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bankofkorea-july18.jpg The Bank of Korea lowered its key interest rate for the first time since 2016, citing ongoing weakness in exports amid trade disputes. The Monetary Policy Board decided to cut the base rate unexpectedly by 25 basis points to 1.50 percent, the bank said in a statement on Thursday. The bank had earlier lifted its rate by a quarter-point in November 2018.

unemployment-021010.jpg The jobless rate in Australia came in at a seasonally adjusted 5.2 percent in June, the Australian Bureau of Statistics said on Thursday - unchanged and in line with expectations. The Australian economy added 500 jobs last month to 12,871,700 - well shy of expectations for an increase of 9,000 jobs...

The unemployment rate in Australia came in at a seasonally adjusted 5.2 percent in June, the Australian Bureau of Statistics said on Thursday - unchanged and in line with expectations. The Australian economy added 500 jobs last month - well shy of expectations for an increase of 9,000 jobs following...

Japan posted a merchandise trade surplus of 589.5 billion yen in June, the Ministry of Finance said on Thursday. That exceeded expectations for a surplus of 403.5 billion yen following the 968.3 billion yen deficit of May. Exports were down 6.7 percent on year, missing forecasts for a drop of 5.4...

Australia is set to release June unemployment figures on Thursday, highlighting a busy day in Asia-Pacific economic activity. The jobless rate is expected to hold steady at 5.2 percent, with the addition of 9,000 jobs following the increase of 42,300 jobs in May. The participation rate is called steady...

Australia's leading index improved in June but remained consistently negative, data from Westpac showed on Wednesday. The Westpac- Melbourne Institute Leading Index that indicates likely pace of economic activity over the next nine months, rose to -0.02 percent in June from -0.47 percent in May. The...

singaporetrade-july17.jpg Singapore's exports declined sharply at a faster-than-expected pace in June as trade disputes weighed heavily on both electronics and non-electronics shipments, data from Enterprise Singapore showed Wednesday. Non-oil domestic exports declined 17.3 percent year-on-year in June, after decreasing 16.3 percent in May. Exports were forecast to fall moderately by 9.6 percent.

Fitch Ratings retained Japan's sovereign ratings at 'A' with a 'stable' outlook on Wednesday. The agency said the "…ratings balance the strengths of an advanced and wealthy economy, with high governance standards and strong public institutions, against weak medium-term growth prospects and high public...

Australia will on Wednesday see June results for the leading economic index from Westpac Bank, headlining a light day for Asia-Pacific economic activity. In May, the index fell 0.1 percent on month. Singapore is scheduled to release June figures for imports, exports and trade balance. In May, imports...

India's trade gap narrowed in June despite a fall in exports, data from the Ministry of Commerce and Industry showed Monday. Exports declined 9.71 percent year-on-year in June. This was the first contraction in nine months and slower than the expected fall of 8.7 percent. Largely reflecting lower...

singaporemerlion-july16.jpg The International Monetary Fund lowered Singapore's growth outlook for 2019 citing weak foreign demand amid trade disputes. Concluding the Article IV consultation with Singapore, the Executive Board of the IMF said growth is set to slow to 2 percent this year, which also weaker than the 2.3 percent projected in May. Growth is expected to improve to 2.3 percent in 2020.

reservebankofaustralia-nov06_15jul19.jpg The Reserve Bank of Australia said policymakers will continue monitoring the labor market closely and expressed willingness to adjust policy further if required. According to the minutes of the meeting held on July 2, the board observed that the lower interest rates would provide more Australians with jobs and helps in achieving the inflation target.

newzealandcpi-071510.jpg Consumer prices in New Zealand advanced 0.6 percent on quarter in the second quarter of 2019, Statistics New Zealand said on Tuesday. That was in line with expectations and up from 0.1 percent in the previous three months. Housing and household utilities rose 0.7 percent on quarter, influenced...

Consumer prices in New Zealand were up 0.6 percent on quarter in the second quarter of 2019, Statistics New Zealand said on Tuesday. That was in line with expectations and up from 0.1 percent in the previous three months. Housing and household utilities rose 0.7 percent on quarter, influenced by...

The Reserve Bank of Australia will on Tuesday release the minutes from its monetary policy meeting on July 2, highlighting a light day for Asia-Pacific economic activity. At the meeting, the RBA cut its benchmark lending rate to a record 1.00 percent from 1.25 percent to address slowing growth and...

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