South Korea's producer prices rose for two months in a row last month after ending the long-term downward trend in June, central bank data showed Tuesday.
A slump in global dairy prices could threaten the pace of New Zealand's economic recovery, as farmers at the center of the country's pillar industry strive to pay down debt on diminishing incomes, commentators warned Wednesday.
Beijing on Monday made nearly 1,880 affordable commercial apartments available to buyers, rekindling average income-earners' hopes of having a house of their own.
China's property sector continued to cool in May, as new home prices in half of a sample of 70 major cities showed month-on-month drops, the National Bureau of Statistics (NBS) said in an online statement on Wednesday.
New Zealand's terms of trade almost equaled their all-time high in the quarter ending March, rising to their highest level in more than 40 years, the government statistics agency announced Tuesday.
Rising electricity and dairy prices drove increases in both New Zealand's input and output producer prices in the March quarter, the government statistics agency announced Monday.
China's property sector showed new signs of cooling in April, with more Chinese cities reporting month-on-month drops in prices and fewer cities reporting gains, official data showed on Sunday.
Leaders of China's real estate sector expect the housing market to stabilize, with prices in big cities rising more slowly and those in smaller ones starting "adjustment."
Home prices dropped last month in more Chinese cities, more signs of a gradually cooling property sector, official data showed on Monday.
Macao's Tourist Price Index (TPI) for the fourth quarter of 2013 rose by 6.33 percent over the same period of the previous year to 142.26, according to figures released Wednesday by the city's Statistics and Census Service (DSEC).
After viewing flats for three months, Jason, the 27-year-old groom-to-be, has not yet made up mind whether to buy one as his marriage home, on speculation that the housing prices might fall next year.
Producer prices in South Korea kept a downward trend for three straight months due to lower global oil prices, central bank data showed Tuesday.
With November CPI inflation slowing more than expected and PPI inflation remaining negative, markets could breathe a sigh of relief. In the past few weeks, markets have been worried that the central bank could be forced to tame the rising CPI by tightening the credit supply, leading to rising bond yields.
Property prices in major Chinese cities, especially those with tight supply are expected to continue rising in 2014, defying local government's latest macro-control efforts.
China may raise the price of refined oil on Thursday, which would mark the seventh such increase within a year, industry analysts predicted.
Speculation is not the cause of China's hefty house prices and the introduction of a real estate tax in the future is unlikely to suppress the country's rising house prices.
Six weeks until year end and city governments in China are struggling to meet their goal of preventing house prices from rising too quickly.
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