2nd UPDATE:Singapore Econ Growth Slows; MAS Holds Policy
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By Izham Ahmad Of DOW JONES NEWSWIRES (Updates with details throughout). SINGAPORE (Dow Jones)--Singapore&#39;s economic growth lost steam in the third quarter, while the central bank retained a tight monetary
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The economy grew at a faster clip in   the second quarter and inflation was slower than originally   reported, a government report said on Wednesday, suggesting the   Federal Reserve will keep interest rates steady.
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Japan issued mixed economic data Tuesday in government figures for jobs, spending and sales in December, and officials responded cautiously amid other signs economic growth is slowing.
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AustraliaÂs economy grew at its slowest pace in three years in the second quarter as higher interest rates and record fuel prices curbed consumer spending. The gross domestic product rose 0.3 percent from the first quarter, the Bureau of Statistics said. Consumer spending slowed, rising 0.6 percent in the second quarter after increasing 0.9 percent in the first quarter, the report showed. A drop in inventories subtracted 0.7 percentage point from growth in the quarter, and net exports subtracted 0.2 percentage point from growth. First-quarter growth was revised lower to 0.7 percent from 0.9 percent. Also, the Reserve Bank of Australia left its benchmark interest rate unchanged at 6 percent.
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Asia's economic growth is likely to be constrained by an expected slowdown in the U.S. economy and potential spillover from the subprime mortgage crisis, two economic forecasts released Thursday said.
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The U.S. economy, struggling under the weight of a bloated trade deficit, grew at a relatively modest 2.8 percent annual rate in the second quarter, a slower pace of expansion than previously thought.
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Annual economic growth in China has slowed for the third quarter in a row, falling to 9.1 per cent, third-quarter data shows. The slowdown shows the economy is responding to Beijing&#39;s efforts to rein in break-neck investment and lending.
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The US economy grew more slowly in the second quarter than previously stated, as it struggled under an increasing trade deficit and a slowdown in consumer spending, the Commerce Department said Friday.
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SINGAPORE - Singapore&#39;s economy slowed in the third quarter but still recorded growth of 7.7% year-on-year, the government said Monday.
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The nation's service sector expanded at a slower pace in September than in August, reflecting managers' ongoing concern about the economy, interest rates and security issues, a trade group said Wednesday.
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Despite higher oil prices, the Singapore government on Wednesday keeps its economic growth forecast of 8 percent to 9 percent for this year, and growth of 3 percent to 5 percent for next year.
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The nation's economy grew at its slowest pace in more than a year in the second quarter, weighed down by rising energy prices and slipping exports.
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Slow growth in Japanese bank adds to concerns the world's second-biggest economy may head into a recession.
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While the U.S. economy continued to  grow in late July and August, growth slowed in several regions  as household spending softened, the Federal Reserve said on  Wednesday.
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US economic growth slowed more than expected in the second quarter of 2006, revised official data says.
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A slowdown in U.S. economic growth during the second quarter of the year was not as sharp as previously thought, the Commerce Department reported on Wednesday, partly because businesses built up inventories at the strongest rate in four years.
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Business growth slowed to a 2.2 percent pace in the late summer, a much better performance than anticipated and an encouraging sign that the housing slump hasn't significantly dragged down the economy.