Asia Economy


  • China's outlook worsens with gloomy PMI reading Monday, 15 Dec 2014 | 8:46 PM ET

    Chinese factory output fell for a second straight month in December, adding to concerns about slowing activity in the world's second-largest economy.

  • BEIJING, Dec 16- Activity in China's factory sector shrank in December for the first time in seven months as new orders declined, a preliminary private survey showed on Tuesday, adding to expectations that more stimulus may be needed to avert a sharper economic slowdown. The flash HSBC/ Markit manufacturing purchasing managers' index fell to 49.5 in December...

  • TOKYO, Dec 16- The Russian rouble rebounded from record lows on Tuesday after the Russian central bank hiked interest rates to halt a collapse in its currency, while the backdrop of falling oil prices and concerns over global growth supported the safe-haven yen. U.S. crude futures fell 3.3 percent on Monday after OPEC once again said it will not cut oil output...

  • China's economic growth could slow in 2015  Monday, 15 Dec 2014 | 4:30 AM ET

    Discussing China's growth targets changing from 7.4 percent to 7.1 percent, Jason Pidcock, manager at Newton Asian Income fund, says it's "the direction that matters, not the number".

  • FOREX-Yen rises in choppy trading, euro on defensive Monday, 15 Dec 2014 | 4:09 AM ET

    LONDON, Dec 15 (Reuters- The yen rose on Monday as financial markets shrugged off Japanese Prime Minister Shinzo Abe's widely expected election win, while a new low for euro zone inflation expectations kept the bloc's currency on the defensive. Japan's Nikkei stock average fell 1.6 percent. The euro extended losses against the yen as investors digested the...

  • Aussie's budget deficit balloons amid commodity dip Sunday, 14 Dec 2014 | 11:34 PM ET
    Australian Treasurer Joe Hockey.

    Australia's government forecast its budget deficit would balloon to A$40.4 bil due to falling prices for key resource exports and slow wage growth.

  • Bank of Japan business survey shows tepid outlook Sunday, 14 Dec 2014 | 7:24 PM ET

    TOKYO— Japanese businesses are cautious over prospects for a recovery, according to a quarterly central bank survey released Monday that showed a mixed outlook for the world's third-largest economy. The results of the Bank of Japan's "tankan" highlight the challenges Prime Minister Shinzo Abe faces following a landslide election victory Sunday.

  • Japan 4Q manufacturing sentiment worsens: Tankan Sunday, 14 Dec 2014 | 6:52 PM ET

    Sentiment among Japan's big manufacturers worsened in the fourth quarter, the Bank of Japan's Tankan survey showed on Monday, underscoring pessimism about the Japanese economy.

  • India to reap $12B budget windfall from oil slide Sunday, 14 Dec 2014 | 6:39 PM ET

    Falling oil prices could help Indian Finance Minister reap a fiscal windfall of at least $12 billion when he presents his 2015/16 budget in February.

  • Japan Abe faces battle on reforms despite vote win Sunday, 14 Dec 2014 | 2:14 AM ET

    TOKYO— Japan's Prime Minister Shinzo Abe faces strong resistance to a promised economic and political overhaul despite a weekend election victory that gives him up to four more years in power. That majority will enable the coalition to override resistance in the upper house, but not necessarily the powerful vested interests and bureaucrats opposed to major...

  • New China free trade zones to lift growth Sunday, 14 Dec 2014 | 1:32 AM ET
    Gate to Shanghai free trade zone

    China will create three new free trade zones modeled on one established a year ago in Shanghai as the government tries to boost slowing growth in the world's second-largest economy.

  • China growth may slow to 7.1%: Central bank report Saturday, 13 Dec 2014 | 11:16 PM ET

    China's economic growth could slow to 7.1 percent in 2015 from an expected 7.4 percent this year, held back by a sagging property sector, the central bank said in research report.

  • BEIJING, Dec 14- China's economic growth could slow to 7.1 percent in 2015 from an expected 7.4 percent this year, held back by a sagging property sector, the central bank said in research report seen by Reuters on Sunday. China's exports are likely to grow 6.9 percent in 2015, quickening from this year's 6.1 percent rise, while import growth is seen accelerating to...

  • Japan's weak opposition makes Abe default choice Saturday, 13 Dec 2014 | 1:41 AM ET

    TOKYO— Japanese Prime Minister Shinzo Abe is counting on a landslide victory in parliamentary elections Sunday that will likely return his ruling coalition to power with an even bigger majority, empowering him to pursue an ambitious agenda of political and economic reforms. Yet Abe is virtually the only game in town thanks to Japan's tendency toward a...

  • Higher prices, shortages create pressure for IS Friday, 12 Dec 2014 | 4:24 PM ET

    BAGHDAD— Saadi Abdul-Rahman was recently forced to pull his three children out of school in the Iraqi city of Mosul, where Islamic State militants have ruled with an iron fist since June. "The situation in Mosul is miserable." The economy in the self-styled "caliphate" declared by the Islamic State group bridging Iraq and Syria is starting to show signs of strain.

  • Business events scheduled for the coming week Friday, 12 Dec 2014 | 1:51 PM ET

    WASHINGTON— Commerce Department releases housing starts for November, 8:30 a.m.; Federal Reserve policymakers begin a two-day meeting to set interest rates. WASHINGTON— Labor Department releases Consumer Price Index for November, 8:30 a.m.; Commerce Department releases current account trade deficit for the third quarter, 8:30 a.m.; Federal Reserve...

  • LONDON, Dec 12 (Reuters- Norway's crown plunged to its lowest in more than a decade against the dollar on Friday, a day after its central bank unexpectedly cut interest rates to boost growth as oil prices slid further. Norges Bank said lower oil prices were behind Thursday's 25 basis point rate cut, and that it could well ease policy further. "Another big drop in the oil...

  • China's century? Oh really...  Friday, 12 Dec 2014 | 6:26 AM ET

    is China poised to become the dominate economic global player? CNBC's Michelle Caruso-Cabrera reports on China's outlook and takes a look at Russia's prospects.

  • Thousands of Italians protest economic reforms Friday, 12 Dec 2014 | 4:42 AM ET

    MILAN— Tens of thousands of union workers marched through more than 50 Italian cities on Friday to protest government economic reforms that they say erode their rights. In a sign of discord within his own Democratic Party, some of its members joined the marches. Susanna Camusso, the leader of CGIL, Italy's largest union, led a protest march in the northern city of...

  • Japan is in a 'sweet spot'  Friday, 12 Dec 2014 | 4:40 AM ET

    Discussing the possibility of a flip from deflation to inflation in Japan will inevitably cut into corporate margins say Jesper Koll, managing director and head of Japanese equity research at JPMorgan Securities, yet for the next year, low oil prices will help.

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