Archive Asia Economy

  • BEIJING— People in Beijing expressed doubts Saturday about President Donald Trump's ability to steer the U.S. economy and manage China-American relations, underscoring concerns over trade, Taiwan and other issues. While Trump didn't mention China in his inaugural address Friday, he referred often to the country during the campaign and upended diplomatic...

  • South Kolkata District Congress Committee workers and leaders protest against Prime Minister of India Narendra Modi and his demonetization at a protest rally in Kolkata.

    The central bank's board expressed concerns whether the cash could be replaced quickly enough.

  • Communist China is the world's champion of free trade and globalization. And Europe, spurned by Washington and London, is turning to Beijing to fill the void. Welcome to the World Economic Forum in Davos circa 2017.

  • That's why Sabine Choucair was invited to Davos, quips a quick-witted panel moderator. The Lebanese-born, curly-haired artist in baggy green trousers and with a frequent raspy laugh made her debut this week at the World Economic Forum in Davos, Switzerland, a special invitee more accustomed to entertaining refugees than livening up serious thought-fests.

  • *Japan economy to achieve sustainable growth- Kuroda. DAVOS, Switzerland, Jan 20- Bank of Japan Governor Haruhiko Kuroda said on Friday the prospects of faster U.S. growth may push up the dollar, and he offered an upbeat view on the world economy, dismissing concerns that protectionism could spread and undermine global trade. He said Japan's economy was likely to...

  • DAVOS, Switzerland, Jan 20- Bank of Japan Governor Haruhiko Kuroda said on Friday U.S. economic growth and inflation may accelerate in coming years, which may push up interest rates and the value of the dollar. "The U.S. economy is likely to accelerate growth this year and next year, and price inflation may somewhat rise. All of may make interest rates rise and the...

  • DAVOS, Switzerland, Jan 20- Bank of Japan Governor Haruhiko Kuroda said on Friday the country's economy is likely to head toward a sustainable growth path as global trade and manufacturing activity pick up. "Our top priority for macro-economic policy continues to be to overcome deflation," Kuroda told a session of the World Economic Forum. Still, Kuroda said...

  • DAVOS, Switzerland, Jan 20- Bank of Japan Governor Haruhiko Kuroda said on Friday the country's economy is likely to head toward a sustainable growth path as global trade and manufacturing activity pick up. But he added that Japan has yet to address key challenges, which were to heighten inflation expectations and prod firms to raise wages.

  • *China Q4 GDP growth faster than expected, boosted by housing. BEIJING, Jan 20- China's economy grew a faster-than-expected 6.8 percent in the fourth quarter, boosted a tailwind heading into what is expected to be a turbulent year. China's debt to GDP ratio rose to 277 percent at the end of 2016 from 254 percent the previous year, with an increasing share of new credit...

  • BEIJING— China's economic growth sank to a three-decade low in 2016 as its struggling exporters brace for a possible trade battle with President-elect Donald Trump. Beijing wants to nurture more self-sustaining growth based on domestic consumption but trade still supports millions of jobs. The American Chamber of Commerce in China said Beijing is...

  • MANILA, Jan 20- London copper futures surrendered early gains to edge lower on Friday as investors exercised caution ahead of U.S. President-elect Donald Trump's inauguration, looking past data that showed China's economy grew slightly faster than expected. Expectations that China will continue to spur economic activity this year should boost demand in...

  • Computers are a key contributor to the U.S.-China trade deficit.

    North Asia will be hit the hardest when U.S. president-elect Trump follows through on his promises on trade, said Goldman Sachs.

  • A man fills a wheel cart with cement at a construction site of a residential skyscraper in Shanghai on November 29, 2016.

    Rising cement prices were signaling China’s economic growth will remain stable, said Mo Ji, chief economist for Asia ex-Japan at Amundi.

  • *China Q4 GDP data tops expectations, lifts mainland stocks. President-elect Donald Trump's inauguration, even as China's economic growth beat expectations and Federal Reserve Chair Janet Yellen toned down her earlier hawkish policy stance. Financial spreadbetter CMC Markets expected Britain's FTSE 100 to open 0.1 percent higher, and Germany's DAX and...

  • *Japan needn't cooperate with Trump just to please him. *Japan should intervene if yen spikes. TOKYO, Jan 20- Japan should push back if President-elect Donald Trump bases trade and other economic policy on "wrong economics," an adviser to Prime Minister Shinzo Abe told Reuters in an unusually direct expression of concern about potential protectionism.

  • *China Q4 GDP growth faster than expected, boosted by housing. *China to focus on stability ahead of key political meeting. BEIJING, Jan 20- China's economy grew a faster-than-expected 6.8 percent in the fourth quarter, boosted a solid tailwind heading into what is expected to be a turbulent year.

  • TOKYO, Jan 20- Japanese government bond prices edged higher on Friday as a regular debt-buying operation by the Bank of Japan helped offset pressure from an overnight drop in U.S. That peak in yield was hit after Federal Reserve Chair Janet Yellen signaled faster interest rates than markets had been anticipating and as an auction of five-year JGBs drew tepid...

  • *China Q4 GDP growth faster than expected, boosted by housing. *China to focus on stability ahead of key political meeting. BEIJING, Jan 20- China's economy grew a faster-than-expected 6.8 percent in the fourth quarter, boosted a solid tailwind heading into what is expected to be a turbulent 2017.

  • *China Q4 GDP grew 6.8 pct, market expected 6.7 pct. MANILA, Jan 20- London copper futures edged higher on Friday after China's economy grew slightly faster than expected in the last quarter of 2016, but caution among investors ahead of U.S. Expectations that China will continue to spur economic activity this year should boost demand in the world's top copper...

  • A customer arranges a shopping bag at a check-out counter inside a Wal-Mart Stores Inc.'s Sam's Club store in Shenzhen, China, on Tuesday, Oct. 18, 2016.

    China's gross domestic product (GDP) grew 6.8 percent on-year in the fourth quarter, slightly beating expectations.

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