China's property sector has shown signs of cooling after the authorities issued a spate of measures to contain sky-high prices, an official survey showed Friday, citing fresh data for the second half of October.
The Food Price Index climbed 2.9 percent in September from August, mainly driven by a surge in dairy products prices, according to data released by the United Nations Food and Agriculture Organization (FAO) on Thursday.
China's local governments are introducing new policies to rein in soaring housing prices by preventing property speculation.
Algeria and several OPEC members express hopes that an informal meeting of the cartel here could pave the way for OPEC and non-OPEC members to freeze oil outputs, but oil prices won't recover immediately according to an expert.
City forced to find novel way to auction off plots as developers engage in bidding war
A surge in housing mortgage loans and an undersupply of construction land contributed to a sweeping increase in home prices across China.
More cities in China are expected to introduce restrictive measures to dampen speculative buying and curb soaring property prices, according to analysts.
China's crude oil output fell 9.9 percent year on year in August, the biggest monthly drop since 2003 as refineries slashed production amid sluggish global oil prices.
Shanghai authorities are planning to discuss measures to cool property prices, including introducing stricter policies on financing for both home buyers and developers, Bloomberg News reported on Thursday.
Japan's core consumer prices declined for a fifth straight month in July, the biggest fall in three years, according to government figures on Friday, adding more pressure on the central bank to ease its monetary policy and boost its reflationary efforts.
Asian markets mostly rose on Tuesday (Aug 9) as fresh Chinese data provided signs of improving conditions for the world's second largest economy.
Property prices in China's upper-tier cities continued to surge while the overall growth momentum has decelerated, according to statistics released Monday.
World Bank on Tuesday raised its forecast for crude oil prices in view of the supply disruptions and strong demand in the second quarter.
Buyers will pay between HK$1.49 million and HK$3.27 million for homes in Sha Tin and Tin Shui Wai, but housing expert says prices could come down
Moderate price data released Sunday may prompt policy makers to use mild policy stimulus to achieve growth target, economists predicted.
Chinese people are likely to be on gold investment fever again as international gold prices have rebounded. The country has consumed 318.28 tons of gold in the first quarter.
Macao's composite consumer prices index (CPI), a main gauge of inflation increased 2.64 percent in the year to May 2016, down from 3.02 percent in April, marking the slowest annual pace since August 2010, official figure from the statistics agency showed on Tuesday.
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