MANILA, Philippines— Officials say the Philippine economy expanded 6 percent in the third quarter and forecast the same growth rate for the full year. The main driver of the economy in the third quarter was service industries, which expanded 7.3 percent. Economic Planning Secretary Arsenio Balisacan said Thursday the data is "an encouraging sign of a steadily...» Read More
NEW YORK, Nov 25- The dollar gained and the euro fell as far as a seven-month low on Wednesday following a Reuters report that the European Central Bank is weighing further easing monetary policy soon, including buying more debt and charging banks for hoarding cash. European stocks rallied and Wall Street was little changed, leaving an MSCI measure of equities...
BEIJING, Nov 25- China announced a number of policies on Wednesday to encourage foreign trade and help exporters as the world's second-largest economy struggles with persistent weakness in demand at home and abroad. China's exports and imports were down for the first 10 months of the year, with the picture for foreign trade "complicated and grim", according to a...
LONDON, Nov 25- Turkish shares hit six-week lows on Wednesday and the lira extended losses on fears that rising tensions with Russia could hurt the already shaky economy. MSCI's emerging equity index was flat though Chinese shares closed higher as the dollar reversed earlier losses to inch back towards a recent eight-month high against a basket of currencies.
CNBC reports on India's campaign to get global businesses to build products in the country, which is part of a larger drive to become a global manufacturing hub.
LONDON, Nov 25- There won't be any press conferences, fireworks or tears to mark its passing, but the latest wave of austerity worldwide may well have had its day. While that may sound peculiar to Greeks still struggling to meet stiff budget targets set by creditors or even Britons faced with another round of spending cuts by finance minister George Osborne this...
Skincare and cosmetics retailer Sa Sa is shaking up its product offering as customers are increasingly buying cheaper goods.
Singapore's economy grew at a much faster clip in Q3 than initially estimated as an influx of visitors boosted the hospitality sector.
The Westpac MNI China Consumer Sentiment Indicator rose to 113.1 in November from 109.7 in October, which was a record low.
Two Bank of Japan board members dissented from the bank's baseline scenario that inflation would reach 2 percent by 2017.
TOKYO, Nov 24- Japan will raise the minimum wage by 3 percent each year from next fiscal year as part of a package of policies aimed at strengthening consumer spending and stoking economic growth. The policies are also a positive development for the Bank of Japan, because it could lead to move private consumption and make it easier to guide inflation to its 2...
Chinese Premier Li Keqiang said the country looked set to meet its growth target and was adjusting for reasonable longer-term expansion.
Kumar Palghat, Managing Director, Kapstream, explains how corporate debt issuance have been getting delayed in China due to a lack of demand.
Ancha Srinivasan, principal climate change specialist at the ADB, explains why the economic damage from this year's El Nino will be high.
India is suffering from a huge infrastructure deficit that is hurting its ability to attract businesses and capital. CNBC's Martin Soong reports from Mumbai.
The shipping industry is set for consolidation on the back of a collapse in freight rates as growth in China slows.
TOKYO, Nov 23- Japan's government plans to raise the minimum wage and introduce other steps to revitalize the economy, but the draft of stimulus measures seen by Reuters on Monday appeared to break no new ground on reforms that analysts say are needed to end decades of stagnation. However, some economists remained skeptical of the plans because they do not do...
*Pfizer set to buy Allergan for over $150 bln- sources. SYDNEY, Nov 23- The euro sagged to a seven-month trough on Monday as the prospect of more policy easing in Europe benefited the U.S. dollar, while activity in Asian shares was crimped by a holiday in Japan. The head of the European Central Bank, Mario Draghi, last week offered the strongest hint yet that the ECB will...
Arthur Kwong, head of APAC equities at BNP Paribas Investment Partners, explains that markets are holding back due to uncertainty over the timing of a Fed rate hike.
Sean Darby, global head of equity strategy at Jefferies, explains that China's real income growth. amid a low inflation environment, had given consumption a boost.
Japan will release a slew of data and companies around Asia will unveil earnings reports, in a busy week for markets.