Economics

Oil Rises a Second Day as China Economy Boosts Demand OutlookOil Rises a Second Day as China Economy Boosts Demand Outlook

2012-04-02 13:55:09

Oil advanced for a second day in New York on signs that the economy is improving in China, the world’s second-biggest consumer of crude.

Yen Drops Versus Peers as Tankan Fuels Easing Speculation

2012-04-02 09:13:03

The yen weakened versus all of its major peers after a Bank of Japan (8301) report showed that sentiment failed to improve at the nation’s largest companies, stoking prospects the central bank will boost monetary stimulus.

DBS to Buy Temasek Stake in Bank Danamon for $4.9 Billion

2012-04-02 09:11:48

DBS Group Holdings Ltd. (DBS), Southeast Asia’s biggest bank, will buy control of PT Bank Danamon Indonesia (BDMN) for about $4.9 billion to tap a market growing at the fastest pace since before the Asian financial crisis.

Japan Consumer Prices Unexpectedly Rise 0.1% on Year Earlier

2012-03-30 08:44:51

Japan’s consumer prices unexpectedly rose in February, a gain that may not be enough to ease pressure on the central bank for bolder action to end deflation.

Japan Production Decline Undercuts Signs of Recovery: Economy

2012-03-30 08:42:00

Japan’s industrial production unexpectedly dropped in February, undercutting signs of an economic rebound in the first quarter as policy makers assess whether to apply further stimulus.

Myanmar Float Helps Exporters Buying Kyat in Black Market

2012-03-30 07:50:47

Myanmar’s move to a managed float of the kyat may weaken the grip of the black market, where appreciation has been hurting exporters.

S.Korea Output Growth Slows, Economy Expands Less Than Estimated

2012-03-30 07:50:05

South Korea’s industrial production rose at a slower pace in February and its economy expanded less than the central bank initially estimated in the fourth quarter.

Myanmar Economy Poised to Take Flight as Voters Head to Polls

2012-03-30 07:49:20

Myanmar next week holds the most inclusive elections since the military rejected an opposition victory in 1990, as the potential for economic ties with western nations encourages the leadership to relax control.

Unemployment Claims in U.S. Fall to Four-Year Low: Economy

2012-03-30 07:47:58

Claims for unemployment benefits fell to the lowest since April 2008 and consumer confidence reached the second-highest level in four years, indicating the labor-market recovery is helping sustain demand.

Orders for Durable Goods in U.S. Show Sustained Demand: Economy

2012-03-29 08:33:13

Orders placed with U.S. factories for durable goods rose in February for a fourth month in the last five, signaling manufacturing will remain a source of strength for the expansion.

South Korea Returns to Current-Account Surplus in February

2012-03-29 08:32:12

South Korea returned to a current- account surplus in February as exports rose amid signs of an improving U.S. economy and as the euro zone debt crisis eased.

Geithner Says Fannie, Freddie Should Cut Some Principal

2012-03-29 08:31:24

U.S. Treasury Secretary Timothy F. Geithner told a U.S. Senate panel that he believes Fannie Mae and Freddie Mac should reduce principal on some home mortgages.

Japan Retail Sales Beat Forecasts as Consumer Confidence Returns

2012-03-29 08:30:24

Japan’s retail sales rose more than economists forecast in February, indicating that consumer confidence is returning as reconstruction demand boosts the world’s third-biggest economy.

Economic Outlook

2012-03-27 09:24:26

London 26/03/2012 - Traders will focus on Europe this week - a series of economic surveys and data will be scrutinised for signs of improvement in the economic environment.

Kim Breaks Mold of World Bank Leaders From Finance, Bureaucracy

2012-03-26 09:44:17

Jim Yong Kim, the physician and Dartmouth College president tapped by the U.S. to run the World Bank, represents a break from the financiers and bureaucrats who have run the lender.

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