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TOKYO: Japan's factory activity expanded at the fastest pace in more than three years in April, a private business survey showed on Friday, even as expected coronavirus emergency measures clouded the outlook for the world's third-largest economy.
Indonesia's exports surged in March due to higher commodity prices and rebounding global demand, while imports also grew by more than expected last month as domestic manufacturing activity improved, officials statistics bureau data have showed.
BEIJING (Global Times): China's GDP grew 18.3 per cent year-on-year in the first quarter of 2021, the fastest in three decades since the data was released, with key economic indicators all expanding at over 20 per cent, setting an encouraging start for the whole year that is buoyed by a low base, soaring overseas demand and rebounding consumption at home.
BEIJING (Reuters): China's factory gate prices rose at their fastest annual pace since July 2018 in March, official data showed on Friday (April 9), as growth in the world's second-largest economy continued to gather momentum.
Oil prices settled up more than $2 despite news that OPEC+ reached a deal to gradually ease production cuts from May. Brent crude settled up US$2.12, or 3.4%, to $64.86 a barrel. US oil settled up US$2.29, or 3.9%, at $61.45 a barrel.
NEW YORK: Oil prices settled up more than US$2 Thursday despite news that OPEC+ reached a deal to gradually ease production cuts from May.
TOKYO: Asia’s factories stepped up production in March as a solid recovery in global demand helped manufacturers move past the setbacks of the pandemic, although rising costs are creating new challenges for businesses in the region.
TOKYO: Asia's factories stepped up production in March as a solid recovery in global demand helped manufacturers move past the setbacks of the pandemic, although rising costs are creating new challenges for businesses.
BEIJING (Reuters): China's manufacturing activity expanded at the fastest pace in three months in March as factories cranked up production after a brief lull during the Lunar New Year holidays, with improving global demand adding further momentum to a solid economic recovery.