China's GDP expands by 11.1% in 1Q. - Avenue - 20 Apr, 2007 China's economy grew at a faster- than-forecast 11.1% pace in the 1Q from a year earlier, powered by exports that have inflamed trade tensions and increased the risk of overheating. China's government may raise rates or allow the yuan to appreciate faster to curb runaway investment in property, factories and the stock market. Inflation accelerated to 3.3%, the fastest pace in more than two years, and breached the central bank's 3% target for the year.
Wrapping up on Wall Street - Dow hits record again. - Avenue - 20 Apr, 2007 The Dow industrials ended at an all-time high Thursday, closing at a record level for the second day in a row, while the broader market struggled amid worries about global growth. The DJIA (up 4.79 to 12,808.63) gained a few points and ended at an all-time high for the second session. The blue-chip average neared, but did not take out the trading high of 12,838.46 hit on Wednesday. The broader S&P 500 (down 1.77 to 1,470.73) index lost less than 2 points, backing off after ending the previous session at a six-and-a-half-year high. The Nasdaq composite lost 0.2%.
