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November 26, 2009

European Economics Preview: UK’s CBI Distributive Trade Survey Results Due

Filed under: Economic News — admin @ 3:28 am

Thursday, UK’s Distributive Trade survey results and Eurozone money supply details are expected to dominate the scene.

Singapore October Industrial Production Rises On Year

Filed under: Economic News — admin @ 3:28 am

Industrial production in Singapore grew 3.6% year-on-year in October, rebounding from the upwardly revised 6.3% decrease in the previous month, the Economic Development Board reported on Thursday. Economists had expected industrial output to rise 7.5%. Excluding the biomedical manufacturing sector, output climbed 4.3%.

Indonesian Banks Sign Trade Finance Agreements With ADB

Filed under: Economic News — admin @ 3:28 am

Two Indonesian banks have signed trade financing agreements with the Asian Development Bank as part of the latter’s Trade Finance Facilitation Program (TFFP), the Manila based lender announced on Wednesday.

Hungarian Central Bank Revises Down Inflation Forecast

Filed under: Economic News — admin @ 3:28 am

The annual average inflation rate is expected to stand at 4.2% this year, compared to 6.1% in the previous year, the National Bank of Hungary said in its quarterly inflation report on Wednesday. The central bank had projected a 4.5% inflation rate in its previous report.

BoJ Minutes: Global Financial Markets Face Continued Uncertainty

Filed under: Economic News — admin @ 3:28 am

The Bank of Japan’s board members said that the global financial markets remain at risk amidst uncertain conditions, minutes from the October 30 monetary policy meeting revealed on Thursday.

Philippines GDP Growth Slows In Q3

Filed under: Economic News — admin @ 3:28 am

Philippines’ gross domestic product expanded a seasonally adjusted 1% sequentially in the third quarter, slower than the downwardly revised 1.7% growth in the second quarter, the National Statistical Coordination Board reported on Thursday. Economists had expected a 1.3% increase.

Australia Q3 Capital Expenditure Falls Unexpectedly

Filed under: Economic News — admin @ 3:28 am

New capital spending by private businesses in Australia decreased a seasonally adjusted 3.9% quarter-on-quarter to A$26.55 billion in the third quarter, after rising a revised 2.1% in the second quarter, the Australian Bureau of Statistics reported on Thursday. Economists had expected capital expenditure to rise 1%.

BoJ Minutes: Uncertainty Remains For Global Financial Markets

Filed under: Economic News — admin @ 3:28 am

The Bank of Japan’s board members believe that the global financial markets remain at risk amidst uncertain conditions, minutes from the October 30 monetary policy meeting revealed on Thursday.

Bank Of Japan Minutes On Tap For Thursday

Filed under: Economic News — admin @ 3:28 am

The Bank of Japan is scheduled to release the minutes from its monetary policy meeting on November 26, headlining a modest day for Asian economic news. At the meeting, the bank continued to hold interest rates at the record low of 0.10 percent.

New Home Sales Show Much Stronger Than Expected Growth In October

Filed under: Economic News — admin @ 3:28 am

New home sales increased by much more than expected in the month of October, according to a report released by the Commerce Department on Wednesday, with the report also showing an increase in sales compared to the same month a year ago. The report showed that new home sales rose 6.2 percent to an annual rate of 430,000 in October from the revised September rate of 405,000. Economists had expected sales to edge up to 404,000 from the 402,000 originally reported for the previous month.

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