Economy

China August Exports Rise 9.5% Year-on-year, Beat Forcasts; Imports Down 2.1%​

BEIJING (Reuters) - China's exports in August rose at a faster-than-expected pace, increasing by 9.5% from a year earlier, though imports dropped 2.1%, customs data showed on Monday.&nb...

China Auto Revenue, Profit Likely Flat This Year, Official Says​

TIANJIN, China (Reuters) - China's auto industry will likely maintain steady revenues and profits this year despite slight declines in production and vehicle sales, a government officia...

Vietnam Targets 2020 GDP Growth of 2.0%-2.5% - Government​

HANOI (Reuters) - Vietnam is targeting a gross domestic product growth of 2.0%-2.5% this year and 6.7% next year, the government said on Friday.

The country's fore...

Philippine Annual Inflation Eases to 2.4% in August​

MANILA (Reuters) - The Philippines' annual inflation eased to 2.4% in August, the slowest in three months, driven by a deceleration in price increases for the heavily-weighted food and...

Taiwan August Exports Seen Up for Second Month in Row - Reuters Poll​

TAIPEI (Reuters) - Taiwan's exports likely rose 1.6% in July from a year earlier, up for a second straight month as the work-from-home trend during the COVID-19 pandemic boosts demand f...

Indonesia's July foreign visitor arrivals plunge 89% year-on-year​

JAKARTA (Reuters) - Indonesia's foreign visitor arrivals in July plunged 89.12% on an annual basis to 159,763, as the coronavirus pandemic continued to disrupt global travel, data from...

South Korea's Exports Fall for Sixth Month But Demand Seen Picking Up​

SEOUL (Reuters) - South Korean exports fell for a sixth straight month in August,  mainly due to fewer working days, but global demand is starting to pick up thanks to easing lockd...

Japan July Retail Sales Fall 2.8% Year/year - Government​

TOKYO (Reuters) - Japanese retail sales dropped 2.8% in July from a year earlier, compared with a median market forecast for a 1.7% decrease, government data showed on Monday.

Malaysia's July Exports Unexpectedly Rise 3.1% Year-on-year, Beats Forecast​

KUALA LUMPUR (Reuters) - Malaysia's exports rose for the second straight month in July, expanding 3.1% from a year earlier on higher shipments of manufactured goods and agricultural com...

South Korea Central Bank Cuts 2020 GDP Outlook, Open to More Stimulus to Fight Virus Fallout​

SEOUL (Reuters) - South Korea's central bank kept interest rates steady on Thursday, but sharply downgraded its 2020 growth outlook and kept the door open for more monetary stimulus to...

Thai July Exports Fall 11.37% Year-on-year, Smaller Drop than Forecast​

BANGKOK (Reuters) - Thailand's exports in July dropped by a smaller-than-expected 11.37% from a year earlier, led by lower shipments of cars and plastic pellets, the commerce ministry s...

Chinese Banks to Post First First-half Profit Drop in Over A Decade Amid Pandemic Pain​

BEIJING/HONG KONG (Reuters) - Some of China's largest banks are set to post their first drop in first-half profits since the global financial crisis, hit by a surge in bad debt and high...

Asian Stocks Set to Rise after Wall Street Tech-driven Rally​

(Reuters) - Asian equities were poised to rise on Friday after a tech-driven rally on Wall Street in which the Nasdaq hit a record high despite downbeat data that affirmed the Fed's dou...

Dollar on Defensive as Fresh Jobs Pain Hits U.S. Economy​

TOKYO (Reuters) - The dollar was on the defensive against most currencies on Friday after a rise in U.S. jobless claims and a dip in Treasury yields dampened the appeal of holding the g...

Thai July Domestic Car Sales Tumble 24.8% Year-on-year​

BANGKOK (Reuters) - Domestic car sales in Thailand shrank for a 14th straight month in July, dropping 24.8% from a year earlier to 59,335 vehicles as the coronavirus outbreak crushed de...

China Jan-July Fiscal Revenues Down 8.7% Year-on-year​

BEIJING (Reuters) - China's fiscal revenues fell 8.7% in they January-July period from a year earlier, the country's finance ministry said on Wednesday, compared with a 10.8% fall in th...

Hong Kong's May-July Unemployment Eases to 6.1%​

HONG KONG (Reuters) - Hong Kong's seasonally adjusted unemployment rate fell slightly to 6.1% in the May-to-July period, as the coronavirus outbreak restricted activity in an economy al...

Siem Reap Provincial Authorities Plan to Improve the Tourism Industry​

On August 13, 2020, H.E. Tea Seiha, governor of Siem Reap province, met with the Tour Guide Association members, taxi drivers, tricycle drivers with the purpose of discussing to seek so...

Japan's core machinery orders fall 7.6% in June​

TOKYO (Reuters) - Japan's core machinery orders fell 7.6% in June from the previous month, government data showed on Wednesday, dashing hopes the economy will emerge from the devastatio...

EU Partially Withdraws Trade Preferences from Cambodia​

The European Union’s decision to withdraw 20% of the preferential trade agreements took effect from August 12, 2020. This decision will have great effects on the garment industry...

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