Zimbabwe inflation reaches 2,200% (BBC News)
Inflation in Zimbabwe reached a record 2,200% in March amid a deepening economic and political crisis in the southern African country.
Both food and non-food contributed to the year-on-year inflation rate, said central bank Governor Gideon Gono.
The March data had been due for release earlier this month but had been delayed, fanning fears of further crippling price rises.
Mr Gono said secured interest rates would rise to 600%, up from 500%.
He said the Zimbabwean currency would remain at the existing exchange rate of 250 to the US dollar but offered a new rate for central bank purchases of foreign currency to help build a new "drought stabilisation fund".
Exporters claim their businesses have been devastated by this skewed exchange rate. Inflation hit 1,730% in February, the highest in the world.
http://news.bbc.co.uk/2/hi/business/6597993.stm
Admission of ETFs and China CITIC Bank as Designated Securities for Short Selling ...
The Stock Exchange of Hong Kong Limited (the Exchange), a wholly-owned subsidiary of Hong Kong Exchanges, has announced that the following Exchange Traded Funds (ETFs) will be admitted to the list of designated securities eligible for short selling tomorrow (Thursday, 26 April) when they are listed on the Exchange's Main Board.
Stock Code Name, 2810 Lyxor ETF MSCI India, 2813 Lyxor ETF MSCI Korea,
2826 Lyxor ETF Nasdaq-100, 2809 Lyxor ETF Commodities CRB
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Hang Seng Index (27/04/2007)
HSI 20526.5 (-140.79) -0.68%
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