TOKYO, Dec 19- The Bank of Japan is set to keep monetary policy steady on Friday and may offer a brighter view of the economy, clinging to hope that joint efforts with Prime Minister Shinzo Abe to reflate the economy will prod companies into boosting wages and investment. The rate review will be the first since Abe's landslide victory in a Dec. 14 election that gave...» Read More
India's central bank is widely expected to make a modest cut in interest rates later on Tuesday to support an economy set for its slowest growth in a decade, with a deeper cut unlikely due worries over the fiscal and external deficits and inflation.
Japanese Prime Minister Shinzo Abe, vowing to overcome what he called an economic crisis facing the nation, urged the Bank of Japan (BOJ) on Monday to hit its inflation target as soon as possible, keeping up pressure on the central bank to make good its promise of bolder action to overcome deflation.
China's central bank is signaling it is abandoning its traditional role in the domestic currency market as the ready supplier of liquidity, forcing corporations to bear more risk so that they learn how to cope with a more volatile yuan.
For all the doomsayers predicting an end to its mining boom, Australia is pumping out more metal, coal and gas thanks to a investment bonanza that will peak this year, boosting exports needed to extend a jaw-dropping 21-year run of economic growth.
Profits earned by China's industrial companies rose 17.3 percent in December from a year earlier to 895.2 billion yuan ($143.91 billion), official data showed on Sunday, as a fourth-quarter recovery helped offset poorer corporate results in the third.
Japan's economy minister rejected criticism on Saturday that his country's extraordinary fiscal and monetary stimulus program was aimed at weakening the yen and undermined central bank independence.
Japan's core consumer prices slipped for a second straight month in the year to December, signaling the economy was still in deflation and piling more pressure on the central bank to adopt further stimulus steps to achieve its new inflation target.
Stock-pickers betting on an Indian economic rebound may be disappointed by upcoming earnings reports from domestically focused companies, as consumer demand and infrastructure output remain weak and high inflation persists.
A financial trading tax (FTT) planned by a group of euro zone nations could leave major banks, its main target, relatively unscathed while less nimble smaller trading houses, pension funds and asset managers bear the brunt.
Even as the South Korean economy struggled in 2012, there was one bright spot-K-Pop sensation Psy's "Gangnam Style" video–that helped bring a record number of tourists boosting revenues to a new high.
Growth in China's giant factory sector accelerated to a two-year high in January, a preliminary private survey showed, as manufacturers received more local and foreign orders in an encouraging sign for the country's economic rebound.
The Bank of Japan is set on Tuesday to unveil its most determined effort yet to beat years of economic stagnation, but the big challenge will be how to impress markets already pricing in a doubling of its inflation target and further asset buying.
China's recovery from its longest slowdown in growth since the global financial crisis is being driven by the two forces posing the biggest risks to the economy's increasingly urgent need to rebalance - investment and property.
It was first reported in 2010 that the pillars of Kolkata's landmark Howrah bridge were being used as spittoons by pedestrians who chewed gutkha – a tobacco product popular with millions in India. The Christian Science Monitor reports.
The glamour, champagne-soaked launches and celebrity clients belie a mounting unease in the world of "super-yachts."
The European Central Bank should keep monetary policy easy and perhaps try to lower borrowing costs further to help the euro zone's struggling economy, the head of the International Monetary Fund said on Thursday.
China's economy grew 7.9 percent in the fourth quarter of last year from a year earlier, rebounding after seven straight quarters of slowdown, but an uncertain global outlook means Beijing may need to keep tweaking policy to support growth.
The Bank of Japan will next week mull scrapping its 0.1 percent floor on short-term interest rates and pledging to buy assets open-endedly until 2 percent inflation is foreseen, sources familiar with the central bank's thinking said.
Chinese outbound foreign direct investment (ODFI) was the largest on record in December, demonstrating Chinese companies' increasing appetite for foreign assets and a balancing out of the country's cross-border capital flows.
China's economy rebounded towards 8 percent growth in the final quarter of 2012 after seven straight quarters of slowdown, data on Friday should confirm, but an uncertain global outlook means Beijing may need to keep tweaking policy to support growth.
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