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September, 28, 2016

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  ASIAN MARKETS    Australia    China    
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Business > Asia
New Zealand economy's maintained strong growth in the April-June quarter as record-low interest rates fuelled a construction boom, official data released Thursday showed.
 
As the U.S. economy enters its eighth year of its recovery from the Great Recession, one major factor is slowing its growth: government gridlock.
 
China's rice, wheat and corn subsidies are in line with WTO rules, Beijing's commerce ministry said after Washington launched legal action against what it says are "unfair" trade incentives worth US$100 billion.
 
China vows to cut aluminum output, but producers plan growth
China's leaders are promising to rein in aluminum production that is flooding global markets and threatening jobs in the United States and Europe, but its producers have ambitious plans to expand.
 
The yen retreated in Asian trade following a report that the Bank of Japan is considering cutting borrowing costs further into negative territory when it meets next week.
 
China's industrial output and retail sales growth accelerated in August, government statistics showed Tuesday, with both of them exceeding expectations in encouraging signs for the world's second-largest economy.
 
Moody's warns on Hong Kong rating after polls
Hong Kong's credit rating could be at risk after the success of a new generation of young anti-China politicians in legislative elections this month, Moody's warned.
 
The U.S. dollar fell against the New Taiwan dollar Tuesday, shedding NT$0.010 to close at NT$31.706 as concerns eased over an interest rate hike by the U.S. Federal Reserve, prompting traders to lower their U.S. currency holdings, dealers said.
 
China's porters struggle amid industry change
When Li Ming left the Chinese countryside and moved to the city to look for work more than 30 years ago, grueling manual jobs were plentiful.
 
In India, the world's fastest-growing economy where millions still live in poverty, the remuneration of chief executive officers (CEOs) in top companies is going up. In fact, they are likely to be earning double of what they were paid just two years ago.
 
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