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Taiwan's unemployment rate dropped unexpectedly in August, though marginally, data from the Directorate General of Budget Accounting and Statistics, or DGBAS, showed Friday. The seasonally adjusted jobless rate dropped to 3.76 percent in August from 3.78 percent in July. Meanwhile, economists had...

Taiwan's industrial production expanded for the fourth straight month in August, and at a faster-than-expected pace, preliminary data from the Ministry of Economic Affairs showed Friday. Industrial production climbed 3.25 percent year-over-year in August, faster than the 2.08 percent rise in July....

S&P Global Ratings lowered its sovereign rating on Hong Kong citing spillover risks after lowering the ratings on China. Hong Kong's rating was downgraded to 'AA+' from 'AAA'. The outlook was stable. S&P said Hong Kong has very strong institutional and political linkages with China. The latest...

China-Rating-092117.jpg S&P Global Ratings downgraded China's sovereign ratings citing higher economic and financial risks after a prolonged period of strong credit growth. The sovereign rating was lowered to A+ from AA-, S&P said in a statement on Thursday. The outlook on the long-term rating was stable.

Hong Kong's current account surplus grew in the three months ended June, mainly due to an increase in the net inflow of primary income, figures from the Census and Statistics Department showed Thursday. The current account surplus rose to HK$16.4 billion in the second quarter from HK$15.0 billion...

The Philippines' central bank on Thursday decided to maintain its key interest rate at a record low. The monetary board of Bangko Sentral ng Pilipinas, governed by Nestor Espenilla, held the overnight reverse repurchase facility at 3.0 percent, in line with economists' expectations. The rates on...

Taiwan central bank left its key interest rate unchanged on Thursday, as widely expected, for the fifth consecutive quarterly meeting. The central bank kept the discount rate at 1.375 percent. Policymakers assessed that maintaining policy rates would help the economy to recover and maintain financial...

Hong Kong's consumer price inflation eased slightly in August, figures from the Census and Statistics Department showed Thursday. The consumer price index climbed 1.9 percent year-over-year in August, just below the 2.0 percent increase in July. The measure has been rising since March. The underlying...

S&P Global Ratings downgraded China's sovereign ratings citing higher economic and financial risks emanating from prolonged period of strong credit growth. The sovereign rating was lowered to A+ from AA-, the agency said Thursday. The outlook on the long-term rating was stable. The rating agency...

Australia's economy does look to be improving, Reserve Bank of Australia Governor Philip Lowe said Thursday. As the economy is forecast to grow around 3 percent over the next couple of years, faster than current estimate, the unemployment rate is likely to see a gradual decline, the banker said....

Japan's supermarket sales declined in August from a year ago, a report from the Chain Store Association showed Thursday. Supermarket sales, after store adjustment, fell 0.5 percent year-over-year in August. Before adjustment, sales decreased 0.6 percent. On a monthly basis, supermarket sales dropped...

BOJ-092117.jpg The Bank of Japan maintained its monetary stimulus but a new member voted against the decision, as he demanded more easing, on Thursday. The BoJ policy board, led by Governor Haruhiko Kuroda, voted 8-1 to hold the central bank's target of raising the amount of outstanding Japan government bond holdings at an annual pace of about JPY 80 trillion.

Japan's all industry activity decreased slightly in July, after rebounding in the previous month, data from the Ministry of Economy, Trade and Industry showed Thursday. The all industry activity index dropped 0.1 percent month-on-month in July, reversing a 0.2 percent rise in June. The figure also...

Total credit card spending in New Zealand decreased for the first time in six months in August, data from the Reserve Bank of New Zealand showed Thursday. Credit card spending fell 0.7 percent month-over-month in August, reversing 0.8 rise in the previous month. Domestic billings dropped 0.1 percent...

The Bank of Japan kept its monetary stimulus unchanged as widely expected on Thursday. Governor Haruhiko Kuroda and his board members decided by an 8-1 majority vote to hold its target of raising the amount of outstanding JGB holdings at an annual pace of about JPY 80 trillion. The bank will purchase...

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