SEOUL, July 23- South Korea's economy likely posted its weakest growth in more than a year in the June quarter, with a deadly ferry accident hitting consumption and offsetting a modest recovery in exports. The Bank of Korea is confident the second quarter will prove to be the trough for Asia's fourth-largest economy, but the government is less sanguine.» Read More
Raymond Yeung, senior economist for Greater China at ANZ, says China can achieve 7.5 percent GDP growth in 2014, as the momentum in the economy "clearly picked up" in the second quarter.
HONG KONG, July 16- China shares posted their first losses in four sessions on Wednesday, as investors rotated out of recent outperformers ahead of a new batch of initial public offerings. Investors largely shrugged off the announcement that China's economy grew slightly faster than expected in the second quarter.
*Intel stock up more than 4 pct after beating estimates. SYDNEY, July 16- Asian stocks held stubbornly steady on Wednesday after China reported economic growth that was just ahead of market expectations, drawing a sigh of relief from investors rather than outright applause.
*Huadian Power jumps on positive profit alert. HONG KONG, July 16- Hong Kong and China shares eked out slim gains by midday on Wednesday, after China reported that second-quarter economic growth was slightly faster than market expectations.
Alaistair Chan, Economist at Moody's Analytics, says issues like overcapacity and deflationary pressures will compel Beijing to unleash more stimulus measures in the months ahead.
Sam Le Cornu, Senior Portfolio Manager, Asia of Macquarie Funds Group, expects Chinese stocks to rise after the economy grew 7.5 percent in the second quarter.
Greg Gibbs, Senior Currency Strategist at RBS, says the Australian dollar fell on Wednesday because investors are focusing on tightening credit conditions in China rather than upbeat data.
John Zhu, Greater China Economist, HSBC and Hugh Young, Managing Director, Aberdeen Asset Management, discuss what China's data deluge on Wednesday means for growth.
*JX Holdings rises on report saying it will build hydrogen stations. TOKYO, July 16- Japan's Nikkei share average was flat on Wednesday morning as investors stayed cautious ahead of China economic data, with weakness in U.S. shares also curbing investors' risk appetites.
Stephen Green, Senior Economist at Standard Chartered, says recovery in China remains fragile and discusses the likelihood of further stimulus from Beijing.
Jian Chang, Chief China Economist, Barclays, outlines her forecast for second quarter GDP and explains why "mini stimulus" won't sustain future growth.
LAGOS, July 15- Nigeria forecasts its economy will grow by at least 6.2 percent this year following a solid first-quarter performance, the statistics office said on Tuesday. Nigeria overtook South Africa as Africa's largest economy in April, after a rebasing of its calculation almost doubled its gross domestic product to more than $500 billion.
U.S. public debt remains unsustainable and will reach 106 percent of economic output in 25 years, the Congressional Budget Office said.
WASHINGTON, July 15- U.S. public debt remains on an unsustainable path and will reach 106 percent of economic output in 25 years versus about 74 percent currently, the Congressional Budget Office said on Tuesday, marking a slight increase from projections made last September.
WASHINGTON, July 15- U.S. public debt will grow to 106 percent of economic output in 25 years from about 74 percent currently, the Congressional Budget Office said on Tuesday, marking a slight increase from projections made last September.
PUBLIC DEBT IN FISCAL 2039 AT 106 PCT OF GDP VS 102 PCT IN SEPT 2013 ESTIMATE, 74 PCT IN FISCAL 2014.
*BOJ keeps policy steady, as widely expected. TOKYO, July 15- The Bank of Japan's governor voiced confidence on Tuesday that inflation would hold above 1 percent even when a boost from energy costs fades, attempting to convince sceptics the economy was recovering and there was no threat of a return to deflation.
*Fed chief to testify to Congress on Tuesday, Wednesday. TOKYO, July 15- The dollar edged up against the yen on Tuesday after the Bank of Japan tweaked its growth forecast lower, although currency moves were small as investors waited for Federal Reserve Chair Janet Yellen's congressional testimony later in the session.
Boris Schlossberg, Managing Director of BK Asset Management, says the Aussie dollar may fall to 91 cents against the greenback if China's second quarter growth report disappoints.
Germany's financial strength is "among one of the best" in the world explains Moritz Kraemer, chief rating officer for sovereign ratings at Standard & Poor's after the ratings agency reaffirmed the country's AAA rating.