China central bank switches to liquidity injection Thursday, 23 May 2013 16:01
Beijing: The People's Bank of China (PBOC), the country's central bank, swung back to liquidity injection this week with 128 billion yuan ($20.9 billion) being pumped into the banking system through its regular open market operations.The PBOC move marked a…
`Ageing Asia to strain world's long-term economic growth' Thursday, 23 May 2013 15:43
Vancouver: The Asia-Pacific region will continue to power global economic growth in 2013, but the region's increasing ageing population will cast a shadow on the long-term development, according to a Canadian think-tank."Productivity gains and a large, young working-age population have…
Singapore's exports continue to fall Thursday, 23 May 2013 15:42
Singapore: Singapore's external trade continued to fall in the first quarter of this year, with declines for total trade, non-oil domestic exports (NODX) and non-oil re-exports (NORX), the city-state's trade promotion agency, International Enterprise Singapore, said Thursday.This is the third…
Retail sales in South Korea fall Thursday, 23 May 2013 15:41
Seoul: Retail sales in South Korea decreased last month as domestic demand remained in the doldrums amid the sluggish economic recovery, a government report showed Thursday.Total sales at three major discount outlets, including E-Mart, Lotte Mart and Homeplus, declined 9.8…
GM recalls nearly 20,000 new Cadillac SRX SUVs Thursday, 23 May 2013 15:40
Washington: General Motors Corporation said it is recalling nearly 20,000 new Cadillac SRX SUVs for faulty wheel lug nuts, according to a Detroit News report.The Detroit automaker told the National Highway Traffic Safety Administration it is recalling 18,871 2013 SRX…
China's manufacturing slows: HSBC Thursday, 23 May 2013 15:40
Beijing: China's manufacturing activity fell into contraction for the first time since October, a preliminary survey from the HSBC showed.The HSBC Flash Manufacturing Purchasing Managers' Index (PMI) for May fell to 49.6 in May, dropping under the boom-bust line of…
Peru, Canada leaders agree to boost economic ties Thursday, 23 May 2013 13:24
Lima: Peruvian President Ollanta Humala and visiting Canadian Prime Minister Stephen Harper have agreed to strengthen bilateral economic relations.Speaking to the media, Humala Wednesday said his meeting with Harper was "varied, rich and positive", and that they agreed to strengthen…
Home sales fall in Spain Thursday, 23 May 2013 12:02
Madrid: The 54,512 home sales recorded in Spain in this year's first quarter represent a decline of 21.5 percent from the same period in 2012, the development ministry said.Foreigners were the buyers in 17 percent of the transactions.The decline in…
Japanese economy has begun to recover: central bank Thursday, 23 May 2013 11:33
Tokyo: Japan's central bank said Wednesday that it will continue pursuing its current stimulus program and that the country's economy "has begun to recover" thanks to a reversal in the decline of exports, which account for 40 percent of Japanese…
245 South Koreans have paper companies Wednesday, 22 May 2013 12:34
Seoul: A total of 245 South Koreans were confirmed to have established paper companies in safe havens in a bid to avoid tax payment, an independent South Korean media said Wednesday.The Newstapa announced that it found 245 South Koreans set…
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