November 2023 – Page 31 – UAG Trade Asia

Japans Export Growth Slows as China, Global Downturn Risks Loom

November 16, 2023
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Oct exports 1.6 yryr, imports 12.5 Trade balance swung back into deficit Exports to bottom out in mid2024 analyst TOKYO, Nov 16 Reuters Japanese exports grew for a second straight month in October but at a sharply slower pace due to slumping Chinabound shipments of chips and steel, as weakening external demand takes its toll […]

November 16, 2023
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SYDNEY, Nov 16 Reuters Australia employment rebounded strongly in October, after a soft patch the previous month, though the jobless rate still ticked higher as more people went looking for work and rapid migration boosted the supply of labour. Figures from the Australian Bureau of Statistics on Thursday showed net employment rose 55,000 in October […]

November 16, 2023
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MUMBAI, Nov 16 Reuters The sharp widening in India39;s merchandise trade deficit in October to a record level, fuelled by a broadbased rise in imports, will likely be an outlier, analysts said. India39;s merchandise trade deficit rose to an alltime high of 31.46 billion in October, widening sharply from the 19.37 billion print in the prior month. […]

November 16, 2023
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BERLIN, Nov 16 Reuters On Berlin39;s broad avenues, posters put up by desperate wouldbe tenants seeking accommodation have become a common sight. Home viewings draw long lines of hopefuls, despite rent rises that have far outstripped salaries in recent years. The German capital, where cheap and abundant apartments were a magnet for artists and young […]

November 16, 2023
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OSLO, Nov 16 Reuters Norwegian oil and gas companies plan to invest more in 2023 and 2024 than previously thought as inflation drives up the cost of field developments, a national statistics office SSB survey showed on Thursday. The country39;s biggest business sector now expects to invest 216 billion Norwegian crowns 19.94 billion in 2023, […]

November 16, 2023
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NEW DELHI, Nov 16 Reuters India has cut the windfall tax on diesel and crude oil on Thursday, according to a government notification. The government cut the windfall tax on crude oil to 6,300 Indian rupees 75.70 a tonne from 9,800 rupees a tonne while cutting the diesel windfall tax to 1 rupee per litre […]

November 16, 2023
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Prices fall for fourth month in monthly and annual terms More cities record monthly price decline BEIJING, Nov 16 Reuters China39;s new home prices fell for the fourth straight month with dozens of cities hit by declines, the most since the peak of the COVID19 pandemic last year, suggesting a broader weakening in the sector […]

November 16, 2023
Oil
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U.S. frontmonth contract at discount to secondmonth U.S. crude stocks rise, output holds steady at record China Oct oil refinery runs slow from previous month China39;s prolonged property gloom weighs on market Nov 16 Reuters Oil prices fell on Thursday, extending losses from the previous session, as signals of higher supply from the United States […]

November 16, 2023
Finance
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MUMBAI, Nov 16 Reuters The Indian rupee weakened on Thursday tracking its Asian peers lower but U.S. dollar sales from staterun banks, likely on behalf of clients, limited the downside for the local unit. The rupee was at 83.2125 against the U.S. dollar as of 1050 a.m. IST, compared with its close at 83.1425 in […]

November 16, 2023
Finance
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SEOUL, Nov 16 Reuters South Korea39;s financial regulator said on Thursday authorities plan to loosen stock shortselling rules for retail investors, while tightening rules for institutional and foreign investors, to promote a level playing field in the market. President Yoon Suk Yeol39;s government introduced the controversial ban on short selling in the stock market this month. The […]

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Japans Export Growth Slows as China, Global Downturn Risks Loom

Australia Employment Rebounds in Oct, Jobless Rate Edges Up

Indias Record Merchandise Trade Deficit in Oct Likely to be OneOff Analysts

Berlins Renters Face more Misery as Housing Crisis Deepens

Norway Oil Companies Face Higher Investment Costs

India Cuts Windfall Tax on Diesel, Crude Oil

Chinas Home Prices Dip for 4th Month, may Weaken Further

Oil Prices Slip on US Crude Build, China Demand Worries

Rupee Edges Lower Tracking Asian Peers, StateRun Banks on Offer

S.Korea to Bring Retail ShortSelling Rules in Line with Institutions

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