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Japan:
Second India-Japan strategic dialogue on economic issues
China:
India-Brazil-South Africa to cooperate in health sector
South Korea:
South Korea Gives US Beef The All Clear
India:
Indian government approves re-structured APDRP
Pakistan:
Restoration of Indo-Pak dialogue to push trade
Singapore:
India-Brazil-South Africa to cooperate in health sector
Thailand:
Fastest Growth for Thailand Economy in Six Quarters
Taiwan:
Taiwan Enjoy Expanded Trade Surplus
Indonesia:
Central Bank Chief Of Indonesia Detained
Malaysia:
Malaysia economy grows and banking liberalises
India Grows Beyond Analysts Forecasts
by Stewart DouglasThe Indian economy has seen above expectation growth, particularly in manufacturing and services, according to figures released by the Indian Ministry of Statistics today.
The Gross Domestic Product (GDP) had increased over the second quarter on the year before, rising by a staggering 9.3%, and continuing the growth the economy has enjoyed over the last few [...]
Mizuno: Japanese Rate Decisions Have Contributed To Worldwide Volatility
by Stewart DouglasThe dissenting member of the Bank of Japan policy committee today announced his feelings that the low Japanese interest rates may have been contributing to the wider global economic situation.
In a speech made today, the only dissenting member in the 8-1 decision to maintain interest rates at 0.5%, Atsushi Mizuno said that in his opinion [...]
Air China Profits Increase By 300%
by Stewart DouglasAir China has today announced a tripling of profits over the first two quarters of 2007, according to reports from the region today.
The Chinese airline, owned by the government, has seen its profits skyrocket to around $205 million for the half ended June, compared to just around $70 million this time last year.
The airline has [...]
Bank of Japan Put Economy On Track For Sustainable Price Growth
by Stewart DouglasThe policy board of the Bank of Japan have suggested that the Japanese economy is likely to follow a stable price growth curve over the next few weeks, according to the minutes of the last meeting.
The minutes, which were published today, reflected a commitment to maintaining monetary policy under the current economic climate, showing perceived [...]
Japan In Prelim Trade Agreement With ASEAN
by Stewart DouglasJapan has today announced that it has come to an agreement with the Association of South East Asian Nations (Asean) that would see free trade between the member states.
The economic body comprised of delegates from Asean member states, accounts for a significant proportion of bi-lateral trade with Japan, and would see the region turn virtually [...]
South Korea Gives US Beef The All Clear
by Stewart DouglasSouth Korea has announced today it has given US beef the all clear, paving the way for beef imports from the US to resume.
South Korea had until now enforced a ban on beef products from the US after the discovery of BSE at a US plant earlier this month.
However, after assurances from high ranking US [...]
Bank of Japan Maintain Interest Rates Freeze
by Stewart DouglasThe Bank of Japan has today announced its decision to maintain interest rates for the sixth consecutive month.
The central bank, responsible for determining interest rate policy on a monthly basis, has chosen to maintain interest rates at 0.5%, after widespread speculation that they would increase by a quarter of a percentage point.
The move has been [...]
Japan Trade Surplus Down In July
by Stewart DouglasThe Japanese trade surplus has fallen over the course of July, seeing the first decline in the surplus in almost a year, according to official figures released today
The difference between imports and exports in the Japanese economy has grown or remained consistent over the last nine months before today’s decline.
The surplus has decreased by 21.1% [...]
China In Interest Rate Hike
by Stewart DouglasThe People’s Bank of China has today announced it’s decision to raise interest rates for the fourth time this year, on the back of mounting inflationary pressures within the economy.
The central bank of the world’s fastest growing economy has decided to raise interest rates four times this year in an attempt to stop rising prices.
The [...]
Indonesia and Japan Agree Trade Deal
by Stewart DouglasJapan and Indonesia have today agreed on an historic free trade pact, on an official state visit by the Japanese Prime Minister Shinzo Abe to Jakarta, the nation’s capital.
The meeting in the capital saw Prime Minister Shinzo Abe signing a free trade agreement between the two countries, ending many of the barriers to trade in [...]
Hong Kong Economy Sees Above-Expectation Growth Through Second Quarter
by Stewart DouglasThe rate of growth in the Hong Kong economy has grown significantly, beyond analyst expectations according to fiogures released today.
The figures have shown growth over the second quarter to June of 6.9% in real terms, according to the Statistical Office today. And with first quarter growth of an impressive 5.7%, the Hong Kong economy [...]
Burma In Unprecedented Fuel Hike
by Stewart DouglasThe Burma Government ordered a steep price hike in fuel at its state-run petrol stations, a move that left many stranded with no way home.
The move came without warning from the Burma government, and has shocked analysts and energy experts worldwide, leaving the economy stuck for fuel and energy at the present moment.
The orders came [...]
Singapore Retail Sales Continue To Grow In June
by Stewart DouglasRetails sales across Singapore increased in growth over the course of June from May, according to official figures released today.
The report released by Statistics Singapore reflected a total increase on retail sales of an impressive 7.5% through the course of June, showing a growing trend towards increasing consumer spending.
This figure compares against May’s figure, which [...]
China Sees Rampant Consumer Sales Growth
by Stewart DouglasChinese consumer sales growth is rampant, expanding at the quickest rate in over three years, according to figures released today.
The Chinese economy, growing quicker than any other economy worldwide, is seeing a rise in retail sales, driven by rising wages and disposable incomes nationwide.
China grew economically by eleven and a half percent over the first [...]
Bank Of Japan Joins Lending Rescue Package
by Stewart DouglasThe Bank of Japan has announced a cash injection for the banking industry to the tune of 1.6 trillion yen.
The move comes after similar steps by both the Federal Reserve in the US and the European Central Bank to intervene in floundering financial markets.
The Japanese central bank announced 1 trillion yen on Friday, with the [...]
China Money Supply On The Increase In July
by Stewart DouglasChina have today released figures showing an increase in money supply nationwide, leading to increasing fears of inflationary pressures.
The figures released today by the Chinese central bank reflected an increase of in excess of 18.45% on a yearly basis for the month of July.
The money supply in July totalled a highly significant 38.39 trillion yuan, [...]
Bank Of Korea In Shock Interest Rate Hike
by Stewart DouglasThe Bank of Korea has today announced yet another interest rate rise, despite analyst predictions that rates would remain consistent.
In the shock announcement this morning, the Bank of Korea Monetary Policy Committee decided to raise interest rates to 5.00% to help reign in inflation.
The Bank had previously maintained interest rates at 4.5% since their last [...]
India to Curb Foreign Borrowing
by Stewart DouglasIndia’s government has today imposed new restrictions on overseas borrowing by local companies to counter a surge of foreign money into the country that has fueled inflation and strengthened the rupee.
Companies wont be allowed to bring more than $20 million in overseas loans into the country, the federal finance ministry under P. Chidambaram said in [...]
Wealth Gap Increases Throughout Asia
by Stewart DouglasThe wealth gap that separates the richest and poorest citizens in society has increased across Asia, according to a study released today.
The figures measured the difference in income between the top and bottom earning sectors several years ago, and then compared the results with recent findings to track the progress of Asian economies in minimising [...]
Japan Maintains Economic Assessment
by Stewart DouglasJapan today announced its decision to maintain the status of the economy, using the same wording for its assessment of the current economic climate as in previous months.
The description of the economy as ‘recovering despite weakness in industrial production in some sectors’ has remained consistent for nine consecutive months, as Japan remains fixed on its [...]