In the wake of Japan’s cascading disasters, signs of economic loss can be found in many corners of the globe, from Sendai, on the battered Japanese coast, to Paris to Marion, Ark.
Uncertainty ha…
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Crises in Japan ripple across global economy
China forecast to expand 9pc
The World Bank has raised its forecast for China’s 2011 economic growth rate to 9 percent from 8.5 percent. It also said that the earthquake and tsunami’s influence on the Japanese economy…
Cocooning consumers hit Australian retailers
Rising petrol prices, higher school fees, no wonder consumers have retreated to the safety of their homes and stopped spending. They have decided to save and cut their credit card bills.
Myer chi…
Thailand Feb exports surge 31pc to USD18.87b
The value of Thailand’s exports in February reached a monthly record of USD18.87 billion, up 31 percent from a year earlier, signalling that full-year growth could exceed the government’s …
Australia’s merchandise imports climb 6pc
Merchandise imports rose 6 percent, or AUD1.010 billion in February, to AUD18.032b (USD18.09b), seasonally adjusted, Australian Bureau of Statistics (ABS) figures show.
Unadjusted, merchandise imports…
Shanghai posts faster rise in inflation
Consumer prices in Shanghai grew faster in February but still lower than the national average, the Shanghai Statistics Bureau said on 14 March.
The Consumer Price Index, the main gauge of inflation, w…
HK to benefit from China’s new Five-Year Plan
China’s 12th Five-Year Programme should benefit Hong Kong companies, according to the Hong Kong Trade Development Council (HKTDC).
The ambitious development plan, which was passed at this month&…
G7 countries agree on intervention to control yen rise
Finance ministers from the G7 group of the world’s richest nations have agreed to step into currency markets in a bid to control volatility in Japan’s yen.
Last week, the yen hit its …
Japan heading back into recession, strong yen weighs
Japan’s economy seems to be in a state of almost suspended animation as its nuclear crisis shows no sign of ending, sorely testing analysts’ hopes for a swift rebound led by reconstruction…
HK to feel disasters’ financial punch
The fallout on the Hong Kong economy from the disasters in Japan will be greatest in the next three to six months, according to the Hong Kong Trade Development Council’s chief economist.
Japan i…