South Korean Exports Fall in August

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

SEOUL?South Korea's exports fell more sharply than expected in August?the eighth consecutive month of declining shipments overseas?according to provisional data from the Ministry of Trade, Industries and Energy. Exports shrank 14.7% from a year earlier to $39.33 billion, following a ...

China Manufacturing PMI Slips

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

BEIJING?China's official manufacturing purchasing managers index fell to 49.7 in August from 50.0 a month ago, the China Federation of Logistics and Purchasing, which issues the data with the National Bureau of Statistics, said in a statement Tuesday. The August ...

ASIA MARKETS: Chinese Factory Data Pull Asian Shares Lower

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Chao Deng Shanghai stocks fall as much as 5% lower Asian markets fell Tuesday, pressured by disappointing manufacturing data that fueled concerns about growth in China and its neighboring economies. Stocks in Shanghai , which have been at the ...

South Korean Exports Fall on Lower China Shipments

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

SEOUL?South Korea said exports posted their sharpest fall in six years in August as shipments slumped to China, the country's largest export destination, amid concerns about a slowdown in the world's second-largest economy. The South Korean data provide the first ...

China Sets New Rules on Yuan Forward Trading

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

BEIJING?In a move aimed at reducing growing depreciation pressure on the yuan, China's central bank issued new rules requiring banks trading a type of currency contract to set aside reserves. Starting Oct. 15, banks buying and selling what are called ...

Russia's Manufacturing PMI Fell for Ninth Month in a Row

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Andrey Ostroukh MOSCOW--Another wave of the ruble weakness hit Russia's manufacturing activity in August, fueling inflationary pressures and resulting in job cuts across the sector, a Markit survey of purchasing managers showed Tuesday. The headline Purchasing Managers' Index for ...

Falcon Oil & Gas Finds Gas at Kalala S-1 Well in Australia

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Alex MacDonald LONDON--Falcon Oil & Gas Ltd. (FO.V) said Tuesday that its Kalala S-1 well in the Beetaloo Basin of the Northern Territory, Australia, found over 500 meters shale gas with net pay of more than 150 meters. Falcon ...

EU Moscovici: China Market Instability Won't Destabilize EU Recovery

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By William Horobin PARIS--Pierre Moscovici, the European Union's economics commissioner, said Tuesday that market volatility in China won't upend Europe's recovery. "I'm convinced this won't destabilize the European economy," Mr. Moscovici told journalists in Paris. Mr. Moscovici said there is ...

Lagarde Says Volatility Puts Asia's Growth Leadership at Risk

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

JAKARTA, Indonesia?IMF Managing Director Christine Lagarde said Tuesday that the organization expects global economic growth to weaken and that Asia, while expected to lead growth, risks slowing further due to the recent volatility in financial markets. Ms. Lagarde said in ...

Oil Prices Pull Back on New China Worries--Update

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Ese Erheriene and Eric Yep LONDON--Crude-oil futures pulled back on Monday, giving back some of the strong gains seen in the last three sessions as worries about China's economy resurfaced. On the New York Mercantile Exchange, light, sweet crude ...

Merkel Calls For Further Efforts to Boost Eurozone Competitiveness

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Andrea Thomas BERLIN--German Chancellor Angela Merkel Tuesday called for further efforts to boost the eurozone's competitiveness and to overhaul European Union institutions in a bid to make the eurozone more stable. She praised overhauls carried out by Spain, Ireland ...

Global Shares Fall After China's Weak PMI Data -- Update

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Josie Cox Global stock markets tumbled Tuesday after weak manufacturing data in China fueled investors' worries about the world's second-largest economy. Commodities and stocks around the world have swung sharply in the weeks since China devalued the yuan, interpreted ...

India's Google Investigation Moves Forward

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

SAN FRANCISCO?A lengthy investigation into whether Google has been abusing its dominance of Internet search to stifle competition in India is moving into its next phase. The preliminary findings of the three-year-old probe have been submitted to the Competition Commission ...

South Korea's Consumer Prices Rose 0.7% on Year in August

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Kwanwoo Jun SEOUL--South Korea's consumer price index rose 0.7% on the year in August, marking the ninth straight month that headline inflation has remained below 1% and still far behind its target band, data showed Tuesday. The August reading ...

New Zealand 2Q Terms of Trade +1.3% Vs 1Q; Market Expected -2.7%

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Rebecca Howard WELLINGTON, New Zealand--The country's terms of trade, a gauge of the country's purchasing power, rose 1.3% in the second quarter, lifted by dairy. The merchandise, or goods, terms-of-trade index rose 1.3% from the first quarter, Statistics New ...

China August Manufacturing PMI Slips

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

BEIJING--China's official manufacturing purchasing managers index fell to 49.7 in August from 50.0 a month ago, the China Federation of Logistics and Purchasing, which issues the data with the National Bureau of Statistics, said in a statement Tuesday. The August ...

Is Australia Sliding Into Recession?

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

By Vera Sprothen SYDNEY--From the vast mining pits that dot Australia's arid northwest to the multimillion-dollar luxury homes with views across Sydney Harbour, economists are seeing red flags that point to a looming economic slump. Thousands of kilometers away, China ...

Oil Prices Pull Back After Breathless Rally

TODAY: Sept. 1, 2015 PUB DATE: Sept. 1, 2015

Oil prices fell in Asian trade Tuesday as weak Chinese manufacturing data and profit-taking pared some of crude's 25%-plus gains of the previous three trading sessions. U.S. oil prices had surged by around 27.5% in the past three days, the ...