Hong Kong has no intention of abandoning its US dollar peg, arguing that the system remained the most appropriate way to ensure financial stability.
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John Mauldin, Chairman of Mauldin Economics, says it is not unlikely for the U.S. to come to a trade surplus with the help of an expected boom in energy exports.
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European businesses and consumers face at least 20 years of electricity price rises, according to a leaked European Commission report on how the region can meet its green energy targets, the FT reports.
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Honda Motor will halve exports of vehicles made in Japan over 10 years to tackle the rising yen, a newspaper reported on Wednesday, citing an interview with the automaker's chief executive.
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European central banks have become net buyers of gold for the first time in more than two decades, the latest sign of how the turbulence in the currency and debt markets has revolutionized the bullion market. The FT reports.
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German Finance Minister Wolfgang Schaeuble said the global economy may see "seven lean years" as a result of needed fiscal consolidation programs, even as top U.S. economists questioned the effectiveness of austerity measures.
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Nearly three years after the start of the economic crisis, a new spectre is haunting the world’s most advanced economies: the prospect that the majority of their citizens will face years of stagnant wages, reported the FT.
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Japan's core consumer prices rose* 0.6 percent in April* from a year earlier, data by the Internal Affairs ministry showed on Friday, posting the first annual rise in more than two years due partly to higher* commodity costs.
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