The Hong Kong Monetary Authority raised its base rate from 0.5 percent to 0.75 percent on Thursday, following the U.S. Federal Reserve's lead overnight and raising concerns of capital outflows from the region. The Hong Kong dollar's peg ...
Tags: Hong Kong dollar, U.S.dollar, U.S.Fed
Crude futures settled Thursday at multi-year lows on a stronger US dollar and persistent concerns about oversupply. NYMEX January crude settled down 57 cents at $34.95/b, lowest front-month settle since February 2009. ICE February Brent ...
Tags: Crude, ULSD, crude stocks
The Communist Party of China (CPC) Central Committee has held a meeting to solicit opinions from non-communist persons on the country's economic work, according to a statement released on Monday. While presiding over the meeting, which ...
China's central bank projected its baseline forecast for 2016 growth at 6.8 percent on Wednesday, expecting the number of positive factors to gradually increase despite downward pressure on the economy. The rate is slightly lower than the ...
Tags: Central Bank, economy
China's annual economic growth could be between 6.6 percent and 6.8 percent next year, with employment and consumer prices remaining stable, a government think tank forecast on Wednesday. However, with growing downward pressure due to ...
Tags: economic growth, GDP
China's power use, a key barometer of economic activity, ended a two-month falling streak in November by edging up 0.6 percent from one year earlier as the economy showed signs of stabilization, according to data released Wednesday. ...
Tags: Electricity, Power, economy
China's foreign exchange reserves, the world's largest, fell by US$87.2 billion in November to US$3.44 trillion, central bank data showed yesterday, the lowest level since February 2013 and the third largest monthly drop on record. ...
Tags: Forex Reserves, foreign exchange
The gold industry is not doing enough to combat debt and rising losses and not investing enough in exploration, Randgold CEO Mark Bristow said Tuesday. "A number of major companies in the industry today are simply not viable," Bristow ...
Tags: gold industry, Mines
The 2016 semiconducor market will be all about demand, according to Tien Wu, COO for IC backend house Advanced Semiconductor Engineering (ASE). Macroeconomic factors such as US interest rates, Europe's economies and quantitative easing in ...
Despite the recent stock market crashes around the world on the heels of China devaluing the yuan, Reserve Bank of India Governor Raghuram Rajan has said he doesn't believe that there's a financial crisis looming. "Based on what I've seen ...
Apart from monetary easing moves, there is room for China to achieve faster and more balanced growth by cutting the private sector's tax burden, a major Chinese investment firm said Monday. China's central bank has cut benchmark interest ...
Tags: monetary easing, tax
Spurred by the summer weather and fixed interest rates, the group is hopeful consumer confidence will 'ride high into August'. Total UK retail sales have seen a 2.2 per cent lift on a like for like basis from July 2014, as improved ...
China's central bank cut both the requirement reserve ratio (RRR), the amount of reserves banks required to hold, and benchmark interest rates on Saturday. The credit-easing move, to be effective on Sunday, aims to "support the real ...
Tags: Reserve Ratio, Interest Rates
Despite an Australian economy growing at a moderate 2.3 per cent according to March quarter figures released by the ABS this month, the latest data on trade payments reveals that businesses are paying their invoices at the fastest rate on ...
Tags: Australian economy, payment times
For the first time, India is leading the growth chart of major economies, even ahead of China, according to the World Bank Group’s latest Global Economic Prospects (GEP) report. In India, new reforms are improving business and ...
Tags: World Bank's Growth, Economies