||Last Updated: Oct 9, 2015 - 12:32 AM
China's markets remain closed for the lunar New Year holidays but markets across Asia in common with emerging markets elsewhere, are continuing on a downward slope that began last Thursday when a monthly survey showed that Chinese manufacturing had contracted in January. Meanwhile, US manufacturing data for January also put the frighteners on US investors.
Feb 4, 2014 - 7:20 AM
Manufacturing expanded in India in January but growth was weak as were expansions in South Korea and Indonesia, according to data released today.
Feb 3, 2014 - 7:31 AM
Japan's consumer prices rose 0.4% in 2013 from a year earlier for the first increase in 5 years, due mainly to a rise in energy prices, the government said Friday, signalling that the aggressive monetary policies of the Bank of Japan to beat prolonged deflation, are providing some evidence of positive results. There was also positive news on jobs and industrial production.
Jan 31, 2014 - 6:53 AM
The Chinese manufacturing sector contracted in January as companies cut jobs and credit-market stresses hit confidence in the world’s second-biggest economy.
Jan 30, 2014 - 7:03 AM
The Chinese New Year or Spring Festival as it is more commonly known as on the mainland, is the most important of the traditional Chinese holidays. It is also termed the Lunar New Year and on Friday, January 31, the Year of the Wood Horse begins. In the old days, people liked to call an able person 'Qianli Ma,' a horse that covers a thousand li a day (one li is about 500 metres). From our base in Malaysia where Chinese account for about 30% of the population, Finfacts will have restricted coverage on Wednesday and Thursday this week.
Jan 29, 2014 - 8:50 AM
A former official of China's central bank says China should welcome a recession to work through distortions that have built up over three decades of rapid growth.
Jan 28, 2014 - 8:13 AM
China's manufacturing sector contracted in January, a preliminary survey of activity published today, has indicated.
Jan 23, 2014 - 6:48 AM
Jan 21, 2014 - 7:05 AM
News that Switzerland’s central bank recently opened talks with its Chinese counterpart to swap currencies has raised Swiss hopes of attaining a renminbi hub status. But Switzerland is playing catch-up with rivals that share the same ambition. As global renminbi (RMB) transactions gather pace, a tantalising vision has emerged of a new international reserve currency competing with the dollar, euro and British pound. Financial centres are jostling to enjoy the prestige and profits of becoming RMB conduits.
China's economy grew 7.7% year on year in 2013, the same as 2012 while beating the government's target of 7.5%, according to the National Bureau of Statistics (NBS) on Monday.
Jan 20, 2014 - 6:13 AM
Industrial output fell in Japan in November, following two months of gains as manufacturers cut inventories, revised data today from the ministry of economy, trade and industry show.
Jan 20, 2014 - 1:09 AM
Dr Peter Morici: Inequality is replacing the American dream, because the US economy—thanks to Washington’s mismanagement—is underperforming.
Jan 17, 2014 - 7:29 AM
China's exports rose 7.9% year on year to US$2.21tn in 2013, while imports increased 7.3% to $1.95tn, customs data revealed on Friday. So last year the country's total foreign trade value surpassed $4tn for the first time to reach 4.16tn, an increase of 7.6% year on year -- marking a milestone in overtaking the United States as the world's top goods-trading nation.
Jan 10, 2014 - 7:46 AM
China's services sector slowed in December while services in India contracted at the end of 2013, according to reports issued Monday.
Jan 6, 2014 - 5:29 AM
Two monthly purchasing managers' index (PMI) surveys show that China's manufacturing slowed in December as the serious attention is turning to overcapacity in several sectors that has been boosted by aggressive local government subsidies.
Jan 2, 2014 - 6:09 AM
The Nikkei 225 rose for a ninth consecutive session Monday to close 0.7% higher on its final trading day of the year, bringing its full-year rise to 57%, the highest since 1972. Meanwhile, manufacturing sector output in December rose at the sharpest rate since 2006.
Dec 30, 2013 - 10:46 AM
Joe Hockey, Australia's federal treasurer, today published the Mid-Year Economic and Fiscal Outlook report - - a snapshot of the economy at the half-way point of the financial year - - and it revealed a revenue shortfall of A$16.8bn for the year contributing to a deficit in June 2014 that is expected to reach $47bn or 3% of GDP.
Dec 17, 2013 - 8:11 AM
China's manufacturing activity slowed to a three-month low in December, a survey from HSBC showed Monday.
Dec 16, 2013 - 8:09 AM
China's service providers signalled an expansion of business activity in November. Although the rate of growth was slightly weaker than October’s moderate pace, the rate of expansion was one of the strongest recorded in 2013 so far. This was signalled by the HSBC China Services Business Activity Index posting at 52.5 in November, down fractionally from 52.6 in October.
Dec 4, 2013 - 8:01 AM
China's manufacturing growth improved slightly in November. The official Purchasing Managers’ Index was 51.4, the National Bureau of Statistics and China Federation of Logistics and Purchasing said yesterday, This survey focuses on big state-owned firms while today, the HSBC Purchasing Managers’ Index (PMI) survey showed a further improvement of operating conditions in China’s manufacturing sector, albeit marginal. Output and new order growth both increased at their strongest rates in eight months in November, but renewed job shedding led to a solid increase in outstanding business. Elsewhere in the region, there were marginal rises in India, Korea, Indonesia, while growth was strong in Taiwan.
Dec 2, 2013 - 6:00 AM
In a boost to the anti-deflation policy of Shinzo Abe, prime minister, and the Bank of Japan, the core Japanese consumer price index inflation, which excludes fresh food but includes energy, rose at an annual 0.9% rate in October, up from 0.7% the previous month. Excluding both fresh food and energy, the inflation rate was 0.3%, the highest level since 1998 - - 15 years ago. Meanwhile, business conditions improved sharply at Japanese manufacturers in November, led by strong demand in both domestic and foreign markets. Output grew at the fastest pace in 50 months, whilst new orders rose at the sharpest rate since February 2006. New business from abroad expanded at a similarly sharp pace, aided by both a weak yen and growth recovery in foreign markets. Meanwhile, reflective of strong output and new order growth, employment expanded at a sharper rate.
Nov 29, 2013 - 7:49 AM
The share of Japanese households with no financial assets are at the highest since at least 1963, despite the policy of Abenomics, that was launched earlier this year by Shinzo Abe, Japan's new prime minister, with a 3-arrow targeting: a massive fiscal stimulus, more aggressive monetary easing from the Bank of Japan, and structural reforms to boost Japan's competitiveness.
Nov 25, 2013 - 9:08 AM
China's manufacturing sector slowed for the first time in four months in November, impacted by sluggish new export orders, and suggesting the third-quarter rebound in the world's second-largest economy may be losing steam just as the country is starting to implement the broadest policy reforms since the 1990s.
Nov 21, 2013 - 6:46 AM
Japan's economy slowed to an annualised real growth of 1.9% in the July-September period, following a 3.8% expansion the previous quarter, the government said Thursday, raising concern that the effectiveness of the "Abenomics" policy mix of massive monetary expansion, named after the prime minister, is waning, according to Kyodo News. The halving of the growth rate between the second and the third quarters, resulted from weaker consumption and exports, offset big rises in public works spending and property investment.
Nov 14, 2013 - 6:33 AM
Chinese exports reversed their decline in September and rose 5.6% year on year in October to 1.14tn yuan (US$185.4bn), customs data showed on Friday. The monthly trade surplus doubled.
Nov 8, 2013 - 9:10 AM
Manufacturing PMI (purchasing managers' data) published today for India, South Korea, Indonesia and Taiwan, shows rises in all countries.
Nov 1, 2013 - 6:53 AM
China’s manufacturing expanded at the fastest pace in 18 months in October according to the official PMI (purchasing manager’s index) data that is seen as reflecting the performance of large firms, in particular state-owned enterprises.
Nov 1, 2013 - 6:44 AM
October PMI (purchasing managers' index) data indicated a further strong performance of the Japanese manufacturing sector. Output increased at the fastest pace for 46 months, whilst new order growth hit a four-year high. Meanwhile, official data showed today that Japan's industrial output rose 1.5% in September from the previous month. Meanwhile, the Bank of Japan said Thursday it expects the country's inflation rate to reach 1.9% in fiscal 2015, almost achieving its target of 2% price inflation in about two years, buoyed by its drastic monetary easing steps adopted in April this year.
Oct 31, 2013 - 8:20 AM
China's manufacturing activity rose to 7-month high in October boosted by a mini-stimulus program that includes faster spending on urban transport, tax breaks for business.
Oct 24, 2013 - 7:34 AM
China’s economy expanded 7.8% in the third quarter from the same period a year earlier, up from second quarter growth of 7.5%. On a quarter-to-quarter basis, growth rose by 2.2%, suggesting an annualised rate of growth of 9.1%.
Oct 18, 2013 - 8:40 AM
China’s exports unexpectedly fell in September from year earlier, pointing to fragile global demand and questions about the recording of Hong Kong trade. Meanwhile, China's consumer price index (CPI) rose 3.1% year
on year in September, up from 2.6% in August, the National Bureau of Statistics
(NBS) said on Monday.
Oct 14, 2013 - 2:10 AM
Indian and South Korean manufacturing contracted in September but conditions improved in South Korea according to PMI data issued today.
Oct 1, 2013 - 6:29 AM
Principal news stories from the Irish Independent, Irish Times and Irish Examiner.
Sep 30, 2013 - 8:19 AM
Business conditions continued to improve at a solid pace in the Japanese manufacturing sector in September, according to PMI data issued Monday. It showed the fastest rise since February 2011, a month before a devastating earthquake. New orders rose at the fastest rate in over three years, output growth strengthened and backlogs grew at the fastest pace since April 2006. On Friday the government said Japan’s inflation accelerated to the fastest pace since 2008 in August on higher energy costs, underscoring pressure on Shinzo Abe, prime minister, to end 15 years of deflation. On Monday, official data showed that Japan’s industrial output posted a modest decline in August from a month earlier as firms eased up on production and consumers slowed their spending on big-ticket items such as cars and refrigerators.
Sep 30, 2013 - 5:05 AM
China's economy signalled strength in September as an flash index of manufacturing activity rose to a-six month high. The preliminary HSBC China Manufacturing Purchasing Managers Index rose to 51.2 in September compared with a final reading of 50.1 in August, HSBC Holdings PLC said on Monday. A reading above 50 indicates expansion and one below 50 indicates contraction.
Sep 23, 2013 - 8:37 AM
Although growth outlook is mixed across Emerging Asia, the latest Asian Business Cycle Indicators (ABCIs), issued Monday, suggest signs of growth stabilisation for China and a more positive outlook for the Philippines and Singapore, while still weak growth prospects for India.
Sep 9, 2013 - 2:46 PM
China's exports rose in August while inflation remained subdued, according to reports issued on Sunday and Monday in Beijing.
Sep 9, 2013 - 7:25 AM
China's manufacturing rose slightly in August according to tw0 PMI (purchasing managers' index data) surveys. Meanwhile output fell in India, South Korea and Indonesia.
Sep 2, 2013 - 8:49 AM
Japan's industrial production, manufacturing PMI (purchasing managers' index) and consumer prices have risen while jobless numbers have fallen, according to data issued Friday.
Aug 30, 2013 - 8:31 AM
India's rupee crisis has muted its obsession with overtaking China and with growth halving in recent years, international focus has been drawn to the development challenges in Asia's third biggest economy.
Aug 23, 2013 - 8:10 AM
China's manufacturing sector showed signs of stabilising in August as a key measure of factory activity expanded, easing fears about the world's second largest economy.
Aug 22, 2013 - 7:37 AM