Saturday, November 30, 2013

Japan Price Gauge Rises Most Since ’98 in Boost to Abe: Economy

A gauge of Japan’s prices (JCPNEFEY) rose the most in 15 years as higher energy costs fueled broader inflation pressures, in a sign Prime Minister Shinzo Abe is making progress in stamping out deflation.

Friday, November 29, 2013

The Tailwinds For Asia's Growth In 2014

Asia, and China in particular, has been touted as the driver pulling the crisis-infested developed world away from the brink of a global financial cliff.

Thursday, November 28, 2013

BOJ posts first net profit in five years in April-Sept on weak yen

Nov 27 (Reuters) - The Bank of Japan on Wednesday posted its first profit in five years at the fiscal half-year mark as a weak yen pushed up the value of its foreign currency-denominated assets.

Wednesday, November 27, 2013

India ready to start Iran oil cash transfer after deal

(Reuters) - India could step up imports from Iran next month and start transferring billions of dollars owed it for oil as early as next week following a deal to curb Tehran's nuclear programme.

Tuesday, November 26, 2013

China fights back against US accusations of blocking WTO technology deal

(Reuters) - Commerce Minister Gao Hucheng denounced the United States as "irresponsible" on Sunday after Washington accused China of jeopardizing a deal that aims to cut tariffs on technology products, saying Washington had disappointed participants in the talks.

Monday, November 25, 2013

China warns North Korea, blames Japan for tension

(Reuters) - China warned North Korea on Friday it would not tolerate chaos on its doorstep, while blaming Japan for the tension between Asia's two largest economies.

Sunday, November 24, 2013

India to seek rupee trade payments to support battered currency

(Reuters) - India is preparing to lobby major trading partners including Japan, Iraq and Venezuela to accept rupee payments for some of their exports, one of a series of moves to stabilise the volatile currency and make it more globally acceptable.

Saturday, November 23, 2013

U.S. says China's exemption demands jeopardize WTO technology deal

(Reuters) - The United States accused China on Thursday of jeopardizing talks on eliminating trade tariffs on billions of dollars of technology products due to its determination to claim dozens of exemptions.

Friday, November 22, 2013

BOJ's Kuroda, upbeat on global outlook, says Japan recovery on track

(Reuters) - Bank of Japan Governor Haruhiko Kuroda said the U.S. and euro zone economies are gaining strength, seeking to dispel concerns among other policymakers that Japan's export engine and broader recovery were vulnerable to weakness overseas.

Wednesday, November 20, 2013

Philippines Imposes Fuel Rationing in Typhoon Areas

The Philippine government imposed further rationing of fuel in areas affected by Typhoon Haiyan, with aid bottlenecks remaining even as supplies started to reach more remote areas.

Tuesday, November 19, 2013

Japan's Fukushima nuclear plant begins fuel rod removal

Workers at Japan's stricken Fukushima nuclear plant have begun removing fuel rods from a storage pond at the Unit 4 reactor building.

Sunday, November 17, 2013

China to build power plants in Yemen, expand ports

SANAA (Reuters) - China will build power plants in Yemen with total output capacity of 5,000 megawatts and expand the Arab country's main container ports, the Yemeni president said after his return from a visit to China, state news agency Saba reported.

Saturday, November 16, 2013

Malaysian Economic Growth Accelerates Before Fiscal Tightening

Malaysia’s economy expanded at the fastest pace in three quarters as exports recovered and domestic demand held up before Prime Minister Najib Razak raised fuel prices in September.

Friday, November 15, 2013

Top Japan banks' second-quarter earnings leap thanks to 'Abenomics' bull market

(Reuters) - Japan's top banks logged strong second quarter profit growth and raised their full-year outlook as a surge in the Tokyo stock market boosted equity portfolios, but other benefits of "Abenomics" have yet to spread to their core lending business.

Thursday, November 14, 2013

India's industrial output picks up in September

MUMBAI, India (AP) -- India's industrial production picked up by 2 percent in September over the previous year, the government said Tuesday.

Wednesday, November 13, 2013

Korea Intervention Bets Prompt Aberdeen to Dump Won: Currencies

Aberdeen Asset Management Plc dumped its holdings of South Korean won as the nation’s central bank said last month it may intervene to stem the currency’s gains.

Tuesday, November 12, 2013

Despite human cost of typhoon, Philippines economy on track

(Reuters) - A super typhoon that devastated the central Philippines is expected to curb growth and push up inflation in the coming months, but the damage is unlikely to dent the country's new-found status as Southeast Asia's rising economic star.

Monday, November 11, 2013

China Government Investing Less In Economy

China’s government is investing less in the economy, with a 20% month over month growth rate in September the lowest on the year .

Sunday, November 10, 2013

Asian Stocks Slump for Longest Weekly Losing Streak Since June

Asian stocks fell this week, with the benchmark measure capping its longest weekly losing streak since June, amid concern the U.S. Federal Reserve may soon decide the economy is strong enough to begin paring stimulus and as investors awaited a meeting of China’s leaders this weekend.

Saturday, November 9, 2013

China trade data adds to recovery hopes

China's exports and imports rose in October, the latest in a series of figures indicating a recovery. Exports, a key driver of its growth, rose 5.6% from a year earlier, while imports jumped 7.6%.

Friday, November 8, 2013

China Thaw Lets Taiwan Expand Trade Deals to Add Singapore

Taiwan signed its biggest trade deal yet with a country that has diplomatic ties with Beijing, as the island tries to integrate its economy with the rest of Asia’s and to diversify economic allies beyond China.

Thursday, November 7, 2013

Indonesian economy sees weakest growth in four years

Indonesia's economy expanded at its weakest rate in four years in the third quarter as a result of slowing exports and subdued domestic demand.

Wednesday, November 6, 2013

BOJ Kuroda offers upbeat view on China, U.S. outlook despite risks

(Reuters) - Bank of Japan Governor Haruhiko Kuroda voiced confidence on Tuesday that the economies of China and the U.S., Japan's two big export markets, will continue to recover and help achieve the central bank's 2 percent inflation target.

Tuesday, November 5, 2013

China’s Leaders to Start Reform Summit With Recovery

China’s Communist Party leaders will enter a policy-making summit this week with the economy on an upswing, services and manufacturing surveys show.

Monday, November 4, 2013

Bangladesh FX reserves hit record $17.35 bn in October

DHAKA: Bangladesh's foreign exchange reserves hit a record high of $17.35 billion in October on the back of rising exports and slower imports, the central bank said on Sunday.

Sunday, November 3, 2013

China's economy to sustain 'mid- to high-speed' growth: premier

BEIJING (Reuters) - China's economy will keep growing at mid- to high speed in coming years, Premier Li Keqiang said on Friday, promising to lead the world's second-largest economy on a road of "comprehensive reform".

Saturday, November 2, 2013

Asia factory activity picks up; India remains a worry

BEIJING (Reuters) - Asia's factory sectors grew at their fastest pace in months in October led by China, providing some signs of a pickup in global demand as export orders expand.

Friday, November 1, 2013

Taiwan Economy Grew Slowest Pace in a Year in Third Quarter

Taiwan’s economy grew at the slowest pace in a year in the third quarter, as a weak global recovery reduced demand for the island’s exports, increasing pressure on the central bank to extend an interest-rate pause.