Monthly Archives: March 2011

(FT) — Investigators have found evidence that nearly $30m of funds budgeted for China’s Beijing-Shanghai high-speed rail line was misappropriated last year, in another blow to the country’s scandal-plagued high-speed rail sector. China’s state audit office said on Wednesday it … Continue reading →

The world’s richest nations have carried out coordinated action in the currency markets to try to stabilise the Japanese yen. It is first time since 2000 that G7 countries have jointly intervened in the currency markets. The yen weakened after … Continue reading →

(CNN) — The devastating earthquake and tsunami in Japan will rank among the costliest natural disasters on record, experts predict. Japan’s central bank announced plans Monday to inject a record 15 trillion yen ($183 billion) into the economy to reassure … Continue reading →

(FT) — European inflation risks have mounted as a result of turmoil in the Middle East, the European Commission has warned as a fall in eurozone unemployment highlighted the robust pace of economic growth across the continent at the start … Continue reading →