Asia Economy


  • DIARY- Top Economic Events to April 10 Friday, 27 Mar 2015 | 8:01 PM ET

    STONE MOUNTAIN, United States- Federal Reserve vice chair Stanley Fischer speaks at dinner before the 2015 Financial Markets Conference hosted by the Federal Reserve Bank of Atlanta- 2315 GMT. RICHMOND, United States- Federal Reserve Bank of Richmond President Jeffrey Lacker speaks on "Economic Outlook, March 2015" before the Greater Richmond Chamber of...

  • China's yuan was devalued sharply in the 1990 s and for years China intervened heavily in exchange markets to keep it weak, raising complaints from U.S. manufacturers. Since 2005, China has let its currency appreciate by about 25 percent, and the Treasury officials repeated statements made in February that China recently appeared to be intervening a lot less.

  • Business events scheduled for the coming month Friday, 27 Mar 2015 | 1:21 PM ET

    WASHINGTON— Institute for Supply Management releases its manufacturing index for March, 10 a.m.; Commerce Department releases construction spending for February, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Commerce Department releases international trade data for February, 8:30 a.m.; Commerce Department releases...

  • With big projects, Ethiopia shedding famine stereotype Friday, 27 Mar 2015 | 11:52 AM ET

    ADDIS ABABA, Ethiopia— Ethiopia's planned new airport on the outskirts of the capital is still years from becoming a reality but Tewodros Dawit can already envision how grand it will look. Britain, long a source of charitable aid for Ethiopia, announced last month that Ethiopia's growing economy means the time has come for "transitioning support toward...

  • Stocks recover their poise ahead of US economic data Friday, 27 Mar 2015 | 2:24 AM ET

    TOKYO— Asian shares were lackluster Friday as the conflict in Yemen ripped through the Middle East and Japanese data showed the world's No. 3 economy is still in the doldrums. KEEPING SCORE: Japan's Nikkei 225 fell 1.3 percent to 19,213.15 and South Korea's Kospi was down 0.3 percent at 2,016.94. MIDDLE EAST: The turmoil in Yemen has erupted into a regional...

  • BOJ may tolerate weak data: DBS   Friday, 27 Mar 2015 | 1:16 AM ET
    BOJ may tolerate weak data: DBS

    Tie Ying Ma, Economist at DBS, says the central bank has indicated that it will tolerate low consumer inflation data as a temporary phenomenon.

  • Expect more BOJ easing: HSBC   Thursday, 26 Mar 2015 | 10:44 PM ET
    Expect more BOJ easing: HSBC

    Dominic Bunning, FX strategist at HSBC, expects more monetary stimulus this year on the back of recent weak inflation figures.

  • Go long China A-shares: JP Morgan   Thursday, 26 Mar 2015 | 9:04 PM ET
    Go long China A-shares: JP Morgan

    Guillaume Chatain, Head of Equity Solutions at JP Morgan Private Bank, believes bad Chinese economic news is good for equity markets.

  • TOKYO— Japan reported lackluster inflation and wages data for February that suggested Friday that its economic recovery remains in the doldrums. Excluding the impact of an April 2014 sales tax hike, inflation was flat. Prime Minister Shinzo Abe has sought to spur growth through extreme monetary easing by the central bank that is meant to drive prices higher,...

  • DIARY- Top Economic Events to April 9 Thursday, 26 Mar 2015 | 8:02 PM ET

    SAN FRANCISCO, United States- Federal Reserve Chair Janet Yellen speaks on "Monetary Policy" before the Federal Reserve Bank of San Francisco Conference: The New Normal for Monetary Policy- 1945 GMT. PRISHTINA- European Central Bank's Deputy Director General International& European Relations, Gilles Noblet, speaks at an event to celebrate the conclusion of a...

  • Weak data won't impact Nikkei: Expert   Thursday, 26 Mar 2015 | 7:51 PM ET
    Weak data won't impact Nikkei: Expert

    Joe Zidle, portfolio strategist at Richard Bernstein Advisors maintains a bullish stance on the Nikkei despite recent weak data since it's a "policy-driven" market.

  • China's coal use falling faster than expected Thursday, 26 Mar 2015 | 5:00 PM ET

    *Coal for power dipped in 2014, expected to drop again. SINGAPORE/ BEIJING, March 27- China is reducing coal use for power generation faster than expected as the use of cleaner-burning fuels and slowing economic growth drags thermal utilisation rates to a potential record low, implying imports and prices will fall further. Coal still makes up nearly two-thirds...

  • Business events scheduled for the coming week Thursday, 26 Mar 2015 | 2:41 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for February, 8:30 a.m.; National Association of Realtors releases pending home sales index for February, 10 a.m.. WASHINGTON— Institute for Supply Management releases its manufacturing index for March, 10 a.m.; Commerce Department releases construction spending for February, 10 a.m..

  • China quietly drops limit on foreign fund investments Thursday, 26 Mar 2015 | 8:55 AM ET

    SHANGHAI, March 26- China's foreign exchange regulator granted a foreign fund management company a quota of more than $1 billion on inbound portfolio investment for the first time on Thursday, in a move toward increasing international use of the yuan currency. Hitherto, only foreign central banks, monetary authorities and sovereign wealth funds had been...

  • YANGON, Myanmar— Myanmar is increasing the salaries of its government employees— doubling some of them— as of next month. Civil servants with the lowest pay of 75,000 kyats per month now will get 120,000 kyats under the new scale. According to the Asian Development Bank, Myanmar's current inflation of 6 percent is likely to increase to 8.4 percent in the upcoming...

  • *Shipments to China -15 pct y/y, to U.S +5.1 pct. BANGKOK, March 26- Thai exports fell more than expected in February, showing that a key growth engine for the country is still sputtering, but imports surprisingly rose for the first time in five months. With disappointing exports in early 2015, "the outlook is not so good," said Sarun Sunansathaporn, economist with Tisco...

  • Thai deputy PM: Growth is picking up   Wednesday, 25 Mar 2015 | 11:45 PM ET

    Pridiyathorn Devakula, Deputy Prime Minister of Thailand, expects the country to grow over 3 percent this year despite lower export demand from its key markets like the United States.

  • DIARY- Top Economic Events to April 8 Wednesday, 25 Mar 2015 | 8:01 PM ET

    ROME- European Central Bank president Mario Draghi addresses the Italian parliament's finance and EU policy committees- 1200 GMT. LONDON- Bank of England to publish Financial Policy Committee statement- 0930 GMT. FRANKFURT- Federal Reserve Bank of St. Louis President James Bullard gives OMFIF Public Lecture on the economy and monetary policy- 0835 GMT.

  • *Israel withholding $130 million a month in customs, tax income. RAMALLAH, West Bank, March 25- Israel's decision to withhold $130 million a month in revenue collected on behalf of the Palestinians is strangling the economy and leaving the banking system dangerously exposed, the Palestinian central bank governor said on Wednesday. Israel stopped the transfer...

  • BAGHDAD— Iraq's oil exports for last month were below planned levels, the country's Oil Ministry said Wednesday, depriving the nation of badly needed funds for its battle against the Islamic state group. Iraq's 2015 budget is based on an expected price of $56 per barrel with a daily export capacity of 3.3 million. Since the Islamic State group launched its blitz...

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