The GDP of the United States expanded at an annual rate of 2.5 percent in the second quarter this year, the best performance since the third quarter of last year, boosted by ongoing recovery of U.S. housing market and household consumption, showed figures from the Commerce Department Thursday.
Household income in South Korea grew at a faster pace in the second quarter of this year due to economic recovery during the quarter, a government report showed Friday.
Underpinned by strong local consumption and spending, Hong Kong’s economy posted a 3.3 per cent growth in the second quarter of 2013, official data showed Friday.
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.
South Korean economy grew at the fastest pace in more than two years in the second quarter of this year as a turnaround in private consumption relieved the weak facility investment, central bank data showed Thursday.
J.P. Morgan has revised down its estimate on China's 2013 year-on-year economic growth rate from 7.6 percent to 7.4 percent, lower than the government's official target of 7.5 percent.
Market focus has turned to the downside risks facing China's growth in the short term after hopes of a steady recovery in the world's second largest economy proved to be in vain.
Standard Charter said on Wednesday that it is doubtful over the future growth of emerging markets in the third quarter this year, given the ups and downs in stock market and unfavorable figures in those economies.
Surveys conducted by China's central bank have indicated that bankers, entrepreneurs and depositors are worried about the economy and have less confidence, the Shanghai Securities News reported Saturday.
Malaysia's personal computer (PC) market recorded 898,000 units in the first quarter ended March 31, 2013, which was an increase of 18 percent sequentially, with Lenovo emerging as the top vendor, Internet Data Center(IDC) said.
Home building activity in New Zealand surged by 12 percent in the quarter to the end of March, the highest rate in more than a decade, bringing activity back to pre-Global Financial Crisis levels, the government statistics agency announced Wednesday.
The declining trend of manufacturing output seems to have been reversed but prospect of recovery remains fragile due to the prolonged recession in Europe, the United Nations reported on Tuesday.
The Australian dollar fell Wednesday after news of disappointing economic growth in the first three months of the year.
Home building activity in New Zealand surged by 12 percent in the quarter to the end of March, the highest rate in more than a decade, bringing activity back to pre-Global Financial Crisis levels.
The upside is that the Philippine economy grew by a stunning 7.8 percent during the first quarter of the year, the fastest among the emerging economies in the Asia- Pacific region. But the downside is that the country's stock market took a nosedive and the Philippine peso weakened in the aftermath of the strengthening of the U.S. dollar brought about by a slight but steady recovery of the U.S. economy.
The Philippine economy posted a 7.8 percent growth in the first quarter of this year, as against 6.5 percent in the same period last year, the National Statistical Coordination Board (NSCB) announced Thursday.
Business confidence in the Philippines soared to a new high in the second quarter of this year due to bullish outlook on the economy, the Philippine central bank said Thursday.
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