Reuters: China’s economy grew at its weakest pace in 2-1/2 years in the latest quarter and it appeared headed for an even sharper slowdown in the coming months as export demand fades and the housing market falters. The fourth-quarter year-on-year growth of 8.9 percent, although slightly stronger than the 8.7 percent that economists polled by ...

BEIJING (Reuters): China’s annual inflation rate tumbled in November to 4.2 percent, the lowest level in more than a year, fuelling expectations of further monetary policy easing to combat deteriorating domestic and international economic conditions.  The rate has dropped rapidly since hitting a three-year high of 6.5 percent in July and is now at a ...

Cabraal says that reserves were built to weather demanding situation, calls on the non-banking sector to seek funds from capital markets and wants it to target 70% of GDP by 2016 By Uditha Jayasinghe Central Bank Governor Ajith Nivard Cabraal yesterday defended declining reserves, insisting that they were built up to be used in times ...

MP charges that Government is focusing only on physical infrastructure and adopting a top-down development approach instead of a more inclusive and participatory humane political futureUnited National Party Parliamentarian Eran Wickramaratne asserts that the Government is depleting the resources of the municipality on an election extravaganza. In a candid interview with the Daily FT, the ...

 (Reuters) – Argentina’s government plans to use foreign currency reserves again next year to pay off a portion of its debt, Pagina 12 newspaper reported on Friday, citing Deputy Economy Minister Roberto Feletti. The government submitted its 2012 budget bill to Congress late on Thursday but journalists had no access to the text. The bill was expected ...