China to Loan South Sudan $8 Billion for Infrastructure Projects

By Jared Ferrie ( bloomberg.com )

China will provide South Sudan $8 billion in development loans over the next two years, a government spokesman said.

The loans will be used for road construction, agriculture, hydroelectricity, infrastructure and telecommunications, which would be built by Chinese companies, according to Barnaba Marial Benjamin, South Sudan’s government spokesman. He declined to reveal the cost of the borrowings.

China signed agreements promising to provide the funding during South Sudanese president

Japan No Financial Plan Can Cause Deflation

By Paul Panckhurst (bloomberg.com)

Japan’s absence of “concrete reform plans” for the nation’s finances may be contributing to deflation and sluggish economic growth by discouraging spending by the public, central bank Governor Masaaki Shirakawa said.

Consumers may be limiting spending “on concerns over future fiscal developments,” Shirakawa said in remarks prepared for an event in Washington yesterday. This may be “one factor behind 

sluggish economic growth and mild deflation,” he said.

All About Forex Currency Converters

By Freeha Baig

A currency converter is a very handy tool not only for Forex world but as well as daily life. When you travel, order goods over internet it's necessary to find current value of foreign currency. Many of these currency converters can be found on the internet but most of them are delivered only with advertisement of the company, like broker house or travel agency who, provide this kind of tool.

What are the types of currency converters?
There are many types of currency converters online. The types differ by their intended purposes and the information they give. Choosing the right converter depends on what you really need from it. Below are some of the useful converters that you have to choose from.