Economics News Results

  • New Zealand House Prices, Sales Volumes Rose on Year in Jan

    WELLINGTON, New Zealand--The number of houses sold in New Zealand in January was the highest for that month in four years, the country's real estate institute said Tuesday. The national median sales price gained 11.8% from a year earlier to 615,000 New Zealand dollars and the Real Estate Institute of New Zealand's house price index rose 7.0%. Sales volumes in January were up 3.2% from a year earlier to 4,603 properties sold.

  • Baltic index sees biggest daily rise in over two months on higher vessel rates

    The Baltic Exchange's main sea freight index rose to a near two-week high on Monday, registering its biggest daily advance in more than two months as rates rose across all vessel segments. * The Baltic index, which tracks rates for capesize, panamax and supramax vessels that ferry dry bulk commodities, gained 9 points, or 2.1%, to 434.

  • WTO gives sombre goods trade outlook, sees virus threat

    Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization said on Monday, adding that the below-trend performance could become even worse due to the new coronavirus. The Geneva-based trade body said its goods trade indicator fell to 95.5 from the 96.6 reading reported in November.

  • WTO gives somber goods trade outlook, sees virus threat

    Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization said on Monday, adding that the below-trend performance could become even worse due to the new coronavirus. The Geneva-based trade body said its goods trade indicator fell to 95.5 from the 96.6 reading reported in November.

  • WTO gives sombre outlook for global trade, sees virus threat

    Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization said on Monday, adding that the below-trend performance could be reduced even further by the new coronavirus. The WTO said that, based on a decline of its trade outlook indicator, year-on-year merchandise trade growth may fall again in the first quarter of 2020.

  • U.S. firms in China report staff shortages, say coronavirus hitting global operations-AmCham

    Nearly half of the U.S. companies in China say their global operations are already seeing an impact from business shutdowns due to the coronavirus epidemic, according to a poll by Shanghai's American Chamber of Commerce.

  • China's Jan natgas consumption sees first contraction in 2 years

    * China's natural gas consumption in January saw its first year-on-year contraction in at least two years, data compiled by Chongqing Petroleum and Gas Exchange, a government-backed energy trading platform, showed on Monday. * Last month, the country consumed 31.6 billion cubic metres, down 1% from a year earlier.

  • Indonesia's Trade Deficit Widened Sharply in January

    Indonesia's trade deficit widened last month, as imports to and exports from China fell. Southeast Asia's largest economy had a trade deficit of about $864.2 million in January, official data showed Monday. That compares with the $382 million deficit forecast by economists polled by The Wall Street Journal.

  • Japan on brink of recession as economy contracts, virus heightens risk

    Japan's economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending, raising the risk of a recession as China's coronavirus outbreak chills global activity.

  • Thailand's Economic Growth Slowed to Five-Year Low in Fourth Quarter

    Thailand's economy grew at its slowest pace in five years in the fourth quarter, dragged down by lower government spending and exports despite relatively steady private consumption. Gross domestic product expanded 1.6% in the October-December quarter from a year earlier, compared with the 2.6% growth in the previous three months, the Office of the National Economic and Social Development Council, the government's economic-planning arm, said Monday. That fell short of the...

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