Week of July 24, 2011 thru July 30, 2011
SYDNEY (MNI) - Total credit to the private sector fell 0.1%
month-on-month in June after rising 0.3% in May, data released by the
Reserve Bank of Australia Friday showed.
BEIJING (MNI) - Financial conditions worsened for Chinese companies
in July as credit remained scarce, new order growth slowed and input
prices remained high, the results of the Market News International China
Business Sentiment Survey indicate.
The MNI China Business Sentiment Survey was conducted July 11 to
26th with 184 listed companies taking part.
BEIJING (MNI) - A default on U.S. debt would cause "serious losses"
for China, being the largest holder of U.S. Treasury instruments, the
official Xinhua News Agency said Friday.
But aside from the losses China would incur on its foreign exchange
reserves, the biggest impact would be felt through the effects of a
double-dip recession in the U.S. and even the world economy, Xinhua said
in a report.
Around two-thirds of China's $3.2 trillion in foreign exchange
reserves are thought to be held in dollars. China officially held $1.16
BEIJING (MNI) - The People's Bank of China set the yuan's central
parity rate against the U.S. dollar at 6.4442 on Friday, lower than
Today's fixing is below the record high of 6.4426 set on Wednesday.
Dlr-CNY Eur-CNY Yen-CNY
Today fixing 6.4442 9.2233 8.2846
Prev. fixing 6.4438 9.2604 8.2703
Prev. close 6.4428 -- --
%Chg since June 19* 5.95% -- --
TOKYO (MNI) - Japan's industrial
TOKYO (MNI) - The Bank of Japan executive director in charge
monetary policy repeated Friday that the central bank will continue to
closely watch the impact of the strong yen on the prospects for Japanese
inflation and growth.
TOKYO (MNI) - Japan's average household spending posted the ninth
straight year-on-year drop in June, with the pace of the decline
accelerating from the previous two months, the Ministry of Internal
Affairs and Communications showed Friday.
TOKYO (MNI) - Japan's industrial output rose for a third straight
month in June,
TOKYO (MNI) - Japan's unemploymen