Never pick a fight with a central bank. The only one who gets hurt is you. Unless, of course, you are another central bank. Central banks routinely intervene in the markets to influence the prices of assets, commodities and currencies.
Political unrest in China is the greatest threat to the world economy, the founder of WPP said yesterday. Listing worries that have sapped confidence from global investors, Sir Martin Sorrell, boss of the advertising giant, said he had never seen a time with 'so ...
BEIJING, Nov 1 (Reuters) - China's factory activity unexpectedly fell to a five-month low in October as firms fought slowing orders and rising costs in the cooling economy, reinforcing views that the country's growth outlook is hazy at best.
The United Kingdom's net contribution to the European Union increased by a third last year, to �11.3bn, according to new figures.
... * Cuts profit guidance to 60-65 mln pounds. * Q2 retail and wholesale sales hit by warm weather. * Cautious outlook on warm autumn, sector promotions.