Asia > Stock Market / Finance

Stock Market / Finance in Asia

  • The increase rate of Turkmenistan's GDP hit 10.3 % in January-February 2014

    TURKMENISTAN, 2014/03/08 The increase rate of Turkmenistan's GDP hit 10.3 % in January-February 2014, the Turkmen government reported. "Turkmenistan's national economy continues to grow steadily in 2014. The GDP indicator hit 10.3 %. The increase rate of industry amounted to 8.9 %, construction sector - 15 %, transport and communication - 14.8 %. Other spheres of the country's economy have as well developed with high rates," the statement reads.

  • Singapore Budget Deficit In FY 2014

    SINGAPORE, 2014/02/23 Singapore budget is set to log a deficit in the financial year 2014-15 next making notable allocations for healthcare and welfare programmes for the elderly. The in general budget deficit will be S$1.2 billion, or about 0.3 % of GDP, Finance Minister Tharman Shanmugaratnam said in the parliament on Friday, delivering the annual 2014 budget. It will be the initial deficit since 2010. The minister said it is close to a balanced budget, and will not result in a draw on completed reserves as there is sufficient surplus from the last few years.

  • Kazakhstan’s GDP growth may hit 6%

    KAZAKHSTAN, 2014/01/06 Kazakhstan's GDP increase in 2013 is expected to be on plan at six %, Kazakh Minister of Economy and Budget Planning Erbolat Dossayev said at a briefing at the Central Communications Service. The major reasons for GDP increase in Kazakhstan in 2013 were the high increase of investments in the fixed capital, the dynamic increase of service production, and an increase of figures in engineering and agriculture, according to the minister. The minister stressed that a stable macroeconomic situation has contributed to the economic increase. The inflation amounted to 4.7 % in November 2013 compared to the same month of 2012 and it is expected that it will be equal to five % as of 2013. The increase of investments in the fixed capital amounted to 8.7 %, according to the minister.

  • Japan Aims To Cut Deficit Next Year On Sales Tax Collection

    JAPAN, 2014/01/01 Japan's cabinet on Tuesday approved the draft budget for the fiscal 2014 as Prime Minister Shinzo Abe targets to balance borrowing and record spending to stimulate economic recovery. The government plans to spend a record JPY 95.88 trillion in 2014/15. The increase in expenditures for defense, public works projects and social security programs will take in general general account spending to record JPY 72.61 trillion, up by JPY 2.24 trillion from this fiscal. At the same time, revenues are estimate to reach JPY 50 trillion, the highest in seven years, on an expected 1.4 % economic increase and planned sales tax hike.

  • Consumer prices in the Tokyo region

    JAPAN, 2014/01/01 Consumer prices in Japan added 1.5 % on year in November, the Ministry of Internal Affairs and Communications said on Friday - in line with expectations and up from 1.1 % in October. Core CPI was up 1.2 %, exceeding forecasts for 1.1 % and up from 0.9 % in the previous month. By individual component, prices for fuel spiked 5.7 %, while transportation climbed 2.3 % and food prices gained 1.9 %. Prices for housing and medical care were down 0.4 %, and furniture prices eased 0.2 %. On a monthly basis, in general inflation and core CPI were both flat.

  • Asia stocks down despite deal to end Greek crisis

    GREECE, 2013/12/15 Asian stock markets fell Tuesday even as European leaders appeared to have finally clinched a transaction for a rescue package to prevent Greece from going belly up. Japan's Nikkei 225 index was down 0.2 % at 9,464.19. Hong Kong's Hang Seng fell 0.5 % to 21,323.99 and South Korea's Kospi lost 0.8 % to 2,009.79. Benchmarks in Taiwan, Singapore, mainland China and the Philippines as well fell. Australia's S&P/ASX 200 added 0.7 % to 4,287.10. New Zealand and Indonesia as well rose.

  • Prime Minister Shinzo Abe helped push down the yen

    JAPAN, 2013/11/15 Japan said Thursday that increase halved in the July-September quarter as exports weakened and consumer spending slowed, but analysts were divided over what the figure meant for Tokyo's drive to fire up the economy. The once-anemic economy has lately been growing faster than other G-7 nations as a policy blitz led by Prime Minister Shinzo Abe helped push down the yen, giving a boost to exporters and sparking a stock market rally. That has stoked optimism over Japan's prospects. But official data Thursday showed the world's third-major economy expanded at an annualized rate of 1.9 % in the last quarter, a marked slowdown from the 3.8-% rise in the previous three months.

  • Indian Shares Edge Lower On Global Cues

    INDIA, 2013/10/28 Indian shares moved in a narrow range before ending modestly lower on Friday, tracking weak world cues. As well, investors looked forward to the RBI policy meet next week amid speculation the central bank may hike repo rate further to curb inflation. The benchmark BSE Sensex ended down 42 points or 0.2 % at 20,684 next breaching the 21,000 level during intraday trading the day before. The broader Nifty index fell 19 points or 0.32 % to 6,145. German brokerage firm Deutsche Equities raised its December 2013 target for the BSE Sensex to 22,000 from 21,000, citing easing concerns over the Federal Reserve's monetary stimulus tapering and some positive developments locally such as improved earnings picture and a good monsoon.

  • Recent developments in India’s foreign exchange

    INDIA, 2013/10/28 Recent developments in India’s foreign exchange, capital and export markets have kindled hope that the Indian economy is on the mend. Industrial output numbers from July have added additional cheer to the scene. Has India finally reached the end of the tunnel? Or is this an extra false dawn? It all depends on the behaviour of India’s inflation in the coming months. The battle against inflation has been a long one, starting back in 2006. The average annual rate of inflation since this time has remained high, at about 7 % on the wholesale price index and 9 % on the consumer price index. For India though, inflation has always been associated with high food prices. Therefore, the only durable way to bring down inflation is to contain rising food prices. India’s rising food prices are caused by both request and supply factors. As per capita gain rises, so too does the request for food. With higher incomes, the consumption basket has expanded from carbohydrates to include additional vitamin- and protein-rich foods.

  • China's economic strength is the majority likely driver of the Australian dollar

    CHINA, 2013/10/23 China's economic strength is the majority likely driver of the Australian dollar to achieve parity with the U.S. dollar again by the end of this year, local economists said. The Australian dollar was at 96.44 U.S. cents on Monday, which has benefited from expectations the U.S. Federal Reserve will keep a full dose of stimulus flowing into the world's biggest economy into 2014. The U.S. dollar is at an eight-month low. Deutsche Bank currency strategist John Horner has a 98 U.S.- cent estimate for the currency by year-end and would not policy out a 1 U.S. dollar valuation at some point in the fourth quarter. Deutsche as well has an above-consensus Chinese increase estimate for 2014.
Trending Articles