Search Results for: China’s economy
Singapore Turns to Service as Global Economy Weakens
February 17th, 2015
Singapore is counting on its position as an Asian financial hub to bolster services exports as overseas demand for its goods falters amid an uneven global recovery. The growing importance of services has prompted the government to release quarterly ...
Dollar Rises to 7-Year High Versus Yen on Economy; Aussie Slides
December 1st, 2014
The dollar rose to a seven-year high versus the yen before data forecast to show U.S. manufacturing outpaced global peers, reinforcing the outlook for higher interest rates in the world’s largest economy. The greenback extended gains against the currencies of commodity-producing ...
China’s Stocks Head for Biggest Weekly Gain in Three Years
November 28th, 2014
China’s benchmark stock index headed for its biggest weekly advance in three years on optimism a slide in oil prices will reduce costs for transport companies and the central bank may continue to loosen monetary policy. China Everbright Bank ...
G-20 Plans $2 Trillion Growth Boost to Uneven Global Economy
November 17th, 2014
Group of 20 leaders agreed to take measures that would boost their economies by a collective $2 trillion by 2018 as they battle patchy growth and the threat of a European recession. Citing risks from financial markets and geopolitical ...
China’s inflation rate slows to near five-year low
October 15th, 2014
The inflation rate in China slowed more than expected in September to a near five-year low, adding to concerns that global growth is cooling. China’s inflation rate slowed more than expected in September to a near five-year low, adding ...
China’s Stimulus Boosts Industrial Metals
September 17th, 2014
Copper climbed for a second day after a report that China’s central bank intensified stimulus measures to support growth, boosting the demand outlook in the biggest consumer. The metal climbed as much as 1 percent on the London Metal ...
China’s Services Sector Rebounds in August
September 3rd, 2014
China‘s services sector expanded at its strongest pace in 17 months in August, as new business rebounded after a sharp slowdown in July, surveys showed on Wednesday. The services purchasing managers’ index compiled by HSBC/Markit jumped to 54.1 in ...
The Tricks of China’s Trade
August 11th, 2014
Last year, China ostensibly reached another milestone in its meteoric rise, surpassing the United States to become the world’s largest trading country, with its total trade turnover valued at CN¥25.83 trillion ($4.16 trillion). But this achievement is largely illusory ...
The Global Economy’s Groundhog Day
August 8th, 2014
In the movie “Groundhog Day,” a television weatherman, played by Bill Murray, awakes every morning at 6:00 to relive the same day. A similar sense of déjà vu has pervaded economic forecasting since the global economic crisis began a ...
China’s Industrial Profits rose to 17.9% in June
July 28th, 2014
Profits earned by Chinese industrial firms rose 17.9 percent in June to 588.08 billion yuan ($94.98 billion) from a year earlier, up sharply from an 8.9 percent rise in May, the National Bureau of Statistics said. For the first ...
