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India's Chief Economic Advisor Arvind Subramanian said global rating agencies should upgrade the sovereign ratings of the country. After the Reserve Bank of India cut its key rates early Wednesday, the economic adviser said, "If the outlook is looking good, the rating agencies should draw their lessons...

Taiwan's industrial production growth accelerated in January, data from the Ministry of Economic Affairs showed Wednesday. Industrial production advanced 8.14 percent year-on-year in January, following a revised 7.76 percent rise in December. This was the fastest growth in three months and almost...

Malaysia's economic growth is expected to moderate in 2015 and fiscal consolidation is well timed and remains on track, the International Monetary Fund said in a report. Growth is forecast to moderate to 4.8 percent in 2015 from an estimated 5.9 percent last year. Strong investment momentum should...

RBI-Raghuram-030415.jpg India's central bank reduced its key interest rates by a quarter point at an unscheduled meeting on Wednesday after the budget affirmed the government's commitment on fiscal consolidation. The Reserve Bank of India governed by Raghuram Rajan decided to cut its repo rate by 25 basis points to 7.50 percent with immediate effect. Consequently, the reverse repo rate was adjusted to 6.50 percent.

Corrects the composite PMI reading for January in the second paragraph India's private sector activity expanded for the tenth consecutive month in February, survey figures from Markit Economics and HSBC showed Wednesday. The HSBC Composite Purchasing Managers' Index rose to 53.5 in February from...

Hong Kong's private sector activity expanded at the fastest pace in one year in February, following a marginal deterioration in the previous month, results of a survey by Markit Economics and HSBC Bank showed Wednesday. The HSBC purchasing managers' index, or PMI, for the private sector, rose to 50.7...

China's service sector expansion accelerated slightly in February, led by solid rise in new work, the results of a survey by Markit Economics and HSBC showed Wednesday. The services business activity index rose slightly to 52.0 in February from January's six- month low of 51.8. Any reading above 50...

India's central bank reduced its key interest rates unexpectedly by a quarter point on Wednesday. The Reserve Bank of India decided to cut its repo rate by 25 basis points to 7.50 percent with immediate effect. Consequently, the reverse repo rate was adjusted to 6.50 percent. The bank last reduced...

Japan's service sector contracted in February after expanding in the previous month, results of a survey by Markit Economics showed Wednesday. The services purchasing managers' index, or PMI, fell to 48.5 in February from 51.3 in January. This marked a moderate rate of decline in service sector activity. A...

Australia-flag-240912_03Mar15.jpg Australia's GDP grew at a faster rate in the fourth quarter, but growth was slower than expected, the Australian Bureau of Statistics said on Wednesday. The economy advanced 0.5 percent quarter-over-quarter in the fourth quarter after the 0.4 percent rise in the third quarter. Economists expected...

Australia's GDP grew at a faster rate in the fourth quarter, but growth was slower than expected, the Australian Bureau of Statistics said on Wednesday. The economy advanced 0.5 percent quarter-over-quarter in the fourth quarter after the 0.4 percent rise in the third quarter. Economists expected...

The service sector in Australia moved into expansion in February, the latest survey from the Australian Industry Group revealed on Wednesday with a Performance of Service Index score of 51.7. That's up firmly from the 49.9 reading in January, and it moves above the boom-or-bust line of 50 that separates...

Australia will on Wednesday release gross domestic product numbers for the fourth quarter of 2014, highlighting a busy day for Asia-Pacific economic activity. GDP is expected to add 0.7 percent on quarter and 2.5 percent on year following the 0.3 percent quarterly increase and the 2.7 percent yearly...

RBA-030315.jpg Australia's central bank is set to lower interest rates as early as April or May, economists said after the bank resisted calls for back-to-back easing by maintaining status quo on Tuesday. "At today's meeting the Board judged that, having eased monetary policy at the previous meeting, it was appropriate to hold interest rates steady for the time being," Reserve Bank of Australia said.

Consumer price inflation in the developed economies eased for the third straight month in January to its lowest level in more than five years, dragged down by further decline in energy prices, figures from the Organization for Economic Cooperation and Development, or OECD, revealed Tuesday. The consumer...

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