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China's central bank announced late Saturday it would allow its currency to float on the open market, a move widely applauded by Western leaders.
President Barack Obama welcomed Saturday's news that China's central bank will allow its national currency to float ahead of the G-20 summit in Toronto, Canada, next week.
In a statement issued Saturday, Obama praised China's decision to increase the

Rate changes by the Fed can affect consumers' budgets. Here's how the Fed's announcement affects auto loan rates. (source: Bankrate) - News widgets and RSS feeds on Feedzilla.com

New home building increased overall in August, a government report said Thursday, but the gain was clouded by a dip in new construction of single-family homes. (source: CNN) - RSS feeds and Feed widget on Feedzilla.com

It looks like Ben Bernanke is right in saying the recession is ending: Today, Tiffany's advertised a $115,000 diamond and platinum bracelet in its page three New York Times spot -- and convicted swindler Bernie Madoff's Montauk beach house sold for more th... (source: CNN) - RSS feeds and Feed widget on Feedzilla.com

The Woolwich today became the second lender in two weeks to launch a mortgage with a rate of less than 2 per cent. (source: The Independent) - News widgets and RSS feeds on Feedzilla.com

Mortgage lending fell sharply last month, new figures revealed today, prompting concerns about the sustainability of the housing market's recovery. (source: The Independent) - RSS widgets and RSS feeds on Feedzilla.com

Rate changes by the Fed can affect consumers' budgets. Here's how the Fed's announcement affects mortgage shoppers and ARM holders. (source: Bankrate) - RSS feeds and Feed widget on Feedzilla.com