Thursday, December 29, 2011
The U.S. Treasury again shied away from labeling China a currency manipulator on Tuesday, but it rapped the country for not moving quickly enough on exchange rate reforms.
Tuesday, December 27, 2011
Chinese and Japanese leaders have unveiled initiatives to tighten financial links between East Asia's economic giants and sometime rivals — measures that could expand use of China's tightly controlled currency abroad.
Saturday, December 24, 2011
Global ratings agency Fitch on Friday cut its 2012 growth outlook for Asia to 6.8 percent from 7.4 percent previously, citing the weak global economy.
Wednesday, December 14, 2011
A buying group of 233 Chinese businesses is scheduled to visit Taiwan Wednesday for talks with domestic suppliers, according to the Taiwan External Trade Development Council (TAITRA).
Impacted by the slump in electronic demand, the Philippines suffered from the sixth consecutive drop in export revenue in October year-on-year with a decline of 14.6 percent to US$4.088 billion, according to figures released by the Philippines' National Statistics Office.
Wednesday, December 7, 2011
Economic growth in East Asia will continue to wane in 2012 as sovereign debt problems in Europe and an anemic U.S. economy raise the risk of a deep global downturn, the Asian Development Bank (ADB) said Tuesday.
Expatriates in Japan have the highest living expenses compared to their counterparts working elsewhere in Asia, due largely to the Japanese currency's recent sharp rise, a global survey said Tuesday.
Tuesday, December 6, 2011
The Asian Development Bank on Tuesday trimmed its 2012 growth forecast for emerging East Asian economies including China, as the eurozone turmoil threatens to drag the global economy back into crisis.
Thursday, December 1, 2011
Asia's projected growth rate of 7.5 percent next year could be jeopardised as the eurozone crisis threatens its export-driven economies, the Asian Development Bank chief said.
Wednesday, November 30, 2011
Growth in Southeast Asia's six major economies is expected to slow through 2016, the OECD said Tuesday, urging them to find new growth drivers as the key U.S. and European export markets a stuck in crisis.