After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Inflation up in OECD countries November 30, 2010 Consumer prices in October were 1.9 per cent higher than the previous year in member states of the Organisation for Economic Co-operation and Development (OECD), they announced yesterday. The rate of inflation was higher than in September, when it measured 1.7 per cent higher than the previous year. The figures were largely driven up by [...]
China succumbs to inflation rise November 24, 2010 The Chinese government may rise the target rate of inflation in spite of saying that prices are under control, it was reported yesterday. Inflation was recorded at 4.4 per cent in October, dragged upwards by escalating food prices, which rose by 10.1 per cent. But now the government may have to increase its target rate [...]
CHINA REASSURES POOR OVER?FOOD?PRICES November 22, 2010 CHINA’S government yesterday insisted that inflation is firmly under control, after food prices jumped 10.1 per cent in October. The government threatened price controls, and promised food subsidies for the poor. Meanwhile, Thailand technically entered recession after its economy retracted for the second quarter in a row, falling by 0.2 per cent. The annual rate [...]
China tries to curb food prices after consumer inflation hits two-year high November 22, 2010 CHINA said yesterday it would step up efforts to keep commodity prices stable, in its latest attempt to keep fast-rising inflation rates in check. China’s central cabinet has asked local governments to increase agricultural production and keep a constant coal, oil and gas supply in a seven-page circular. The government has urged local groups to [...]
How to defuse a time bomb: China worries about liquidity November 21, 2010 IF ANYONE had needed more proof of the extent of global economic imbalance, then last week’s inflation figures ought to have been enough. Despite unprecedented monetary ease, America’s inflation rate is running at 0.6 per cent, the lowest level in 53 years. In China, however, money is abundant and inflation is running at 4.4 per [...]
China orders banks to up reserves in bid to stem inflation November 19, 2010 China’s central bank has increased the amount of money that lenders must keep in reserve, in its latest bid to stem inflation. The People’s Bank of China said the reserve ratio would go up by a further 0.5 percentage points on 29 November. The move comes after Chinese inflation hit a two-year high of 4.4 [...]
Inflation is like a hole in every saver’s pocket November 18, 2010 INFLATION is a global concern at the moment. In China, rocketing food prices have pushed up inflation to 4.4 per cent, prompting a 50 basis point rise in interest rates and a short crash in global equity and commodity prices. That must be galling for British savers – according to the Office for National Statistics; [...]
American inflation slumps to its weakest rate for 53 years November 17, 2010 CORE US inflation fell to an annual rate of just 0.6 per cent in October, according to data released yesterday by the Labor Department. This is the lowest 12 month increase in the 53 year history of the index. The Consumer Price Index (CPI) “less food and energy” recorded no increases at all for the [...]
US wholesale prices fall as output falters November 16, 2010 CORE US producer prices recorded their largest fall in more than four years in October and industrial output was flat, underscoring concerns at the Federal Reserve about low inflation amid moderate economic growth. Economists said the data supported the US central bank’s 3 November decision to ease monetary policy further even if the 0.6 per [...]
China readies price controls as it tries to tackle rising food inflation November 16, 2010 CHINA will unveil food price controls and crack down on speculation in agricultural commodities to contain inflationary pressure that its central bank governor highlighted as a risk yesterday. With consumer prices rising at their fastest pace in more than two years, the National Development and Reform Commission, the country’s top planning agency, is preparing a [...]