The central parity rate of the Chinese currency renminbi, or the yuan, weakened 29 basis points to 6.5302 against the U.S. dollar on Wednesday, according to the China Foreign Exchange Trading System.
Following a string of scandals connected to Japanese Prime Minister Shinzo Abe's ministers and lawmakers, the nationwide support rate for the leader's cabinet tumbled 7 percentage points to 46.7 percent, according to a survey published Sunday.
Australia's unemployment rate in January has risen to 6 percent from 5.8 percent a month earlier, according to the latest figures released by the Australian Bureau of Statistics (ABS) on Thursday.
Expectations for additional interest rate cuts in South Korea mounted as one monetary policymaker favored further monetary easing after the rate freeze decision for eight straight months.
The Chinese government "has no intention to boost exports by devaluing the renminbi, not to mention waging a trade war", Premier Li Keqiang told International Monetary Fund chief Christine Lagarde during a telephone call on Thursday morning.
Australian house price growth is set to come off the boil in 2016 due to low affordability and prudential regulations.
South Korea posted the highest jobless rate among youths of 9.2 percent last year as companies refrained from employing college graduates on concerns about economic slump, a government report showed Wednesday.
The Chinese currency renminbi, or the yuan, has been weakening against U.S. dollar since the beginning of 2016, and shows no signs of reversion.
Hong Kong’s economic prospects in 2016 are worse than last year amid weak exports and falling tourism revenue, Bank of East Asia Ltd. (00023.HK) deputy chief executive Adrian Li Man-kiu said.
Standard & Poor’s has released its latest Global Financial Literacy Survey. Statistics show that only 45 percent Chinese would calculate compound interest from savings, and their knowledge about other wealth management basics is poor. To put their money in the bank for fixed term deposit is still the predominant way of wealth management for Chinese households.
Azerbaijan has abandoned its currency peg and moved to a floating rate, the country's central bank CBA said in a statement Monday.
China is expected to keep its stimulus measures including interest rate cuts in 2016 to underpin economic growth, Bloomberg economists has said.
The Federal Reserve's policymakers met for the final time this year on Wednesday (Dec 16) and announced the first US interest rate hike since June 2006, and seven years after it pushed its benchmark lending rate to zero to battle the global financial crisis and the Great Recession that followed.
South Korea's government said Thursday that the U.S. Federal Reserve's first rate hike in almost a decade would have only a limited impact on the South Korean economy.
Job creation in South Korea slowed down in November, with jobless rate unchanged at 3.1 percent, a government report showed Wednesday.
Job creation in South Korea slowed down in November, with jobless rate unchanged at 3.1 percent, a government report showed Wednesday.
China's central bank said Monday the Chinese currency has the fundamentals to remain stable relative to a basket of currencies after a change on Friday in the way the renminbi's value is calculated.
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