South Korea's import prices fell for two straight months due to strong local currency and lower commodity prices, including crude oil, central bank data showed on Tuesday.
The Brazilian government will do everything it can to prevent abusive prices in plane tickets for the FIFA World Cup, which will take place in June-July 2014 in 12 Brazilian cities, an official said Thursday.
Hikes in Chinese urban house prices are again touching a nerve among the public as the faster-than-expected price growth heightens expectations for new control measures, the China Securities Journal reported on Wednesday.
China's Ministry of Commerce (MOC) on Tuesday told baby formula importers to be accurate when recording sales data and for there to be no monopoly in the industry, which has been plagued by quality and price-manipulation scandals.
Driven by rapid urbanization and speculation, China's property market has taken off in recent years, especially after the economic stimulus policies the government issued in 2009 to help weather the global financial crisis.
Insiders and experts have called for more government efforts to cool the property market and keep the overall housing prices in check as recent months saw a drastic surge in the land prices and a home price rebounce in major cities.
China is expected to unveil a plan for a long-term mechanism to nurture the healthy development of the real estate market in the next three months, a senior industry official said Wednesday.
A credit crisis in Shenmu, a bustling northwest China county that built its riches on coal, has stoked concerns regarding how quickly the country can complete its economic transition.
South Korean economy grew at a modest pace despite lingering downside risks such as uncertainties over the U.S. quantitative easing, a government report showed Tuesday.
South Korea's consumer prices rose at a faster pace in July due to higher prices of farm goods and oil products, a government report showed Thursday.
As investigation into GlaxoSmithKline (GSK) China deepens, expectations are rising that drug prices can be further lowered.
Prices of both new and existing homes continued to rise in most Chinese cities in June, according to official data released on Thursday.
China will lower the per-tonne retail prices of gasoline and diesel by 95 yuan (15.32 U.S. dollars) and 90 yuan, respectively, starting from Friday, the country's top economic planner said Thursday.
South Korea's consumer price inflation fell last month to the lowest in around 14 years due to a fall in farm goods and oil product prices.
As China's real estate prices continue to rise despite the central government's repeated housing curbs, experts have suggested the cure is to be found in market-oriented measures.
The second-hand home sales in Hong Kong are picking up slightly recently after an unusually sluggish transaction volume in March, with property owners axing prices to entice home buyers.
China's top economic planner announced Wednesday it will lower fuel prices due to declines in global oil prices, a move that will help control inflation levels in the world's second-largest economy.
简体中文
