Regional Bank Forecasts Stronger Growth for Developing Asian ...
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A new report says developing Asian economies are expected to enjoy stronger growth despite high oil prices. However, the report warns, a slowdown in China could hurt its neighbors.
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World economic growth will be higher than predicted, the IMF says at the start of Singapore meetings.
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NEW YORKâUS Federal Reserve Board chairman Alan Greenspan said yesterday that better management of banking risk and new rules on capital hold the promise of a stronger banking system contributing more to economic growth.
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Federal Reserve Chairman Alan Greenspan said on Tuesday that better management of banking risk and new rules on capital hold the promise of a stronger banking system contributing more to economic growth.
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Emerging economic expansion in Latin America fuels continued growth.
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Chinaâs second quarter growth exceeded forecasts, but the economy faces rising food prices, high energy consumption and a large trade imbalance.
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China's economy is set to grow at a faster-than-expected rate of 10.4% this year, the Asian Development Bank says.
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Asian stocks rose after comments by Vice Premier Huang Ju increased optimism that China won&#39;t adopt new measures to slow economic growth.
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Already having the highest interest rates in the developed world, the Reserve Bank is set to raise them further on Thursday and may leave the door open for more rises ahead.
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U.S. economic activity expanded from  mid-April through May, with some regions reporting stronger  growth, the Federal Reserve said on Wednesday.
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The World Bank released its annual report on global economic prospects saying developing countries will register growth of 6.1% this year and just above 5% in 2005 and 2006.
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The 2004 Asian Development Prospect report has predicted that this year&#39;s GDP growth rate will be 8-point-8 percent higher than last year while next year&#39;s growth rate will slowdown to eight percent.
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The central bank says China's economy should grow by 10.5 percent this year, state media reported Sunday, even stronger than the 10 percent predicted last week by the National Bureau of Statistics.
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Asian stock markets had a strong, if volatile, year with China leading the pack as investors bet on the region's continued growth prospects.
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Developing Asia is set to outperform this year with higher-than-expected growth of 7.0 percent despite high oil prices but it will slow in 2005 in tandem with the developed world, the Asian Development Bank (ADB) said.
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JAKARTA - Association of Southeast Asian Nations (ASEAN) member countries are planning to boost regional cooperation in investment amid tight international competition - especially in the sector of infrastructure.
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Developing nations are on course to record their strongest economic growth since 1974, the World Bank says.