text

Trump's victory challenges Fed policy, independence

Donald Trump's surprise victory in the US presidential race raises new questions over Federal Reserve policy in the short run and the central bank's vital operational independence over the longer term.

text

India overtakes China in direct investment by US

The data released by US Treasury shows India makes up 1.8% of US foreign equity holdings as on December 2015 as against 1.6% of China.

text

China banks' 2015 new yuan lending hits new high

China's new yuan-denominated lending in 2015 hit 11.72 trillion yuan (1.79 trillion U.S. dollars), up 1.81 trillion yuan from one year earlier, latest data showed on Friday.

text

Samsung Electronics warns of tough 2016 amid fourth-qaurter outlook concerns

South Korean tech giant Samsung Electronics Co Ltd said it expects a difficult business environment in 2016 due to weak global economic conditions and heightened competition in key businesses including memory chips and smartphones.

text

Japan designates 382 top secrets by 2014 under new law

​The Japanese government designated 382 cases as top secrets subject to protection under the new secrecy law as of the end of December, local media reported Friday.

text

U.S. stocks rally midday, Dow up 300 points to turn positive for 2015

U.S. stocks rally midday, Dow up 300 points to turn positive for 2015

text

U.S. stocks surge on upbeat jobs data

​U.S. stocks jumped after positive employment data on Wednesday, as major stock indices rebounded strongly from sharp selloffs on concerns about diving oil prices.

text

Australian service industry weakens in Dec.: report

​After two months of very weak performance, conditions in the services industries deteriorated at a slower pace in December, a new report revealed on Wednesday.

text

Dairy exports drive 40-year high in New Zealand's terms of trade

New Zealand's terms of trade in goods in the December 2013 quarter were at a four-decade high for the second quarter running, thanks to the continuing boom in dairy exports, the government statistics agency said Monday.

text

Philippine gov't calls for curb in inflation rate rise

Philippine Presidential Palace ordered Tuesday all concerned agencies to make sure that inflation rate would not keep rising after posting 4.1 percent in December last year, the highest in two years.

text

China's growth softens slightly at year-end

China's latest economic figures, especially the purchasing managers' index (PMI) in both factory activity and the services sector, indicated sagging momentum in December, with the country's growth softening slightly last quarter, economists said.

text

Singapore CPI inflation moderates to 3.6 pct in January

Singapore's consumer price inflation (CPI) in January moderated to 3.6 percent, compared with 4.3 percent for last December, the Monetary Authority of Singapore (MAS) and the Ministry of Trade and Industry jointly announced on Monday.

text

U.S. unemployment rate rises to 7.9 percent in January

The U.S. unemployment rate rose to 7.9 percent in January from 7.8 percent in December 2012, the U.S. Labor Department said Friday.

text

PMI unchanged in December

The official data adds to signs that the world's second largest economy is emerging from a recent slumber.The Purchasing Managers' Index (PMI) reached 50.6 in December, unchanged from the previous month.