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The services sector in Australia expanded at an accelerated pace in July, the latest survey from the Australian Industry Group said on Wednesday, with a Performance of Services Index score of 54.1. That's a 17-month high for the index, which jumped from 51.2 in June. It also moves further above the...

NewZealandcpi-071510.jpg The unemployment rate in New Zealand ticked up to 5.9 percent in the second quarter of 2015, Statistics New Zealand said on Wednesday. That was in line with forecasts and up from 5.8 percent in the three months prior. "Even though employment grew over the quarter, population growth was greater,...

The unemployment rate in New Zealand came in at 5.9 percent in the second quarter of 2015, Statistics New Zealand said on Wednesday. That was in line with forecasts and up from 5.8 percent in the three months prior. The employment change was 3.0 percent on year - shy of forecasts for 3.4 percent...

New Zealand will on Wednesday release unemployment data for the second quarter for 2015, highlighting a busy day for Asia-Pacific economic activity. The jobless rate is expected to rise to 5.9 percent from 5.8 percent in the three months prior, while the participation rate is tipped to hold steady...

The UAE's non-oil private sector expanded at a faster pace in July, driven by sharp rises in both output and new orders, the results of a survey by Emirates NBD and Markit Economics showed Tuesday. The seasonally adjusted Emirates NBD UAE Purchasing Managers' Index, or PMI, rose to 55.8 in July from...

rbirate-080415.jpg The Reserve Bank of India decided to leave its key interest rates unchanged on Tuesday as it awaits greater transmission of the effects of the previous three rate reductions into the economy. The Reserve Bank of India, governed by Raghuram Rajan, maintained its repo rate at 7.25 percent and the reverse repo rate at 6.25 percent.

Egypt's non-oil private sector contracted in July, as output, new orders and employment dropped, survey figures from Emirates NBD and Markit Economics showed Tuesday. The seasonally adjusted Emirates NBD Egypt Purchasing Managers' Index, or PMI, fell to 49.2 in July from 50.2 in the previous month. Any...

Saudi Arabia's non-oil private sector expanded at a quicker pace in July, reaching the highest in three months, due to faster growth in output and new orders, data from a survey conducted jointly by Markit Economics and Emirates NBD showed Tuesday. The headline seasonally adjusted Emirates NBD purchasing...

Despite July's manufacturing data pointing to weak global growth, Capital Economics expects the global economic growth to hold up fairly well over the rest of the year as China's growth pace stabilizes and the United States' economy accelerates. The firm noted that the world economy began the third...

India's central bank decided to leave its key rates unchanged on Tuesday after reducing it by a quarter point in June. The Reserve Bank of India, governed by Raghuram Rajan, maintained its repo rate at 7.25 percent and the reverse repo rate at 6.25 percent. The repo rate is the rate at which the...

australiarate-080415.jpg Policymakers of the Reserve Bank of Australia judged it appropriate to maintain the key interest rate at a record low for the third straight meeting. The policy board governed by Glenn Stevens decided on Tuesday to leave the cash rate at 2.00 percent. The bank had lowered the rates by 25 basis points each in February and May.

The Reserve Bank of Australia maintained its key interest rate at a record low on Tuesday as widely expected by economists. The policy board governed by Glenn Stevens decided to leave the cash rate at 2.00 percent. The bank lowered the rates by 25 basis points each in February and May. The board...

House prices in New Zealand increased at the fastest pace in seven years in July, figures from Quotable Value, QV, showed Tuesday. The QV Residential Price Movement index grew 10.1 percent year-over-year in July, marking the fastest annual rate since 2007. After adjusting for inflation, nationwide...

Total labor cash earnings in Japan dropped for the first time in seven months in June, a preliminary report from the Ministry of Health, Labor and Welfare showed Tuesday. Total earnings fell 2.4 percent year-over-year to JPY 425,727 in June. The labor cash earnings growth for May was revised to 0.7...

New Zealand's commodity prices fell for the fourth successive month in July to the lowest since October 2009 and the largest monthly drop ever in the series, the results of survey by ANZ showed Tuesday. The ANZ commodity price index dropped 11.2 percent month-over-month in July, following a 3.1 percent...

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