China's economic growth dipped to 7.7 percent in the first quarter, falling short of market expectations and suggesting a continued tepid economic rebound for the world's second-largest economy.
South Korea's finance ministry said Tuesday that it earmarked 17.3 trillion won (15 billion U.S. dollars) in extra budget this year to boost the sluggish economy in the early period of new presidency under President Park Geun- hye.
China's fiscal revenue growth continued to slow in the first quarter, mainly as a result of the country's tempered economic expansion, structural tax reforms and sluggish import growth, the Ministry of Finance (MOF) said Monday.
Developers in Singapore sold 2, 793 new units of private homes, excluding executive condominiums, in March, according to statistics released by the Urban Redevelopment Authority on Monday. The number is more than four times of that in February.
China's gross domestic product (GDP) growth unexpectedly slowed to 7.7 percent in the first quarter of 2013, down from 7.9 percent during the final quarter of 2012, data from the National Bureau of Statistics showed on Monday.
U.S. stocks rose for a third straight day on Wednesday, sending both the Dow Jones Industrial Average and the broader S&P 500 to all-time closing and intraday highs.
Although economic figures for March indicated a more stable economy in China, overcapacity continues to trouble the country's industries.
China's consumer price index (CPI), a main gauge of inflation, rose 2.1 percent year on year in March, down from a 10-month high of 3.2 percent in February, according to official data released Tuesday.
Wall Street closed higher in choppy trading on Thursday, rebounding from a biggest loss over one month in the prior trading day, as investors took the dip as a buying opportunity.
The Standard & Poor's 500 (S&P 500) and the Dow Jones Industrial Average Indices on Thursday ended with their new record closing highs and wrapped up the quarter with amazing gains.
South Korea planned to boost its faltering real estate market with the comprehensively easing measures such as the offer of exemptions on acquisition and capital gains taxes along with the financial support for first- time home buyers, the Construction Ministry said Monday.
With the presidential election less than two weeks away, Venezuelan Acting President Nicolas Maduro led opposition leader Henrique Capriles by 20 percent in latest polls.
Despite its better than expected 6. 6 percent gross domestic product (GDP) growth last year, the Philippines will lag behind other members of the Association of Southeast Asian Nations (ASEAN) in the long-term if it does not adopt the needed improvements, according to the Organization of Economic Cooperation and Development (OECD).
China's telecom operators are being squeezed by messaging applications installed in the smartphones they encourage users to buy.
China's telecommunications operators are being squeezed by messaging applications installed in the smartphones they encouraged users to buy, which depend on the networks that operators spent pretty pennies to build.
South Korea's economic growth fell to a three-year low last year, which is expected to drive the central bank into action amid the widely anticipated stimulus package under the new administration of President Park Geun-hye.
The Bank of Japan's new governor, Haruhiko Kuroda, on Thursday renewed his pledge to expand monetary easing and to achieve a 2-percent inflation goal in two years at his inaugural news conference, just a day after he took office.
简体中文
