Mar 21, 2016 10:01 AM EDT
Japan seems to be happy over surge in exports to the US amid slowing demand from China during 2015. But, latest Yen strengthening is diluting value of foreign trade. Though, Japan's exports eased in February, value was almost flat owing to surging Yen against the US dollar. Overall exports volume was flat, while value declined over four percent owing to rising Yen.
Feb 23, 2016 10:45 AM EST
Overcapacity in Chinese industry may affect the domestic market and global economy in a more negative way than ever. Easily available loans and government subsidies are resulting in industrial overcapacity in the world's second largest economy. China needs more radical measures including greater privatization to streamline the domestic industry.
Feb 23, 2016 10:12 AM EST
Despite cost cutting, investment in oil and gas projects is dwindling down. Inflows into oil and gas projects in 2016 are expected to be less than £1 billion as against the annual average of £8 billion during the past five years. If oil price continues to hover at $30 per barrel throughout 2016, this will put more pressure on operating margins.
Feb 23, 2016 09:16 AM EST
With the Chinese steel industry turning positive, the copper prices soared on Monday to the highest in two weeks. This came after China's securities regulator head resigned from the post. Copper prices rallied in four of five weeks.
Feb 23, 2016 09:05 AM EST
Asian stocks recovered on Monday as investors are expecting some reassurance about global economy growth. Investors are looking to East Asia for more clues on the Asian economic state. The G20 Finance Ministers meeting is scheduled on Friday and Saturday in Shanghai.
Feb 02, 2016 09:48 AM EST
As a result, of the sharpest oil price fall in a generation, the oil explorers in the USare anticipated to report losses amounting to nearly 14 billion US dollar in the following eight days. Analysts expect Hess Corp to report an annual loss of 1.6 billion US dollar, a worst of its result in 28 years.
Feb 02, 2016 09:45 AM EST
Philippine's fourth quarter gross domestic product increased by 6.3% and represents the highest quarterly development for 2015. However, the nation's GDP growth is lesser than the 6.6% reported in the last year period. This quarterly growth was motivated by Services sector that hastened to 7.4% from 5.6%.
Feb 02, 2016 09:41 AM EST
The decrease in oil price has dropped China's stock market to the lowest level for the first time since December 2014. The Shanghai Composite Index dropped 6.4 percent at 2,749.79 on 26 January. The decrease influenced stock markets across Asia such as Nikkei, Hang Seng, Kospi, and other regional markets.