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China's politically charged trade surplus shrank for the third year in a row in 2011

China export growth slows on weak demand from Europe

Growth in China’s exports slowed in December because of sluggish demand from the US and Europe. Exports rose by 13.4% from a year earlier, the customs agency said, down from 13.8% in November. Import growth also slowed, rising 11.8% compared with the previous year, much lower than the 22.1% growth in November. The latest figures […]

Philipp Hildebrand: "I had no knowledge of my wife's transactions that day"

Swiss National Bank chairman Philipp Hildebrand resigns

The chairman of the Swiss National Bank (SNB), Philipp Hildebrand, has resigned with immediate effect. It follows revelations his wife Kashya bought $504,000 (£323,024) in August, three weeks before the central bank intervened to cap the Swiss franc. He told a news conference he had “no knowledge” of his wife’s transaction, which she later made […]