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Alibaba, Chinese e-commerce giant, has said it has spent over 1 billion yuan ($160m) fighting fake goods on its websites from the beginning of 2013 to November of this year...
This year gold has come up 12 per cent against the yen, 9.5 per cent against the euro and for Russian holders - up 80 per cent. The precious metal has always been an ideal hedge amid currency wars, and investors stocking up on bullion at current depressed prices know what they are doing...
According to Britain's statistics age½ncy, the UK economy has grown less since 2008 recession. The news is potentially awkward for Prime Minister David Cameron and Treasury chief George Osborne ahead of an election next year, in which the economy looms large...
Copper and industrial metals recovered after data showed the economy of the U.S., the second-biggest consumer of the metal, grew at the fastest pace since 2003 last quarter...
Hong Kong stocks ended flat on a holiday-shortened session on Wednesday, while Japanese Nikkei closed higher...
Arab OPEC producers expect global oil prices to recover to between $70 and $80 per barrel by the end of 2015 as a global economic recovery revives demand, OPEC delegates said this week in the first indication of where the group expects oil markets to stabilise in the medium term...
On Tuesday U.S. stocks were poised for a higher open, putting the Dow and S&P 500 on track to extend a four-day rally after an unexpectedly strong GDP report. In general, trading volume is expected to be light this week due to the Christmas holiday...
On Tuesday the greenback was soaring near nine-year highs versus the other major currencies, ahead of highly anticipated U.S. third quarter growth data and as expectations for a U.S. rate hike by next year continued to lend broad support to the dollar. The U.S...
Ruble swap: China is challenging IMF as emergency lender, gaining more influence over global economy
This weekend Chinese officials anounced they are willing to expand a $24 billion currency swap program to help Russia weather the worst economic crisis since the 1998 default. Some time earlier, China has already provided $2...