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CHINA acted to cool the speculative frenzy in its US$9.5 trillion stock market, snapping a euphoric eight-day surge that had fueled worries of a new equity bubble in the making.
NEW YORK: It was only about five years ago that powerful people in finance loved talking about the horrendous consequences for the United States if it didn’t get its finances under control. They warned that the federal debt – and the interest payments – could eventually get high enough to drag down the economy, burden future generations, and even threaten national security.
TOKYO: Japan's legions of retail foreign-exchange traders, popularly known as Mrs Watanabe, are turning into sellers of yen, shifting from playing the dollar's range against the yen to betting against the Japanese currency after it slumped to six-year lows recently.
TAKING Wall Street#8217;s forecasts as a measure, optimism about the US economy reached its most recent peak about a year ago
JACKSON, Wyoming: Federal Reserve Chairman Ben Bernanke on Friday offered his most optimistic outlook since the financial crisis struck, saying the U.S. economy is on the verge of growing again.