News that Matters – 1/17

By www.thetrader.se

 

Ft.com
Copper for delivery in three months at the LME on Monday rose to $8,082 a tonne, up 6.9 per cent in January so far after suffering a 22 per cent plunge over the course of 2011, reports the FT. Inventories of copper at LME-registered warehouses stood at 354,575 tonnes on Mondayhttp://ftalphaville.ft.com/thecut/2012/01/17/836021/copper-price-jumps-a…

China’s economy expanded 8.9 per cent in the fourth quarter of last year, extending a slowdown that began at the [...]

CHINA RUSSIA CLOSER

 

Chinese President Hu Jintao (front) arrives in Moscow, Russia, June 15, 2011. Hu Jintao arrived in Moscow Wednesday for a state visit to Russia to deepen pragmatic cooperation between China and Russia. He will attend the St. Petersburg International Economic Forum during visit. (Xinhua/Rao Aimin)

Chinese President Hu Jintao arrived in Moscow on Wednesday for a state visit aimed at deepening pragmatic cooperation between China [...]

DOLLAR CRISIS IMMINENT: BRAZIL, RUSSIA, INDIA, CHINA – FASTEST GROWING ECONOMIES – SIGNED AN AGREEMENT TO USE THEIR OWN CURRENCIES INSTEAD OF THE US DOLLAR

IANS, Apr 14, 2011, 01.46pm IST

SANYA: Brazil, Russia, India, China and South Africa – the BRICS group of fastest growing economies – Thursday signed an agreement to use their own currencies instead of the predominant US dollar in issuing credit or grants to each other.

The agreement, the first-of-its-kind, was signed at the 3rd BRICS summit here attended by Indian Prime Minister Manmohan Singh, China’s [...]