BAHRAIN (Reuters) – “It’s our currency and your problem,” U.S. Treasury Secretary John Connally famously said of the dollar in 1971.

More than 40 years later, China is doing something about it.

Fed up with what it sees as Washington’s malign neglect of the dollar, China is busily promoting the cross-border use of its own currency, the yuan, also known as the renminbi, in trade and investment.

BAHRAIN (Reuters) – “It’s our currency and your problem,” U.S. Treasury Secretary John Connally famously said of the dollar in 1971.

More than 40 years later, China is doing something about it.

Fed up with what it sees as Washington’s malign neglect of the dollar, China is busily promoting the cross-border use of its own currency, the yuan, also known as the renminbi, in trade and investment.

LONDON (Reuters) – The darkest hour is just before dawn, the old saying goes. Of course, that’s also when your house is most likely to get burgled.

The same mix of new hopes and old fears defines the global economy heading into the fourth quarter.

LONDON, Sept 30 (Reuters) – The darkest hour is just before
dawn, the old saying goes. Of course, that’s also when your
house is most likely to get burgled.

The same mix of new hopes and old fears defines the global
economy heading into the fourth quarter.

LONDON (Reuters) – In the early 1870s, property prices in Vienna, Berlin and Paris soared on the back of a state-promoted building boom fuelled by easy credit extended against the collateral of unbuilt or unfinished houses.

The crash that followed parallels what has happened more recently and may, with other lessons from U.S. history, provide pointers for the euro zone crisis.

LONDON (Reuters) – In the early 1870s, property prices in Vienna, Berlin and Paris soared on the back of a state-promoted building boom fuelled by easy credit extended against the collateral of unbuilt or unfinished houses.

The crash that followed parallels what has happened more recently and may, with other lessons from U.S. history, provide pointers for the euro zone crisis.

LONDON, Sept 17 (Reuters) – The ambition of China’s No. 2
bank to spend more on a single acquisition than the value of all
of the country’s European deals in the past two years sends a
clear signal of intent: Europe is finally on China’s takeover
radar.

China Construction Bank expects to wrap
up an overseas takeover this year, Chairman Wang Hongzhang told
Reuters.

LONDON, Sept 16 (Reuters) – The world’s top two central
banks have administered extra-strong monetary painkillers, but
the global economy will still need a lot more time to recover
from its thumping debt hangover.

Financial markets were euphoric after the Federal Reserve
surpassed expectations and promised on Thursday to keep the
money taps fully open until the U.S. labour market makes a
sustained recovery.

LONDON (Reuters) – The euro zone is finally getting a move on and slinging a safety net under the single currency. If only it were making as much headway in correcting the economic imbalances that made a rescue plan necessary in the first place.

The European Central Bank has bought time for the euro with a scheme for secondary-market purchases of bonds of countries such as Spain if they are shunned by investors. And the European Stability Mechanism is set to buy the debt as it is auctioned, after Germany’s top court approved the establishment of the permanent rescue fund. Immediate market pressure has subsided.

THE HAGUE (Reuters) – The Dutch general election on Wednesday is likely to send a message of commitment to Europe diluted by grudging support for more integration and downright distaste for blank cheques to save the euro.

As such, the Netherlands finds itself in the new mainstream of north European creditor countries, led by Germany, where economic anxiety and resentment at the perceived fecklessness of Greece and other southern debtors is sapping support for the single currency.