HONG KONG: The Chinese central bank announced Friday that it would allow its currency to fluctuate more during daily foreign exchange trading, but again rebuffed demands from the United States and Europe for a sustained rise in the yuans value. The central bank also raised interest rates and demanded that commercial banks set aside more of their assets as reserves that cannot be lent. The two moves are aimed at tightening credit and reducing the risk of overheating in an economy that is growing...
Swiss March trade surplus 718 mln sfr vs 1.381 bln in Feb
May 31, 2007 on 9:11 pm | In Currency |
ZURICH (Thomson Financial) - Switzerland’s trade surplus narrowed to 718 mln sfr in March from 1.381 bln in February, the Federal Customs Office said.
Exports in February rose a nominal 9.2 pct or a real and inflation-adjusted 7.7 pct to 17.15 bln sfr, while imports rose a nominal 13.3 pct or real 13.4 pct to 16.4 bln sfr, the office said.
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