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News About The Global Economy
September 16, 2014
Chinese output growth slows to five-year low in August
Beijing (AFP) Sept 13, 2014
China's industrial production growth slowed sharply in August to its lowest level for more than five years at 6.9 percent, official data showed Saturday, intensifying concerns for the world's second-largest economy. The key indicator, which measures output at factories, workshops and mines, slumped from a 9.0 percent year-on-year expansion in July and was the worst since 5.7 percent in December 2008, during the global financial crisis. It also fell far short of the 8.7 percent median increase in ... read more

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Satellite Services supplies on-board sub-systems for smallsats and microsats.
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China August inflation eases to 2.0% on-year: govt
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Chinese premier vows to punish corporate lawbreakers
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China's promised reforms moving too slowly: EU businesses
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Political unrest will hit Hong Kong economy: Moody's
Ratings agency Moody's warned Monday prolonged discord in Hong Kong over China's refusal to grant the key financial hub full democracy was still likely and would hurt the city's economy. ... more
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Japan Q2 economy shrinks more than thought
Japan's economy shrank more than estimated in April-June, revised data showed Monday, piling pressure on the government to delay another sales tax hike, while the central bank faces calls to expand its stimulus. ... more
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BoJ holds off fresh stimulus despite slowdown
The Bank of Japan's chief on Thursday stuck by his rosy view of the economy despite mounting evidence that an April sales tax hike has stalled growth. ... more
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Weak Japan data heap pressure on policymakers
Japan's economy slowed markedly last month as consumer spending dropped and factory output ran out of steam, data showed Friday, underscoring concerns about the state of the country's recovery. ... more
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China manufacturing growth slows in August: surveys
Growth in Chinese manufacturing activity slowed in August, two closely watched surveys showed Monday, losing momentum as a declining property sector and waning stimulus effects weigh on the world's second-largest economy. ... more
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Hungary strives to be central Europe's start-up capital by 2020
From a sleek, modern office in the middle of Budapest's old town, Ustream provides live video streaming to clients such as Samsung and Sony. ... more
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Japan's economy shrinks after sales tax rise
Japan's economy suffered its biggest quarterly contraction since the 2011 quake and tsunami as a sales tax rise slammed the brakes on growth, data showed Wednesday, throwing into question plans for another increase next year. ... more
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The economy of bitcoins
The massive spread of the cryptocurrency or digital currency, Bitcoin, opens up new pathways for researchers to study social action on markets. This reveals interesting feedback between the exchange ... more
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Asia's most expensive home per square foot on sale in Hong Kong
Asia's most expensive home per square foot is set to go on sale in Hong Kong, which boasts some of the world's costliest properties despite efforts to curb skyrocketing prices. ... more
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Global art market in rude health
The global art market rose in value by 17 percent to a record $7 billion in the first half of 2014, according to new industry figures. ... more
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China house price fall accelerates in July: survey
China's decline in property prices accelerated in July, an independent survey showed, adding to concerns over the sector, a key component of the world's second-largest economy. ... more
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Profits shrink at Japan's 'megabanks'
Japan's top three banks on Thursday posted lower quarterly profits as the impact of last year's stock market surge faded. ... more
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Japan factory output logs sharpest drop since tsunami disaster
Japan's factory output in June logged its sharpest fall since the 2011 earthquake-tsunami disaster, hit largely by drops in cars and industrial machine production, official data showed Wednesday. ... more
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Economic patriotism and U.S. corporate tax inversion
The recent mainstream media coverage of the potential relocation of American drugstore retail giant Walgreens to Europe, in order to pay corporate taxes at a lower rate and increase earnings, is just the latest in a frenetic wave of business activity involving U.S. based conglomerates and their respective foreign counterparts. ... more
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China approves three private banks: regulator
China has approved the setting up of three private banks, including one by Internet giant Tencent, the industry regulator said Friday, in a long-awaited economic reform aimed at bringing competition to state banking giants. ... more
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China avoids second corporate bond default: report
A construction firm narrowly avoided becoming the second company in China's modern financial history to default on a corporate bond after a last-minute rescue by local authorities, state-run media said Thursday. ... more
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Angry Bitcoin investors demand answers at Tokyo creditors' meet
Bitcoin investors voiced anger Wednesday after the first creditors' meeting for failed Tokyo trading exchange MtGox, whose spectacular collapse hammered the digital currency's reputation and left a trail of unanswered questions. ... more
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China Q2 growth mired at 7.4% on-year: AFP survey
Chinese growth failed to accelerate in the second quarter despite government stimulus measures, an AFP survey predicts, with the world's second-largest economy forecast to record its worst annual performance in 24 years. ... more
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China Jan-June FDI rises 2.2%
Foreign direct investment (FDI) into China rose 2.2 percent to $63.33 billion during the first six months of this year, the government announced Tuesday. ... more
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China detains prominent financial TV anchor: reports
Chinese authorities have detained a prominent financial news anchor for state broadcaster China Central Television (CCTV), according to media reports, in what appears to be the latest target in a corruption crackdown. ... more
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China bank denies state TV claims of 'dirty money' transfers
The Bank of China (BOC) has denied accusations by state television that it helped clients evade limits on money transfers overseas, in a rare attack by the government broadcaster against a state-backed institution. ... more
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China inflation slows to 2.3% in June: govt
Chinese inflation slowed to 2.3 percent in June from a four-month high of 2.5 percent in May, official data showed Wednesday, giving authorities further room to stimulate growth in the world's second-largest economy. ... more
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Turkey economy risks choppy waters under Erdogan presidency
Prime Minister Recep Tayyip Erdogan appears all but assured of winning upcoming Turkish presidential polls, but he could find himself in charge of a far more fragile economy than in the last decade of his rule. ... more
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China sets yuan clearing bank in Seoul
China designated a clearing bank in Seoul for yuan transactions in South Korea on Friday, coinciding with a visit by President Xi Jinping, as Beijing promotes greater use of its currency overseas. ... more
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