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Archive Asia Economy

  • *Egypt exports to hit $22 billion for 2017. CAIRO, Sept 19- Egypt's exports should grow about 10 percent this year to reach $22 billion, Trade Minister Tarek Kabil said on Tuesday, as the country lures foreign investors keen on setting up manufacturing following economic reforms. Egypt has been trying to market itself as a manufacturing hub for foreign investors,...

  • BEIJING, Sept 19- China's central bank supports a move by some banks to increase lending rates on mortgage loans in the Beijing market, state broadcaster China Central Television on Tuesday quoted the central bank as saying. Mortgage lending rates that are 5 percent to 10 percent higher than the benchmark lending rate have become "a mainstream phenomenon" in...

  • LONDON, Sept 19- Emerging stocks seesawed around three-month lows on Tuesday and currencies were mostly flat, including Hungary's forint which hit a two-month low against the euro the previous day in expectation of more monetary policy easing. The focus is on Hungary's central bank which is expected to leave main interest rates on hold but ease policy by...

  • A man walks near a closed Lotte store in Beijing on September 15, 2017.

    It's not too late for South Korean leaders to "reflect on the lessons" from Seoul's THAAD deployment, Chinese state media said on Tuesday.

  • BEIJING— A foreign business group appealed to China on Tuesday to move faster in carrying out promises to open its state-dominated economy and warned that inaction might fuel a backlash against free trade. Beijing faces mounting complaints from Washington and Europe about barriers in industries from finance to medical equipment while its own competitors...

  • MELBOURNE, Sept 19- London copper and zinc climbed on Tuesday on signs that a cooling property market in top consumer China was not derailing economic growth in the world's top metals consumer. *CHINA PROPERTY: China's new home prices rose in August at the slowest pace in seven months and fell or leveled off in more cities as government cooling measures dampened...

  • **BASEL, Switzerland Donald Kohn, external member financial policy committee, Bank of England gives speech at the Supervisory policy implementation in the current macro-financial environment conference, Basel 1145 GMT. WEDNESDAY, SEPTEMBER 20 STOCKHOLM- Swedish Deputy Central Bank Governor Martin Floden talks about monetary policy- 1200 GMT WASHINGTON-...

  • **BASEL, Switzerland Donald Kohn, external member financial policy committee, Bank of England gives speech at the Supervisory policy implementation in the current macro-financial environment conference, Basel 1145 GMT. WEDNESDAY, SEPTEMBER 20 STOCKHOLM- Swedish Deputy Central Bank Governor Martin Floden talks about monetary policy- 1200 GMT WASHINGTON-...

  • Bryan Goh, CIO, Bordier & Cie, says there is an academic argument to suggest rising interest rates could spark inflation even as quantitative easing has failed to do so.

  • Leigh Curyer, CEO, NexGen Energy, says China is all-in on nuclear energy to fuel its plans for electric cars and reduce the country's carbon footprint.

  • Fu Chengyu , former chairman, Sinopec, said he expects the 19th party Congress in China will give investors more clarity on China's views supporting global trade.

  • *More firms cautious about China outlook than U.S outlook. TOKYO, Sept 19- A vast majority of Japanese firms are upbeat about the outlook for the U.S. economy, a Reuters poll found, a reassuring sign after some market concern earlier this year that the pace of U.S. growth could be slowing. Most also had a generally positive outlook for China's economy even if the number...

  • *Initially, short-term funds pulled out of Qatar. *Qatar can continue operating but with higher costs. In the initial weeks after the United Arab Emirates, Saudi Arabia, Bahrain and Egypt cut diplomatic and transport ties with Doha on June 5, accusing it of backing terrorism, many long-term investors sat tight, hoping the dispute would be resolved soon and allow...

  • Bitcoin

    The price for the digital currency bitcoin recovers after suffering a massive drop last week.

  • The Bank of Japan's purchases of stocks via ETFs have distorted the market, says Paul Gambles, co-founder, MBMG Group.

  • ROME- ECB Supervisor Ignazio Angeloni participates in a panel discussion at Italian Banking Conference 2017 in Rome, Italy- 0845 GMT. WASHINGTON- Bank of England Governor Mark Carney gives a lecture at the International Monetary Fund, then has a public discussion with IMF Managing Director Christine Lagarde- 1500 GMT. WEDNESDAY, SEPTEMBER 20 STOCKHOLM- Swedish...

  • ROME- ECB Supervisor Ignazio Angeloni participates in a panel discussion at Italian Banking Conference 2017 in Rome, Italy- 0845 GMT. WASHINGTON- Bank of England Governor Mark Carney gives a lecture at the International Monetary Fund, then has a public discussion with IMF Managing Director Christine Lagarde- 1500 GMT. WEDNESDAY, SEPTEMBER 20 STOCKHOLM- Swedish...

  • Bruce Rauner is wrapping up his administration's first international trade mission with a visit to a Chinese university, where he said he's encouraging students to study, visit and build companies in Illinois. Rauner spent the first part of his eight-day trip at the Midwest-Japan Conference in Japan, where he said he and eight other Midwest governors met with...

  • ROME- ECB Supervisor Ignazio Angeloni participates in a panel discussion at Italian Banking Conference 2017 in Rome, Italy- 0845 GMT. WASHINGTON- Bank of England Governor Mark Carney gives a lecture at the International Monetary Fund, then has a public discussion with IMF Managing Director Christine Lagarde- 1500 GMT. WEDNESDAY, SEPTEMBER 20 STOCKHOLM- Swedish...

  • ROME- ECB Supervisor Ignazio Angeloni participates in a panel discussion at Italian Banking Conference 2017 in Rome, Italy- 0845 GMT. WASHINGTON- Bank of England Governor Mark Carney gives a lecture at the International Monetary Fund, then has a public discussion with IMF Managing Director Christine Lagarde- 1500 GMT. WEDNESDAY, SEPTEMBER 20 STOCKHOLM- Swedish...

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