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.
Australian economists have predicted that the central bank is likely to keep the cash rate on hold in December and the chances of rate cuts in the coming year are slim as the nation's economy strengthens, local media reported on Friday.
The reform package sanctioned recently by the Communist Party of China will stimulate the economy and help the country sustain annual growth of around 8 percent.
New Zealand needs policies to address private sector savings and to raise economic flexibility in order to address it overvalued currency, a senior Reserve Bank of New Zealand official said Friday.
Australia's Consumer Price Index ( CPI) rose 1.2 percent in the September quarter, compared with a rise of 0.4 percent in the June quarter, the Australian Bureau of Statistics (ABS) reported Wednesday.
Despite media reports about an interbank liquidity shortage, China's central bank on Wednesday said liquidity in the money market is adequate.
The HSBC China Composite PMI data, which covers both manufacturing and service sectors in the country, signaled a further expansion of output in September, and the rate of expansion remained modest, with the index posting at 51.2 in September, easing from 51.8 in August, HSBC said in an emailed press release here on Tuesday.
Australia's seasonally adjusted unemployment rate increased 0.1 percentage points to 5.8 percent in August, as announced by the Australian Bureau of Statistics ( ABS) Thursday.
Friday' s jobs numbers continued to paint a bleak picture of the ongoing U.S. jobs crisis, and experts said at current rates the country will have to wait years to return to pre-recession levels of unemployment.
Birth rate in South Korea continued to fall amid the trend of delaying marriage and postponing having children, a government report showed Tuesday.
U.S. Federal Reserve said Wednesday it will continue the current monetary stimulus moves to bolster the slow economic growth and job creation, as the latest data showed that U.S. economy grew at a sub-par 1.7 percent in the second quarter.
Eight years after China began exchange rate reform, the Chinese currency Renminbi (RMB), or the yuan, has advanced 34 percent against the U.S. dollar.
The unemployment rate in Australia climbed 0.1 point from 5.6 percent to 5.7 percent in June, the highest level since September 2009, the national news agency Australian Associated Press (AAP) reported on Thursday.
China's central bank took a sharp turn Tuesday evening, when it promised to inject money into a temporary liquidity shortage after rejecting banks' pleas for cash over the past two weeks.
The excess global liquidity and subsequent capital arbitrage in the Chinese market have pushed up the yuan to new highs in recent tradings, analysts said.
Gold futures on the COMEX division of the New York Mercantile Exchange ended higher on Thursday to recoup much of the previous session's losses, after the European Central Bank announced rate cuts and the U.S. Federal Reserve made no changes to its asset purchase program.
A year after China widened the daily trading limit of its currency, the yuan, experts are arguing whether it is time to further enlarge the band to make the exchange rate more market oriented.
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