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Iceland's unemployment rate declined in November, data from Statistics Iceland revealed Monday. The seasonally adjusted jobless rate dropped to 3.4 percent in November from 5.4 percent in October. The number of unemployed people fell to 6,300 in November from 10,400 in October. On an unadjusted...

Taiwan exports orders in November climbed less-than-expected from a year ago, figures from the Ministry of Economic Affairs showed Monday. Exports orders in U.S. dollars increased 6 percent year-on-year, slower than the economists' forecast for 8.3 percent growth. In October, orders rose 13.4 percent. Shipments...

The Bank of Japan turned more upbeat on the economy, the Monthly Report on Recent Economic and Financial Developments revealed Monday. Japan's economy has continued to recover moderately as a trend as the effects of the decline in demand following the sales tax hike have been waning on the whole,...

The Chinese cabinet unveiled rules to ease market access for foreign banks in order to open up the domestic financial sector. The State Council reportedly amended its rules in order to remove the requirement that foreign banks should transfer a specific amount of operating funds to its new branch...

South Korea cut its growth forecast on Monday as consumer and investment sentiment in the private sector weakened. The forecast for economic growth in 2015 was downgraded to 3.8 percent from the 4 percent growth projected in July, the Ministry of Strategy and Finance said in its biannual economic...

Taiwan's unemployment rate remained stable in November, data from the Directorate General of Budget Accounting and Statistics, or DGBAS, showed Monday. The unemployment rate came in at a seasonally adjusted 3.87 percent in November, the same as in October. Economists had forecast the jobless rate...

New Zealand consumer confidence declined in the fourth quarter of 2014, the results of a survey by Westpac and McDermottMiller showed Monday. The Westpac McDermott Miller consumer confidence index dropped to 114.8 in the fourth quarter from 116.7 in the third quarter. This marked the lowest reading...

Philippines' balance of payment showed a surplus of $712 million in the third quarter, the Bangko Sentral ng Pilipinas said Friday. This was lower by 42.9 billion from the same period last year. This decline was mainly on account of the net outflows in the financial account, a reversal of the net...

Asia Pacific investors are concerned about geopolitical tension upsetting the regional markets and feel that Abenomics will not deliver markedly higher economic growth for Japan, Fitch Ratings said on Friday, citing results of a survey. The Fitch Ratings' Asia-Pacific fixed income investor survey...

Bank-Of-Japan-121914.jpg The Bank of Japan decided to leave its monetary stimulus unchanged in order to assess the impact of its past massive easing. The unchanged stance came despite falling oil prices posing a threat to the central bank's 2 percent inflation target. The Policy Board of the BoJ on Friday voted 8-1 to maintain the annual pace of increase in the monetary base at about JPY 80 trillion.

A leading index that predicts economic performance in the near term declined less than initially estimated in October, final figures from the Cabinet Office showed Friday. The leading Index dropped to 104.5 in October, upwardly revised from the first estimate of 104.0. This marked the lowest reading...

India's leading index, which measures the future economic activity, increased in November after declining in the previous month, figures from the Conference Board showed Friday. The Conference Board leading index rose 1.2 percent in November, in contrast to a 1.0 percent fall in October. Out of the...

Japan all industry activity dropped slightly in October after recovering in the previous month, figures from the Ministry of Economy, Trade and Industry showed Friday. The all industry activity index fell 0.1 percent month-on-month in October, reversing a revised 1.4 percent gain in September. Economists...

The Bank of Japan announced its decision to leave its monetary policy unchanged in its December meeting on Friday. The bank decided by a 8-1 vote to raise the monetary base at an annual pace of about JPY 80 trillion. Also, the bank lefts its asset purchase policy unchanged. The Bank said that...

China's National Bureau of Statistics revised its 2013 GDP estimate based on results from the latest economic census. The revised GDP for 2013 was CNY 58.8 trillion. This was 3.4 percent more than the CNY 56.8 trillion estimated earlier. The primary industry and the secondary industry accounted...