Wednesday, February 4, 2015
Australia's central bank on Tuesday lowered its key interest rate by 25 basis points to a new record low of 2.25 percent, saying after a year-and-a-half on hold the cut was justified to spur growth.
Thursday, January 29, 2015
A pick-up in core consumer prices in Australia has reduced the likelihood of a near-term interest rate cut, even as official statistics showed Wednesday that plunging oil prices slowed inflation in the last three months of 2014.
Saturday, January 17, 2015
Citigroup Thursday became the latest big U.S. bank to report disappointing results, with earnings plunging 86 percent on a large legal charge and disappointing operating performance in some segments.
Wednesday, January 14, 2015
Xiaomi Corp. founder Lei Jun yesterday advised Taiwanese tech firms to make a bigger play in two sectors: smartphone apps and smart home devices.
Saturday, January 3, 2015
Concerns Friday over injuries to Tim Southee and Rangana Herath disrupted preparations for New Zealand and Sri Lanka on the eve of the second Test in Wellington.
Friday, December 19, 2014
Third-party payment providers will have to fork out NT$10 billion in funds if they want to establish themselves as electronic banks, said Financial Supervisory Commission (FSC) Chairman Tseng Ming-chung (曾銘宗) yesterday.
Friday, December 12, 2014
Australia's central bank governor Friday called on the nation's politicians to tackle the "real issue" of the country's growing budget deficit, saying action was needed to retain credibility in financial markets.
Wednesday, December 10, 2014
Shopping via mobile phones is fast becoming the main option for spending money in China, with transactions from the not-so-developed western region of the country being the driving force, a report said on Monday.
Thursday, December 4, 2014
Australia's economy slowed more than expected in the third quarter as an increase in exports was weighed down by falling private investment, data showed Wednesday, in another sign of the nation's rocky transition away from mining-led growth.
Wednesday, December 3, 2014
Australia's central bank on Tuesday held interest rates at a record low 2.5 percent, signaling its intention to keep an accommodative monetary policy while saying a weaker exchange rate was needed to support growth.