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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: sea_urchin who wrote (22110)	12/7/2004 2:31:35 AM
From: The Wharf	Read Replies (1) \| Respond to of 81157

China, Europe moving closer Shi Nangen Updated: 2004-12-07 08:50 Chinese and Europeans are similar in many aspects. They bracket one continent and seem to be moving closer all the time. PM touts China-Canada trade as Chinese firm confirms interest in Alberta oil Mon Dec 6, 9:03 PM ET NANCY CARR TORONTO (CP) - One month before a trade mission to China, Prime Minister Paul Martin said Canada must do more business with the booming Asian giant, whose economy could soon surpass that of the world's economic engine, the United States. MARKET FEATURE Rand's fate unlikely to mirror current face of dollar December 7, 2004 By Patrick Mathidi Are there similarities between the current behaviour of the rand and that of the dollar 10 years ago? South Africa is currently building up a sizeable trade deficit as a result of cheap imports on the back of a stronger currency. Soon, the trade deficit will result in a sizeable current account deficit, and like the US, both economies have historically, but for differing reasons, low domestic savings levels. In addition, like the US, our "twin" deficits have up to now been financed by "hot money" in the form of investment portfolio flows in the absence of any notable foreign direct investment. Trichet, EU Finance Chiefs Urge U.S. to Fight Dollar's Decline Listen Dec. 7 (Bloomberg) -- European Central Bank President Jean- Claude Trichet joined European finance ministers in urging the U.S. to halt the decline of the dollar, warning that the currency's slide risks derailing global growth. Making a rare appearance at a press conference after meeting with European finance ministers, Trichet said the U.S., Europe and Asia have to do their ``homework'' to reverse the euro's record- setting run against the dollar. ``We have a joint statement which clearly says that all major countries and economic areas must play their part more actively in reducing global imbalances,'' Trichet said late yesterday in Brussels.