Forex / Asia news

BEIJING (XFN-ASIA) - China's exports in June rose 27.1 pct year-on-year to 103.27 bln usd, while imports were up 14.2 pct at 76.36 bln usd, the General Administration of Customs said.Exports in the first half of the year stood at 546.73 bln usd, up 27...

SINGAPORE (Thomson Financial) - Oil prices were lower in late morning trade Tuesday in Singapore after rising sharply overnight following a warning from the International Energy Agency of a looming supply crunch.The market was also waiting for the US government's regular weekly report on energy inventories due out on Wednesday...

TOKYO (Thomson Financial) - Japanese government bond prices ended the morning session lower Tuesday, giving up some small initial gains, as investors reacted with disappointment to the coupon rate set for an auction of five year bonds today.The Ministry of Finance set the rate for the the 2 trillion yen worth of bonds on offer at 1...

SINGAPORE (Thomson Financial) - Singapore's better-than-expected 8.2 percent year-on-year gross domestic product (GDP) growth in the second quarter, following a 6.4 percent rise in the first, shows there is further upside to full year growth for the city state, CIMB-GK regional economist Song Seng Wun said...

BEIJING (XFN-ASIA) - Deutsche Bank said it expects June CPI growth in China to have exceeded 4 pct on higher food prices."The National Development and Reforming Commission (China's economic planner) has already reported that pork prices rose by a further 12...

SEOUL (Thomson Financial) - The South Korean economy is expected to grow at a slightly faster pace than previously projected, reinforcing the view that the Asia's fourth-largest economy will sustain its recovery, data from the Bank of Korea show.The central bank said it now expected GDP to grow by 4...

SYDNEY (Thomson Financial) - The US dollar was contained within tight ranges against other major currencies early in Asian trading hours Tuesday as market players awaited new direction.At 9.50 am here (2350 GMT Monday) the dollar was at 123.35 yen, little changed from 123...

SINGAPORE (Thomson Financial) - Singapore's gross domestic product (GDP) grew 8.2 percent year-on-year in the second quarter, up from a rise of 6.4 percent in the first, preliminary estimates from the Ministry of Trade and Industry showed.The June quarter number was above the 6...

TOKYO (Thomson Financial) - Some 10 percent of Japanese respondents that earlier said they intended to choose the ruling Liberal Democratic Party (LDP) for proportional representation in the July 29 upper house election now plan to vote for the Democratic Party of Japan (DPJ), the main opposition group, according to the results of apoll by the Nikkei business daily released on Tuesday...

NEW YORK (AP) - The Canadian dollar hit a fresh 30-year high against the U.S. dollar Monday ahead of an expected rate hike Tuesday by the Bank of Canada.The Canadian dollar advanced as high as 95.76 U.S. cents Monday before retreating to 95.38. U.S. cents in late New York trading...

ZURICH (Thomson Financial) - Switzerland and Japan are currently discussing a potential free trade agreement in Savognin, Switzerland.Luzius Wasescha -- a delegate of the Swiss Government for Trade Agreements -- earlier confirmed newspaper reports and said that the two parties had been negotiating a potential free trade deal since mid-May...

LONDON (Thomson Financial) - Major currencies have remained in ranges as a lack of significant economic data until the end of this week promises few price movements.The dollar and euro, in particular, have been stable in anticipation of US trade data on Thursday and the US retail sales and some European inflation figures on Friday...

LONDON (Thomson Financial) - The government has been severely criticised by a group of MPs for not outlining the costs of military operations in Iraq and Afghanistan and for spending in the current year without parliamentary approval.The House of Commons defence select committee said it was "entirely unacceptable" that the Ministry of Defence (MoD) refused to show all its estimated annual spending at the start of the financial year as other departments are required to...

LONDON (Thomson Financial) - The pound was supported by mixed UK PPI data, which investors chose to interpret as inflationary for the future despite soft headline PPI rates.Both output and input producer prices came in below expectations, with output prices up 0...

VIENNA (Thomson Financial) - The UN atomic agency gave the green light today to send inspectors to North Korea for the first time since 2002 to monitor the communist state's dismantling of its nuclear weapons programme, diplomats said.The International Atomic Energy Agency's (IAEA) 35-nation board of governors approved by consensus a request for a North Korea mission from IAEA chief Mohamed ElBaradei, the diplomats said...

HONG KONG (XFN-ASIA) - China Development Bank, one of China's three policy banks, said the size of the retail and institutional portions for its 5-bln yuan-denominated bond issue has been set at 2.5 bln yuan each following strong demand for the bonds...

KUALA LUMPUR (Thomson Financial) - The Malaysian government will undertake a comprehensive review on its subsidy policy for industrial gas, the official Bernama news agency reported Monday, citing International Trade Industry Minister Rafidah Aziz.The review is aimed at ensuring that the gas industry is not heavily subsidised as the government wants gas to be utilised in an efficient manner, said Rafidah...

TAIPEI (XFN-ASIA) - Taiwan's exports in June grew 11.0 pct year-on-year to a record 20.09 bln usd, compared with a 3.5 pct rise to 19.58 bln usd posted in May, the Ministry of Finance (MoF) said.Imports in June rose 10.7 pct year-on-year to 18.68 bln usd, also a record, after a 0...

TOKYO (Thomson Financial) - Japan's Mizuho Corporate Bank Ltd said it will raise its long-term prime lending rate for July to 2.55 percent from 2.45 percent for June, effective Tuesday.The long-term prime rate is the interest rate charged on loans of one year or longer to a bank's most creditworthy customers...

LONDON (Thomson Financial) - The dollar stabilised against other major currencies after failing to gain any momentum on robust US data last week as investors looked through the data and continued to exclude the possibility of a rate hike in the US this year...