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IMF-090315.jpg The International Monetary Fund said strong mutual policy action is needed to lift growth, as transition in China and lower commodity prices pose downside risks to global economic outlook. "Risks are tilted to the downside, and a simultaneous realization of some of these risks would imply a much weaker outlook," the lender said in a note prepared ahead of the G-20 finance ministers meeting.

Singapore's private sector activity picked up a bit of steam in August, the latest survey from Nikkei revealed on Thursday, with a PMI score of 50.8. That's up from 50.2, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Among the individual components...

trade.jpg Australia posted a seasonally adjusted merchandise trade deficit of A$2.46 billion in July, the Australian Bureau of Statistics said on Thursday - marking a 19 percent monthly gain. The headline figure topped expectations for a deficit of A$3.16 billion following the A$3.05 billion shortfall in the...

The services sector in Japan continued to expand in August, and at a faster pace, the latest survey from Nikkei showed on Thursday with a PMI score of 53.7. That's up from 51.2 in July, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction. Among the individual...

Australia had a seasonally adjusted merchandise trade deficit of A$2.46 billion in July, the Australian Bureau of Statistics said on Thursday. That topped expectations for a deficit of A$3.16 billion following the A$3.05 billion shortfall in the previous month. Exports were up 2.0 percent on month...

The total value of retail sales in Australia was down a seasonally adjusted 0.1 percent on month in July, the Australian Bureau of Statistics said on Thursday - coming in at A$24.311 billion. That was well shy of forecasts for an increase of 0.4 percent following the downwardly revised 0.6 percent...

NewZealandcpi-071510.jpg The total value of all building work in New Zealand climbed a seasonally adjusted 1.6 percent on quarter in the second quarter of 2015, Statistics New Zealand said on Thursday - coming in at NZ$4.061 billion. The headline figure topped expectations for an increase of 0.5 percent following the upwardly...

The total value of all building work in New Zealand was up a seasonally adjusted 1.6 percent on quarter in the second quarter of 2015, Statistics New Zealand said on Thursday. That topped expectations for an increase of 0.5 percent following the 1.5 percent jump in the first quarter. The value...

In another sign that the jobs market is improving, the Federal Reserve's Beige Book has reported increased wage pressures in a number of districts around the U.S. "Several" of the 12 district banks "reported increasing wage pressures caused by labor market tightening," according to the Beige Book,...

Factoryorders-090215.jpg Partly reflecting a decrease in orders for non-durable goods, the Commerce Department released a report on Wednesday showing that new orders for U.S. manufactured goods rose much less than expected in the month of July.

nonfarmproductivity-090215.jpg Labor productivity in the U.S. jumped by much more than previously estimated in the second quarter, the Labor Department revealed in a report on Wednesday. The report said labor productivity surged up by 3.3 percent in the second quarter.

ADPdata-090215.jpg Employment in the U.S. private sector saw a notable increase in the month of August, according to a report released by payroll processor ADP on Wednesday, although the pace of job growth fell short of economist estimates.

UKconstruction-090215.jpg British construction sector sustained its robust growth in August, albeit at a slower pace, with continued boost from the housing sector and new impetus from the commercial sector. The seasonally adjusted Markit/CIPS UK Construction Purchasing Managers' Index rose to 57.3 from 57.1 in July, survey results from the Chartered Institute of Procurement and Supply and Markit Economics revealed.

Lagarde-090215.jpg Recent volatility in global financial markets demonstrated how much Asia is at the core of the global economy and there is reason for continued confidence in the region as the region's governments fully understand from past experience how to tackle such problems, International Monetary Fund Managing Director Christine Lagarde said Wednesday.

trade.jpg Australia's gross domestic product gained a seasonally adjusted 2.0 percent on year in the second quarter or 2015, the Australian Bureau of Statistics said on Wednesday. That was shy of forecasts for an increase of 2.2 percent and down from 2.3 percent in the first quarter. On a quarterly basis,...

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