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Archive Asia Economy

  • *India stays firm on tariff reductions. The Regional Comprehensive Economic Partnership would create a free trade area of more than 3.5 billion people, bringing together China, India, Japan, South Korea, Australia and New Zealand as well as Southeast Asian nations. The main focus of RCEP is reducing tariffs, which India in particular is nervous about, and while it...

  • *Real estate shares hit hardest in Egypt. DUBAI, May 22- Egypt's stock market tumbled in heavy trade on Monday after the central bank unexpectedly raised key interest rates overnight, while Qatar outperformed in an otherwise quiet Gulf. The motive for the hike was to combat Cairo's hyperinflation and it came at the recommendation of the International Monetary...

  • LONDON, May 22- The euro surged in morning trade in Europe on Monday after German leader Angela Merkel pointed to a weak euro and extremely loose monetary policy as causes of Germany's large trade surplus. The comments played into market speculation that German officials at the European Central Bank may push hard for a tightening of its monetary policy...

  • LONDON, May 22- The dollar steadied close to six-month lows against a basket of currencies on Monday, as investors took stock of a week of political turmoil in the United States and a resurgent euro zone economy. President Donald Trump's firing of FBI Director James Comey, while improving economic prospects for Europe have also seen investors buy into the euro,...

  • LONDON, May 22- The dollar steadied close to six-month lows against a basket of currencies on Monday, as investors took stock of a week of political turmoil in the United States and a resurgent euro zone economy. President Donald Trump's firing of FBI Director James Comey, while improving economic prospects for Europe have also seen investors buy into the euro,...

  • LONDON, May 22- The dollar steadied close to six-month lows against a basket of currencies on Monday, as investors took stock of a week of political turmoil in the United States and a resurgent euro zone economy. President Donald Trump's firing of FBI Director James Comey, while improving economic prospects for Europe have also seen investors buy into the euro,...

  • LONDON, May 22- The dollar steadied close to six-month lows against a basket of currencies on Monday, as investors took stock of a week of political turmoil in the United States and a resurgent euro zone economy. President Donald Trump's firing of FBI Director James Comey, while improving economic prospects for Europe have also seen investors buy into the euro,...

  • HANOI, May 22- Disagreements between Asian countries over a China- backed free trade deal surfaced at talks on Monday, raising questions over a target for concluding negotiations by the end of the year. The Regional Comprehensive Economic Partnership would create a free trade area of more than 3.5 billion people, bringing together China, India, Japan, South Korea,...

  • Japan's Nikkei stock index climbed 0.5 percent on Monday, while the benchmark 10- year U.S. Also undermining bond market sentiment, data released early in the session showed Japan's exports rose in April to mark their fifth straight month of gains, signaling that more robust overseas demand could underpin a steady economic recovery. Growing signs of life in...

  • TPP-11 left to forge their own path, make agreement viable

    CNBC's Sri Jegarajah speaks about the latest TPP negotiations, with comments from Australian Trade Minister Steven Ciobo.

  • HANOI, Vietnam— HANOI, Vietnam— Trade ministers from the Asia-Pacific region were meeting in Hanoi on Monday to speed up negotiations seeking to finalize a regional trade pact amid fears of growing trade protectionism. Negotiations for the 16- member Regional Comprehensive Economic Partnership led by China started four years ago, and members are seeking to...

  • HANOI, May 22- Asian trade ministers met on Monday to discuss a proposed free trade deal that is backed by China and has been given new impetus by the U.S. withdrawal from the Trans-Pacific Partnership Agreement. The Regional Comprehensive Economic Partnership would create a free trade area of more than 3.5 billion people, bringing together China, India, Japan,...

  • HANOI, May 22- Asian trade ministers met on Monday to discuss a proposed free trade deal that is backed by China and has been given new impetus by the U.S. withdrawal from the Trans-Pacific Partnership Agreement. The Regional Comprehensive Economic Partnership would create a free trade area of more than 3.5 billion people, bringing together China, India, Japan,...

  • TOKYO— Japan's exports rose a solid 7.5 percent in April from a year earlier though the trade surplus dropped as higher oil prices pushed the value of imports higher. Trade with other Asian markets such as South Korea and Taiwan has recovered recently, helping drive stronger growth in Japan. Japan's trade surplus with the U.S., a focus of attention for the...

  • HANOI, May 21- In a stormy first foray abroad for Robert Lighthizer, the new U.S. With the United States on one side and the 20 other members of the Asia Pacific Economic Cooperation forum on the other at a meeting in Vietnam, a planned joint statement had to be scrapped because of these differences. Instead, there was one statement from the Vietnamese chairman of the...

  • TOKYO, May 22- Japan's exports rose in April to mark their fifth straight month of gains, as shipments of semiconductors and steel expanded, signaling that more robust overseas demand could underpin a steady economic recovery. The data also showed Japan's trade surplus with the United States narrowed. But Japan's trade surplus with the United States fell 4.2...

  • Tourists watching the bull statue in front of the Stock Exchange on the Bund, Pudong skyline in the distance, Shanghai, China.

    Chaotic trade in Chinese commodity futures is offering new opportunities for international exchanges that are trying to get raw material traders to manage their risks.

  • *China favours free trade deal for Asia. Robert Lighthizer met ministers from Canada and Japan on the sidelines of a gathering of Asia-Pacific Economic Cooperation countries in Vietnam's capital, Hanoi, the biggest trade meeting since Trump took office. Lighthizer has in the past criticized China for what he described as unfair practices, although Trump has...

  • U.S. Trade Representative Robert Lighthizer (R) and Japan's Trade Minister Hiroshige Seko pose for a photo during the APEC Ministers Responsible For Trade (APEC MRT 23) meeting in Hanoi, Vietnam May 20, 2017.

    Newly confirmed U.S. Trade Representative Lighthizer was thrust into the APEC spotlight, as trade partners seek clarity on Trump's policies.

  • DEAD SEA, Jordan— The Latest developments at the World Economic Forum in Jordan:. The EU foreign policy chief says Europe does "not see eye to eye" with the Trump administration on major issues such as trade, climate change and funding of U.N. agencies, but can "easily" work with the U.S. on Syria and the Israeli-Palestinian conflict. Trump visits Europe next week, after...

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