BEIJING, Jan 2 Reuters China39;s factory activity expanded at a quicker pace in December due to stronger gains in output and new orders, but business confidence for 2024 remained subdued, a privatesector survey showed on Tuesday. The CaixinSP Global manufacturing PMI rose to 50.8 at the end of 2023 from 50.7 in November, marking the […]

SEOUL, Jan 2 Reuters South Korea39;s factory activity contracted in December, a business survey showed on Tuesday, due to falling new orders, which were squeezed by weaker Chinese demand. The purchasing managers index PMI for South Korean manufacturers, compiled by SP Global, was at 49.9 in December, slightly below 50.0 in November. The 50.0 point […]

SINGAPORE, Jan 2 Reuters Singapore39;s economy grew 2.8 in the fourth quarter yearonyear, preliminary government data showed on Tuesday, faster than some economists expected and helped by improvements in construction and manufacturing. The fourth quarter growth in gross domestic product GDP was faster than the 1 expansion in the third quarter of 2023. For the […]

MANILA, Jan 2 Reuters The Philippines is hopeful of being taken off the money laundering 39;grey list39; of the Financial Action Task Force FATF of this year, the country39;s AntiMoney Laundering Council said on Tuesday. The FATF, an intergovernmental organisation combating money laundering and terrorism financing, added the Philippines to the list in June 2021 for several […]

SYDNEY, Jan 2 Reuters Asia39;s factory activity weakened in December, portending a shaky start for the region39;s manufacturing powerhouses in 2024 as China39;s patchy economic recovery impeded a broader revival in demand. A range of purchasing managers39; indexes PMIs published by SP Global on Tuesday showed factory activity continuing to decline in most Asian economies […]

Headline inflation at 2.61 yy, vs 2.72 in poll Core inflation at 1.80 yy, vs 1.85 in poll BI lowers target range to 1.5 to 3.5 in 2024 JAKARTA, Jan 2 Reuters Indonesia39;s annual inflation rate cooled more than expected in December to 2.61, within the central bank39;s target range, official data showed on Tuesday. […]

BEIJING, Jan 2 Reuters Travel in China flourished over the threeday New Year39;s holiday, with 135 million domestic tourist trips, up 155 from last year, while domestic tourism revenue rose to 79.73 billion yuan 11.23 billion, data released Monday showed. During the New Year holidays, more than 128 million passenger trips were made on China39;s […]

BEIJING, Jan 2 Reuters China39;s average daily home sales during the threeday New Year holiday in 40 cities, based on floor area, fell 26 compared with the same period last year, a survey showed on Tuesday. Sales fell the most in smaller cities, dropping 50 during the holiday, according to data from the China Index […]

LONDON, Jan 2 Reuters Euro zone factories ended 2023 on the back foot, with activity contracting in December for an 18th straight month, according to a survey which gave scant signs of any imminent strong bounceback in an economy likely in recession. HCOB39;s final euro zone manufacturing Purchasing Managers39; Index PMI, compiled by SP Global, […]

LONDON, Jan 1 Reuters Saudi Arabia39;s Public Investment Fund accounted for about a quarter of the almost 124 billion spent by sovereign wealth funds worldwide last year, a report published on Jan. 1 showed. PIF39;s whopping 31.5 billion spend in 2023 compared with 123.8 billion for all sovereign wealth funds, based on a preliminary annual […]