Business

Indonesia central bank to stand pat, on guard over outflows

Published 15/03/2017

Indonesia's central bank is widely expected to keep its policy interest rate unchanged on Thursday to support growth while it guards against rising inflation and capital outflow pressures.

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Dollar off recent highs ahead of expected Fed rate hike

Dollar off recent highs ahead of expected Fed rate hike

Published 15/03/2017

An employee of a bank counts US dollar notes at a branch in Hanoi, Vietnam May 16, 2016. REUTERS/Kham

The dollar wobbled in a narrow range in Asian trading on Wednesday, as investors waited anxiously to see what clues the U.S. Federal Reserve would soon reveal on its monetary policy outlook.

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China`s premier says no hard landing, but growth target not easy

China`s premier says no hard landing, but growth target not easy

Published 15/03/2017

China's Premier Li Keqiang waves as he arrives for a news conference after the closing ceremony of China's National People's Congress (NPC) at the Great Hall of the People in Beijing, China, March 15, 2017. REUTERS/Thomas Peter

Premier Li Keqiang said on Wednesday that forecasts of a hard landing for the world's second largest economy should stop, though domestic and external risks remain and meeting the target of 6.5 percent growth for this year won't be easy.

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China aims to cut taxes, fees for companies by 1 trln yuan this year: premier

Published 15/03/2017

China aims to cut taxes and fees for companies by 1 trillion yuan ($144.65 billion) this year, Premier Li Keqiang said Wednesday.

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China eyeing HK-mainland debt market links this year: Premier Li

China eyeing HK-mainland debt market links this year: Premier Li

Published 15/03/2017

China's Premier Li Keqiang gestures during a news conference after the closing ceremony of China's National People's Congress (NPC) at the Great Hall of the People in Beijing, China, March 15, 2017. REUTERS/Jason Lee

China is considering setting up debt market links between Hong Kong and the mainland this year, as it bolsters support for the economy of the former British colony, Premier Li Keqiang said on Wednesday.

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China needs to relocate nearly 1 million workers this year: Premier Li

China needs to relocate nearly 1 million workers this year: Premier Li

Published 15/03/2017

China's Premier Li Keqiang gestures during a news conference after the closing ceremony of China's National People's Congress (NPC) at the Great Hall of the People in Beijing, China, March 15, 2017. REUTERS/Damir Sagolj

China needs to relocate nearly 1 million workers this year due to capacity cuts, Premier Li Keqiang said on Wednesday.

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Premier Li says China does not seek trade surplus with EU

Premier Li says China does not seek trade surplus with EU

Published 15/03/2017

China's Premier Li Keqiang looks as reporters raise hands during a news conference after the closing ceremony of China's National People's Congress (NPC) at the Great Hall of the People in Beijing, China, March 15, 2017. REUTERS/Thomas Peter

China seeks balanced trade with the European Union and doesn't deliberately pursue a trade surplus, Premier Li Keqiang said on Wednesday.

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Fed expected to raise rates as U.S. economy flexes muscle

Fed expected to raise rates as U.S. economy flexes muscle

Published 15/03/2017

FILE PHOTO: Federal Reserve Chair Janet Yellen delivers semiannual monetary policy testimony during a House Financial Services Committee hearing on Capitol Hill in Washington, U.S. on February 15, 2017. REUTERS/Yuri Gripas/File Photo

The Federal Reserve is expected to raise interest rates for the second time in three months on Wednesday, encouraged by strong monthly job gains and confidence that inflation is finally rising to its target.

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