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CNBC Franchise Archive Asia Economy

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  • FRANKFURT, Sept 4- A day after Mario Draghi presented a sobering economic outlook for the euro zone, the nervousness coursing through his European Central Bank was underscored by a fellow policy maker. "There is serious uncertainty at the moment because you don't know exactly whether this is a pothole on the road or a landslide," said Ewald Nowotny, the head of...

  • Why China's policies aren't working: Expert

    Richard Kang, Emerging Global Advisors, shares his outlook on China's economy and stock market.

  • ANKARA, Sept 4- Any rate rise by the United States would reflect strength in the U.S. economy and therefore be a plus for the global economy, Bank of Japan Governor Haruhiko Kuroda said on Friday.

  • Inside China's 'Ghost Cities'

    Wade Shepard, "Ghost Cities of China" author, discusses China's growth challenges as it tries to urbanize the population.

  • *Delegates seeking more from China on market turmoil. Federal Reserve is coming under pressure from emerging markets not to raise rates too soon as turmoil in China threatens global growth, but the G20 will not publicly call for any delay, delegates meeting in Turkey said on Friday. Slower growth in China and rising market volatility have boosted the risks to the...

  • ANKARA, Sept 4- Luxembourg Finance Minister Pierre Gramegna, whose country holds the rotating presidency of the European Union, said on Friday he was realistic about the prospect of interest rate hikes by the U.S. "We cannot live all the time on easy money," Gramegna told Reuters at a meeting of G20 finance ministers and central bank governors in the Turkish capital...

  • LONDON, Sept 4- World shares slid towards their fourth weekly loss in the last five on Friday, as a boost from a supportive-sounding European Central Bank gave way to caution ahead of closely watched U.S. jobs data. Rumbling concerns about China had consigned Asian shares to a seventh straight weekly loss and Europe's markets started 1.3 to 1.6 percent in the red...

  • ANKARA, Sept 4- Bundesbank chief Jens Weidmann said he is open to discussion on including the Chinese yuan in the International Monetary Fund's benchmark currency basket, adding that recent financial turmoil in China should not pose a lasting danger to the global economy. Weidmann told Reuters that recent financial market turmoil in China and uncertainty...

  • TOKYO, Sept 4- The Bank of Japan does not need to expand monetary policy in October even if it cuts its growth and price forecasts, as long as inflation expectations are well anchored, the IMF's mission chief for Japan said on Friday. Kalpana Kochhar, who is also deputy director of the International Monetary Fund's Asia and Pacific Department, said there was scope...

  • *GDP, c/a due 2350 GMT on Sept 7, machinery data on Sept 9. TOKYO, Sept 4- Japan's economy is expected to show a more severe contraction than originally estimated in revised second quarter growth data due next week because of a big drop in capital spending, a Reuters poll found, indicating any rebound in the current quarter may limited. Japan's economy was expected to...

  • TOKYO/ SYDNEY, Sept 4- The dollar sank against the yen on Friday as the safe-haven Japanese currency gathered bids after Tokyo shares fell to a seven-month low in nervous trading ahead of U.S. jobs data due later in the day. The greenback was down 0.7 percent to 119.22 yen. The yen also surged against the euro, which came under broad pressure after the European Central...

  • BEIJING, CHINA - SEPTEMBER 03: Russian President Vladimir Putin (C) chats with China's President Xi Jinping (R) next to South Korean President Park Geun-hye on Tiananmen Gate during the military parade marking the 70th anniversary of the end of World War Two on September 3, 2015 in Beijing, China. China is marking the 70th anniversary of the end of World War II and its role in defeating Japan with a new national holiday and a military parade in Beijing.

    Friendship between Chinese president Xi Jinping and Russia's leader Vladimir Putin is strained, the New York Times reports.

  • SINGAPORE/ TOKYO, Sept 4- Asian shares were mixed on Friday as caution about a U.S. jobs report jostled with signals from the European Central Bank that it is willing to take further steps to shore up the European economy. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2 percent after rising in early trade. "Markets sold off after the early...

  • SINGAPORE, Sept 4- Gold held declines from a two-day losing streak on Friday, ahead of a crucial U.S. jobs report as traders waited for clues about the timing of a Federal Reserve rate hike. *Spot gold was little changed at $1,125.31 an ounce by 0040 GMT, after losing about 1 percent in the last two sessions. The metal fell to a one-week low of $1,121.35 on Thursday.

  • Those who remain bullish on China's long-run economic prospects have switched more of their focus to the Hong Kong market because valuations are lower, it is better regulated, and less prone to the whims of officials in Beijing than the mainland markets in Shanghai and Shenzhen. Those include betting against the currencies of Asian trading partners, and...

  • TOKYO, Sept 4- Asian shares won a reprieve on Friday after the European Central Bank signalled its readiness to take further steps to shore up the European economy, and investors looked to U.S. jobs data. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 percent while Japan's Nikkei also ticked up 0.1 percent. The ECB cut its growth and inflation...

  • TOKYO, Sept 4- Asian shares won a reprieve on Friday after the European Central Bank signalled its readiness to take further steps to shore up the European economy, and investors looked to U.S. jobs data. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.1 percent while Japan's Nikkei also ticked up 0.1 percent. The ECB cut its growth and inflation...

  • *Turkey keen to shake off perception G20 is "talking shop". ANKARA, Sept 3- When the Group of 20 finance ministers and central bankers meet on Friday in Turkey, China's market turmoil is likely to be the biggest problem they do nothing about. Slower growth in China and rising market volatility have boosted the risks to the global economy, staff of the International...

  • NEW YORK— China's economic problems have been a windfall for some U.S. small businesses— and pose a threat to others. Fucci is heading to China this weekend on a sales trip, optimistic that she'll find more buyers. But U.S. small businesses overall may feel little impact from the weakness in China's economy, says Ravi Madhavan, a professor at the University of...

  • JPMorgan's Global All-Industry Output Index, produced with private data vendor Markit, held steady at July's 53.7 last month and has been above the 50 mark that divides growth from contraction since October 2012. Markit's global service sector purchasing managers index rose to 54.4 in August from 54.1 in July, though on Tuesday the world manufacturing PMI...

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