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Asia Economy

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  • FOREX-Aussie off lows after China GDP; yen edges down Wednesday, 16 Apr 2014 | 12:42 AM ET

    *Tokyo shares extend gains on Japan finmin comments on GPIF. SINGAPORE, April 16- The Australian dollar pared losses on Wednesday after China's first-quarter economic growth slightly exceeded expectations and helped underpin risk sentiment.

  • Asia stocks fail to match Wall Street gains Wednesday, 16 Apr 2014 | 12:07 AM ET

    TOKYO— Shares rose Wednesday in Asia as positive sentiment from strong corporate earnings outweighed Ukraine's crisis and slower economic growth in China.

  • BEIJING, April 16- China's economy grew at its slowest pace in 18 months in the first quarter of 2014, official data showed on Wednesday, with signs of waning momentum already prompting limited government action to steady the world's second-largest economy. It was China's slowest annual growth since the third quarter of 2012, when growth was also 7.4 percent.

  • BEIJING— CORRECTION: China's economic growth slows to 7.4 percent, slowest since third quarter of 2012..

  • SYDNEY, April 16- Commodity currencies nursed heavy losses early on Wednesday, while the other major currencies struggled for clear direction as investors kept a nervous eye on developments in Ukraine and ahead of a slew of Chinese economic data.

  • *Data due at 10 a.m. local time/ 0200 GMT. BEIJING, April 16- China is expected to report its slowest growth in five years on Wednesday, a Reuters poll shows, with signs of waning strength in the first quarter of 2014 already prompting government action to steady the world's second-largest economy.

  • ISTANBUL, April 15- An annual meeting of Turkey's central bank on Thursday will be closely watched for signs that Prime Minister Tayyip Erdogan's government, strongly opposed to high interest rates, is trying to boost its influence over monetary policy.

  • Kyle Bass: Japanese bonds look 'terrible'     Tuesday, 15 Apr 2014 | 10:40 AM ET

    Hayman Capital's Kyle Bass believes Wall Street's recent selloff has shown cracks in the Japanese economy.

  • Asia shares rise, shrug off slower China growth Tuesday, 15 Apr 2014 | 2:54 AM ET

    TOKYO— World stock markets were mostly lower Tuesday as Ukraine tensions continued to bubble and jitters about China's economy resurfaced. Hong Kong's Hang Seng was down 1.6 percent at 22,671.26 as a drop in China's money supply unnerved investors ahead of first quarter economic growth figures due Wednesday.

  • TOKYO, April 15- Nerves got the better of Asian share markets on Tuesday as they turned lower after an upbeat U.S. retail sales report was eclipsed by soft data from China, providing a stark reminder to investors of the headwinds facing the world's second-largest economy.

  • Spain eyes stronger economic ties with UAE visit Monday, 14 Apr 2014 | 4:56 AM ET

    ABU DHABI, United Arab Emirates— King Juan Carlos of Spain began a visit to the Persian Gulf region on Monday by telling United Arab Emirates officials that deepening ties with their oil-rich country was a top priority, highlighting the role wealthy Arab states could play in shoring up the battered Spanish economy.

  • *Thailand expected to post slowest GDP growth in Asia. BANGKOK, April 14- The golden Buddha statues, amulets and lucky charms that festoon Sakuntala Mettawong's tiny Bangkok cellphone shop are not helping business.

  • Vietnam releases dissidents amid foreign pressure Monday, 14 Apr 2014 | 1:14 AM ET

    HANOI, Vietnam— Vietnam has granted early release to two high-profile dissidents, bringing the number of democracy activists freed this month to three in what the government called a "policy of leniency." The unusual moves come as Hanoi is negotiating a free trade deal with the United States that is expected to help Vietnam's stumbling economy.

  • FOREX-Euro retreats as ECB steps up verbal campaign Sunday, 13 Apr 2014 | 7:48 PM ET

    *Ukraine, stocks, Chinese data in focus this week. SYDNEY, April 14- The euro got off to a shaky start on Monday after the European Central Bank fired another warning shot at bullish investors, saying it will be forced to ease monetary policy further if the currency keeps going up.

  • PARIS, April 13- Chinese economic growth data this week will offer the clearest indication yet of whether the world's second-largest economy will dodge a "hard landing". The International Monetary Fund warned last week on the risk of a "hard landing" in China.

  • UAE unveils new law in wider push for job creation Sunday, 13 Apr 2014 | 6:17 AM ET

    ABU DHABI, United Arab Emirates— The United Arab Emirates finance minister said Sunday that officials are finalizing a new law to boost entrepreneurship with broad incentives, part of a wider push to create jobs for a burgeoning young population.

  • WASHINGTON, April 13- For a bunch of people who just agreed the global economy is doing better, top officials from the world's rich and poor nations sound rather worried.

  • WASHINGTON, April 12- A senior Chinese official hit back on Saturday at International Monetary Fund warnings that China's economy faced the danger of a hard landing due to poor asset quality, saying the government was taking action to deal with financial risk.

  • SHANGHAI, April 11- China's yuan held a flat tone for the week on Friday after the central bank set its guidance rate up 0.02 percent from Thursday's close, as markets digested economic policy statements from officials alongside uninspiring macroeconomic data.

  • China's inflation edges up to 2.4 percent Thursday, 10 Apr 2014 | 11:29 PM ET

    BEIJING— China's consumer inflation edged up in March as food prices rose despite signs the world's second-largest economy is slowing. Inflation still is well below the official target for the year of 3.5 percent, leaving Beijing room to stimulate the slowing economy with interest rate cuts or other measures if necessary.

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