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South-Korea-Flag-072414.jpg South Korea announced a $11.4 billion stimulus plan to stimulate the economy, which logged its slowest growth in more than a year on weak private spending. The finance ministry announced policy financing support for small businesses and to boost household income. The ministry increased the lending ceiling for businesses to $15 billion from $10 billion.

NZD-USD-072414.jpg The New Zealand dollar tumbled against the other major currencies in Asian deals on Thursday, as Reserve Bank of New Zealand governor Graeme Wheeler warned that the level of the domestic currency cannot be justified and "there is potential for a significant fall." The central bank decided to raise the...

china1-230913.jpg China's manufacturing activity grew at the quickest pace in eighteen months in July, exceeding economists' expectations, results of a preliminary survey by Markit Economics and HSBC Bank showed Thursday. The HSBC flash China manufacturing purchasing managers' index climbed to 52.0 in July from 50.7...

japanindustry-032910.jpg The expansion in Japan's manufacturing sector slowed slightly in July, Markit Economics said in Thursday's preliminary PMI reading - which came in with a score of 50.8. That was shy of forecasts for 52.0, and it was down from 51.5 in June. A reading above 50 indicates expansion in a sector, while...

japanexports-112510.jpg Japan posted a merchandise trade deficit of822.2 billion yen in June, the Ministry of Finance said on Thursday - remaining in the red for a record 24th straight month. That missed forecasts for a shortfall of 642.9 billion yen following the 910.8 billion yen deficit in May. Exports were down 2.0...

skgdp-042610.jpg South Korea's gross domestic product expanded 3.6 percent on year in the second quarter of 2014, the Bank of Korea said in Thursday's preliminary estimate. That beat forecasts for an increase of 3.3 percent, although it slowed from the 3.9 percent gain in the first quarter. On a seasonally adjusted...

NZtradebalance-082910.jpg New Zealand posted a merchandise trade surplus of NZ$247 million in June, Statistics New Zealand said on Thursday - representing 5.9 percent of exports. That beat expectations for a surplus of NZ$100 million following the downwardly revised surplus of NZ$270 million in May (originally NZ$285 million). Exports...

NewZealandcpi-071510.jpg The Reserve Bank of New Zealand on Thursday hiked its Official Cash Rate by 25 basis points, from 3.25 percent to 3.50 percent. The decision was in line with expectations, and it marked the fourth straight meeting in which the RBNZ has hiked the OCR. It followed 24 straight meetings in which the...

The dollar sustained its recent advance versus the euro on Wednesday, holding near an 8-month peak on a day bereft of first-tier economic news. Geopolitical issues have put a premium on the safe haven dollar and yen this week, even as global equities continued to rise. The dollar touched $1.3460...

BoE-Carney-072314.jpg Bank of England Governor Mark Carney said on Wednesday that interest rate will have to start rising to maintain price stability as the economy normalizes. "As the economy normalizes, Bank Rate will need to start to rise in order to achieve the inflation target," Carney said in a speech in Glasgow, Scotland.

SpanishFlag-072314.jpg The Bank of Spain on Wednesday boosted its growth projections for Spain this year and the next after the economy grew at a faster rate in the second quarter. In its monthly economic bulletin, the bank raised the growth forecast for this year to 1.3 percent from the 1.2 percent seen previously. The projection for the next year was lifted to 2 percent from 1.7 percent.

BoE-072314.jpg Bank of England policymakers unanimously decided to maintain the key interest rate and quantitative easing at the meeting held on July 9 and 10, but signaled the possibility of a rate hike late this year as growth became more established.

aud-usd-071314.jpg The Australian dollar strengthened against the other major currencies in the Asian session on Wednesday after data showed that the nation's consumer prices improved in line with economists expectations in the second quarter. The Australian Bureau of Statistics said that consumer prices in Australia...

retail-090312.jpg Consumer prices in Australia climbed 3.0 percent on year in the second quarter of 2014, the Australian Bureau of Statistics said on Wednesday. That was in line with expectations and up from 2.9 percent in the first quarter. Among the individual components of the survey, prices for alcohol and tobacco...

The dollar rose to its highest in eight months versus the euro on Tuesday as official data showed U.S. inflation continues to pick up. the Labor Departement said consumer prices rose a seasonally adjusted 0.3 percent in June on higher gasoline prices, after rising 0.4 percent in May. That was in line...