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Business

Economic recovery – green shoots or false spring?

A renewed sense of optimism seems to have emerged amid the prevailing global economic uncertainties after some economic data released over the past two weeks showed some improvements.

Business

No urgency for China to launch new fiscal stimulus

It is still too early to say the Chinese economy has touched bottom, but the government is also in no urgent need to launch any new fiscal stimulus policies, a leading government economist tells i>Reuters/i>.

Business

Mixed views on further interest rate cuts

Economists are mixed in their views on whether the benchmark interest rates should be reduced further against the backdrop of more economic downside risks.

Business

Index signals China’s economy still steady

MOST economic indicators are backward-looking or at best coincident in nature.

Business

Worst month in 12 years for Euro zone manufacturers

Euro zone manufacturers had their worst month in at least 12 years in February as a recession showed no signs of easing and they slashed jobs, a private sector business survey showed yesterday.

Business

China's economy may expand 6.6%, thanks to stimulus package

CHINA's economy is showing signs that a four trillion yuan (US$585bil) stimulus package is taking effect.

Business

Chinese manufacturing data showed uptrend in January

Manufacturing data from China yesterday suggested its downturn may be bottoming out, but plunging US auto sales underscored the depth of the recession in the world's biggest economy.

Business

British makers report near-record January weakness

British manufacturers reported some of the weakest conditions ever in January when they cut jobs at a record pace, monthly purchasing managers index data showed on Monday.

Business

Aussie house prices fall 3% in in fourth quarter

Australian house prices fell last year as tightening credit conditions and a sharp downturn in the economy put paid to the double-digit growth enjoyed in 2007, dealing a further blow to household wealth and pointing towards more rate cuts.

Business

Report: Wen says China considering new stimulus

BEIJING (AP) - China is considering new steps to boost cooling growth, its top economic official said in comments published Monday, as new data showed manufacturing shrinking further despite surging government spending.