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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
Japan Consumer Prices Fall
by Stewart DouglasThe Japanese economy appears to be still caught up in a deflation cycle which has seen consumer prices fall steadily over the course of calendar year 2007, according to official figures released today.
In the figures released by the Bank of Japan, consumer prices on average feel by around 0.1% over August from this time last [...]
Kazakhstan In Oil Dispute
by Stewart DouglasThe parliament of Kazakhstan has passed a bill that is set to allow the government to cancel existing contracts it has entered with foreign-domiciled companies where doing so is reflective of the interests of the country.
The law, which still requires ratification by the President of Kazakhstan has been designed to enable the government to strike [...]
Indian Stocks Close At Record High
by Stewart DouglasThe Indian Sensex stock exchange has closed at a record high, breaking the 17,000 mark for the first time in its history as a reflection of the ongoing economic growth India has experienced over the last few years.
The leading Indian exchange gained 0.7% on the day to break 17,013, which saw a gain of 1,000 [...]
China In WTO Investigation Over Copyright Problems
by Stewart DouglasChina has today become the subject of a formal investigation by the World Trade Organisation on behalf of the US, following a number of high profile complaints of piracy and copyright infringement, particularly in manufacturing sectors.
The US authorities have officially alleged that China is not doing enough to tackle the problems of piracy and counterfeiting [...]
Singapore CPI Sees Increase
by Stewart DouglasThe Singapore rate of inflation has been recorded beyond analysts expectations, according to official figures released today, which indicate that more proactive anti-inflation measures may be necessary in order keep it from becoming too problematic.
The rate of inflation on an adjusted annual basis to August was reflected in a consumer price index increase of 2.9%, [...]
Developed Economies Not Doing Enough To Recognise Asian Growth
by Stewart DouglasThe more developed global economies are not doing enough to keep up with the rise of India and China as economic superpowers, which could lead to significant global economic problems, according to a speech made today by a former president of the World Bank.
The richer economies have not yet adapted to the fact that the [...]
China Price Freezes To Stop Inflation
by Stewart DouglasThe Chinese government has today announced it is freezing certain prices within the economy in order to help keep inflation under control to prevent further economic detriment, as part of its ongoing commitment to keeping inflation under control.
The move came after inflation for the month of August on the consumer price index rose to 6.5% [...]
Bank of Japan Maintain Rates Again
by Stewart DouglasThe Bank of Japan has today announced its decision to maintain interest rates at 0.5% for the seventh consecutive month, in a move that was backed by a majority of eight to one amidst current market fears.
The move reflects the ongoing turmoil in stock markets and the global financial sector as a result of the [...]
China Announce Congo Mineral Development
by Stewart DouglasChina has today announced a strategic partnership with Congo in relation to developing and constructing infrastructure for mineral and resource extraction, which is set to see heavy investment in transport and welfare projects.
The deal will see China loan Congo $5 billion in establishing more scalable extraction infrastructure for the vast mineral resources the country has [...]
India Inflation At Lowest Point In Two Years
by Stewart DouglasThe Indian national rate of inflation has fallen to its lowest point in over two years, according to figures released today by the national statistics body.
The figures released today reflected the decreased cost of vegetables and some other food stuffs in the wake of rampant economic growth and increasing salaries, pushing the cost of living [...]
Asia Minnow Increases GDP Through Domain Name Registration
by Stewart DouglasAsian-Pacific minnow Tokelau has increased its GDP by 10% as a result of a long term deal involving its country code top level domain (CCTLD), the suffix to domain names which are essential in setting up a website.
The tiny island, home to just 1,500, has significantly added to its economy by trading its .tk top [...]
Yuan Up To Record Value Against Dollar
by Stewart DouglasThe Chinese yuan has closed at a record high against the dollar, as continuing weakness in the US economy sees even further devaluation of its currency.
At the close yesterday, the yuan was up at 7.5596 to the dollar, its highest ever rate against the dollar. Since the Chinese authorities ended the fixed rate of [...]
Nikkei Losses After Abe Resigns
by Stewart DouglasThe Japanese Nikkei stock exchange has fallen after Prime Minister Shinzo Abe announced his resignation from office in a shock move today, which sees widespread uncertainty as to who will assume leadership.
The Nikkei experienced losses of around 0.5% over the course of trade, despite the influence of positive news from OPEC and the troubled US [...]
China Inflation Peaks Beyond Ten-Year High
by Stewart DouglasThe national Chinese rate of inflation has grown beyond its previous ten year high off the back of steadily rising meat and pork prices, according to official figures released today.
In figures released by the National Bureau of Statistics today, the Chinese consumer price inflation rate was up to 6.5% over the year to August, an [...]
Nikkei Plummets After US Fears Continue
by Stewart DouglasThe leading Japanese share index, the Nikkei 225, has suffered extensive losses through trade today with markets continuing to panic in the wake of negative trading from the US.
With employment in the US economy falling unexpectedly at the end of last week, and trading on both the Dow Jones and the NASDAQ, as well as [...]
Taiwan Enjoy Expanded Trade Surplus
by Stewart DouglasTaiwan has increased their international trade surplus over August reflecting growing exports and the ongoing development of the Taiwan economy, according to official figures released today by the government Finance department.
The trade surplus is a considerable economic indicator, linked to currency valuation and economic health in general. The surplus reflects the difference between total [...]
Nippon Oil To Pay Yen For Supply
by Stewart DouglasJapanese oil company Nippon Oil have announced today that they are to begin buying Iranian oil in Japanese Yen, rather than in dollars as present.
As of October, the Japanese firm will pay only in Yen for its oil supplied through Iran, which has adopted a policy of selling its exports in other currencies as a [...]
Taiwan Consumer Price Index Grows Beyond Expectations, Reflecting Upturn In Inflation
by Stewart DouglasThe Taiwan annual consumer price index, or CPI, grew beyond the rate of analyst predictions over August, according to official figures released today.
The figures released by the Directorate General of Budget, Accounting and Statistics showed an increase in the CPI of 1.59% over the course of August. Despite last month’s drop in CPI of [...]
China Says Reserves Are Not Invested In Sub Prime Lending
by Stewart DouglasThe Chinese government has today been quoted in local press as saying that foreign reserves are not tied up in the US troubled sub-prime sector, in a week that has seen many other major organizations detail the extent of their exposure to the sector.
Many national reserves and investment funds around the world have been hit [...]
Japan Corporate Spending Down 22%
by Stewart DouglasInvestment in capital assets across Japan’s leading companies fell over the second quarter year on year, according to figures released today, which could be suggesting an overall downward trend in the Japanese economy.
The official figures reflected an overall decline in capital investment spending from the same period last year, prompting fears of a general slowdown [...]