Malaysia’s international reserves stood at $122.6 billion as at Aug. 29, down 0.9 percent from $123.7 billion on Aug. 15, central bank data showed on Friday.

2008-09-05 10:00:08

Hong Kong 2008 GDP growth forecast cut to 4.2 from 5.2 pct - Goldman Sachs HONG KONG (XFN-ASIA) - Goldman Sachs Group cut its 2008 gross domestic product (GDP) growth forecast for Hong Kong to 4.2 pct from 5.2 pct and lowered its estimate for 2009 to 4.0 pct from 5.0 pct.

2008-09-05 09:58:10

HIGHLIGHTS-ECB’s Nowotny at Vienna news conference VIENNA, Sept 5 (Reuters) - Following are highlights of remarks by new European Central Bank Governing Council member and Austrian central bank head Ewald Nowotny at a news conference on Friday.

2008-09-05 09:57:14

Inflation worrying, price stability aim vital-ECB FRANKFURT, Sept 5 (Reuters) - Inflation remains at worrying levels and central banks’ commitment to stable prices is more important than ever in times of uncertainty, European Central Bank policymakers said on Friday.

2008-09-05 09:45:26

Indonesia posts $1.5 bln C/A deficit in Q2-cbank JAKARTA, Sept 5 (Reuters) - Indonesia posted a current account deficit of $1.5 billion in the second quarter, the central bank said in a statement on Friday.

2008-09-05 09:22:02

Taiwan Aug CPI up 4.78 pct on yr vs revised 5.91 pct growth in July TAIPEI (XFN-ASIA) - Taiwan’s consumer price index (CPI) rose 4.78 pct year-on-year in August, compared with a revised 5.91 pct growth in July, the Directorate General of Budget, Accounting and Statistics (DGBAS) said.

2008-09-05 09:17:20

Philippines’ end-Aug foreign reserves at $36.7 bln MANILA, Sept 5 (Reuters) - The Philippines’ gross international reserves slipped to $36.7 billion at the end of August from $36.9 billion the previous month, the central bank said on Friday.

2008-09-05 09:11:48

Italy June trade deficit 1.03 bln euros vs surplus 395 mln euros yr ago MILAN (Thomson Financial) - Italy booked a foreign trade deficit of 1.03 billion euros in June compared with a surplus of 395 million euros a year earlier, according to the statistics office ISTAT.

2008-09-05 08:37:30

HIGHLIGHTS-ECB’s policymakers at Frankfurt conference FRANKFURT, Sept 5 (Reuters) - Following are highlights of remarks at a conference in Frankfurt on Friday attended by European Central Bank President Jean-Claude Trichet, ECB Executive Board members Juergen Stark and Lorenzo Bini Smaghi and Governing Council member Athanasios Orphanides.

2008-09-05 08:32:08

Euro zone inflation seen starting to taper off-ECRI LONDON, Sept 5 (Reuters) - Euro zone inflationary pressures are high but are tapering off, a forward-looking indicator of inflation released by the Economic Cycle Research Institute showed on Friday.

2008-09-05 08:19:17

1-French budget deficit widens in July PARIS, Sept 5 (Reuters) - France’s budget deficit widened in July to 51.4 billion euros ($73.5 billion) from 48 billion at the end of July 2007, the budget ministry said on Friday.

2008-09-05 08:05:38

TABLE-French budget deficit -51.4 bln euros end-July PARIS, Sept 5 (Reuters) - Following is a breakdown of French budget figures for July, released by the Budget Ministry on Friday. Figures in billions of euros unless otherwise stated.

2008-09-05 07:42:17

1-Oil steady near $108, dollar, economic fears weigh SINGAPORE, Sept 5 (Reuters) - Oil prices were little changed near $108 on Friday after falling nearly 8 percent this week as traders shed commodities positions to join a dollar rally and on signs that $100-plus prices were crippling demand.

2008-09-05 04:40:04

POLL-NZ c.bank seen cutting rates as economy stumbles WELLINGTON, Sept 5 (Reuters) - New Zealand’s central bank is expected to cut interest rates for the second consecutive time next week to help support an economy widely seen to be in its first recession in over a decade, a Reuters poll shows.

2008-09-05 04:38:42

1-Philippine inflation hits 17-yr high, seen cooling MANILA, Sept 5 (Reuters) - Philippine annual inflation hit another near 17-year high of 12.5 percent in August but the central bank said price pressures may have peaked, signalling its tightening campaign could be drawing to a close.

2008-09-05 04:11:59

PRESS DIGEST-Indonesian newspapers - Sept 5 JAKARTA, Sept 5 (Reuters) - Following are some leading stories in the main Indonesian newspapers on Sept. 5.

2008-09-05 03:17:17

Vietnam aims to limit 2008 inflation at 25 pct -govt HANOI, Sept 5 (Reuters) - Vietnam, which has been grappling with soaring inflation, aims to limit the rise in consumer prices for the whole year to 25 percent, the government said.

2008-09-05 02:59:07

Yosano: Japan recovery depends on global economy TOKYO, Sept 5 (Reuters) - Japan’s Economy Minister Kaoru Yosano said on Friday Japan’s economy will only recover once overseas economic conditions improve.

2008-09-05 02:20:44

INSTANT VIEW-Philippines’ Aug inflation at near 17-yr high MANILA, Sept 5 (Reuters) - Philippine consumer prices rose 12.5 percent in August from a year earlier, tipping yet again a near 17-year peak and at the high end of the central bank’s forecast range of 11.8 to 12.6 percent raising the possibility of another rate hike before the year ends.

2008-09-05 02:03:02

Philippine August inflation at 12.5 pct on yr MANILA, Sept 5 (Reuters) - Philippine consumer prices jumped to a near 17-year high of 12.5 percent in August from a year earlier, at the high end of the central bank’s forecast range of 11.8 to 12.6 percent, the statistics office said on Friday.

2008-09-05 01:17:35

Taiwan cabinet to finalize economic-stimulus package next week - report TAIPEI (XFN-ASIA) - The Executive Yuan, or cabinet, is likely to finalize an economic-stimulus package on Thursday, the Economic Daily News reported, without citing sources.

2008-09-05 01:11:00

Taiwan’s Ma targets 6 pct GDP growth, 3 pct unemployment by 2012 TAIPEI (XFN-ASIA) - President Ma Ying-jeou said his government has set a target of 6 pct economic growth before his four-year term ends in 2012.

2008-09-05 00:33:49

Australia construction activity contracts in Aug SYDNEY, Sept 5 (Reuters) - Activity in Australia’s construction industry contracted for a sixth straight month in August as housing weakened further and engineering took a turn for the worse, a private survey showed on Friday.

2008-09-05 00:11:57

South Korea’s revised Q2 GDP up 0.8 pct vs Q1 SEOUL, Sept 5 (Reuters) - South Korea’s economy grew a seasonally adjusted 0.8 percent in the second quarter, revised central bank figures showed on Friday, the same as the central bank’s earlier estimate.

2008-09-04 23:15:14

POLL-Japan firms’ Q2 capital spending likely up 2.5 pct TOKYO, Sept 5 (Reuters) - Japanese companies are expected to have increased capital expenditure by 2.5 percent in April-June compared with the same quarter a year earlier, a Reuters poll showed, which could ease worries about the outlook for corporate activity.

Source: http://www.afxnews.com

Related Content