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Archive Asia Economy

  • BERLIN— The Latest on Germany's tougher stance on Turkey following the jailing of a human rights activist:. Germany's Economy Ministry says it's putting all applications for the export of defense equipment to Turkey under examination. Turkey's president has accused Germany's government of trying to scare off investments to Turkey with lies, after Germany...

  • Gross domestic product in North Korea last year rose 3.9 percent from the previous year when the economy contracted due to a drought and low commodity prices, the Bank of Korea said. North Korea, which counts China as its biggest trading partner, also boosted exports by 4.6 percent, the most since an 11.8 percent jump in 2013.. The Bank of Korea has released GDP data...

  • BEIJING— Is the outsize role played by China's government in its economy to blame for its multibillion-dollar trade surpluses with the United States? But economists say while Beijing hampers access to its markets, the bulk of China's trade surplus stems from its role in complex global manufacturing chains instead of trade policy. But tensions bubbled up this...

  • TOKYO, July 21- The euro held near two-year highs against the dollar on Friday after the head of the European Central Bank said tapering of its stimulus will be on the table this autumn, while a solid global economic outlook kept Asian share prices near decade highs. "Although bond markets didn't take his comments as something particularly new, the currency market...

  • MONDAY, JULY 24 TOKYO- Bank of Japan releases minutes of Monetary Policy Meeting held on June 15 and 16 2350 GMT. WEDNESDAY, JULY 26 TOKYO- Bank of Japan Deputy Governor Hiroshi Nakaso speaks to business leaders in Hiroshima- 0130 GMT. OAKDALE, Minneapolis- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated...

  • MONDAY, JULY 24 TOKYO- Bank of Japan releases minutes of Monetary Policy Meeting held on June 15 and 16 2350 GMT. WEDNESDAY, JULY 26 TOKYO- Bank of Japan Deputy Governor Hiroshi Nakaso speaks to business leaders in Hiroshima- 0130 GMT. OAKDALE, Minneapolis- Federal Reserve Bank of Minneapolis President Neel Kashkari participates in a moderated...

  • WASHINGTON, July 20- Seeking a more positive spin on U.S.- China economic talks viewed as ending in discord, China said on Thursday that the two sides agreed to "active and effective measures" to reduce global excess steel production capacity. Their statement did not mention steel and cited only one point of consensus, a "shared objective" to work towards reducing...

  • Benchmark copper on the London Metal Exchange was up 0.2 percent at $5,972 at 1045 GMT, close to Monday's high of $6,022.50- the first rise above $6,000 since March 2. "There's still a halo effect from the stronger-than-expected Chinese numbers," ETF Securities analyst Nitesh Shah said. CHINA ECONOMY: The Asian Development Bank raised its 2017 and 2018 growth...

  • *China set to become world's largest card market by 2020. HONG KONG, July 20- U.S.-based payment card companies, including American Express, MasterCard and Visa, are preparing to submit license requests to operate in China within months, according to three people with direct knowledge of the matter. The move comes against a backdrop of growing economic friction...

  • *BOJ keeps interest rate targets steady as expected. *Offers brighter economic view than in June but inflation tepid. TOKYO, July 20- The Bank of Japan kept monetary policy steady on Thursday but once again pushed back the timing for achieving its ambitious inflation target, reinforcing views it will lag well behind other major central banks in scaling back its...

  • *No new major steps to reduce U.S. trade deficit with China. *China, U.S. say still share lower trade deficit goal. WASHINGTON, July 20- The United States and China failed on Wednesday to agree on major new steps to reduce the U.S. trade deficit with China, casting doubt over President Donald Trump's economic and security relations with Beijing.

  • DILI, East Timor— Almost two dozen parties are contesting parliamentary elections in East Timor this weekend that are likely to return independence heroes to power despite frustration in the young democracy with lack of economic progress and warnings the country could be bankrupt within a decade. But the current cast of leaders, whose popularity owes much to...

  • *No new major steps to reduce U.S. trade deficit with China. *China, U.S. say still share lower trade deficit goal. WASHINGTON, July 19- The United States and China failed on Wednesday to agree on major new steps to reduce the U.S. trade deficit with China, casting doubt over President Donald Trump's economic and security relations with Beijing.

  • *BOJ keeps interest rate targets steady as expected. *Gov Kuroda to brief media at 0630 GMT. TOKYO, July 20- The Bank of Japan kept monetary policy steady on Thursday but once again pushed back the timing for achieving its ambitious inflation target, reinforcing views that it will lag well behind other major central banks in scaling back its massive stimulus...

  • MANILA, Philippines— Stronger-than-expected export demand has improved growth prospects for Asia's developing economies, including China, the Asian Development Bank said Thursday. "Developing Asia is off to a good start this year with improved exports pushing growth prospects for the rest of 2017," said ADB's chief economist Yasuyuki Sawada.

  • Some experts said they expected the BOJ to lower its inflation forecast in a continued battle with stubbornly weak price growth.

  • *BOJ keeps interest rate targets unchanged. *Gov Kuroda to brief media at 0630 GMT. TOKYO, July 20- The Bank of Japan kept monetary policy steady on Thursday but again pushed back the timing for achieving its inflation target, reinforcing expectations it will lag well behind other major central banks in scaling back its massive stimulus program.

  • *Global stocks at record, Asia ex- Japan index hits 9-1/ 2- yr high. *Strong earnings propel Wall Street to close at all-time highs. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.15 percent, hovering near its highest level since December 2007.

  • TOKYO— Japan's central bank has opted to keep its lavish monetary stimulus intact while downgrading its outlook for inflation. The Bank of Japan's policy meeting ended Thursday with no change to its injections of trillions of yen into the economy each year through government bond purchases. Haruhiko Kuroda has sought to spur inflation, and encourage...

  • BEIJING, July 20- China said on Thursday that it and the United States acknowledged "significant progress" on a 100- day action plan for trade and discussed a one-year plan on economic cooperation. The Chinese embassy in Washington made the comments in a statement after an annual economic dialog ended there on Wednesday with canceled news conferences.

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