Nation urged to increase holdings of gold Gold displayed at a shop in Shanghai. As of December, China ranked sixth worldwide in gold holdings, with about 1,054 tons, says a report released by the World Gold Council. Provided to China Daily BEIJING - China should further diversify its foreign-exchange portfolio and make more gold purchases when the

Productivity Weaker Than Thought, Wages Slip- The rebound in U.S. nonfarm productivity growth was not as strong as previously estimated in the third quarter, while wages declined for two straight quarters, supporting the Federal Reserve's views of moderate inflation pressures.Productivity increased at a 2.3 percent annual rate, the Labor Department said