Washington treats China with care

America met with its lead banker this week and was forced to answer plenty of tough questions about its spending habits. „Attention should be given to the fiscal deficit,” China’s finance minister, Xie Xuren, warned the U.S.

Oil jumps 5%

Oil jumped more than 5% to top $66 a barrel Thursday as economic data sparked fresh optimism that the recession may be bottoming out.

Curbing a yen for Japanese stocks

Investors have been putting more money into Japanese equity funds than they’ve been taking out for four straight weeks, according to fund flow tracker EPFR. The streak is the longest since the third quarter of 2008.