Sunday, November 30, 2014

PH economy slows down sharply in third quarter

The Philippine economy grew in the third quarter at its slowest pace in nearly three years due to weak public spending, putting at risk President Benigno S. Aquino III’s goal of boosting the nation’s annual expansion to a record by 2016.

Saturday, November 29, 2014

Why India markets will continue to break records

India markets have made a stunning recovery from last year's taper tantrum, with the Nifty index at record highs, and some analysts are calling the run up just the beginning.

Friday, November 28, 2014

Dubai discusses ways to integrate Asia into global economy

DUBAI: Global finance leaders and policy makers have emphasised on the importance of integration of Asia into global economy at a summit here hosted by the Gulf Emirate.

Thursday, November 27, 2014

China won't consider more rate cuts or easing until fourth quarter data out: official

(Reuters) - China's central bank will wait until fourth-quarter economic data is out and monitor U.S. and Japanese monetary policy before considering any more rate cuts or easing, a central bank adviser said on Tuesday.

Wednesday, November 26, 2014

Singapore economy to grow 3.0 percent in 2014: govt

Singapore's economy is expected to slow to growth of 3.0 percent this year as a global deterioration hits the city-state's crucial trade outlook, the government said on Tuesday.

Tuesday, November 25, 2014

South Korea holds winning hand as Japan gambling bill dies

TOKYO/SEOUL, Nov 24 (Reuters) - South Korea looks like the consolation prize as Japan's $15 billion casino dream fades, a setback for companies such as Las Vegas Sands Corp that envisioned a new gaming hub rivalling Las Vegas in 2020.

Monday, November 24, 2014

China commits $45.6 billion for economic corridor with Pakistan

(Reuters) - The Chinese government and banks will finance Chinese companies to build $45.6 billion worth of energy and infrastructure projects in Pakistan over the next six years, according to new details of the deal seen by Reuters on Friday.

Sunday, November 23, 2014

South Korean Debt Expands at 7-Year High

Household debt in South Korea is rising at its fastest pace in seven years, driven by government efforts to help prop up the economy.

Saturday, November 22, 2014

Japan exports grow strongly in Oct, cutting economic gloom

(Reuters) - Japanese exports grew in October at the fastest pace in eight months, an encouraging sign that global demand could help the country recover from recession and support the central bank's optimistic economic outlook.

Friday, November 21, 2014

Why China won't be Asia's dominant power

China may be Asia's economic powerhouse but it won't become the region's dominant power, according to a new report.

Thursday, November 20, 2014

Australia as Guinea Pig Opened China Services Market, Robb Says

Australia will serve as a guinea pig in China’s services market, bringing expertise to the world’s second-largest economy without dominating it, Trade Minister Andrew Robb said.

Wednesday, November 19, 2014

Australian, Indian leaders target free trade pact, economic boost

(Reuters) - Australia and India will push for a free trade pact, Australian Prime Minister Tony Abbott and Indian Prime Minister Narendra Modi said on Tuesday during a rare state visit to Canberra by an Indian leader.

Tuesday, November 18, 2014

Japanese recession figures prompt talk of snap election

Japan has unexpectedly sunk into recession in the third quarter, raising the prospect of a snap election as the country’s prime minister, Shinzo Abe, attempts to secure a mandate to breathe life into the world’s third biggest economy.

Monday, November 17, 2014

China opens first leg of high-speed railway in Xinjiang

(Reuters) - China opened the first stretch of a new high-speed railway in the western region of Xinjiang on Sunday, a milestone in the central government's efforts to promote economic development in restive hinterlands and bind them closer to the rest of China.

Sunday, November 16, 2014

Hong Kong Flags 2014 Growth at Bottom of Range on Occupy Protest

Pro-democracy protests that froze sections of Hong Kong’s business and shopping districts and sluggish exports will push the city’s full-year economic growth to the lower end of the government’s forecast range.

Saturday, November 15, 2014

Japan PM Abe's expected tax delay a new headache for BOJ chief Kuroda

(Reuters) - Prime Minister Shinzo Abe's expected decision to delay a tax hike compounds problems for Bank of Japan Governor Haruhiko Kuroda, who already faces an increasingly divided board and financial markets that are questioning his credibility.

Friday, November 14, 2014

China's economy shows more signs of weakness

A slew of economic data out of China, which came in below forecasts on Thursday, has highlighted the continuing downward pressure facing the Asian giant.

Thursday, November 13, 2014

BOJ's Miyao: chance high that QE exit debate can begin in second half of FY 2015

(Reuters) - Bank of Japan board member Ryuzo Miyao said on Wednesday there is a high chance that the central bank can begin debating an exit to its quantitative easing in the second half of fiscal 2015, the most specific comments to date about when that debate will start.

Wednesday, November 12, 2014

China's economic risks 'not scary' - President Xi Jinping

The risks facing China's economy are not "scary", President Xi Jinping has told global business leaders. In a speech to chief executives ahead of the Asia Pacific Economic Cooperation (Apec) summit he sought to dispel concerns about the economy.

Tuesday, November 11, 2014

South Korea says won't stand by as weak yen hits competitiveness

(Reuters) - South Korean authorities won't sit on their hands while a tumbling yen undercuts the country's export competitiveness, the central bank chief said on Friday, but policymakers could be reluctant to reduce interest rates, and currency intervention offers limited relief.

Monday, November 10, 2014

Kerry Meets Chinese CEOs Between Talks on Ukraine and Iran

Between discussing Ukraine with Russia’s foreign minister in Beijing and flying to a meeting on Iran’s nuclear program, U.S. Secretary of State John Kerry took time to meet with some of China’s biggest investors in the U.S.

Sunday, November 9, 2014

Annual China trade growth slows in October in further sign of fragility

Exports have been the lone bright spot in the last few months, perhaps helping to offset soft domestic demand, but there are doubts about the accuracy of the official numbers amid signs of a resurgence of speculative currency flows through inflated trade receipts.

Saturday, November 8, 2014

Japan banker hopes for smalltown encore with 'curtain call' loans

(Reuters) - While rival banks sit on their deposits, frustrating government efforts to reflate Japan's stagnant economy, regional banker Takashi Tsuchiya will write you a loan to close your business or end your marriage.

Friday, November 7, 2014

Exclusive: Modi sell-off drive stalls, more Indian spending cuts on way

(Reuters) - India will fall well short of its $9.5 billion privatization target this year, despite a big stock market rally that has attracted foreign investors, two government sources told Reuters.

Thursday, November 6, 2014

Mongolian Premier Altankhuyag Ousted in No-Confidence Vote

Mongolian Prime Minister Altankhuyag Norov lost a no-confidence vote over his handling of the economy and will step down along with the rest of his cabinet.

Wednesday, November 5, 2014

Japan economy minister calls for fiscal stimulus if third-quarter GDP data weak

TOKYO (Reuters) - Japanese Economy Minister Akira Amari said on Monday that the government should deploy fresh fiscal stimulus to prop up the economy if third-quarter preliminary gross domestic data due on Nov. 17 turns out weak, public broadcaster NHK reported.

Tuesday, November 4, 2014

China new house price declines slow in October: Survey

BEIJING: Declines in China's new home prices slowed in October, a survey showed Friday, though figures still fell for a sixth straight month as property woes weigh on growth in the world's second-largest economy.

Monday, November 3, 2014

South Korea exports rise 2.5 percent in October, trade surplus at record

(Reuters) - South Korean exports rose slightly faster than expected in October but imports saw their sharpest drop in 13 months, dragged down by softer demand for raw materials and capital goods, data showed on Saturday.

Saturday, November 1, 2014

Hong Kong Protesters Mull Beijing Trip to Seek Talks

Hong Kong protesters said they may attempt to visit Beijing next week to seek talks with China’s top leaders while the nation plays host to a global summit whose attendees will include U.S. President Barack Obama.