newspapers |
Teachers, Administrators Resign After Helping Children Cheat
BP starts 'top kill' operation
Second Teacher In Trouble For Condoning Klan Wear
China could join moves to sanction North Korea
Strip Club Offers Grads Alternative To Economy
US Patriot missile unit deploys in Poland, Russia bristles
EU seeking deal on election mission to Myanmar
Shuttle Atlantis returns to Earth after final voyage
Australia first World Cup qualifiers to arrive
"Brandy And Ray J's Family Business" Picked Up For Second Season
Foxconn shows off China plant after suicides
Female Rheumatoid Arthritis Cases On Rise, Environmental Factors Likely Culprit
Youngest Everest climber makes it safely off peak
American Eagle Q1 Profit Dips On Charges, Outlook Falls Short
EPA Yanks Permitting Authority From Texas Environment Board
Lady Gaga Selling New Single "Alejandro" With Prayer Candle
US examining Apple over online music: NYT
US-TECH Summary
FCC survey finds fees surprise many mobile users
Facebook boosts privacy controls amid criticism |
Boy killed at Vietnam refinery protest
US lawmakers target pre-paid cellphone anonymity
Apple knocks off Microsoft as biggest tech |
Pakistan lifts ban on YouTube
Car bomb hits outside NATO base in Kandahar city
Japan may wait before saying 'iDo' to iPad
Penguin, Amazon resolve e-book pricing for Kindle |
China tries to balance fallout of Korean tensions
Yahoo will modernize its sites until mid-2011: CEO |
FCC survey finds fees surprise many mobile users |
Clinton: World must act on SKorean ship sinking
Foxconn shows off China plant after suicides
India's Tata Steel posts consolidated net loss
India's Mahindra buys Reva majority stake
Revamped Rome Colosseum still needs sponsors
Air India strike ends, over 100 flights grounded
N.Korea musters foreign fan club for World Cup
India's Mahindra buys Reva stake as GM exits
East Timor says energy consortium trying to steal
Ramallah boom belies fragility of Palestinian economy
Paris pushes new bicycle plan
Save Your Logo: Lacoste joins bid to help endangered crocodile
Sex and the City's Nixon lives her own New York |
"Sex and the City's" Nixon lives her own New York
British 1970s pop group the Faces to re-form
Bob Dylan mania in India's northeast
Veteran TV host Art Linkletter dead at 97 |
Munich beer festival ups prices for 200th edition
Former Us Weekly chief joins Hollywood Reporter |
Duchess of York jokes about newspaper sting |
Israel PM leaves for Paris ahead of US talks
Turkish PM stresses Brazil ties on unprecedented visit
Pakistan partially lifts block on YouTube: official
US recovery on track despite European debt concerns
South Korean navy holds border anti-sub drills |
Obama invites Netanyahu and Abbas to White House
Anti-HIV drugs slash risk of virus transmission by 92 percent
Foxconn hit by 10th jumping death
Iran's Ahmadinejad lambasts Russia over nuclear stance
Privacy fears mount as ad targeting grows
Geithner takes plea for European action to Germany |
Special report: Between Iraq and a rich place |
Army Vet, 80, Shoots And Kills Armed Burglar
Bay Citizen news website launches in San Francisco
Foxconn hit by 10th jumping death |
Coast Guard OK's Top Kill Plan, BP Begins Procedure In Hopes It Plugs Well
Lawmakers want more Google Street View info
NATO says security key to economic growth: report |
Late Sell-Off Sends U.S. Markets Lower
Death toll from south Russia bomb rises to seven |
Pakistan partially lifts block on YouTube: official |
Colombians to vote for Uribe's successor in close race |
Wired magazine unveils iPad application
U.S. probes Apple digital music dominance
Facebook boosts privacy controls amid criticism
Palestinian leader says he's committed to peace
BP launches 'top kill' to stop US oil leak
New security strategy to lay out Obama doctrine
NKorea to scrap pact preventing clash with SKorea
Anti-whaling activist pleads guilty in Tokyo trial
Asian conflicts exact heavy civilian toll in 2009: Amnesty
Pakistan lifts ban on YouTube, pages remain blocked
NKorea to scrap preventing naval clash with SKorea
Thailand to ask Interpol to 'seek Thaksin arrest'
Apple overtakes Microsoft as biggest tech company |
Australian opposition gets tough on refugees
Former Us Weekly chief to shake-up Hollywood Reporter
Sri Lankan asylum seekers on hunger strike
Pakistan partially lifts block on YouTube: official |
Sea Shepherd anti-whaling activist on trial in Japan
U.S. probes Apple digital music dominance |
Lawmakers want more Google Street View info |
Foxconn hit by 10th jumping death |
Asia in search of its own J.K. Rowling
US-ENTERTAINMENT Summary
Lee DeWyze wins "American Idol" as Cowell departs
Yahoo forecasts revenue growth up to 10 percent |
Meet the men who could play Spider-Man
Honda to install brake override systems on all models
Dell's Streak readies for battle with iPad |
Ben Kingsley denies he's a serious man
S.Korea c.bank won't cut euro assets -official
Jason Sudeikis taking a whack at "Horrible Bosses"
Seoul shares end up 1.6 pct led by techs
Simon Cowell feels the love on "American Idol" send-off
"Sex" sequel will leave 'Prince of Persia' in dust
China reviewing eurozone debt holdings: report
Stone Temple Pilots could fly highest on US chart
China's anti-bubble moves turn bull market bearish
Female hosts in uphill battle for Emmy awards
S.Korea studying ways to smooth capital flows
Japan's exports jump 40 percent in April
Taiwan stocks end up on bargain hunt; Hon Hai falls
Pakistani rupee traded at record low of 85.34
Chinese court hears novelist's Google lawsuit
Lee DeWyze wins American Idol as Cowell departs |
Sex sequel will leave 'Prince of Persia' in dust |
Meet the men who could play Spider-Man |
Simon Cowell feels the love on American Idol send-off |
Why the Emmys continue to ignore Idol |
Ben Kingsley denies he's a serious man |
Jason Sudeikis taking a whack at Horrible Bosses |
Oprah Winfrey closes her charity as daytime show ends |
Microsoft chief shrugs off Apple rise
Afghans: Pakistani Taliban commander rumored dead
Russia hunts for bombers after blast kills seven
Microsoft to speed up entertainment and devices plans
Markets rally following China reassurances
Yemen tribe demands airstrike explanation by Friday |
Spanish parliament approves austerity plan by one vote
Anti-ACORN Videographer Pleads Guilty In Senate Phone Tapping Case
Ships sail for Dunkirk 70 years after evacuation
Tina Fey To Receive Mark Twain Comedy Prize
Obama to extend ban on offshore oil drilling
South Africa's Zuma condemns arrest of gays in Malawi |
Forecasters Predict Above Average Hurricane Season
Sandra Bullock To Accept Generation Award At MTV Movie Awards
Spain austerity plan scrapes through parliament |
Crew, Vessels In Gulf Coast Clean-up Recalled After Health Problems
U.N.'s Ban urges Iran talks with security council |
Bush Daughter Laments Global Health Care Disparity
US security plan switches focus to homegrown terror
South Africa transport strike to end after new deal |
Mary Portas, Gary Lineker To Appear On BBC America's "Friday Night With Jonathan Ross"
Pride at stake for Bangladesh in Lord's opener
Shark Cartilage Drug Did Not Increase Cancer Survival In Trial
Top Bosnian's Serbia visit delayed over war criminal |
Bret Michaels, Howie Mandel To Guest Star On "Glenn Martin, DDS" Season Premiere
Activists say bound for Gaza despite Israeli warning |
House Committee Schedules Hearing On Tylenol Recalls
Dell, HP look into suicides at Foxconn China plant
Japan sumo bosses penalised over gangster links
N.Korea threatens to attack S.Korea ships
Suu Kyi party marks 20 years since Myanmar poll win
Beijing looks to revitalise bicycle culture
US scientists share in 'Asian Nobel Prize'
Sony to launch e-reader in Japan, take on Apple |
Nepal leader urges parties to avert political chaos
Rats damage huge swathes of China's grasslands
Microsoft CEO unconcerned with Apple market cap |
India's Tata Motors swings into profit for year
Taliban kill tribal elder, wife and son in Pakistan
Prince of Persia leaps onto movie screens |
Sony to challenge Apple in Japan with e-reader
Daimler, China's BYD in electric car joint venture
Arroyo bouyant after Philippine economy grows 7.3%
Asian stocks extend gains on bargain hunting
Sanofi seeking entry to Japan's generic drug market
Japan's exports surge but Europe casts shadow
Carlyle seeking new Taiwan TV deal deadline-source
Strike stalls Honda's China plants
Iran film ban latest chapter in Cannes-Tehran row
Tehran to ban Iranian director's film starring Binoche
Jean-Paul Gaultier to quit Hermes
Tourism industry optimistic despite subdued recovery
Morocco gives Elton John a rapturous welcome |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01