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Asia braces for direct hit
For Asia, the deepening debt troubles in the West are like a giant asteroid on a collision course — too big to dodge or ignore, and difficult to pinpoint precisely where the worst damage will be done. With roughly $3 trillion of reserves held in the form of US Treasury debt — more than $2 trillion in China and Japan alone — Asia would be directly exposed to a US debt downgrade or
For Asia, the deepening debt troubles in the West are like a giant asteroid on a collision course — too big to dodge or ignore, and difficult to pinpoint precisely where the worst damage will be done. With roughly $3 trillion of reserves held in the form of US Treasury debt — more than $2 trillion in China and Japan alone — Asia would be directly exposed to a US debt downgrade or
SE Asia more wary of QE3 than US debt default
The prospect of a US ratings downgrade due to a debt default could see extra funds flow to Southeast Asia for a short time, but the bigger risk is that a new round of quantitative easing would
US private sector hiring lifts March payrolls
US employers created jobs in March at the fastest rate in three years as private firms stepped up hiring, the strongest signal yet that the economic recovery is on a solid footing and needs less
US retail sales rise as shoppers fight winter blues
The US retail sales rose unexpectedly last month despite heavy snow storms that were thought to have kept shoppers at home and bolstered hopes of a sustainable economic recovery.
The US retail sales rose unexpectedly last month despite heavy snow storms that were thought to have kept shoppers at home and bolstered hopes of a sustainable economic recovery.
Payrolls data buoy job creation hopes
US employers cut fewer jobs than expected during snow-battered February and the unemployment rate held steady at 9.7 per cent, bolstering views the economy was on the brink of creating jobs.
US employers cut fewer jobs than expected during snow-battered February and the unemployment rate held steady at 9.7 per cent, bolstering views the economy was on the brink of creating jobs.
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