Global food prices have hit record highs, and could rise even further, according to the United Nations.
The UN’s Food Price Index rose 2.2 percent in February to the highest level since the UN&#…
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Global food prices hit new record
NZ may cut rates by 50 basis points
The Reserve Bank of New Zealand (RBNZ) will cut interest rates by 50 basis points this week and growth will be severely restricted after a devastating earthquake hit the country’s second biggest…
Macau – where China’s workers and super rich go to gamble
The Macau Venetian is the world’s largest casino and the fifth biggest building on the planet. And every time you buy something with a Made in China label, much of the money eventually ends up t…
HK Feb PMI down to 53.7
The HSBC Hong Kong Purchasing Managers Index (PMI) fell to 53.7 in February from 55.2 in January, its lowest reading since last November, HSBC Holdings PLC said Thursday.
Nonetheless, this indicated a…
NZ dollar falls on rate cut talk
The New Zealand dollar fell on speculation the central bank will cut interest rates to help the economy recover from a deadly earthquake.
The Kiwi dollar fell 1 percent to NZD0.73 (USD0.53) again…
Japan, Philippines affirm economic accord
The Philippines and Japan have expressed general satisfaction for the overall achievements under the Japan-Philippines Economic Partnership Agreement (JPEPA) as both sides affirmed their commitment to…
Australian economy falls short of forecasts
The Australian economy grew solidly in the fourth quarter of 2010, bucking the headwinds of rising interest rates, a still fragile global backdrop and devastating floods that inundated the coal-rich s…
Thailand’s inflation eases on state price controls
Thailand’s inflation slowed in February as government subsidies helped counter an increase in food and fuel costs, says the Commerce Ministry.
An index of consumer prices increased 2.87 percent …
Australian trade surplus narrowed in Jan
The Australian trade surplus narrowed in January, the Australian Bureau of Statistics says.
The balance of goods and services was a surplus of AUD1.875 billion (USD1.9b) in January, seasonally adjuste…
Australia’s GDP growth quickens to 0.7pc
Australia’s economic growth accelerated at the end of 2010 as rising commodity prices spurred new investment and improved the country’s trade balance.
The economy grew 0.7 percent in the f…