Saturday, June 19, 2021

Tag Archives: economy

Japan’s Q1 growth beats expectations

TOKYO, May 16 (Reuters) – Japan’s economy grew faster than expected in January-March, expanding at its quickest pace in a year on the back of solid private consumption and a rise in exports spurred by Prime Minister Shinzo Abe’s aggressive monetary and fiscal stimulus. Thursday’s Cabinet office data showed, however, that corporate investment has yet to follow to ensure a …

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Asia spearheads economic recovery, but risks overheating

After a lethargic year plagued by slow recovery and lukewarm markets, the IMF foresees Asia leading the three-speed global recovery with at least 5.75 percent overall growth in the region, but warns of a financial imbalance in 2013. There will be gradual growth in 2013, and inflation is expected to stay within a manageable range, the International Monetary Fund said …

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Singapore economy contracts in first quarter of 2013

Based on advance estimates from the Ministry of Trade and Industry, the Singapore economy contracted by 0.6 per cent on a year-on-year basis in the first quarter of 2013. On a quarter-on-quarter basis, the economy contracted by 1.4 per cent. SINGAPORE: The Singapore economy contracted by 0.6 per cent on a year-on-year basis in the first quarter of 2013, according …

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Asian Central Banks Poised to Pause as Oil Adds Price Pressures

Asia-Pacific central banks will probably hold off on adding monetary stimulus this week as higher oil prices combine with diminishing concern of a euro- region meltdown to make the case for preserving firepower. South Korea and New Zealand will hold interest rates tomorrow, according to all economists surveyed by Bloomberg News. Indonesia will keep its key rate at 5.75 percent …

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China vows 9 mln new jobs in 2012

BEIJING, March 5 (Xinhua) — China aims to create more than 9 million new jobs in towns and cities this year as part of the government’s efforts in bettering people’s well-being, Premier Wen Jiabao told the parliament’s annual session Monday. “Employment is of great importance to China’s development and the people’s well-being,” Wen said at the Fifth Session of the …

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Economic restructuring most pressing task: Wen

china economy

BEIJING, March 5 (Xinhua) — Transformation of the mode of development and economic restructuring are the most pressing tasks at present for the Chinese government, Premier Wen Jiabao said in a government work report Monday. These measures are the “key to solving the problems of imbalanced, uncoordinated, and unsustainable development” in China, said Wen in the report delivered at the …

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Data Suggest China on Track for a Soft Landing

China soft landing

China’s activity data were just released. Both production (IP growth) and demand (investment and retail sales) data suggest China is on track for a soft landing. The market could gain more confidence in the resilience of the Chinese economy, and needs to put less hope on an imminent monetary policy easing (other than some possible measures to offset the RRR …

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Asian currencies advance

asian currencies

Asian currencies advanced for a third week after reports signaled a pickup in U.S. economic growth, spurring inflows into emerging-market assets. The Bloomberg-JPMorgan Asia Dollar Index (ADXY), which tracks the region’s 10 most-active currencies excluding the yen, added to this year’s rally after claims for jobless benefits among Americans held at a four-year low. The Federal Reserve said on Feb. 29 the economy …

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Hong Kong: Model for growth in Asia

Hong Kong is an economically sustainable model for Asia, with “one of the best liveable environments in the world”, says Dr Kenneth DeWoskin, Director of Deloitte China Research and Insight Centre. Ahead of the Asian Financial Forum 2012, Dr DeWoskin believes the Rmb gives Hong Kong a competitive advantage and its marketisation “has reached an equilibrium”. Speaker: Dr Kenneth DeWoskin, …

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Asian Stocks and Treasuries Fall on Economic Growth Concern

stock asian

Feb. 23 (Bloomberg) — Asian stocks fell as reports signaled slowing global economic growth and Hewlett-Packard Co. forecast profit that missed estimates. The euro advanced for a second day, while oil declined from a nine-month high. The MSCI Asia Pacific Index declined 0.2 percent as of 3:28 p.m. in Tokyo. Euro Stoxx 50 Index futures and Standard & Poor’s 500 …

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