- 15 Feb 2011:At its current rate of growth, analysts see China replacing the US as the world's top economy in about a decade.
- 11 Feb 2011:The International Monetary Fund has issued a report on a possible replacement for the dollar as the world's reserve currency. The goal is to have a reserve asset for central banks that better reflects the global economy since the dollar is vulnerable to swings in the domestic economy and changes in US policy.
- 10 Feb 2011:German exports rose 0.5% in December to round out a year of strong growth, increasing 18.5% in 2010, figures show.
- 8 Feb 2011:Japan's economy will emerge from a lull soon and is certain to pull out of deflation over time, a Bank of Japan policymaker said, offering a somewhat upbeat take on the outlook on budding signs of a recovery.
- Taiwan's dollar rose past NT$29 against the greenback for the first time since 1997 on speculation the central bank is letting the currency strengthen as foreign funds buy the island's assets.
- 7 Feb 2011:Unemployment fell sharply for a second straight month in January. Still, many economists find the two-month drop, the largest since 1958, too good to be true and expect it to edge back up in the months ahead.
- 21 Jan 2011:China has apparently overtaken Japan as the world's second-largest economy, after data released on Jan. 20 showed double-digit growth for 2010. The growth effectively displaces its Asian neighbor from a global ranking it has held since 1968.
- 18 Jan 2011:Foreign direct investment in China hit a record US$105.7 billion last year, highlighting growing confidence in the economy even as Beijing seeks to rein in growth. China attracted US$14.03 billion in foreign direct investment (FDI) in December alone, up 15.6% from a year earlier.
- 17 Jan 2011:China's President Hu Jintao has said the international currency system was "a product of the past." He also implicitly criticized the Federal Reserve's recent decision to pump 600 billion dollars into the US economy, a move criticized as weakening the dollar at the expense of other countries' exports. The comments came ahead of a state visit to Washington on Wednesday.
- 14 Jan 2011:The global economy will slow this year, with developing countries such as India and China providing a greater share of growth, the World Bank has predicted.
- 3 Jan 2011:Factory output growth eased in India and China in December, but strengthened in South Korea and Taiwan, narrowing a gap in manufacturing activity between much of developing Asia and the region's emerging economic giants.
- The price of copper has hit a new all-time high, rounding off a year in which industrial metals rebounded strongly. It peaked at US$9,631.75 per metric tonne on the London Metal Exchange, before falling back slightly.
- 29 Dec 2010:Gold prices surged above US$1,400 an ounce on December 28 as a weaker dollar pushed investors into the safe haven of precious metals. Gold also seems to be gaining value based on its own track record for 2010, when global economic instability made it the go-to investment for jittery traders.
- 23 Dec 2010:Crude-oil futures on Wednesday settled above US$90 a barrel for the first time since October 2008, riding a growing wave of optimism about the global recovery.
- 19 Dec 2010:Germany's economy is fueling the euro region's recovery as declining unemployment encourages consumer demand and companies boost investment, helping counter weaker exports.
- 10 Dec 2010:China's exports for November 2010 were up 34.9% versus a year earlier, compared with an expected 25%. In October the increase was only 22.9%.
- 6 Dec 2010:What a long, strange trip it's been for the South Korea-US free trade agreement. The two sides announced this weekend that they've reached a deal on revisions to the draft that was signed in 2007 but never ratified. It comes not a moment too soon, given the boost this will give to a US economy stumbling its way to recovery and with tensions rising on the Korean peninsula.
- 3 Dec 2010:Theoretically, that makes sense: The more dollars in the economy, the less valuable the currency. But from what we've seen - at least so far - the critics are wrong. The greenback's gains have been surprisingly good recently.
- 26 Nov 2010:"Japanese should have the courage to open the county much wider and compete globally, because Japan has no choice but to depend on foreign trade for survival..."
- 24 Nov 2010:The semiconductor sector of Abu Dhabi's economy is set to pump US$4 billion into the capital, creating up to 6,000 new employment positions in Abu Dhabi over the next decade, according to industry insiders.
- 16 Nov 2010:October inflation hit a higher-than-expected 4.4%, up from September's 3.6%, the Bureau of Statistics said. It added that the government needed to do more to control price rises.
- 9 Nov 2010:Gold prices surged above US$1,400 a troy ounce on November 8, setting a fresh nominal all-time high after World Bank president Robert Zoellick said leading economies should look at a modified global gold standard to guide currency movements.
- 22 Oct 2010:Rare earth metals are sprinkled in a vast number of the things that make the modern world go round - from iPods to windturbines, electric car engines to flat-screen TVs and smart-bombs. The reason you'll hear a lot about them is 1) because China currently controls 93-97% of the world's production and 2) because China is enforcing strict new quotas on the exports of rare earths which is pushing up global prices sharply.
- 14 Oct 2010:Solar energy and wind power will be strategic industries leading Korea's economy, with the government deciding to invest 40 trillion won in the renewable energy field by 2015 in partnership with the private sector so they can take the place in the nation's economy semiconductors and shipbuilding had in the past.
- The US currency was quoted at 81.21 yen in early Thursday (October 14) trading in Tokyo - losing more ground against the Japanese currency after briefly recovering from a prior 15-year low of 81.37 yen struck in Sydney on Monday.
- 15 Sep 2010:The central bank stepped in to sell yen and buy dollars, a day after the yen hit a 15-year high against the dollar. It is the first time in six years that the Bank of Japan has intervened.
- 14 Sep 2010:Russia applied to join the WTO's predecessor, the General Agreement on Tariffs and Trade or GATT, in June 1993 but remains the biggest economy outside the trade body and has previously accused the US of holding up its bid.
- 9 Sep 2010:The US trade deficit was smaller than expected in July, figures have shown, as exports reached their highest level in almost two years.
- 6 Sep 2010:A key reason for the Aussie's status as a favourite in the speculative community is that it is seen as providing investors with exposure to Asian markets and booming commodity prices.
- 1 Sep 2010:"Markets are broadly interpreting this as an improvement in the economy, but overall consumer confidence is still very, very bad," said Tim Quinlan, an economist with Wells Fargo. "We went from being severely depressed about the outlook, to just being depressed about the outlook."
- 31 Aug 2010:But analysts called the measures too timid in the face of the problems plaguing Japan's export-oriented economy.
- A "lost decade" in US employment reflects a change in the structure of the nation's labor market, according to Mohamed El-Erian, CEO at Pacific Investment Management Co.
- 18 Aug 2010:Now it's official. Taiwan's legislature on late Tuesday night approved the Economic Cooperation Framework Agreement, the landmark trade deal between China and Taiwan.
- 16 Aug 2010:The previous estimates, released in August 2008, predicted zero growth in 2026, but since then the birth rate recorded an even sharper decline.
- After three decades of spectacular growth, China passed Japan in the second quarter to become the world's second-largest economy behind the United States, according to government figures. The milestone, though anticipated for some time, is the most striking evidence yet that China's ascendance is for real and that the rest of the world will have to reckon with a new economic superpower.
- 13 Aug 2010:Gold rose to a one-month high on August 13, lifted by persistent poor macroeconomic data from the US that is prompting investors to choose safer assets in the face of a gloomier economic outlook.
- 21 Jul 2010:If you really want to go undercover in the global economy, and manipulate it to your own ends...
- 12 Jul 2010:There have been a number of positive developments regarding wage growth and government stimulus that will help move China forward towards a more consumption-oriented economy. But keep in mind that China is a save-first economy, so 20-25% wage inflation doesn't instantly equal 20-25% more consumer spending.
- 29 Jun 2010:China and Taiwan signed a tariff-slashing trade pact Tuesday that boosts economic ties and further eases political tensions six decades after the rivals split amid civil war. Beijing hopes the deal, signed live on on state television, can lead to political accommodation. Taiwan is looking for the tighter economic links to keep the island from being marginalized as China's global clout grows.
- 28 Jun 2010:China has come under increasing international pressure to allow the yuan to appreciate. The US in particular has argued that the weak yuan gives Chinese exporters an unfair competitive advantage.
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- Digitimes Research: LG Chem showcases highest lumen-price ratio OLED lighting panel at Lighting Japan 2015
- Digitimes Research: Korea makers to expand AMOLED production capacity 36% in 2015
- Digitimes Research: 3D, Ultra HD TV prices drop roughly 30% on year in January
- Indium Corporation features NC-SMQ75 die-attach solder paste at Productronica China
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