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Nikkei up 2.83% in morning trading: Tokyo stocks rose sharply Wednesday morning with the key Nikkei index up 2.83 percent. At 11 a.m., the benchmark Nikkei 225 Average gained 270.13 points to 9,807.36. The broader Topix index was up 19.80 to 874.19.

Philippine Q2 GDP seen to grow 5.9-6.9%: The Philippine economy is expected to have grown by 5.9 to 6.9 percent in the second quarter on back of the global recovery and election related spending, a senior official said Monday. The second quarter GDP growth was "fostered by the recovery of the global economy which fueled ...

China economic news in brief: North China grain exports to Russia increase 26.5% amid Russian drought: CHINESE GRAIN EXPORTS TO RUSSIA SOAR Chinese grain exports to Russia from Manzhouli, in north China's Inner Mongolia Autonomous Region, hit 12,000 tonnes in the first seven months of the year, up 26.5 percent from the same period last year, customs statistics show. The value of ...

Thailand's GDP in H1 grows 10.6%: think tank chief: Thailand's gross domestic product (GDP) during the first half (Jan-June), 2010, grew 10.6 percent year on year, the Thai government's think tank chief said on Monday, the Thai News Agency (TNA) reported. The domestic economy has been largely boosted by the country's robust export ...

Singapore's inflation up 3.1% on-year in July: Singapore's consumer price index increased by 3.1 percent in July due largely to higher costs in transport, housing and food compared to a year ago. Official data released Monday by the Singapore Department of Statistics showed that cars and petrol were the main items contributin...

Renminbi internationalization a delicate issue: Delegates to a recent Kunming financial summit agreed that Asia should reduce its dependence on dominant currencies during trade settlements. The move would promote the internationalization of local tender. Il Houng Lee, senior resident representative of China's International ...

Philippine GDP growth to hit 5%-7%: The Philippine economy is forecast to grow 5 percent this year and 7 percent in the next five years, a level that is expected to slash the country's high poverty level. Socioeconomic Planing Secretary Cayetano Paderanga said Wednesday that the country's economic managers will ...

Oil settles below 75 USD amid economic worries: Oil prices tumbled to below 75 U. S. dollars on Thursday as a series of negative economic data exacerbated concerns about recovery and energy demand. The Labor Department reported that the total applications for first time jobless claims jumped 12,000 to 500,000 last week, the ...

Indonesia expected to draw investment of $22.3 bln next year: Indonesia's Investment Coordinating Board targeted to draw an investment of more than 200 trillion rupiah (about 22.3 billion U.S. dollars) next year, increasing 15 percent compared to this year, Bisnis Indonesia daily quoted an official as saying on Wednesday. The board's ...

Australia's economic growth slows for third month in June: Australia's economic growth rate slowed for the third straight month in June, sparking fears the nation is facing an imminent economic slowdown, a survey showed on Wednesday. The Westpac/Melbourne Institute leading index of economic activity was virtually flat in June after it ...

Brazil's tax collection up 10.5% in July: Brazil's tax collection totaled 67.973 billion reais (38.841 billion U.S. dollars) in July, up 10.5 percent month on month, the Federal Revenue Secretariat said Tuesday. The figure was a record high for the month of July, it said. The total consists of three parts -- federal ...

China 'overtakes Japan in economic prowess': China may overtake Japan as the world's second-largest economy this year, but it remains a developing economy despite its fast pace of growth, economists said. Japan's nominal gross domestic product (GDP), which is not adjusted for price and seasonal variations, was worth $1.286 ...

China's holdings of U.S. Treasuries fall by $24 bln in June: China reduced its holdings of U.S. Treasury debt for a second straight month in June while the holdings of Japan and Britain rose. China's holdings fell by $24 billion to $843.7 billion, a decline of 2.7 percent, the Treasury Department said Monday in a monthly report on debt ...

Ukraine's GDP grows 6% in second quarter: Ukraine's gross domestic product (GDP) grew by 6 percent in the second quarter of 2010 from a year earlier, the State Statistics Committee of Ukraine said in a report on Monday. According to the report, Ukraine's economy grew 3.9 percent in the second quarter of 2010 compared to ...

Chile eyes rapid growth in bilateral trade with China: Chile's government is focusing on rapid growth in its bilateral trade, investments, and tourism with China, the country's finance minister said Sunday. Chilean Finance Minister Felipe Larrain told Xinhua that Chile is confident that China's economy will maintain a 9 percent ...

Asia stocks close lower amid worries over global economic recovery: Asia's stocks fell lower on Thursday on Wall Street's plunge overnight as investors worried about the prospect of the global economic recovery after the U.S. Federal Reserve warned that the U.S. economy was showing signs of a slowdown. In China, the shares dropped more than 1 ...

Economic and trade relations with China very good: Cambodian deputy PM: Cambodian Deputy Prime Minister Sok An said that the economic and trade relations between Cambodia and China are very good, in an recent interview with Xinhua. In an recent interview with Xinhua, Sok An said the economic and trade relations between the two countries, which ...

Brazil hopes to promote trade with China in agriculture: Brazil wants to boost trade with China in agricultural products, and will export more pork to and import more fish from China in the next few years, Brazilian Agriculture Minister Wagner Rossi said Thursday. The two countries enjoy a very good trade partnership, but there is ...

China slaps anti-dumping tariffs on imported pure terephthalic acid: China has decided to impose anti-dumping tariffs on pure terephthalic acid imported from Thailand and the Republic of Korea (ROK), the Ministry of Commerce (MOC) said Thursday. The five-year tariffs, ranging from 2 percent to 20.1 percent, took effect Thursday, the ministry said ...

Oil prices tumble on data, dollar: Oil prices dropped below 80 U.S. dollars a barrel before settling higher on Tuesday as the dollar strengthened and oil imports of China fell. The dollar continued to strengthen against the euro on Tuesday, which pressured on the crude oil prices. Usually a strong greenback limits ...

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Yao's gift of sport for all: Chinese NBA player Yao Ming teaches a boy with special needs how to ...

Lucrative golf industry lures stiff competition: Two models stand beside golf equipment and bags at a recent golf ...

Li Na wins French Open women's singles title: History-making tennis legend Li Na notched the first-ever grand slam ...

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