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Indonesian Central Bank Cuts Rate Benchmark to 7.25%

Indonesian central bank (BI) Tuesday reduced rate benchmark by 25 basis points to 7.25 percent, a BI senior official said here. "The decision to reduce the rate benchmark was conducted after governor board learning the ongoing economy developments in domestic and international ...

Vietnam's Retail Sales, Services Up 21.5% in First Four Months

Vietnam's retail sales and services in the first four months this year went up 21.5 percent over the same period last year to 360.4 trillion Vietnamese dong (21.2 billion U.S. dollars), according to the General Statistics Office of Vietnam on Monday. Of which, trading experienced ...

China Allocates $3.4 Bln on Energy Saving, Ecological Projects

China has allocated 23 billion yuan (3.37billion U.S. dollars) for energy saving, anti-pollution, ecological and environmental protection projects since the fourth quarter of last year. Han Yongwen, secretary-general of the National Development and Reform Commission, said ...

S Korean Consumer Sentiment Shows Sharp Rise in April

South Korea's consumer sentiment rose sharply in April thanks to increasing signs of economic improvement, the central bank said Tuesday. The consumer survey index, a gauge of consumers' overall economic outlook with a reading below 100 indicating pessimists outnumber optimists, ...

S Korea Sees Deposit Interest Rate Fall to 13-Year Low

South Korea's savings deposit interest rate at banks plunged to a 13-year low due to the central bank's aggressive move on credit easing, local Korea Times reported Monday. The average interest rate for banks' deposit products logged 2.97 percent in March, down 0.26 percentage ...

Indonesian Central Bank Cuts Rate by 25 Basis Points

Indonesian central bank on Wednesday reduced its benchmark interest rate for a seventh straight month by 25 basis points to 7.0 percent to help spur economic growth, the bank said in a statement. Indonesia's economy has been struggling to achieve 4.5 percent economic target this ...

Japan's Current Account Surplus Shrinks 54.5% in April

Japan's current account surplus contracted by 54.5 percent year-on-year to 630.5 billion yen (6.43billion U.S. dollars) in April, the finance ministry said Monday. The balance of trade in goods and services sank into the red, logging a deficit of 287.3 billion yen (2.89 billion ...

China's CPI Falls 1.4% in May

China's consumer price index (CPI),the main gauge of inflation, fell 1.4 percent year on year in May, the National Bureau of Statistics (NBS) said on Wednesday. This marks the fourth consecutive month of decline since the index dropped 1.6 percent in February, the first fall ...

China Urban Fixed-Asset Investment Up 32.9% in First Five Months

China's urban fixed-asset investment in the first five months rose 32.9 percent year on year to 5.352 trillion yuan (787 billion U.S. dollars), the National Bureau of Statistics announced Thursday. The growth rate was 2.4 percentage points higher than that of the first four ...

China's industrial output up 8.9% in May

China's industrial output grew 8.9 percent in May from a year ago, faster than the 7.3 percent in April, the National Bureau of Statistics said on Friday.

China's Fiscal Revenue Up 4.8% in May

China's Ministry of Finance said that the country's fiscal revenue in May rose 4.8 percent year on year to 656.95 billion yuan (96.05 billion U.S. dollars). In the first five months of this year, the revenue fell 6.7 percent to 2.711 trillion yuan, said the ministry. Fiscal ...

China's Fiscal Revenue Tops 6.13 Trln Yuan Last Year

The Chinese government's fiscal revenue in the first five months reached 2.7 trillion yuan (400 billion U.S. dollars), down 6.7 percent or 195.6 billion yuan over the same period last year, Chinese Finance Minister Xie Xuren said Wednesday. Xie revealed the figure in a report to ...

Japan's Key CPI Falls 1.1% in May

Japan's key consumer price index fell a record 1.1 percent in May from a year earlier for the third straight month of decrease, the government said Friday. The fall of 1.1 percent, which matches average market expectations, is the biggest decline since data became available in ...

Japan's Industrial Output Rise 5.9% in May

Japan's industrial output in May rose 5.9 percent from the previous month for the third straight month of gain, but the rise is lower than expected, the government data showed Monday. The market's average forecast for the seasonally adjusted May output growth stood about 6.7 to 6...

Eurozone Economy Shows Early Signs of Improvement

The eurozone economy is starting to show some tentative signs of improvement but remains in a deep recession, the European Commission said in a report on Monday. Thanks to substantial banking support measures implemented by the 16 euro-adopted European Union (EU) countries, most ...

Eurozone Economy Contracts 2.5% in 1st Quarter

Eurozone GDP fell 2.5 percent in the first quarter of 2009, compared with the previous quarter, according to second estimates by Eurostat, the statistical service of the European Union (EU), published on Wednesday. Compared with the same quarter of the previous year, seasonally ...

Philippines Cuts Interest Rates Anew by 25 Points

Philippine monetary officials cut key policy interest rates by 25 basis points to support domestic consumption amidst a global economic crisis, the Philippine central bank said Thursday. "The Monetary Board reduced policy rates further based on the latest baseline forecast ...

China's June CPI Falls 1.7%, PPI Down 7.8%

China's consumer price index (CPI), a main gauge of inflation, dipped 1.7 percent in June from a year earlier, the National Bureau of Statistics (NBS) said here Thursday. This marks the fifth consecutive month of decline since the index dropped 1.6 percent in February, the first ...

China's Central Bank Underscores Adherence to Moderately Easy Monetary Policy

China would firmly stick to its moderately easy monetary policy and concrete the recovery momentum of the country's economy, said vice governor of China's central bank on Wednesday. Su Ning, Vice Governor of the People's Bank of China (PBOC) made the remarks in a meeting held in ...

ECB Keeps Key Interest Rate Unchanged at 1%

The European Central Bank (ECB) decided on Thursday to keep the key interest rate of the euro zone on hold at 1 percent, the Frankfurt-based bank announced. "At today's meeting, the Governing Council of the ECB decided that the interest rate on the main refinancing operations and ...
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