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San Antonio's seasonal job losses offset by annual gains |
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Written by Administrator
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Thursday, 06 March 2008 |
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San Antonio area employers lost 11,200 jobs in January, or 1.3 percent of its total employment. However, what was lost over the last month has been offset by a net gain of 24,200 jobs, or 3 percent, since January 2007. That's according to information released Thursday by Alamo WorkSource. |
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China Quashes Talk of a Surge in Yuan |
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Written by Administrator
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Thursday, 06 March 2008 |
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BEIJING -- China's central-bank governor said a stronger currency isn't the best or only way to fight inflation, countering widespread expectations that the yuan's gains will accelerate as the nation's prices rise at their fastest pace in more than a decade. "Faster currency appreciation helps to rein in inflation, but not a lot," Zhou Xiaochuan, governor of the People's Bank of China, told reporters on Thursday. "To curb inflation, we will rely more on domestic policies....There is no need to use exchange-rate reforms as a way to fight inflation." |
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Last Updated ( Thursday, 06 March 2008 )
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Written by Administrator
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Thursday, 06 March 2008 |
The recent announcement on June 19 of the reduction and elimination of VAT rebates for certain export products will have a significant impact not only on China’s export of manufactured goods to the U.S. but also on the fundamental structure of the manufacturing sector in China. The following is a summary of the current status:
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Last Updated ( Thursday, 06 March 2008 )
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After the Fall: Life Moves On For Rogue Traders |
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Written by Administrator
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Thursday, 06 March 2008 |
 Jérôme Kerviel "I was in the bank again," says Mr. Iguchi, who spent 12 stressful years trying to hide and recoup what became a $1.1 billion trading loss at the New York branch of Daiwa Bank Ltd. in the 1980s and '90s. |
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Last Updated ( Thursday, 06 March 2008 )
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China's Wen Targets Inflation, Inefficiency and Pollution |
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Written by Administrator
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Thursday, 06 March 2008 |
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While acknowledging the dangers to China from rising tensions with trading partners and the turmoil in international financial markets, Chinese Premier Wen Jiabao says, however, that rising prices are the "biggest concern" for ordinary Chinese people. Delivering his annual report Wednesday on the work of the government to the annual meeting of China's legislature, he offered numerous measures to both sustain growth and curb inflation in the short term. But, as Andrew Batson reports, the premier kept the focus on a broader set of long-term solutions that he hopes will reduce China's vulnerability to those and other potential challenges. A major part of that agenda is streamlining the central-government bureaucracy into fewer but stronger agencies to cut red tape. The legislature will discuss and approve the plans in coming days. Mr. Wen called for changes to make China's economy more efficient, equitable and environmentally friendly as it faces the contradictory challenges of quickening domestic inflation and a global slowdown. He told legislators that the government must "concentrate on changing the way the economy develops and adjust the economic structure to improve the quality and efficiency of economic growth." Read Andrew Batson's report:
http://online.wsj.com/article/SB120472207074813499.html |
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