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Archive Asia Economy

  • FRANKFURT- European Central Bank governing council non-monetary policy meeting. FRANKFURT- General Council meeting of the ECB in Frankfurt. WASHINGTON- Federal Reserve Board Governor Jerome Powell testifies before a Senate Banking Committee hearing, "Fostering Economic Growth: Regulator Perspective,"- 1400 GMT.

  • FRANKFURT- European Central Bank governing council non-monetary policy meeting. FRANKFURT- General Council meeting of the ECB in Frankfurt. WASHINGTON- Federal Reserve Board Governor Jerome Powell testifies before a Senate Banking Committee hearing, "Fostering Economic Growth: Regulator Perspective,"- 1400 GMT.

  • NICOSIA, Cyprus— Cyprus' finance minister says the country has managed to secure the lowest-ever interest rate on a public bond issue, hailing it as a strong signal of trust from international markets in the Cypriot economy. Finance Minister Harris Georgiades said Tuesday's seven-year bond issue raised 850 million euros, carrying a 2.75 percent interest rate.

  • LONDON, June 20- Global output of steel, a gauge of economic health, jumped 2 percent in May, retreating from the 5 percent surge in April as demand for the alloy tapers off, industry data showed on Tuesday. Output in China, which accounts for half of global steel production and a quarter of global steel exports, rose 1.8 percent to 72.3 million tonnes, said Worldsteel,...

  • Patrons look at products inside the newly opened Victoria's Secret shop in Shanghai on February 24, 2017.

    Foreign companies are slow to adapt as Chinese shoppers upgrade to premium brands, Financial Times reports.

  • *A smaller percentage of bankers call policy appropriate. *Despite tighter money, more bankers confident on economy. BEIJING, June 20- Nearly one-third of Chinese bankers feel the country's monetary policy has been "relatively tight" in the second quarter, a central bank survey showed on Tuesday.

  • LONDON, June 20- Japan's Nikkei jumped to a near two-year high on Tuesday and European stock markets built on their biggest one-day gain in two months as central bankers gave a tempered message about growth and the chances of rises in interest rates. Bank of England Governor Mark Carney, fresh from a meeting which saw three colleagues on the bank's policy...

  • Men look an electronic board showing stock information at a brokerage house in Beijing, China, January 5, 2016.

    PBOC Governor Zhou Xiaochuan criticized protectionism in China's financial sector hours ahead of MSCI's decision on Chinese A-shares.

  • Why China's home consumption of consumer goods is declining

    Chinese people are consuming more goods outside compared to at home, says Bruno Lannes, a partner at Bain & Company.

  • Central banks have long used inflation to set policy, but some analysts wonder if Asia’s policy makers should have bigger fish to fry.

  • **LONDON- Bank of England Governor Mark Carney and British Finance Minister Philip Hammond will deliver speeches at a breakfast event at Mansion House in London. **SAN FRANCISCO, California- Federal Reserve Bank of Dallas President Robert Kaplan participates in moderated question-and-answer session before the Commonwealth Club of California- 1900 GMT.

  • **LONDON- Bank of England Governor Mark Carney and British Finance Minister Philip Hammond will deliver speeches at a breakfast event at Mansion House in London. **SAN FRANCISCO, California- Federal Reserve Bank of Dallas President Robert Kaplan participates in moderated question-and-answer session before the Commonwealth Club of California- 1900 GMT.

  • NEW YORK— U.S. stock indexes climbed again to record heights on Monday, led by technology companies. They followed the lead of European markets, which jumped after French election results raised expectations for more pro-business economic reforms. KEEPING SCORE: The Standard& Poor's 500 index rose 16 points, or 0.7 percent, to 2,498, as of 3 p.m. Eastern time.

  • TOKYO, June 19- A senior International Monetary Fund official said on Monday that it was premature for the Bank of Japan to discuss an exit from massive monetary stimulus given that more time and efforts are needed to reach its 2 percent inflation target. "Right now there's a need for continued accommodation because the inflation rate in Japan remains well below...

  • TOKYO, June 19- A senior International Monetary Fund official said on Monday that it was premature for the Bank of Japan to discuss an exit from massive monetary stimulus given that more time and efforts are needed to reach its 2 percent inflation target. "Right now there's a need for continued accommodation because the inflation rate in Japan remains well below...

  • Demand for fuel efficient airplanes continues: Air Lease CEO

    Air Lease CEO John Plueger says that a growing middle class in Asia is driving air travel demand.

  • SHANGHAI, June 19- China stocks rose on Monday, with the blue-chip CSI300 index snapping a three-day losing streak, on signs that tight liquidity is easing and as fewer new listings are expected to come onto the market. Traders said liquidity conditions improved as the central bank continued to provide funds via open market operations, after injecting a net 410...

  • A worker walks among coils of galvanized steel at a steel factory.

    For investors wondering about the current divergence in iron ore and steel prices, Citi issued a call: The bear is coming for steel-making raw material.

  • SHANGHAI, June 19- China stocks rose on Monday on signs that tight liquidity conditions were easing and as fewer new listings were expected to come onto the market. Traders said liquidity conditions improved as the central bank continued to provide funds via open market operations, after injecting a net 410 billion yuan into money markets last week, the biggest...

  • *Solid global demand expected to support Japan's economy. TOKYO, June 19- Japan's exports surged in May by the fastest in more than two years on higher shipments of cars and steel, an encouraging sign that robust global demand will help keep the country's modest economic recovery on track. "The main scenario is Japan's exports will continue to recover," said Shuji...

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