U.S. Treasury Secretary Timothy Geithner has warned the EC over its proposal to tighten regulations on hedge funds through legislation

U.S. Treasury Secretary Timothy Geithner has warned the European Commission (EC) over its proposal to tighten regulations on hedge funds through legislation in a letter to the European Union (EU) official, a spokesman from EC confirmed the saying on March 11, Xinhuanet reported.

China's CPI rose by 2.7 percent in Feb. from a year earlier；Official says the CPI will slow in Mar. as seasonal factors fade

China's consumer price index (CPI) rose by 2.7 percent in Feb. from a year earlier, up from January's 1.5 percent increase, the National Bureau of Statistics announced on Mar.11. Regarding that, bureau spokesman Sheng Laiyun said the rise in Feb. was partly attributable to structural and seasonal factors, especially to the Lunar New Year holiday.

JP Morgan has signed a memorandum of understanding with First Capital Securities Co., recently, planning to set up a securities joint venture in China in 2010.

Before JP Morgan, Goldman Sachs Group Inc., UBS AG and other investment banks have already been operating joint ventures in China.

European governments are set to establish a European Monetary Fund (EMF) to reduce economic instability in the eurozone

European governments are set to establish a European Monetary Fund (EMF), mirroring the International Monetary Fund, to reduce economic instability in the eurozone.

According to the latest research report from Nomura Securities, China's new loans in Feb. 2010 are expected to drop to RMB 600 billion, with the CPI up 2.1%. CITIC Securities expressed a similar opinion.

For the impact of China's traditional Spring Festival, new loans in February would always drop a lot from a historical point of view. On the other hand, the deposit-reserve ratio has been raised twice by the central bank, which was taken as a signal of credit tightening.

China will consider investing more of its foreign exchange reserves in gold "cautiously" based on market conditions

China will consider investing more of its foreign exchange reserves in gold "cautiously" based on market conditions, Yi Gang, vice governor of the People's Bank of China (PBC) and head of the State Administration of Foreign Exchange (SAFE) told at a conference when interviewed on foreign exchange management and foreign exchange reserves.

Urging the Congress to vote on the bill in the next several weeks, President Obama said he's going to do everything in his power to make the case for reform

U.S. President Barack Obama unveils a revised version of his proposal on the health insurance reform at the White House in Washington D.C. on Mar.3. Urging the Congress to vote on the bill in the next several weeks, he said he's going to do everything in his power to make the case for reform, Xinhua News Agency reported.

SPD Bank confirmed talks with China Mobile on stake purchase and strategic cooperation;trading of its shares would remain suspended

Shanghai Pudong Development Bank (SPD Bank) said on Mar.3 it was in talks to sell a stake and conduct strategic cooperation with China Mobile and its subsidiary in a statement. SPD said trading of its shares would remain suspended as the plans needed consideration.

Australian central bank raised its key cash rate by a quarter of a percentage points to 4 percent, effective Mar.3,2010

The Reserve Bank of Australia (RBA) Australian central bank raised its key cash rate by a quarter of a percentage points to 4 percent, effective Mar.3,2010, following its board meeting Tuesday, Xinhua News Agency reported.

China remains the largest foreign holder of U.S. Treasury securities at the end of 2009

China remains the largest foreign holder of U.S. Treasury securities at the end of 2009, according to a new government data released on Feb.26, 2010. China held 894.8 billion U.S. dollars in Treasury at the end of Dec. 2009, more than 755.4 billion U.S. dollars that had been previously estimated. Japan held 76.57 billion U.S. dollars, less than 76.9 billion that had been previously estimated.

According to a forecast by the European Commission on Feb.25, the European Union economy will gradually increase by 0.7 percent, but still facing headwinds

According to a forecast by the European Commission on Feb.25, the European Union economy will gradually increase by 0.7 percent, but still facing headwinds.

According to Xinhua News Agency, an earthquake struck Tibet at 12：42 on Feb.26, 2010, measured at a magnitude of 5.0 by China Earthquake Networks Center.

It was centered in Tingri County in Shigatse Region (86.8E, 28.4N), at a depth of 33 km.

World trade fell by 12 percent last year amid the economic crisis, the worst ever decline since 1945, the World Trade Organization (WTO) chief Pascal Lamy said on Wednesday.

The figure was announced at a breakfast policy briefing hosted by the European Policy Centre, a Brussels-based think tank. "It is the worst contraction in more than 60 years", said Pascal Lamy.

According to the Ministry of Commerce, China's non-financial investment in overseas markets hit 43.3 billion U.S. dollars in 2009, up 6.5 percent year on year.

Mr. Dominique Strauss-Kahn, managing Director of the International Monetary Fund (IMF), named Mr. Zhu Min, currently Vice President of the People's Bank of China, as a special advisor to the Managing Director

Mr. Dominique Strauss-Kahn, managing Director of the International Monetary Fund (IMF), named Mr. Zhu Min, currently Vice President of the People's Bank of China, as a special advisor to the Managing Director.