CNBC Franchise Archive Asia Economy

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  • *Jan exports seen at -1.9 pct y/y vs Dec's -1.4 pct. BEIJING, Feb 5- China's January exports may have fallen for a seventh month with factories still battling falling prices, but an expected jump in bank lending may underscore the government's bid to put a floor under the slowing economy. That may produce a trade surplus of $58.85 billion for January, compared with a...

  • LONDON, Feb 5- The wait for U.S. monthly jobs numbers steadied stock markets on Friday and allowed the dollar to recover after its worst week in more than six years. London and Paris both gained; Frankfurt fell around half a percent.,. "There is a general skepticism towards a proper rate hike cycle by the Fed- that's been driving down the dollar there's probably not that...

  • "Our base case scenario is for a gradual and controlled depreciation in the yuan by end-2016," said Jason Daw, head of Asian FX strategy at Societe Generale. The yuan, also known as the renminbi, has lost over 1 percent so far this year and is down almost 6 percent since early August, when the People's Bank of China devalued it. While no one can predict with any real...

  • IMF: We're honing rescue tools for China-hit EMs Friday, 5 Feb 2016 | 2:17 AM ET
    The International Monetary Fund (IMF) logo is seen at the IMF headquarters building in Washington.

    Christine Lagarde said China's slowdown would pressure oil and commodity exporters around the globe, increasing demands for IMF aid.

  • This is China’s next market hurdle Friday, 5 Feb 2016 | 2:16 AM ET

    China has struggled to shore up the yuan amid hefty capital outflows. Reserves data over the weekend may offer a glimpse of the challenge's severity.

  • ISTANBUL, Feb 5- Standing amid a jumble of food stalls in an Istanbul market, 61- year-old Gulsen Yuce wonders how she can stretch an already tight budget to make ends meet as food prices rise week after week. Global food prices have fallen to their lowest in nearly seven years, but Turkey has consistently struggled with food costs overshooting headline inflation-...

  • Top China defector passes state secrets to US Friday, 5 Feb 2016 | 1:47 AM ET
    BEIJING, CHINA - MARCH 08: Former secretary of the Central Secretariat of the Communist Party of China Ling Jihua attends the plenary session of the Chinese People's Political Consultative Conference at the Great Hall of the People on March 8, 2013 in Beijing, China.

    The brother of a disgraced Communist official is believed to be the most valuable Chinese defector to the US, the Financial Times reports.

  • JAKARTA, Feb 5- Indonesia's economy picked up speed in the fourth quarter thanks to higher public spending, suggesting President Joko Widodo is finally starting to unclog much needed infrastructure investment and spur growth in the year ahead. Southeast Asia's largest economy grew 5.04 percent in October-December from a year earlier, supported by...

  • SHANGHAI, Feb 5- In the weeks leading up to the traditional Lunar New Year liquidity squeeze, China's central bank has been busy testing its new "interest rate corridor", a tool that could help reduce the need for deeper monetary policy easing. The People's Bank of China late last year introduced a new band to guide interest rates on loans and deposits, abolishing...

  • *India Oct-Dec GDP seen at 7.3 pct, faster than China. *Ambit Capital estimates growth at only 5-6 pct. It's a good deal weaker than official data showing India to be the world's most dynamic big economy.

  • Coming near you: 6M Chinese tourists next week Thursday, 4 Feb 2016 | 11:13 PM ET
    BEIJING, CHINA - FEBRUARY 17: A Chinese traveler sleeps as others read and relax as they wait to leave for the Spring Festival at a local railway station on February 17, 2015 in Beijing, China.

    The Chinese economy may be slowing but that's not stopping a record number of tourists from traveling over Lunar New Year.

  • Why Japan's trading houses are getting hit Thursday, 4 Feb 2016 | 10:38 PM ET
    Japan Trading Houses

    Seijiro Takeshita from University of Shizuoka explains the impact of the commodities rout on Japan's trading houses.

  • 'China Jan FX reserves data won't be positive' Thursday, 4 Feb 2016 | 10:33 PM ET
    China Currencies

    Investors are still adjusting to China's recent currency reform, says Steve Brice from Standard Chartered Wealth Management Group.

  • TOKYO, Feb 5- Asian equities were subdued on Friday and the dollar wobbled ahead of the closely watched U.S. jobs report, which could provide clues on the Federal Reserve's monetary policy outlook. Shanghai shares crept up 0.1 percent, South Korea's KOSPI shed 0.1 percent and Australian shares lost 0.7 percent. "The biggest concern for the Japanese market now is...

  • How much trouble are Japan's trading houses in? Thursday, 4 Feb 2016 | 8:48 PM ET
    Japan's troubled trading houses

    Japan's trading houses' have cut about 12.5 percent of the assets accumulated in the last six and a half years, says Pham Thanh Ha, Japan equity analyst from Jefferies.

  • *MSCI Asia-Pacific index up 0.1 pct. TOKYO, Feb 5- Asian equities edged up on Friday, taking early inspiration from an overnight rise on Wall Street, while the dollar wobbled ahead of the closely watched U.S. jobs report. MSCI's broadest index of Asia-Pacific shares outside Japan crept up 0.1 percent.

  • Business events scheduled for the coming week Thursday, 4 Feb 2016 | 1:39 PM ET

    WASHINGTON— Commerce Department releases wholesale trade inventories for December, 10 a.m.; Labor Department releases job openings and labor turnover survey for December, 10 a.m.. PARIS— French pharmaceutical firm Sanofi reports 2015 earnings. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Freddie Mac, the mortgage company, releases...

  • WASHINGTON, Feb 4- China's economy can avoid a "hard landing" and shift to a lower, more sustainable growth rate if Beijing pursues reforms to state enterprises and sticks to a more market-driven and well-communicated exchange rate policy, the International Monetary Fund's chief said on Thursday. "China is going through that massive, multi-faceted transition...

  • Finance chiefs of the G20 bloc of big world economies will meet on Feb. 26-27 in Shanghai against the backdrop of apparent policymaker helplessness to calm markets, which have suffered one of the worst ever starts to a year. Oil's collapse, capital outflows from China and the prospect of yuan devaluation are all stoking fears of a global recession.

  • *Graphic on UK inflation, rate: http://reut.rs/1SDRz9w. FRANKFURT, Feb 4- The world's top central banks have all but given up hope of returning to conventional monetary policy soon with many touting rate cuts, raising the risk of competitive currency devaluations and doubts they can meet their mandates. Federal Reserve and the Bank of England had expected to...

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