Archive Asia Economy

  • CNBC takes a look which Asian stock indexes rose and fell so far this year in a low growth, volatile environment.

  • PARIS— Renault has reached a deal with Iran's government to open a plant making at least 150,000 vehicles a year, as European companies race for a share of Iran's market now that international sanctions have been lifted. The plant in a Tehran suburb will produce Duster and Symbol cars starting in 2018. Renault will be majority shareholder, and have its own...

  • HONG KONG— Chinese factories eked out a tiny expansion in activity for September as new orders picked up marginally, offering a glimmer of hope for the world's No. 2 economy, according to a private survey Friday. Data on China's outsize factory sector is widely watched for insights into the broader economy, where growth has slowed to its lowest annual rate in a...

  • TOKYO, Sept 30- The Bank of Japan's decision to target the yield curve and allow consumer prices to overshoot its 2 percent goal are welcome steps in Japan's long battle to encourage inflation, former U.S. Treasury Secretary Lawrence Summers said. The BOJ's commitment to overshoot its price target should encourage inflation expectations and is something...

  • TOKYO, Sept 30- Japan's core consumer prices fell in the year to August, a sixth straight month of declines and a daunting challenge for the Bank of Japan's relaunched stimulus campaign. Weak consumption data may mean additional scrutiny of the central bank, which last week switched to targeting short- and long-term interest rates from of its previous target of...

  • TOKYO, Sept 30- Japan's core consumer prices fell in the year to August, a sixth straight drop, keeping the Bank of Japan under pressure to ease monetary conditions further as it reboots policy in a bid to hit 2 percent inflation more quickly. The mixed data offered little respite for the central bank, which last week switched to targeting short- and long-term...

  • Price jumps in China's top tier cities have many worried about an asset bubble, but there’s still "some way to go" on prices, a strategist told CNBC.

  • The Ministry of Labor, Vocational and Training said in a statement Thursday that the minimum wage would be raised by 9.2 percent to $153 a month, effective at the beginning of next year. The increase falls short of the $171 a month wage proposed by unions. In 2015, the Southeast Asian country shipped nearly $7 billion worth of products to the United States and...

  • MEXICO CITY- Central Bank of Mexico monetary policy statement PRAGUE- Czech National Bank monetary policy meeting- 1100 GMT TAIPEI- Central Bank of the Republic of Taiwan interest rate decision- 0900 GMT ANKARA- Central Bank of the Republic of Turkey to publish the minutes of September policy meeting- 1100 GMT CHISINAU- National Bank of Moldova interest rate...

  • THURSDAY, SEPTEMBER 29 WASHINGTON- Federal Reserve Chair Janet Yellen participates in a conversation before the "Banking and the Economy: A Forum for Minority Bankers" conference hosted by the Federal Reserve Bank of Kansas City- 2110 GMT. ORLANDO, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks before the 2016 Future of Florida...

  • THURSDAY, SEPTEMBER 29 WASHINGTON- Federal Reserve Chair Janet Yellen participates in a conversation before the "Banking and the Economy: A Forum for Minority Bankers" conference hosted by the Federal Reserve Bank of Kansas City- 2110 GMT. ORLANDO, United States- Federal Reserve Bank of Atlanta President Dennis Lockhart speaks before the 2016 Future of Florida...

  • Inside China's economy: Old vs. new

    Leland Miller, China Beige Book International CEO, takes a look underneath the data to get a read on the health of the Chinese economy.

  • Trump 'music' to Chinese ears: Expert

    Leland Miller, China Beige Book International CEO, discusses why he thinks China would be happier with Donald Trump than Hillary Clinton as president.

  • NEW YORK— Energy companies powered to big gains Wednesday, leading the broader stock market higher, on reports that OPEC nations were moving closer to an agreement to cut oil production. After stock trading closed, OPEC said it had reached a preliminary deal to reduce production for the first time in eight years. "It just creates a lot of optimism that the worst is...

  • BEIJING, Sept 27- Profits in China's industrial sector rose at the fastest pace in three years as the world's second-biggest economy showed more signs of stabilising, though some private forecasters say the improvement may be more fleeting than real. Profits of industrial firms in August jumped 19.5 percent from a year earlier to 534.8 billion yuan, the...

  • BEIJING, Sept 27- Profits in China's industrial sector rose at the fastest pace in three years as the world's second-biggest economy showed more signs of stabilizing, though some private forecasters say the improvement may be more fleeting than real. Profits of industrial firms in August jumped 19.5 percent from a year earlier to 534.8 billion yuan, the...

  • BEIJING, Sept 27- Profits in China's industrial sector rose at the fastest pace in three years as the world's second-biggest economy showed more signs of stabilising, though some private forecasters say the improvement may be more fleeting than real. Profits of industrial firms in August jumped 19.5 percent from a year earlier to 534.8 billion yuan, the...

  • BEIJING, Sept 27- Profits in China's industrial sector rose at the fastest pace in three years as the world's second-biggest economy showed more signs of stabilizing, though some private forecasters say the improvement may be more fleeting than real. Profits of industrial firms in August jumped 19.5 percent from a year earlier to 534.8 billion yuan, the...

  • BEIJING, Sept 27- Profits in China's industrial sector in August rose at the fastest pace in three years, supporting a growing view that the world's second-biggest economy is stabilising. Profits of industrial firms jumped 19.5 percent from a year earlier to 534.8 billion yuan, the National Bureau of Statistics said on Tuesday, the most since August 2013.

  • BEIJING, Sept 27- Profits in China's industrial sector in August rose at the fastest pace in three years, supporting a growing view that the world's second-biggest economy is stabilizing. Profits of industrial firms jumped 19.5 percent from a year earlier to 534.8 billion yuan, the National Bureau of Statistics said on Tuesday, the most since August 2013.

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