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A revaluation of the Chinese currency would harm the economic growth of South Korea and the stability of the Chinese economy, a high-level official from South Korea told China Daily on Tuesday.
US Federal Reserve Chairman Ben Bernanke urged the government and Congress to take action to curb federal budget deficit problem, warning that the red ink would do "great damage" to the US economy in the long run.
The ash cloud resulting from a volcanic eruption has caused economic damage of up to 2.5 billion euros ($3.3 billion) to the European airline industry, the European Commission said on Tuesday.
Standard & Poor's cut its long- term sovereign credit rating on Greece to junk status on Tuesday, suggesting further downgrades were possible.
Wall Street tumbled Tuesday, with the Dow Jones industrial average falling more than 200 points, as market sentiment was badly hurt after Standard & Poor's cut its rating on Greece.
Gold futures on the COMEX Division of the New York Mercantile Exchange ended higher on Tuesday, lifted by escalating concerns that the sovereignty debt crisis is mushrooming to other debt-plagued eurozone countries. Silver and platinum both closed sharply lower.
Crude prices fell on Tuesday on concerns over Europe's debt woes.
Oil prices retreated toward $84 a barrel on Monday as Greece debt worries sent the dollar rising.
Toyota Motor Corp announced Monday from its head office in Nagoya, Aichi Prefecture, its global auto sales in fiscal 2009 fell 1.4 percent to 7,291,000 units, marking the second successive year of decline.
Gulf oil-exporter Kuwait said on Monday the world oil demand is estimated to increase by around 5 million barrels per day in the next five years.
A courtyard house next to Beihai Park that was once part of a Qing dynasty palace is being advertised online for 420 million yuan and attracting the interest of State-owned enterprises.
| Name | Value | Change | Time |
| Shanghai | 2,975.24 | -0.28% | Fri |
| Shenzhen | 13,224.98 | +0.87% | Fri |
| HSI | 23,607.22 | -0.18% | Fri |
| NIKKEI | 9,426.71 | +0.54% | Fri |
| Dow | 11,146.57 | +0.35% | Thur |
| Nasdaq | 2,459.67 | +0.09% | Thur |