The Philippine economy grew more-than-expected in the second quarter on strong support from foreign demand, figures from the National Statistical Coordination Board showed Thursday. Gross domestic product for the second quarter advanced 6.4 percent year-on-year, exceeding economists' expectation for 6.1 percent growth. This followed by a revised 5.6 percent rise seen in the first quarter.
South Korea posted an unadjusted current account surplus of $7.91 billion in July, the Bank of Korea said on Thursday - remaining in the black for the 29th consecutive month.
The headline figure is little changed from June's surplus of $7.92 billion.
The goods account surplus widened to $6.86...
The dollar consolidated its strong recent gains against major rivals in quiet dealing Wednesday following another round of weak economic news from Europe.
Downbeat German consumer sentiment data raised expectations of monetary stimulus from the European Central Bank.
While Europe is in danger of...
German consumer sentiment is set to weaken in September for the first time since early 2013 as intensified geopolitical tensions are likely to shift the economy into lower gears. The forward-looking consumer confidence index fell to 8.6 from a revised score of 8.9 in August, a survey by the market research group GfK, based on responses from 2,000 households, showed Wednesday.
Food prices in New Zealand dipped 0.7 percent on month in July, Statistics New Zealand said on Wednesday.
That was well shy of forecasts for an increase of 0.7 percent and down sharply from the 1.4 percent gain in June. Prices also were up 0.6 percent in May.
"There were lower prices for meat in...
New Zealand posted a merchandise trade deficit of NZS692 million in July, Statistics New Zealand said on Tuesday - or 19 percent of exports.
That missed forecasts for a shortfall of NZD475 million following the NZD247 million surplus in June.
Exports were down 3.3 percent on year to NZD3.70 billion,...
The dollar extended its yearly highs versus the euro on Monday as traders continued to weigh comments from the world's top central bankers at last week's Jackson Hole symposium.
European Central Bank President Mario Draghi said the ECB would carry out quantitative easing unless inflation picks up.
Sales of new single-family homes fell 2.4 percent in July from June to a seasonally adjusted annual rate of 412,000, the Commerce Department said Monday.
It was the slowest pace of new home sales in four months, as demand was relatively weaker in all regions except the South.
German business sentiment weakened for the fourth consecutive month to the lowest level in a year in August, as the escalating crisis in Ukraine and the resultant sanctions against Russia pose downside risks to the economic activity. The Ifo business climate index fell to 106.3 in August, the lowest since July 2013, from 108 a month ago, a monthly survey conducted by the Ifo institute showed.
The dollar continued to rally versus the euro on Friday, hitting fresh 11-month highs after Fed Chair Janet Yellen's remarks at Jackson Hole were construed as uncharacteristically hawkish.
Yellen said an increase in rates could come sooner than expected if the progress on inflation and the labor market...
The dollar was mixed against other major currencies on Thursday, holding near its highest in almost a year versus the euro.
Traders were moving the sidelines ahead of a pair of crucial speeches from the Federal Reserve's annual get-together in Jackson Hole, Wyoming.
In the wake of Fed minutes showing...
Suggesting that the economy is gaining traction, the Conference Board released a report on Thursday showing a bigger than expected increase by its index of leading U.S. economic indicators in July.
Results of a survey released by the Federal Reserve Bank of Philadelphia on Thursday showed that regional manufacturing activity unexpectedly grew at an accelerated rate in the month of August, with the index of activity in the sector reaching a three-year high.
Existing home sales in U.S. unexpectedly rose to a ten-month high in the month of July, according to a report released by the National Association of Realtors on Thursday. NAR said existing home sales climbed to a seasonally adjusted annual rate of 5.15 million in July from a downwardly revised 5.03 million in June.
Initial jobless claims in the U.S. fell by slightly more than expected in the week ended August 16th, according to a report released by the Labor Department on Thursday. The Labor Department said jobless claims dropped to 298,000, a decrease of 14,000 from the previous week's revised level of 312,000.