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Wednesday, November 19, 2014
Indonesia's Widodo seeks to fix economy with fuel price hike
Indonesian President Joko Widodo unveiled a hefty increase in the price of subsidized fuel Monday, taking a risky, unpopular first step toward fixing the tattered finances of Southeast Asia's top economy.
Tuesday, November 18, 2014
Japan's economy sank into recession in the third quarter, figures showed Monday, making it almost inevitable that Prime Minister Shinzo Abe will delay a fresh sales tax rise and call a snap election to fend off party rivals.
U.S. brokerage Morgan Stanley slightly reduced its estimates for fourth-quarter global notebook computer shipments Monday, reflecting a cautious view from top contract makers in a traditional low season for consumer electronics.
Japan's Toray Industries said Monday it has agreed to supply carbon fiber materials for Boeing's new 777X jet and the Dreamliner in a 10-year deal worth more than one trillion yen (US$8.6 billion).
New Housing Board flats have become more affordable relative to applicants' household incomes, compared with last year.
Authorities may need powers to regulate the fixed pay of bankers as well as their bonuses, the Bank of England governor said Monday amid concern the current pay regime does not deter misbehavior.
Thailand's economy grew at a lackluster 0.6 percent in the third quarter, prompting authorities to again clip the full year growth forecast, in a blow to a junta which has vowed to kick-start the economy following their coup.
Monday, November 17, 2014
Japan economy enters recession after surprise Q3 contraction
Japan's economy sank into recession in the third quarter, making it almost inevitable that Prime Minister Shinzo Abe will delay a fresh sales tax hike and call snap elections to reinvigorate his power against party rivals, analysts said Monday.
Taiwan plans to open links with several major equity markets to offset a potential threat from a stock link mechanism between Shanghai and Hong Kong that is set to open on Monday.
A set of economic data due in Japan on Monday look likely to determine the fate of “Abenomics,” with anticipation a poor showing from third quarter GDP figures will prompt a general election.
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