text

Economic outlook brighter for 2016, a central bank report says

A number of positive factors will gradually gain traction in 2016, although downward pressures on growth such as overcapacity, profit deceleration and rising nonprofit loans will persist, according to a research report from the People's Bank of China.

text

S. Korea freezes interest rates at record low for 6 months

​South Korea's central bank on Thursday froze the benchmark interest rate at a record low of 1.5 percent, keeping a wait-and-see stance for six straight months.

text

Singapore economy expected to grow by "close to 2.0 percent" in 2015: gov't

​Singapore's Ministry of Trade and Industry announced on Wednesday the country's economy grew by 1.9 percent year-on-year in the third quarter of 2015, and expects the economy to grow by "close to 2.0 percent" for the whole of 2015.

text

Over 8 millions tipped to visit Thailand during this year's fourth quarter

​More than 8 million tourists are expected to visit Thailand during this year's fourth quarter, beginning next month, said a leading tourism official on Tuesday.

text

Housing headed for oversupply in Australia: report

​A new analysis indicates Australia' s housing market could be oversupplied within three years, according to new economic data.

text

U.S. fiscal deficit expected to be 6.6 pct of GDP by 2040: CBO

U.S. federal budget deficits are projected to rise steadily over the next 25 years, mainly because of the aging population and rising health care costs, according to a report by the Congressional Budget Office on Tuesday.

text

ASEAN 26th Summit to focus on realization of ASEAN Community

​The ASEAN Summit this year will focus on the priority measures and initiatives for the realization of ASEAN Community in 2015 and will ensure the integration process to continue progressively beyond 2015, ASEAN Secretariat said on Monday.

text

Hillary Clinton to announce 2016 campaign Sunday: report

Former Secretary of State Hillary Clinton is expected to make her official 2016 presidential campaign announcement on Sunday, local media reported Thursday.

text

Brazilian president to be sworn in for second term

Brazil's President Dilma Rousseff will be sworn in for a second four-year term Thursday in the capital city of Brasilia.

text

Italian manufacturing industry to restart growth in 2015: study

​The Italian manufacturing industry is estimated to close 2014 with a slight worsening of sales and to restart growth in 2015, according to a joint study presented Tuesday by the Prometeia think tank and Intesa Sanpaolo bank.

text

Thai police launches campaign against World Cup gambling

Thai police on Monday launched an operation center aimed at cracking down on an expected boom in illegal betting on the upcoming World Cup 2014.

text

Search and recovery continues for Malaysian flight MH370

Up to nine military planes, three civil planes and 14 ships will assist in Monday's search for missing Malaysia Airlines flight MH370, the Joint Agency Coordination Center (JACC) for the international search efforts said.

text

Search for MH370 wreckage resumes off Western Australia's coast

The search for the wreckage of Malaysia Airlines flight MH370 has resumed off Western Australia's coast following the improvement in weather conditions, local media reported on Wednesday.

text

U.S. braces for rising economy, falling deficit

With improving economy and rigorous spending cuts, the U.S. federal government will embrace a normal amount of budget deficit in 2014, a congressional report said on Tuesday.

text

Ageing population expected to push down New Zealand jobless rate

New Zealand's unemployment rate is expected to fall to 4 percent by 2021 as the ageing population constrains the supply of labor, the Ministry of Business, Innovation and Employment forecast Friday.

text

Foxconn builds new plant in southwest China

Foxconn, the world's largest electronics contractor, on Monday started building a new plant in southwest China's Guizhou Province.

text

Japanese PM, U.S. vice president to visit Singapore

Both Japanese Prime Minister Shinzo Abe and United States Vice President Joseph Biden are expected to be in Singapore for a visit on Friday and Saturday, Singapore's Ministry of Foreign Affairs said.