China’s trade slump eases in September, aiding government efforts to sustain economic recovery

SHANGHAI — The slump in China’s exports eased in September in a sign global trade is improving and bolstering the government’s efforts to sustain an economic recovery.

Report that oil producers may move away from dollar sends US currency close to year lows

LONDON — The dollar fell Tuesday towards year lows against the euro and the yen after a report that Arab states and other countries were contemplating an end to the U.S. currency’s role in the pricing oil.

Financial Times report: China making bid for huge Nigerian oil reserves

One of China’s three energy majors is negotiating with Nigeria to buy large stakes in some of the world’s richest oil blocs, according to a media report Tuesday.

Israel reserves right to use any means to stop Iran, US vows tougher sanctions if talks fail

JERUSALEM — Israel insisted Monday it will do whatever it must to stop Iran from getting a nuclear weapon, even as the visiting U.S. defense chief promised tougher international sanctions if Tehran spurns an offer of talks.

Central bank says China’s foreign reserves have risen to $2.13 trillion

BEIJING — China’s foreign reserves rose to $2.13 trillion at the end of June despite a trade slump, data showed Wednesday, and analysts said that suggested the flow of foreign money into stocks and real estate was rising.

Major Asian markets slip, but European shares open higher as investors gauge economic outlook

BANGKOK — Major Asian markets drifted lower Monday and European stocks gained as investors awaited key data later this week for clues on whether hopes for a global economic recovery are justified.

Dollar up against euro, yen after China central banker says exchange policy ’stable’

BEIJING — The dollar gained against the yen and euro on global markets Monday after China’s chief central banker said there will be no sudden changes in its policy on foreign exchange reserves.

Dollar falls after mixed US data, Russian call for reserve alternative to buck

NEW YORK — The dollar fell Tuesday after the U.S. government released a mixed batch of economic data, even while an official statement from the “BRIC” summit had no explicit mention of the buck.

Brazil, Russia, India and China: world needs more diversified international monetary system

YEKATERINBURG, Russia — Brazil, Russia, India and China on Tuesday called for a more diversified international monetary system, but wrapped up their first full-fledged summit by avoiding any explicit criticism of the world’s dominant currency, the U.S. dollar.

Russia pushes for new reserve currencies at international summits, China offers loans

YEKATERINBURG, Russia — The leaders of four major emerging economies — Russia, China, Brazil and India — apparently failed Tuesday to reach consensus on reducing the dominance of the U.S. dollar despite growing calls for an alternative global reserve currency.

Russia pushes for new reserve currencies at international summits

YEKATERINBURG, Russia — China and Russia sought greater international clout at a summit Tuesday, with China promising a $10 billion loan to Central Asian countries, while Russia challenged the dominance of the U.S. dollar as a global reserve currency.

Kremlin adviser: Russia may put part of its currency reserves in bonds of China, Brazil, India

YEKATERINBURG, Russia — The Kremlin’s top economic adviser says Russia may put part of its currency reserves in bonds issued by Brazil, China and India.

Russia’s Central Bank says it will sell US treasuries and eyes IMF bonds

MOSCOW — Russia’s Central Bank says it plans to cut reserves it holds in U.S. Treasuries and invest in International Monetary Fund bonds instead, a senior official said Wednesday.

Latin American stocks end week at 8-month highs as commodity prices boost recovery hopes

MEXICO CITY — Latin American stocks were mixed Friday but ended the week at eight-month highs as rising commodity prices boosted outlooks for some of the region’s top exporters and suggested a deeper economic recovery.

China continues energy shopping spree with joint purchase of Kazakh oil producer

ALMATY, Kazakhstan — The rivalry between Russia and the West for Central Asia’s energy resources has generated headlines. But it’s Chinese companies that have been snapping up assets in the region.

China reports 76 percent increase in gold reserves since 2003 as foreign assets grow

BEIJING — China has increased its gold reserves by 76 percent since 2003 to 1,054 tons and now ranks fifth among nations with the biggest holdings, a state news agency reported Friday.