Reuters Asia Business

TAIPEI (Reuters) – Taiwan’s central bank is expected to keep its policy interest rate unchanged this week and to stay the course throughout next year given the strong economy and as it deals with inflation concerns, according to economists in a Reuters poll on Monday. The central bank left the benchmark discount rate at 2% …

Taiwan set to hold rates steady with strong economy, lingering inflation: Reuters poll Read More »

BEIJING (Reuters) – China’s coal output rose to a record daily high in November, data from the statistics bureau showed on Monday, setting the world’s largest coal industry on track for another record year. China mined 427.98 million metric tons last month, according to the National Bureau of Statistics. Average daily production in November was …

China’s coal output hits record daily high in November Read More »

BEIJING (Reuters) – The trend of China’s consumption recovery has not changed despite year-on-year retail sales growth in November having slowed from October, China statistics bureau spokesperson Fu Linghui said at a media briefing in Beijing on Monday. The combination of policies released and new policies will gain more traction and kick in, but the …

China’s consumption recovery continues despite growth slows, stats bureau says Read More »

BEIJING (Reuters) – China’s industrial output rose 5.4% from a year earlier in November, quickening from October’s 5.3% growth, signalling tentative stabilisation in the world’s second-largest economy as recent stimulus measures start to gain traction. Data released on Monday by the National Bureau of Statistics beat expectations for a 5.3% rise in a Reuters poll …

China November industrial output rises 5.4%, above expectations Read More »

BEIJING (Reuters) – Property investment in China fell 10.4% in the first eleven months of 2024 from a year earlier, after dropping 10.3% in January-October, National Bureau of Statistics (NBS) data showed on Monday. Property sales by floor area in January-November fell 14.3% from a year earlier, versus a 15.8% drop in January-October. New construction …

China’s property investment falls 10.4% y/y in Jan-Nov Read More »

By Rahul Trivedi BENGALURU (Reuters) – Bank Indonesia (BI) will hold its key interest rate steady on Wednesday to support the rupiah, according to a narrow majority of economists in a Reuters poll, who decisively expected a rate cut on Dec. 18 just a month ago. While domestic factors such as softening economic growth and …

Bank Indonesia to hold rates this month as FX stability outweighs domestic concerns: Reuters poll Read More »

By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – The Bank of Thailand (BOT) will keep its key interest rate unchanged on Wednesday after a surprise October trim, according to a Reuters poll of economists, though they were divided on whether the bank would hold or cut early next year. Consumer inflation has remained below the …

Bank of Thailand to hold rates this year, economists split on next cut – Reuters poll Read More »

TOKYO (Reuters) – Japan’s factory activity shrank for the sixth straight month on lacklustre demand while the service sector extended gains in December, business surveys showed on Monday, highlighting the economy’s increasing reliance on services. The au Jibun Bank flash Japan manufacturing purchasing managers’ index (PMI) dropped at a slower pace to 49.5 in December …

Japan’s factory activity softens for 6th straight month, PMI shows Read More »

TOKYO (Reuters) – Japan’s core machinery orders rose 2.1% in October from the previous month, government data showed on Monday. That compared with a 1.2% rise expected by economists in a Reuters poll. On a year-on-year basis, core orders, a highly volatile data series regarded as a leading indicator of capital spending in the coming …

Japan October machinery orders rise on strong manufacturing sector Read More »