asian financial crisis news
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Pakistan will go for fresh IMF loan
Karāchi :: Pakistan | 10 months ago
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Pakistan will seek fresh loan from International Monetary Fund (IMF) in order to lower the immense pressure on foreign exchange reserves, sources in the Ministry of Finance (MoF) said on Wednesday. The economy of the country has been badly hit by
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SKorea central bank pessimistic about growth
Seoul :: South Korea | 10 months ago
Credibility
South Korea (AP) — South Korea's central bank on Thursday warned that Europe's debt crisis and weak growth in other parts of the world could result in Asia's fourth-largest economy underperforming for an extended period. The bank'
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Serbia says ready to discuss new IMF deal
Niš :: Serbia | 10 months ago
Credibility
Serbia is ready to begin talks with the International Monetary Fund on a new loan deal immediately, Finance Minister Mladjan Dinkic said, as the country tried to calm financial markets unnerved by an internal power struggle over economic policy. "We
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Malaysian exports sustained by China, Japan demand
Kuala Lumpur :: Malaysia | 10 months ago
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Malaysia's June export growth slowed to 5.4 per cent but rising demand from regional heavyweights China and Japan helped offset shrinking shipments to struggling Europe, the government said Wednesday. Malaysian exports reached 61 billion ringgit (US$
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Leverage levels low in the Philippines
Asia :: Philippines | 10 months ago
Credibility
Asia not expected to soon see a rise in bad debts, Fitch Ratings indicated in a report released yesterday. The country, Fitch said in its "Asia-Pacific Banks' Rising Leverage Highlights Concerns" report, has maintained low levels of leverage since
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USD/JPY Japan Yen Preview
Tōkyō :: Japan | 10 months ago
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Japan 's economy suffered a 0.7% contraction last year after a massive earthquake and subsequent tsunami shocked the country. Also, the IMF said while a controversial increase in Japan 's consumption tax will be an important first step in
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China's Economy – How the Devil is in the Detail
Changsha :: China | 10 months ago
Credibility
According to the latest manufacturing data on China , the Chinese economy actually recovered slightly from last month, thanks to a renewed burst of bank lending and a directive from the top to fast track projects and 'build stuff'...The index
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IMF report urges recovering Japan to do more to shrink massive debt
Tōkyō :: Japan | 10 months ago
Credibility
Japan is recovering from the 2011 earthquake and tsunami disaster but the euro crisis, its huge public debt and a Chinese slump dampens hope over 2.5 percent growth this year, the IMF said Wednesday. In a report on annual consultations with Tokyo,
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As rich world falters, SE Asia discovers credit
Kuala Lumpur :: Malaysia | 10 months ago
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Every weekday brings another lucky winner of the "Credit Card Clean" game on Thailand's Get Radio station...More credit is coursing through Southeast Asia than at any time since the region's 1997 financial crisis, much of it finding its way to an
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Lead economy on right track
Beijing :: China | 10 months ago
Credibility
The 7.6 percent GDP growth in the second quarter is not only lower than the already decelerated first-quarterly 8.1 percent, but also the first time that China's GDP has fallen below 8 percent in nearly three years. Before a judgment is passed over
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