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Archive Asia Economy

  • A woman walking past Marriott signage in Hangzhou in China's Zhejiang province. Authorities in China have shut down Marriott's local website for a week after the US hotel giant mistakenly listed Chinese-claimed regions such as Tibet and Hong Kong as separate countries.

    Just as Alaska and Hawaii are part of the U.S., Hong Kong, Macao, Taiwan and Tibet are "all parts of China," China Daily said.

  • It's important to pay attention to China's policy goals

    Mark Tinker of AXA Framlington Asia says China's policy goals are signposts for investing more so than an absolute GDP figure.

  • ADB sees another strong growth year in 2018

    Takehiko Nakao of the Asian Development Bank says Association of Southeast Asian Nations, or ASEAN, are pulling ahead in growth.

  • *WASHINGTON- Senate Banking Committee holds a vote on the nomination of Jerome Powell to be chairman of the Federal Reserve 1500 GMT. PALM BEACH- Federal Reserve Bank of Chicago President Charles Evans and Federal Reserve Bank of Dallas President Robert Kaplan participate in a moderated discussion on current economic conditions and monetary policy before...

  • Watch our for bond market swings in 2018

    Jason Ambrose of Vanda Research says the interplay of policies by key central banks has the potential to swing the global bond markets in 2018.

  • TALLINN, Estonia— Japan's prime minister said Saturday his country has entered into a pact with Estonia, Latvia and Lithuania to boost economic and political ties with the three former Soviet republics. "I am glad that economic partnership treaty negotiations between Japan and the European Union have been concluded," Abe said, referring to the free trade...

  • *WASHINGTON- Senate Banking Committee holds a vote on the nomination of Jerome Powell to be chairman of the Federal Reserve 1500 GMT. PALM BEACH- Federal Reserve Bank of Chicago President Charles Evans and Federal Reserve Bank of Dallas President Robert Kaplan participate in a moderated discussion on current economic conditions and monetary policy before...

  • NEW DELHI, Jan 12- Rising food prices pushed India's retail inflation to a 17- month high in December, breaching the central bank's medium-term target for the second straight month, which could intensify pressure for it to raise policy rates in the next few months. India's measure of consumer price inflation, the CPI index, rose 5.21 percent in December from a year...

  • SHANGHAI, Jan 12- China stocks managed to look past soft trade data and end the week higher on Friday, with the benchmark Shanghai index up for the 11th straight session on strong gains in consumer and financial firms. **China's exports and imports growth slowed in December after unexpectedly surging the previous month, adding to signs of ebbing economic growth as...

  • Kim Jong Un

    China on Friday reported a sharp drop in trade with North Korea in 2017.

  • A worker stands on piles of industrial products before exporting, at a port of Lianyungang, China

    China reported a 7.9 percent rise in exports and a 15.9 percent jump in imports — both in dollar terms — for 2017.

  • **China's exports and imports growth slowed in December after unexpectedly surging the previous month, adding to signs of ebbing economic growth as the government extended a crackdown on financial risks and factory pollution. **China's blue-chip CSI300 index was up 0.2 percent, with its financial sector sub-index higher by 0.3 percent, the consumer staples...

  • BEIJING— China's trade growth cooled in December in a possible sign of weaker global and domestic demand, but last year's total exports rose 7.9 percent over 2016 while imports were up 15.9 percent. Beijing faces mounting pressure from Washington and Europe over complaints over trade barriers and that Chinese exports of unfairly low-priced steel and some...

  • SAN DIEGO- Federal Reserve Bank of Boston President Eric Rosengren speaks on the economic outlook and receives the GIC Frederick Heldring Award for Global Leadership at an event hosted by the Global Interdependence Center- 2115 GMT. **LONDON- Bank of England Deputy Governor Sam Woods speaks at parliament treasury committee- 0915 GMT. PALM BEACH- Federal Reserve...

  • CARACAS, Jan 11- In a modest apartment near a Caracas slum, nutrition professor Nancy Silva and four aids spread rich, dark Venezuelan cocoa on a stone counter to make chocolate bars to be sold in local shops that cater to the crisis-hit country's dwindling elite. Like some 20 recently launched Venezuelan businesses, Silva uses the country's aromatic cocoa to...

  • CARACAS, Jan 11- In a modest apartment near a Caracas slum, nutrition professor Nancy Silva and four aids spread rich, dark Venezuelan cocoa on a stone counter to make chocolate bars to be sold in local shops that cater to the crisis-hit country's dwindling elite. Like some 20 recently launched Venezuelan businesses, Silva uses the country's aromatic cocoa to...

  • CARACAS, Jan 11- In a modest apartment near a Caracas slum, nutrition professor Nancy Silva and four aids spread rich, dark Venezuelan cocoa on a stone counter to make chocolate bars to be sold in local shops that cater to the crisis-hit country's dwindling elite. Like some 20 recently launched Venezuelan businesses, Silva uses the country's aromatic cocoa to...

  • BEIJING— China's foreign exchange regulator on Thursday challenged a report it might slow or stop purchases of U.S. Beijing keeps a big share of its $3.1 trillion in foreign currency reserves in Treasury debt, which is considered safe and easy to trade. Beijing is believed to hold additional assets through intermediaries in Switzerland other financial...

  • Chinese bank staff member counting stacks of 100-yuan notes at a bank in Huaibei, China.

    Financial markets took a hit from a report that China is trimming its U.S. bond holdings — but is this political posturing?

  • *China had set 2017 GDP growth target at around 6.5 pct. BEIJING, Jan 11- China's Premier Li Keqiang said the world's second-biggest economy is expected to have grown around 6.9 percent last year, the official Xinhua news agency reported, accelerating from a 26- year low in 2016.. In the past year, China's economy has maintained a steady and favorable trend, with the...

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