The Philippines has posted better-than-forecast economic growth, fuelled by its services sector and higher consumer and government spending.
Showing posts with label US economy. Show all posts
Showing posts with label US economy. Show all posts
Friday, August 30, 2013
Sunday, August 25, 2013
Indonesia aims to boost economy as emerging Asia struggles
JAKARTA: Indonesia today announced measures to shore up its economy as Asia's emerging nations come under huge pressure from outflows of foreign cash that have sent their stock markets and currencies plummeting.
Wednesday, June 5, 2013
Cybersecurity tops Obama's agenda for China talks
WASHINGTON: President Barack Obama will be looking for signs from China's leader at their upcoming meeting that Beijing is ready to address its reported high-tech spying, which the White House sees as a top threat to the US economy and national security.
Tuesday, February 12, 2013
China becomes the world's biggest trading nation, beats US dominance
BEIJING: China surpassed the US to become the world's biggest trading nation last year as measured by the sum of exports and imports of goods, a milestone in the Asian nation's challenge to the US dominance in global commerce that emerged after the end of World War II.
Sunday, December 16, 2012
China, US factory data improves but global risks remain
NEW YORK: China's vast manufacturing sector grew in early December and US factories were having their best month since April, surveys showed on Friday, adding to hopes that the world's top two economies were on the mend.
Wednesday, April 18, 2012
China increases its US debt holding for second month
China has increased its holding of US debt for the second month in a row as its foreign exchange reserves continue to rise.
Saturday, March 24, 2012
Japan posts surprise trade surplus in February
Japan posted a surprise trade surplus in February, after a record high deficit the previous month, as external demand picked up.
Monday, November 7, 2011
Asian shares up after Greece vote U-turn
Asian markets rose Friday as Greece scrapped plans for a national vote on last week's eurozone rescue package, which had drawn condemnation and shocked world markets.
Friday, June 3, 2011
Asia: Besieged by political and US economic gloom
LONDON (SHARECAST) - Uncertainty about the future of Japan’s Prime Minister Naoto Kan sent stocks in Tokyo sharply lower on Thursday.
Naoto Kan indicated that he would resign once the country's post earthquake crisis was over. He later survived a no-confidence vote after offering to step down.
Naoto Kan indicated that he would resign once the country's post earthquake crisis was over. He later survived a no-confidence vote after offering to step down.
Saturday, March 19, 2011
US, EU stabilizing, but Asia poses economic worry: S&P
SINGAPORE -- Just as growth is stabilizing in the long-troubled United States and Europe, concerns are now emerging about Asia's economic health.
The unfolding disaster in Japan following last Friday's earthquake, along with the turmoil in the Arab world, have raised questions about economic growth in these regions, said ratings agency Standard & Poor's chief global economist David Wyss.
The unfolding disaster in Japan following last Friday's earthquake, along with the turmoil in the Arab world, have raised questions about economic growth in these regions, said ratings agency Standard & Poor's chief global economist David Wyss.
Wednesday, January 19, 2011
Asian stocks climb to 31-month highs
Asian stocks rose, driving a regional benchmark index to a 2 1/2-year high, as US earnings beat analyst estimates and amid speculation that China's steps to slow inflation won't curb its economic expansion.
Samsung Electronics, the world's biggest maker of televisions, climbed 2.3 per cent in Seoul. Honda Motor, which gets about 43 per cent of its revenue from North America, climbed 0.5 per cent in Tokyo. Komatsu, a Japanese maker of earthmoving machines that earns about 19 per cent of its revenue from China, rose 1.8 per cent, while BHP Billiton, the world's largest mining company, advanced 0.8 per cent in Sydney after metal prices rallied.
The MSCI Asia Pacific Index climbed 0.9 per cent to 140.21 as of 1:32 p.m. in Tokyo after Apple and International Business Machines Corp. reported earnings that exceeded analysts' estimates, and as speculation mounted that China will tomorrow report gross domestic product growth of more than 9 per cent.
Advertisement: Story continues below
The gauge is set to close at its highest level since June 19, 2008.
"The earnings recovery in the U.S. has been exceptional post-crisis," said Prasad Patkar, who helps manage about $1.8 billion at Platypus Asset Management in Sydney.
"It seems the recovery in the US economy is starting to broaden, which will support revenue and earnings growth. China's economy is robust, but it'll take at least six months of strong data to silence those calling a policy-induced hard landing."
Quarterly earnings
About five stocks rose for every three that fell on the Asia-Pacific index, with material and energy companies advancing the most among the 10 industry groups it tracks.
Of the 22 companies represented on the gauge that have reported net income for the latest quarter, 11 have exceeded analyst estimates while eight have missed them, according to data compiled by Bloomberg.
Japan's Nikkei 225 Stock Average gained 0.3 per cent.
South Korea's Kospi Index climbed 0.8 per cent, Australia's S&P/ASX 200 Index increased 0.7 per cent, and Hong Kong's Hang Seng Index added 0.8 per cent.
Futures on the Standard & Poor's 500 Index were little changed today.
The US stock index rose 0.1 per cent yesterday in New York, extending a seven-week rally, as gains in commodity producers and a pledge by European finance chiefs to support the region overshadowed lower-than-estimated profit at Citigroup Inc.
IBM, the world's largest computer-services provider, posted fourth-quarter profit and sales that topped analysts' estimates as companies spent more on computer systems and software.
The shares climbed in late trading.
Apple exceeds estimates
After the close of regular New York trading, Apple, whose Chief Executive Officer Steve Jobs is taking medical leave, reported quarterly net income of $US6.43 a share, compared with $US5.41 a share estimated on average by analysts surveyed by Bloomberg.Samsung and Hynix Semiconductor Inc., the world's two largest makers of the chips, climbed in Seoul trading.
Samsung gained 2.3 per cent to 991,000 won and Hynix rose 0.5 per cent to 27,800 won.
Honda climbed 0.3 per cent to 3,330 yen in Tokyo, and Canon Inc., a Japanese camera maker that gets about 80 per cent of its revenue abroad, gained 0.4 per cent to 4,195 yen.
"The US market is still the bellwether in the world," said Jason Teh, who helps manage about $3.1 billion at Investors Mutual Ltd. in Sydney.
"A recovering US economy is good for the world given that the nation is the world's largest consumer."
Komatsu, the world's second-largest maker of construction and mining equipment, rose 1.8 per cent to 2,555 yen in Tokyo.
Hitachi Construction Machinery Co., the world's biggest maker of giant excavators, advanced 1.1 per cent to 2,042 yen.
China growth
Government reports tomorrow will probably show inflation in China cooled to 4.6 per cent in December while the economy likely expanded 9.4 per cent in the fourth quarter, according to the median estimates of economists surveyed by Bloomberg News.
BHP Billiton, which counts China as its largest market, rose 0.8 per cent to $45.99 in Sydney after a measure of metals traded in London rose 0.5 per cent yesterday and copper futures for March delivery climbed 0.4 per cent in New York.
Rio Tinto Group, the world's third-biggest mining company, gained 0.8 per cent to $87.53. Korea Zinc Co., the world's biggest producer of refined zinc, surged 4 per cent to 315,500 won in Seoul.
In Hong Kong, China Construction Bank Corp., the nation's second-largest lender advanced 1 per cent to $HK7.19 and smaller rival Bank of China Ltd. gained 1.7 per cent to $HK4.31.
China Shipping Container Lines Co., the nation's No. 2 carrier of sea-cargo boxes, climbed 3.1 per cent to $HK3.94 before trading in its shares was suspended pending an earnings statement.
The company late yesterday said 2010 profit was "better than expected" following a recovery in the global industry.
The MSCI Asia Pacific Index rose 14.3 per cent last year, compared with gains of 12.8 per cent by the S&P 500 and 8.6 per cent by the Stoxx Europe 600 Index.
Stocks in the Asian benchmark were valued at 14.3 times estimated earnings on average at the last close, compared with 13.6 times for the S&P 500 and 11.3 times for the Stoxx 600.
"Following macro improvements in the U.S. economy, micro factors such as an earnings recovery are beginning to show," said Hiroichi Nishi, an equities manager in Tokyo at Nikko Cordial Securities Inc. "The opaque outlook for the economy is starting to clear."
Source: http://www.smh.com.au
Samsung Electronics, the world's biggest maker of televisions, climbed 2.3 per cent in Seoul. Honda Motor, which gets about 43 per cent of its revenue from North America, climbed 0.5 per cent in Tokyo. Komatsu, a Japanese maker of earthmoving machines that earns about 19 per cent of its revenue from China, rose 1.8 per cent, while BHP Billiton, the world's largest mining company, advanced 0.8 per cent in Sydney after metal prices rallied.
The MSCI Asia Pacific Index climbed 0.9 per cent to 140.21 as of 1:32 p.m. in Tokyo after Apple and International Business Machines Corp. reported earnings that exceeded analysts' estimates, and as speculation mounted that China will tomorrow report gross domestic product growth of more than 9 per cent.
Advertisement: Story continues below
The gauge is set to close at its highest level since June 19, 2008.
"The earnings recovery in the U.S. has been exceptional post-crisis," said Prasad Patkar, who helps manage about $1.8 billion at Platypus Asset Management in Sydney.
"It seems the recovery in the US economy is starting to broaden, which will support revenue and earnings growth. China's economy is robust, but it'll take at least six months of strong data to silence those calling a policy-induced hard landing."
Quarterly earnings
About five stocks rose for every three that fell on the Asia-Pacific index, with material and energy companies advancing the most among the 10 industry groups it tracks.
Of the 22 companies represented on the gauge that have reported net income for the latest quarter, 11 have exceeded analyst estimates while eight have missed them, according to data compiled by Bloomberg.
Japan's Nikkei 225 Stock Average gained 0.3 per cent.
South Korea's Kospi Index climbed 0.8 per cent, Australia's S&P/ASX 200 Index increased 0.7 per cent, and Hong Kong's Hang Seng Index added 0.8 per cent.
Futures on the Standard & Poor's 500 Index were little changed today.
The US stock index rose 0.1 per cent yesterday in New York, extending a seven-week rally, as gains in commodity producers and a pledge by European finance chiefs to support the region overshadowed lower-than-estimated profit at Citigroup Inc.
IBM, the world's largest computer-services provider, posted fourth-quarter profit and sales that topped analysts' estimates as companies spent more on computer systems and software.
The shares climbed in late trading.
Apple exceeds estimates
After the close of regular New York trading, Apple, whose Chief Executive Officer Steve Jobs is taking medical leave, reported quarterly net income of $US6.43 a share, compared with $US5.41 a share estimated on average by analysts surveyed by Bloomberg.Samsung and Hynix Semiconductor Inc., the world's two largest makers of the chips, climbed in Seoul trading.
Samsung gained 2.3 per cent to 991,000 won and Hynix rose 0.5 per cent to 27,800 won.
Honda climbed 0.3 per cent to 3,330 yen in Tokyo, and Canon Inc., a Japanese camera maker that gets about 80 per cent of its revenue abroad, gained 0.4 per cent to 4,195 yen.
"The US market is still the bellwether in the world," said Jason Teh, who helps manage about $3.1 billion at Investors Mutual Ltd. in Sydney.
"A recovering US economy is good for the world given that the nation is the world's largest consumer."
Komatsu, the world's second-largest maker of construction and mining equipment, rose 1.8 per cent to 2,555 yen in Tokyo.
Hitachi Construction Machinery Co., the world's biggest maker of giant excavators, advanced 1.1 per cent to 2,042 yen.
China growth
Government reports tomorrow will probably show inflation in China cooled to 4.6 per cent in December while the economy likely expanded 9.4 per cent in the fourth quarter, according to the median estimates of economists surveyed by Bloomberg News.
BHP Billiton, which counts China as its largest market, rose 0.8 per cent to $45.99 in Sydney after a measure of metals traded in London rose 0.5 per cent yesterday and copper futures for March delivery climbed 0.4 per cent in New York.
Rio Tinto Group, the world's third-biggest mining company, gained 0.8 per cent to $87.53. Korea Zinc Co., the world's biggest producer of refined zinc, surged 4 per cent to 315,500 won in Seoul.
In Hong Kong, China Construction Bank Corp., the nation's second-largest lender advanced 1 per cent to $HK7.19 and smaller rival Bank of China Ltd. gained 1.7 per cent to $HK4.31.
China Shipping Container Lines Co., the nation's No. 2 carrier of sea-cargo boxes, climbed 3.1 per cent to $HK3.94 before trading in its shares was suspended pending an earnings statement.
The company late yesterday said 2010 profit was "better than expected" following a recovery in the global industry.
The MSCI Asia Pacific Index rose 14.3 per cent last year, compared with gains of 12.8 per cent by the S&P 500 and 8.6 per cent by the Stoxx Europe 600 Index.
Stocks in the Asian benchmark were valued at 14.3 times estimated earnings on average at the last close, compared with 13.6 times for the S&P 500 and 11.3 times for the Stoxx 600.
"Following macro improvements in the U.S. economy, micro factors such as an earnings recovery are beginning to show," said Hiroichi Nishi, an equities manager in Tokyo at Nikko Cordial Securities Inc. "The opaque outlook for the economy is starting to clear."
Source: http://www.smh.com.au
Tuesday, January 4, 2011
Oil mixed in Asia on improving US economy
Oil was mixed in Asia today on strong economic data suggesting an improvement in the health of the US economy.
New York's main contract, light sweet crude for February delivery, dipped eight cents to $91.47 a barrel. Brent North Sea crude for February was up three cents at $94.87.
The Institute for Supply Management said yesterday that US manufacturing activity grew for the 17th month in a row in December, bolstering confidence that the US economic recovery is gaining momentum.
The Commerce Department also said that construction spending rose by 0.4% in November to its highest point in five months. The US is the world's biggest oil-consuming nation.
Analysts said that oil sentiment has turned decidedly bullish, partly driven by unusually cold weather, but more due to an increasingly optimistic consensus view on the 2011 economic performance, especially for the US.
Source: www.rte.ie
New York's main contract, light sweet crude for February delivery, dipped eight cents to $91.47 a barrel. Brent North Sea crude for February was up three cents at $94.87.
The Institute for Supply Management said yesterday that US manufacturing activity grew for the 17th month in a row in December, bolstering confidence that the US economic recovery is gaining momentum.
The Commerce Department also said that construction spending rose by 0.4% in November to its highest point in five months. The US is the world's biggest oil-consuming nation.
Analysts said that oil sentiment has turned decidedly bullish, partly driven by unusually cold weather, but more due to an increasingly optimistic consensus view on the 2011 economic performance, especially for the US.
Source: www.rte.ie
Subscribe to:
Posts (Atom)