Farmers in New Zealand's pillar dairy sector were reeling from a double-whammy Wednesday with dairy prices continuing to fall and expectations that a long-term drought is set to run on.
The prices of crude oil are most likely to stay at relatively low levels in the near future as there are no signs of major producers taking actions to ease a severe oil glut yet. Nevertheless, some energy officials and analysts said that they expect the oil glut to gradually rebalance itself into 2016, though the high oil prices seen in the past may not be recovered soon.
The Bank of Korea (BOK), South Korea' s central bank, on Wednesday decided to lower its inflation target by one percentage point to 2 percent for the next three years, raising worry about a sharp decline in inflation target that may lead to troubles in achieving the goal amid volatile oil prices.
Prices for imported products in South Korea declined for five straight months due to lower crude oil prices, central bank data showed Friday.
Japan's wholesale price declined in November for the eighth successive month, with prices for both exports and imports logging losses, the Bank of Japan said on Thursday.
Although China's consumer inflation picked up in November, flagging producer prices still put high deflationary pressure on the economy, new data showed Wednesday.
The bank of Japan (BOJ) on Thursday decided to keep its current monetary policy, clinging to the judgment that the economy is "recovering moderately" despite recent data showing Japan has slipped into recession.
New Zealand's financial stability is facing growing risks from the global downturn in dairy prices and soaring house prices in the biggest city of Auckland, the central bank warned on Wednesday.
South Korea's headline inflation stayed at a zero percent for 11 straight months though the inflation advanced in October from the previous month, a government report showed Tuesday.
"For Chile, China is a very important market as it absorbs between 47 and 50 percent of Chile's copper production," Chilean Minister of Mining Aurora Williams told Xinhua in a recent interview.
Consumer prices in China hit the highest level this year while deflation risks in industrial production loomed larger, signaling a need for continued easing policies.
China's producer prices continued to fall in August, pointing to looming deflation risk, data from the National Bureau of Statistics (NBS) showed Thursday.
China's housing market continued recovering from a prolonged downturn in July, with new home prices dropping in fewer cities for a fifth month amid better market confidence and lower interest rates.
China's housing market continued recovering from a prolonged downturn in July, with new home prices dropping in fewer cities for a fifth month amid better market confidence and lower interest rates.
Hot pork prices are stirring up gripes around China's dinner tables as well as concerns that the trend, if it continues, may derail the country's easing monetary policy stance.
China's central bank said Tuesday it will maintain prudent monetary policy in the second half of this year despite inflation concerns triggered by recent rise in the price of pork, the nation's staple meat.
New Zealand's central bank changed its official cash rate (OCR) for the first time in almost a year Thursday, cutting 25 basis points off to leave it at 3.25 percent.
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