China and the U.S. coordinate on macroeconomics

China's finance minister talks about macroeconomic policy

China's finance minister, Lou Jiwei, stated today that the United States and China will be further enhancing their coordination on macroeconomic policy.

China implements proactive measures

The Chinese nation will be implementing proactive measures on fiscal and monetary policies, Lou stated in his talks in Beijing.

Lou further highlighted that, despite the fragile recovery in the U.S., the investors and the traders should not be that much worried about an additional interest rate rise in the U.S.

Philippine's inflation rises at a fast pace

Philippine's inflation, on an annual basis, escalated at the fastest rhythm in May and for the last five months, amid higher gasoline prices.

The nation's inflation stayed below the 2% - 4% target that the central bank initially had in mind.

The central bank will be holding a meeting on June 23, while, in the meantime, having implemented a faster and more accurate approach in its interest rates system.

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