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Asia Economy

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  • *Asian growth outlook dims with feeble China, India recovery. BANGALORE, July 24- The outlook for emerging Asia has dimmed further this year on weak demand for exports, although growth in India is expected to accelerate into 2015 even as China is held back in part by a slowing property market, Reuters polls showed.

  • BEIJING, July 24- China's factory activity expanded at its fastest pace in 18 months in July as new orders surged, a preliminary HSBC survey showed on Thursday, the latest indication that the economy is picking up as government stimulus measures kick in.

  • BEIJING, July 24- China's factory activity expanded at its fastest pace in 18 months in July as new orders surged, a preliminary HSBC survey showed on Thursday, the latest indication that the economy is picking up as government stimulus measures kick in.

  • HONG KONG, July 24- China's yuan raced to its highest in more than three months on Thursday after solid manufacturing activity confirmed the government's stimulus measures were filtering through the economy and brightening growth prospects in the near term.

  • China factory index at 18-month high in July Wednesday, 23 Jul 2014 | 10:41 PM ET

    HONG KONG— China's manufacturing rose in July to its highest level in 18 months, in a sign that mini-stimulus measures to shore up growth in the world's No. 2 economy have taken hold. The preliminary HSBC purchasing managers' index rose to 52.0 in July from 50.7 in June on a 100- point scale on which numbers below 50 indicate contraction.

  • China's factory activity at fastest pace in 18 months Wednesday, 23 Jul 2014 | 9:46 PM ET

    China's manufacturing activity rose to an 18-month high in July, according to a private survey Thursday, as the government's stimulus measures worked their magic, consolidating a recovery in the world's second biggest economy.

  • BEIJING, July 24- Activity in China's factory sector expanded at its fastest pace in 18 months in July, a preliminary HSBC survey showed on Thursday, as a raft of government stimulus measures kicked in.

  • South Korea unveils stimulus after ferry sinking Wednesday, 23 Jul 2014 | 9:31 PM ET

    SEOUL, South Korea— South Korea's government unveiled stimulus plans Thursday after the shock of a deadly ferry sinking slowed economic growth to the lowest level in three quarters. In announcing the stimulus, the ministry lowered its forecast for South Korea's economic growth this year to 3.7 percent from 3.9 percent.

  • Japan trade deficit at record $75B in first half Wednesday, 23 Jul 2014 | 9:23 PM ET

    TOKYO— Japan's trade deficit surged to a record 7.6 trillion yen in the first half of the year as exports failed to keep pace with surging imports, the Finance Ministry reported Thursday.

  • SEJONG, South Korea, July 24- South Korea unveiled stimulus measures on Thursday to prop up slowing economic growth, including plans to boost public spending by some $11 billion and ease mortgage borrowing rules.

  • South Korea posts slowest growth in more than a year Wednesday, 23 Jul 2014 | 7:07 PM ET
    Shoppers walk in the Myungdong shopping district in Seoul, South Korea.

    South Korea's economy grew 0.6 percent in April-June over the previous quarter, the slowest in over a year due to sluggish consumption.

  • NEW YORK, July 23- U.S. long-term Treasury debt prices ended slightly lower on Wednesday in thin trading, but their near-term outlook remained positive on safe-haven demand as global tensions in the Middle East and Ukraine persisted. Treasuries maturing August 2022 through May 2024 as part of its economic stimulus program, also helped keep a lid on yields.

  • *General Dynamics, Northrop beat profit estimates. *General Dynamics reports higher aerospace orders. July 23- U.S. weapons makers General Dynamics Corp and Northrop Grumman Corp raised their 2014 profit forecasts as cost cutting allowed them to improve profitability even as defense spending by the U.S. government remained low.

  • Analysts slash forecasts for Singapore 2014 growth Wednesday, 23 Jul 2014 | 4:28 AM ET
    Shoppers brave the rain along Orchard Road on February 14, 2013 in Singapore.

    Growth forecasts for Singapore's economy have been cut amid weakness in the manufacturing and services sectors.

  • FOREX-Dollar firms, euro cracks under rates pressure Wednesday, 23 Jul 2014 | 1:53 AM ET

    TOKYO/ SYDNEY, July 23- The dollar held close to a six-week peak against a basket of currencies in Asian trade on Wednesday, as the euro edged down to touch a fresh 2014 low on the diverging interest rate outlook for the U.S. and euro zone.

  • DIARY - Emerging Markets Economic Events to Aug 5 Tuesday, 22 Jul 2014 | 8:02 PM ET

    July 23- For other related diaries, please. WARSAW- Central Bank of Poland Marek Governor Belka speaks in parliament. MEXICO CITY- IMF presents its latest World Economic Outlook report- 1400 GMT.

  • There was also some safe-haven buying in the afternoon, boosting bond prices, in connection with tensions in the Middle East after the Federal Aviation Administration advised U.S. airlines not to fly to Tel Aviv in Israel.

  • JAKARTA, July 22- Indonesia's new president Joko "Jokowi" Widodo said he wants to sit down with mining companies and other parties in a bid to resolve a row over mining policies that has halted $500 million of metal exports a month in Southeast Asia's biggest economy.

  • TREASURIES-Prices lower on no change in global tensions Tuesday, 22 Jul 2014 | 11:06 AM ET

    CPI rises 0.3 percent, Treasuries trim losses. *Geopolitics still a big factor. NEW YORK, July 22- U.S. long-term Treasury debt prices fell on Tuesday as safe-haven demand weakened in line with a rise in stocks, with investors hopeful tensions in the Middle East and Ukraine will ease.

  • LONDON, July 22- Gold steadied on Tuesday, paring earlier losses as the dollar gave up some of its gains against the euro after U.S. consumer price data pointed to a gradual buildup of inflationary pressure. Gold could benefit from a higher CPI as the metal is often considered a hedge against inflation.

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