Archive Asia Economy

NEW YORK— President Donald Trump added economic action to his fiery military threats against North Korea on Thursday, authorizing stiffer new sanctions in response to the Koreans' nuclear weapons advances. The exchange of super-heated rhetoric and unusually personal abuse between the adversaries will escalate tensions that have been mounting as North...

BEIJING— China's Finance Ministry on Friday criticized the cut in the Standard& Poor's rating agency's credit rating on Chinese government borrowing as a "wrong decision" and said it ignores the country's economic strength. The move added to warnings China's debt burden might drag on economic growth or threaten the financial system. It said Hong Kong has a good...

DUBLIN- ECB President Mario Draghi gives Keynote speech at Henry Grattan Lecture Invitation organized by Trinity College in Dublin- 0830 GMT. FRANKFURT- ECB Vice President Vitor Constancio gives closing remarks at the ECB conference "Low inflation: Lessons from the past! FRANKFURT- ECB Vice President Vitor Constancio chairing panel "Macroprudential policy...

DUBLIN- ECB President Mario Draghi gives Keynote speech at Henry Grattan Lecture Invitation organized by Trinity College in Dublin- 0830 GMT. FRANKFURT- ECB Vice President Vitor Constancio gives closing remarks at the ECB conference "Low inflation: Lessons from the past! FRANKFURT- ECB Vice President Vitor Constancio chairing panel "Macroprudential policy...

*Norway's central bank signals quicker path to rate hike. NEW YORK, Sept 21- The dollar weakened against a basket of currencies on Thursday, retreating from a more than two-week peak as bets stoked by the Federal Reserve signalling it may raise interest rates in December abated. "People were surprised that Yellen stuck with the script that weak inflation is...

*S&P: China's prolonged and strong credit growth has raised risks. Sept 21- S&P Global Ratings downgraded China's long-term sovereign credit rating on Thursday, less than a month ahead of one of the country's most sensitive political gatherings, citing increasing risks from its rapid build-up of debt. "The downgrade reflects our assessment that a prolonged...

LONDON, Sept 21- Copper hit its lowest in more than a month while nickel slid more than 3 percent on Thursday after the Federal Reserve raised expectations of one more rate hike this year, boosting the dollar. The metal is holding above the $6,600 resistance, and on the fundamental side demand is not booming supplies have been reduced so we don't need such strong...

BEIJING, Sept 21- S&P Global Ratings cut China's long-term sovereign credit ratings by one notch to' A+' from' AA-' on Thursday, saying its prolonged period of strong credit growth has increased its economic and financial risks. The outlook on China's long-term rating is stable, S&P said. http://bit.ly/2fdva4Y. *S&P says China's prolonged period of strong credit...

ULAANBAATAR, Sept 21- A boom in the coal trade in Mongolia has helped elevate the country's benchmark stock index and pump the tiny exchange's market capitalisation to five-year highs as optimism about the economy grows following a bailout deal. Mongolia has helped fill a supply gap following Beijing's ban on imports from North Korea and some smaller ports, as...

BEIJING, Sept 21- S&P Global Ratings cut China's long-term sovereign credit ratings by one notch to' A+' from' AA-' on Thursday, saying its prolonged period of strong credit growth has increased its economic and financial risks. The outlook on China's long-term rating is stable, S&P said. http://bit.ly/2fdva4Y. *S&P says China's prolonged period of strong credit...

Sept 21- S&P Global Ratings downgraded China's long-term sovereign credit rating by one notch on Thursday to A+ from AA-, citing increasing risks from the country's rapid build-up of credit. "The downgrade reflects our assessment that a prolonged period of strong credit growth has increased China's economic and financial risks," S&P said in a statement, adding...