Economic Indicators News

Economic Indicators News

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21 Oct

China Surveillance Giant Expects Client Losses From U.S. Ban

China Surveillance Giant Expects Client Losses From U.S. Ban

-- Hangzhou Hikvision Digital Technology Co. warned it may lose customers in overseas markets because of its U.S. blacklisting, underscoring the extent to which curbs on the sale of American technology may hurt the world’s largest video surveillance business.Executives at the Chinese camera provider, which reported profit in line with estimates,

21 Oct

Hong Kong Sees Best Weekend for Home Sales Since April

Hong Kong Sees Best Weekend For Home Sales Since April

-- Hong Kong Chief Executive Carrie Lam’s plan to relax mortgage rules for first-time buyers appears to have already spurred sentiment, with the city recording its best weekend for home sales since April.The 10 biggest housing estates tracked by Centaline Property Agency Ltd. recorded 20 sales over the weekend, more than three times the weekend

21 Oct

Vietnam Targets GDP Growth of 6.8% in 2020, Prime Minister Says

Vietnam Targets GDP Growth Of 6.8% In 2020, Prime Minister Says

-- Vietnam seeks to sustain economic growth next year at about 6.8% amid a projected 7% rise in exports, Prime Minister Nguyen Xuan Phuc said.Inflation should stay below 4% in 2020, Phuc told legislators in a speech in Hanoi aired live on television. Overseas sales are set to gain 7.9% this year while inflation will likely average 2.7%-3% in 2019,

21 Oct

Korea Export Drop Spells Another Gloomy Month for Global Economy

Korea Export Drop Spells Another Gloomy Month For Global Economy

-- South Korea’s exports -- a bellwether for global trade -- are poised for an 11th monthly decline as China’s economy slows and tech demand struggles to rebound.Exports during the first 20 days of October fell 20% from a year earlier, data from the Korea Customs Service showed Monday. Shipments to China, South Korea’s biggest trading partne

21 Oct

China Home-Price Growth Slowest in Seven Months Amid Discounts

China Home-Price Growth Slowest In Seven Months Amid Discounts

. China Home-Price Growth Slowest in Seven Months Amid Discounts -- China’s home-price growth slowed for a fourth month in September, as cash-strapped developers cut prices to speed up sales.New-home prices, excluding state-subsidized housing, rose 0.53% last month from August in 70 major cities, National Bureau of Statistics data showed Monday. That’

21 Oct

Japan's extended exports slump could push BOJ to ease next week

Japan's Extended Exports Slump Could Push BOJ To Ease Next Week

. FILE PHOTO: A man in a bicycle drives past containers at an industrial port in Tokyo By Daniel Leussink TOKYO Japan's exports contracted for a 10th straight month in September, adding to speculation the central bank could ease monetary policy as soon as next week to support an economy hit by a slowdown in global demand. A bitter Sino-U.S. trade war and

21 Oct

Japan's September exports slip for 10th month, builds pressure on BOJ to ease next week

Japan's September Exports Slip For 10th Month, Builds Pressure On BOJ To Ease Next Week

. FILE PHOTO: A man in a bicycle drives past containers at an industrial port in Tokyo By Daniel Leussink TOKYO Japan's exports contracted for a 10th straight month in September, raising speculation the central bank could ease monetary policy as soon as next week to counter heightening overseas risks and a slowdown in demand. Exports in September slumped

21 Oct

UK property asking prices show weakest October rise since 2008: Rightmove

UK Property Asking Prices Show Weakest October Rise Since 2008: Rightmove

LONDON Asking prices for British houses put on sale in October showed the smallest seasonal increase since the financial crisis, as all but the most determined sellers waited for greater certainty over Brexit, industry figures showed on Monday.Rightmove said that the average asking price for homes sold via its website was 0.6% higher in October th

20 Oct

Turkey says Kurdish militia kills soldier in northeast Syria despite ceasefire

Turkey Says Kurdish Militia Kills Soldier In Northeast Syria Despite Ceasefire

Turkey says Kurdish militia kills soldier in northeast Syria despite ceasefire ANKARA One Turkish soldier was killed and another was wounded on Sunday after an attack by the Syrian Kurdish YPG militia in northeast Syria's Tel Abyad, the defense ministry said, despite a deal to pause military operations as militants withdraw from the area. Presiden

20 Oct

Turkey says Kurdish militia kills one soldier in northeast Syria despite ceasefire

Turkey Says Kurdish Militia Kills One Soldier In Northeast Syria Despite Ceasefire

Turkey says Kurdish militia kills one soldier in northeast Syria despite ceasefire ANKARA One Turkish soldier was killed and another was wounded on Sunday after an attack by the Syrian Kurdish YPG militia in northeast Syria's Tel Abyad, the defense ministry said, despite a deal to pause military operations as militants withdraw from the area.Turkey

19 Oct

Erdogan says Turkey to resume Syria offensive if truce deal falters

Erdogan Says Turkey To Resume Syria Offensive If Truce Deal Falters

. Turkish President Erdogan salutes during a gathering in Kayseri By Tuvan Gumrukcu ANKARA President Tayyip Erdogan said on Saturday Turkey would press on with its offensive into northeastern Syria and "crush the heads of terrorists" if a deal with Washington on the withdrawal of Kurdish fighters from the area was not fully implemented. Erdogan agreed on

19 Oct

Calm reigns in northeast Syria as fragile U.S.-Turkey ceasefire holds

Calm Reigns In Northeast Syria As Fragile U.S.-Turkey Ceasefire Holds

By Tuvan GumrukcuANKARA A fragile ceasefire was holding along Turkey's border with Syria on Saturday, two days after President Tayyip Erdogan agreed the truce to allow Kurdish forces time to pull back from Ankara's cross-border assault.Erdogan agreed the truce during talks in Ankara on Thursday with U.S. Vice-President Mike Pence on stemming a hum

18 Oct

Venezuela September inflation accelerates to 52.2%: central bank

Venezuela September Inflation Accelerates To 52.2%: Central Bank

CARACAS Venezuela's consumer prices rose 52.2% in September compared with 34.6% in August, the country's central bank said on Friday, adding that prices rose 4,679.5% through the first nine months of the year.The country's gross domestic product contracted by 26.8% in the first quarter of 2019 with respect to the same period a year earlier, the ba

18 Oct

General Motors strike to slash U.S. October payrolls: JPMorgan

General Motors Strike To Slash U.S. October Payrolls: JPMorgan

By Lucia MutikaniWASHINGTON A month-long strike at General Motors (N:GM) could cut U.S. job growth by as much as 75,000 in October, JPMorgan (NYSE:JPM) economist Daniel Silver said on Friday, an unwelcome development amid financial market fears of a recession.Silver said in a research note that the estimated hit to nonfarm payrolls would be the re

18 Oct

Brazil's weaker real hasn't hit inflation: central bank governor

Brazil's Weaker Real Hasn't Hit Inflation: Central Bank Governor

WASHINGTON Brazilian Central Bank governor Roberto Campos Neto said on Friday that the recent weakening of the real against the dollar has not hit inflation, adding that there was room for a cut in Brazil's benchmark Selic interest rate.At a news conference in Washington D.C., where he attended events at the International Monetary Fund (IMF) annua

18 Oct

Canadian home prices edge higher in September, led by Montreal

Canadian Home Prices Edge Higher In September, Led By Montreal

TORONTO Canadian home prices edged higher in September, paced by increases in Montreal, the province of Quebec's most populous city, and the capital region of Ottawa-Gatineau, data showed on Friday.The Teranet-National Bank Composite House Price Index, which measures changes for repeat sales of single-family homes, showed that prices rose 0.1% las

18 Oct

German business lobby see withdrawal deal as cushioning Brexit impact

German Business Lobby See Withdrawal Deal As Cushioning Brexit Impact

German business lobby see withdrawal deal as cushioning Brexit impact BERLIN German business groups have expressed relief at this week's Brexit deal, believing that if it is approved by British lawmakers it would minimize the economic damage to both sides, which they fear would be worse with a disorderly divorce.The longrunning saga over how and wh

18 Oct

Thailand says 'good feeling' over China-backed trade pact

Thailand Says 'good Feeling' Over China-backed Trade Pact

Thailand says 'good feeling' over China-backed trade pact By Patpicha TanakasempipatBANGKOK Thailand has a "good feeling" that a China-backed free trade pact for countries with nearly half the world's population will be agreed this year after years of delay, a Thai official said on Friday.Negotiators for the 16-nation Regional Comprehensive Economi

18 Oct

Spike in U.S. mortgage activity catches big banks flat footed

Spike In U.S. Mortgage Activity Catches Big Banks Flat Footed

. An unoccupied home is seen in the Penn Estates development where most of the homeowners are underwater on their mortgages in East Stroudsburg By Imani Moise A surge in U.S. mortgage applications has left Bank of America Corp (N:BAC), Wells Fargo & Co (N:WFC) and other large banks scrambling to meet demand, leading to longer closing times and unhap

18 Oct

Thai September exports seen rising 1.2% year-on-year: Reuters poll

Thai September Exports Seen Rising 1.2% Year-on-year: Reuters Poll

BANGKOK Thailand's customs-cleared exports likely grew 1.2% in September from a year earlier, after declining 4% in the previous month, a poll showed on Friday.Imports in September are expected to have fallen 5.35%, after decreasing 14.62% in August, according to the median forecast of 10 analysts in the poll.Thailand likely recorded a tra

18 Oct

Credit Suisse to start charging wealthy clients for cash deposits

Credit Suisse To Start Charging Wealthy Clients For Cash Deposits

ZURICH Credit Suisse (S:CSGN) will start charging wealthy clients with large cash deposits in Swiss francs, the latest Swiss bank to pass on negative interest rates to customers.Individual and business customers will be charged a rate of -0.75% on cash balances above 2 million Swiss francs ($2.02 million), Switzerland's second biggest lender sai

18 Oct

China’s GDP Grows Slower Than Expected in Q3

China’s GDP Grows Slower Than Expected In Q3

. China’s third quarter GDP grew slower than expected, data showed on Friday.China’s economic growth in the third quarter slowed more than expected to 6.0% from last year, the National Bureau of Statistic reported. Analysts expected GDP to grow 6.1% year-on-year.Meanwhile, industrial output gained 5.8% year-on-year in September, compared with a 5.0% growth ex

18 Oct

China’s Economy Slows Further, Testing Government Policy Stance

China’s Economy Slows Further, Testing Government Policy Stance

-- China’s economic growth slowed in the third quarter amid weak demand at home and as the trade war with the U.S. drags on exports.Gross domestic product rose 6% in the July-September period from a year ago, the slowest pace since the early 1990s and weaker than the consensus forecast of 6.1%. Factory output rose 5.8% in September, retail sales

18 Oct

China's January-September property investment up 10.5% year-on-year, sales fall

China's January-September Property Investment Up 10.5% Year-on-year, Sales Fall

BEIJING China's property investment grew 10.5% in the first nine months of 2019 from a year earlier, in line with the increase seen in the January-August period, official data showed on Friday.Property sales by floor area fell 0.1% for January-September, compared with a 0.6% drop seen in the first eight months, the National Bureau of Statistics (N