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Archive Asia Economy

  • LONDON, May 25- The dollar was on the defensive on Thursday, with investors low on incentives to buy the greenback after the Federal Reserve dialled down some expectations that it would hike interest rates soon, while the euro began to climb back towards a 6-1/ 2- month high. The minutes were seen to indicate heightened Fed caution towards interest rate hikes and...

  • Strong Asia export data partly due to higher oil prices: Standard Chartered

    Marios Maratheftis, chief economist at Standard Chartered Bank, speaks about the impact of oil prices on regional markets.

  • BEIJING— The International Monetary Fund said Thursday lenders have approved a $5.5 billion financing package for Mongolia to support reforms meant to revive economic growth and reduce reliance on mineral exports. The fund said it would provide $434 million to Mongolia over three years and others including the Asian Development Bank, the World Bank, Japan,...

  • SEOUL, May 25- South Korea's central bank kept interest rates steady on Thursday, taking an unusually bullish view of economic growth prospects as a new administration formulates multi-billion-dollar fiscal stimulus measures. The Bank of Korea's monetary policy committee held its base rate steady at 1.25 percent as predicted by all 19 economists surveyed...

  • TOKYO— While world attention has focused on Kim Jong Un's recent missile tests, a month-long surge in gasoline prices in Pyongyang is showing no signs of letting up— a puzzling problem that if allowed to drag on could be very bad news for the North Korean economy. That means North Korea now has some of the highest prices in the world for gasoline.

  • SEOUL, May 25- Following is the full text of the statement released by the Bank of Korea in English after the central bank kept interest rates unchanged at on Thursday. "The Monetary Policy Board of the Bank of Korea decided today to leave the Base Rate unchanged at 1.25 percent for the intermeeting period." "Based on currently available information the Board...

  • May 24- Chicago Federal Reserve President Charles Evans signaled a cautious stance toward further U.S. interest-rate increases in remarks prepared for delivery on Thursday in Tokyo, saying that below-target U.S. inflation is "a serious policy outcome miss." While the U.S. economy, now at 4.4 percent unemployment, has returned to "essentially" full employment,...

  • It was another non-event at OPEC's last meeting.

    All eyes are on OPEC ahead of a highly-anticipated meeting later in the day, but the big downside risk comes from China, an analyst said.

  • TOKYO- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy at Keio University- 0200 GMT. WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on "Global Economic Issues" before panel at the "Voices of Experience: A Conversation with Former Treasury Under Secretaries for International...

  • TOKYO- Federal Reserve Bank of St. Louis President James Bullard gives presentation on the U.S. economy and monetary policy at Keio University- 0200 GMT. WASHINGTON- Federal Reserve Board Governor Lael Brainard speaks on "Global Economic Issues" before panel at the "Voices of Experience: A Conversation with Former Treasury Under Secretaries for International...

  • A Chinese magazine poster showing U.S. President Donald Trump is displayed at a newsstand in Shanghai, China March 21, 2017.

    Trump's globalist business approach runs counter to his nationalistic agenda, N.Y. Times reports.

  • It's difficult to get a real read on Chinese economy: Jim Cramer

    China's an enigma, says "Squawk on the Street's" Jim Cramer weighing in on Moody's downgrade of China.

  • LONDON, May 24- The dollar stayed pinned near 6-1/ 2- month lows on Wednesday, investors' focus shifting from U.S. politics to monetary policy after comments from a Federal Reserve official rekindled expectations of an interest rate hike next month. Diminishing expectations of a promised fiscal boost to the U.S. economy from President Donald Trump and a...

  • *Moody's says expects China growth to slow to close to 5 pct. *China: Moody's over-estimates risks, methodology inappropriate. "The downgrade reflects Moody's expectation that China's financial strength will erode somewhat over the coming years, with economy-wide debt continuing to rise as potential growth slows," the ratings agency said in a statement,...

  • Xiao Jie, Minister of Finance attends a press conference at Media Center on March 7, 2017 in Beijing, China.

    China has rejected a move by Moody's to lower its credit rating, saying the downgrade exaggerates the difficulties facing the economy and underestimates the government's reform agenda.

  • *Moody's says expects China growth to slow to close to 5 pct. SHANGHAI/ BEIJING, May 24- Moody's Investors Service downgraded China's credit ratings on Wednesday for the first time in nearly 30 years, saying it expects the financial strength of the economy will erode in coming years as growth slows and debt continues to rise. "The downgrade reflects Moody's...

  • KIEV, May 24- Ukraine needs more time to submit proposals for coal and gas projects to China in order to secure funding worth up to $3.65 billion as Kiev is unlikely to meet a June deadline, Deputy Prime Minister Stepan Kubiv told Reuters. Ukraine needs the money to revamp its energy infrastructure at a time when its economy is emerging from a deep recession and is...

  • *Moody's says expects China growth to slow to close to 5 pct. *China: Moody's over-estimates risks, methodology inappropriate. "The downgrade reflects Moody's expectation that China's financial strength will erode somewhat over the coming years, with economy-wide debt continuing to rise as potential growth slows," the rating agency said in a statement,...

  • Moody's downgrades China to Aa3

    CNBC's Eunice Yoon updates on credit ratings agency Moody's decision to downgrade China from "A1" to "Aa3", based on the size and growth rate of its debt.

  • Chinese flag

    Moody’s has downgraded China rating to A1 from Aa3, with a stable outlook.

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