Topic: East Asia

China's trade surplus unexpectedly shrank in August as imports accelerated, according to official data on Friday that analysts said might reduce some of the heat on Beijing over its currency rate. The figures came as US data showed America's trade deficit with ...

China's imports leap, cutting trade surplus

BEIJING (Reuters) - China's imports leapt in August, boding well for a strengthening of domestic demand in an economy that has become a major driver of global growth. The unexpectedly big increase in imports also dented China's politically contentious trade surplus ahead ...
China's trade surplus unexpectedly shrank to 20.03 billion dollars in August as imports accelerated, official data showed Friday, possibly undermining calls for Beijing to let its currency strengthen. The figures came as US data showed America's trade deficit with China fell in ...

Japan revises growth up, but yen pressures linger

Japan said Friday its economy grew more than first thought in the second quarter, soothing fears that a fragile recovery could grind to a halt, although the strong yen remains an ever-present threat. The data also reaffirmed China's trajectory in surpassing Japan ...

Japan PM has edge in party race, outcome unclear

TOKYO (Reuters) - Japanese Prime Minister Naoto Kan has a slight edge over powerbroker Ichiro Ozawa ahead of a party leadership vote next week, NHK public TV said on Friday, but with many party lawmakers undecided the outcome is too close to ...

Japan revises growth up, but China stays on top

Japan's economy expanded more than first thought in the April-June quarter, government data showed Friday, soothing fears that a fragile recovery could grind to a halt. The data reaffirmed China's trajectory in surpassing Japan as the world's second-biggest economy amid increasing trade ...
Japan's economy expanded more than initially thought in the second quarter, government data showed Friday, as domestic firms ramped up capital expenditure. Japan's gross domestic product grew by an annualised 1.5 percent in the April-June quarter, well above an initial estimate of ...

Defense secretary may visit China this year

WASHINGTON (Reuters) - Defense Secretary Robert Gates could travel to China this year, the Pentagon said Thursday, following signs from Beijing of a willingness to resume military ties suspended over an arms sale to Taiwan. China froze military-to-military contacts with the United ...

US lawmakers to quiz Geithner on China currency

US Treasury Secretary Tim Geithner will face a key US House committee's questions on possible new steps to press China over its currency policy, the panel's chairman said Thursday. House Ways and Means Committee Chairman Sander Levin's announcement came amid deep anger ...

Global stocks rise, dollar steady

Global equities rose and the dollar steadied against the euro on Thursday amid renewed confidence in the economy and as markets awaited US jobs data and a British interest rate decision. In London, the FTSE 100 index climbed 0.70 percent to reach ...
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