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peoplesbankofchina-112114.jpg China's central bank on Friday unexpectedly cut its key interest rates for the first time in more than two years in a bid to boost sagging growth momentum. The People's Bank of China reduced the one-year lending rate by 40 basis points to 5.6 percent. The one-year deposit rate was cut by 25 basis points to 2.75 percent.

China's central bank on Friday unexpectedly cut its key interest rates for the first time in more than two years in a bid to boost growth momentum. The People's Bank of China reduced the one-year lending rate by 40 basis points to 5.60 percent and the one-year deposit rate was cut by 25 basis points...

Moody's Investors Service said outlook for the Philippine banking system remains positive over the next 12-18 months. The outlook reflects the agency's expectation that robust economic growth and low banking-sector penetration will continue to support sustainable credit growth, Moody's said Friday. "The...

Malaysia's consumer prices rose less than expected in October despite a notable increase in transportation cost, official data revealed Friday. Consumer prices rose 2.8 percent in October from last year, the Department of Statistics said. Inflation was forecast to accelerate to 3 percent from 2.6...

Japan's finance minister Taro Aso said on Friday in a speech that the country's currency has been weakening too fast over the past week. He said that sudden changes, whether up or down, are not welcome. However, he maintained his earlier stance, dismissing the need for the government to intervene. He...

The decline in mining investment in the near term from its peak is set to be a significant drag on economic growth, Reserve Bank of Australia's Head of Economic Analysis Department Alexandra Heath said in a speech on Friday. However, some uncertainty around how fast and how far mining investment will...

New Zealand's credit card spending rose at a faster rate in October, figures from the Reserve Bank of New Zealand showed Friday. Credit card billing grew 1.3 percent month-over-month in October after the 0.2 percent rise in September. Domestic billing climbed 1.1 percent and overseas spending rose...

Malaysia will provide consumer price data for October, highlighting a light day for Asia-Pacific economic activity. Analysts are expecting an increase of 0.7 percent on month and 3.0 percent on year - up from the 0.2 percent monthly increase and the 2.6 percent yearly gain in September. New Zealand...

Hong Kong's consumer price inflation eased less-than-expected in October, figures from the Census and Statistics Department showed Thursday. The consumer price index rose 5.2 percent year-on-year following a 6.6 percent climb in September. Economists had forecast a 4 percent increase. The larger...

Taiwan exports orders in October grew more-than-expected from a year ago, figures from the Ministry of Economic Affairs showed Thursday. Exports orders in U.S. dollars increased 13.4 percent year-on-year, which was much faster than economists' forecast for 9.4 percent growth. In September, orders...

Singapore's wholesale sales increased in the third quarter of the year, data released by the Department of Statistics revealed Thursday. Domestic wholesale sales, at current prices, rose by a seasonally adjusted 0.4 percent in the three month period to September. In the second quarter, sales had declined...

The Japan economy is expected to continue its moderate recovery trend, the Bank of Japan said in its Monthly Report of Recent Economic and Financial Developments on Thursday. Driven by the recovery in overseas economies, exports are expected to head for a moderate increase. Public investment is expected...

Japan supermarket sales continued to decline in October, a report from the Chain Store Association showed Thursday. Supermarket sales after adjustment fell by a seasonally adjusted 1.9 percent year-on-year in October after decreasing 1 percent in September. Before store adjustment, sales grew 0.5...

New Zealand Finance Minister Bill English said returning to surplus this year will be a challenge but the strength of the economy and constrained government spending can deliver surplus when the final accounts are released late next year. "The Government has a track record of sticking to our spending...

New Zealand job ads declined in October after rising for two consecutive months, the results of a survey by ANZ showed Thursday. Total job ads fell by a seasonally adjusted 0.3 percent month-over-month in October following the 2.3 percent growth in September. Internet ads dropped 0.1 percent in...