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Asia Economy

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  • Singapore's Economy Slows on Cooling Measures Sunday, 18 Nov 2007 | 8:29 PM ET

    Singapore's economy grew at an annualized, seasonally adjusted rate of 4.3 percent in the third quarter, well below market expectations for 6.4 percent, as a series of government cooling measures and the impact of the subprime crisis took hold. 

  • World Bank Jacks Up East Asia Growth Forecasts Thursday, 15 Nov 2007 | 12:03 AM ET

    The World Bank on Thursday lifted its economic growth estimate for East Asia this year by a full percentage point after an unexpected strong spurt in China's growth in the first half of 2007.

  • China's Industrial Output Eases, but Still Strong Wednesday, 14 Nov 2007 | 11:21 PM ET
    China Trade

    China's industrial production slowed more than expected in October under the weight of government tightening measures, but growth was still by far the strongest of any major economy.

  • China October Retail Sales Rise a Record 18.1% Wednesday, 14 Nov 2007 | 12:13 AM ET

    Soaring food costs drove up China's inflation in October, reinforcing expectations that the Chinese retail sales jumped 18.1 percent in October from a year earlier, the fastest pace on record, propelled by rising incomes, accelerating inflation and windfall gains from the surging stock market.

  • Japan's Economy Grows, But BOJ Holds Rates Tuesday, 13 Nov 2007 | 6:20 AM ET
    Shipping containers lay stacked on a cargo ship docked at the Ensenada International Terminal port facility on Wednesday, March 8, 2006 in Ensenada, Mexico. In March 2005, the facility acquired two additional cargo cranes, seen in the background, bringing the total to four. Mexico and some of the world's largest retailers and shipping interests are bolstering Pacific ports south of the border, hoping to catch future runoff as an increasing tide of Asian cargo sails toward already clogged ports i

    Japan's economy grew faster than expected in the third quarter, but the Bank of Japan kept interest rates on hold in the face of market turmoil that has sent both stocks and the dollar sliding.

  • Chinese Consumer Inflation Rebounds in October Monday, 12 Nov 2007 | 10:44 PM ET
    Investors track stock prices, China

    Soaring food costs drove up China's inflation in October, reinforcing expectations that the central bank will raise interest rates again before long to keep a lid on price pressures. Consumer price inflation quickened to 6.5 percent in October, matching the near 11-year peak scaled in August, from 6.2 percent in September.

  • China Trade Surplus Hits Record, But Imports Strong Monday, 12 Nov 2007 | 1:30 AM ET
    Loaded cargo ships carrying imported goods are anchored off the coast of the ports of Los Angeles and Long Beach, Calif., Monday, Oct. 11, 2004, waiting for the opportunity to be off-loaded at the docks. The U.S. trade deficit, propelled by a record foreign oil bill, surged to $54 billion in August, the second highest level in history. (AP Photo/Reed Saxon)

    China on Monday posted a record trade surplus for October, but the total was smaller than expected, as climbing raw material costs and strengthening domestic demand gave a boost to imports.

  • Japan Wholesale Prices Rise; View on BOJ Unchanged Sunday, 11 Nov 2007 | 10:16 PM ET

    Japanese wholesale prices rose slightly more than expected in October from a year earlier on rising oil prices, but investors, preoccupied with global markets, stuck to the view that the Bank of Japan will wait until next year to lift rates.

  • South Korea Holds Interest Rates as Expected Wednesday, 7 Nov 2007 | 11:23 PM ET

    South Korea's central bank held its main interest rate steady at 5.0 percent for the third month in a row on Thursday, as widely expected, amid turbulent global markets and despite growing inflationary pressures.

  • Australia Unemployment Is Up, Full-Time Jobs Surge Wednesday, 7 Nov 2007 | 10:20 PM ET

    Unemployment in Australia unexpectedly ticked up from 33-year lows in October but the number of full-time jobs increased by the biggest amount in 16 years, underlining the continued strength of the economy.

  • Japan's Machine Orders Seen Rising but Rates on Hold Wednesday, 7 Nov 2007 | 9:35 PM ET

    Japanese machinery orders rose in the July-September period and are forecast to keep going this quarter, supporting the growth outlook for the economy, but financial market turmoil looks set to keep a lid on interest rates for the next few months.

  • BOJ Keeps Rates on Hold, Seen Trimming Forecasts Wednesday, 31 Oct 2007 | 1:30 AM ET

    The Bank of Japan left its policy rate unchanged at 0.5 percent on Wednesday, as widely expected, reflecting caution among central bankers over market uncertainty and the economic fallout from U.S. subprime woes.

  • Japan's September Jobless Rate, Spending Rises Monday, 29 Oct 2007 | 10:31 PM ET

    Unemployment in Japan rose to 4.0 percent last month, reinforcing expectations the Bank of Japan will delay its next rate rise, but household spending jumped.

  • Hot Weather Lifts Japan's September Retail Sales 0.5% Sunday, 28 Oct 2007 | 11:50 PM ET

    Japanese retail sales rose unexpectedly in September from a year earlier, government data showed on Monday, suggesting consumer spending may be picking up in accordance with moderate improvement in workers' income conditions.

  • BOJ Is Seen Cutting Growth Forecast, Keeping Scenario Sunday, 28 Oct 2007 | 11:37 PM ET

    The Bank of Japan is seen cutting its growth and inflation forecasts and stressing more the downside risks, as markets push back still further into next year expectations of when the central bank will next increase rates.

  • Japanese core consumer prices fell from a year earlier in September, as expected, marking the eighth straight month of decline and doing little to change expectations that the Bank of Japan's monetary policy will be on hold for now.

  • China's Economy Slows a Touch but Still Red Hot Wednesday, 24 Oct 2007 | 11:08 PM ET
    Great Wall of China

    China's annual gross domestic product  growth eased to 11.5 percent in the third quarter, but the slowdown from a 12-year high of 11.9 percent in the second quarter was not enough to dispel expectations of fresh policy curbs to stave off overheating.

  • Korea's Economy Expands Slightly, Misses Forecasts Wednesday, 24 Oct 2007 | 10:15 PM ET

    South Korea's economy grew less than expected in the third quarter as companies cut investment in facilities by the most in nearly seven years in the face of an increasingly uncertain global economy, data showed on Thursday.

  • NZ Holds Rates Steady, but Vigilant on Inflation Wednesday, 24 Oct 2007 | 8:35 PM ET

    New Zealand's central bank held interest rates steady at 8.25 percent on Thursday, as expected, but said rising food prices and increased government spending were adding to persistent inflation pressures.

  • Australia's Core Inflation Jumps, Rings Rate Alarm Wednesday, 24 Oct 2007 | 1:29 AM ET

    Underlying inflation in Australia speeded past expectations last quarter to hit the very top of the central bank's target range, sharply lifting the risks of a hike in interest rates as early as next month.

Contact Asia Economy

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