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Philippine economic growth hits 6.3 pct in Q4

Philippine economic growth hits 6.3 pct in Q4

2016-01-28 14:48

The Philippine economy grew by 6.3 percent in the fourth quarter of last year, bringing the full year GDP expansion to 5.8 percent.

Plunge in dairy prices casts cloud over New Zealand economy

Plunge in dairy prices casts cloud over New Zealand economy

2016-01-28 11:31

New Zealand dairy giant Fonterra on Thursday slashed its forecast payout to farmers.

Brazil supports Lagardes IMF re-election bid

Brazil supports Lagarde's IMF re-election bid

2016-01-28 11:19

Brazil said Wednesday it supports Christine Lagarde's bid to run for a second term as the chief of the International Monetary Fund (IMF).

Singapores overall unemployment rate remains low in 2015

Singapore's overall unemployment rate remains low in 2015

2016-01-28 10:53

Singapore's overall unemployment rate dipped slightly from 2.0 percent in September 2015 to 1.9 percent in December.

Roundup: Samsungs Q4 profit declines on soft smartphone demand

Roundup: Samsung's Q4 profit declines on soft smartphone demand

2016-01-28 10:39

Samsung Electronics posted its first profit slump in five quarters as soft demand for smartphones dampened the company's Galaxy device sales.

Aussie dollar softer following U.S. Fed meeting

Aussie dollar softer following U.S. Fed meeting

2016-01-28 08:00

The Australian dollar has softened in overnight trade following dovish comments from the U.S. Fed after it left official interest rates on hold.

New Zealand central bank holds interest rate at 2. 5 percent

New Zealand central bank holds interest rate at 2. 5 percent

2016-01-28 07:53

New Zealand's central bank on Thursday held its official cash rate (OCR) at 2.5 percent.

Fed keeps key interest rate unchanged

Fed keeps key interest rate unchanged

2016-01-28 06:18

The Federal Reserve said Wednesday that it will maintain the target range for the federal funds rate at 0.25 percent to 0.5 percent.

U.S. stocks tumble after Fed statement

U.S. stocks tumble after Fed statement

2016-01-28 06:07

U.S. stocks ended sharply lower Wednesday, as Wall Street digested the newly-released Fed's statement amid downbeat quarterly earnings reports.

Gold down ahead of U.S. Fed meeting

Gold down ahead of U.S. Fed meeting

2016-01-28 05:24

Gold futures on the COMEX division of the New York Mercantile Exchange fell on Wednesday.

Oil prices extend gains despite rising inventories

Oil prices extend gains despite rising inventories

2016-01-28 04:36

Oil prices continued to rise Wednesday although U.S. supplies added last week.

Germany cuts 2016 growth forecast to 1.7 percent

Germany cuts 2016 growth forecast to 1.7 percent

2016-01-28 03:41

The German government cut its forecast for 2016 growth to 1.7 percent on Wednesday.

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