ILEA000001492: Tokyo stocks close above 17,000

Indian govt imposes stock limits on wheat till March 2025

STORY: Indian govt imposes stock limits on wheat till March 2025 SHOOTING TIME: Recent footage DATELINE: June 25, 2024 LENGTH: 00:01:41 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of Indian government buildings 3. various of wheat crop fields 4. various of crop harvesting 5. various of grain markets STORYLINE: Indian government Monday imposed stock limits on the quantity of wheat that retailers and processors can hold. The step has been taken to keep prices in check and prevent hoarding of wheat. "In order to manage the overall food security and to prevent hoarding and unscrupulous speculation, the Government of India has decided to impose stock limits on wheat applicable to traders/wholesaler, retailers, big chain retailers and processors for all states," the federal ministry of consumer affairs, food and public distribution in a statement said. According to the ministry, the limit is 3,000 metric ton (MT) for wholesalers, 10 MT for retailers, 10 MT per

Japan to respond appropriately, any time to excessive yen moves: currency official

STORY: Japan to respond appropriately, any time to excessive yen moves: currency official SHOOTING TIME: June 20, 2024/Earlier footage DATELINE: June 25, 2024 LENGTH: 00:02:39 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Japan 2. various of banks in Japan 3. various of Tokyo Stock Exchange 4. various of Nikkei stock index STORYLINE: Japan stands ready to take appropriate steps against volatile currency moves at "any time," the country's top currency diplomat said Monday, as the yen neared the 160 line against the U.S. dollar, a level that previously prompted authorities to intervene in the market. Masato Kanda, vice finance minister for international affairs, warned that excessive yen fluctuations negatively affect the economy. "We are ready to take appropriate action at any time," he told reporters. The yen's weakness persists after the Bank of Japan's decision this month to hold off reducing bond-buying stimulus until its July meeting. The yen weakened to 159.94 per U.S. doll

Chinese economy extends upward trend amid policies to prop up growth

STORY: Chinese economy extends upward trend amid policies to prop up growth SHOOTING TIME: June 17, 2024 & File DATELINE: June 17, 2024 LENGTH: 00:01:22 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. various of China 2. SOUNDBITE (Chinese): LIU AIHUA, National Bureau of Statistics (NBS) spokesperson 3. various of workers sorting packages 4. various of construction sites 5. various of cars STORYLINE: The Chinese economy extended an upward recovery trend in May, as shown by faster consumption growth and steady expansion in industrial production, latest government data showed. Important economic indicators rebounded during the month amid government measures to prop up growth and promote high-quality development, the National Bureau of Statistics (NBS) spokesperson Liu Aihua said at a press conference in Beijing on Monday. SOUNDBITE (Chinese): LIU AIHUA, National Bureau of Statistics (NBS) spokesperson "Driven by such factors as macroeconomic policies taking effects, improving external demand and the May D

India's retail inflation in 12-month low in May

STORY: India's retail inflation in 12-month low in May SHOOTING TIME: File DATELINE: June 13, 2024 LENGTH: 00:01:29 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market area 3. various of food grain STORYLINE: India's retail inflation fell to 4.75 percent in May from 4.83 percent in April, official data showed Wednesday. This was said to be the lowest in the past 12 months. Retail inflation has been under the five-percent mark for three consecutive months starting from March. "Year-on-year inflation rate based on all India Consumer Price Index (CPI) number is 4.75 percent (provisional) for the month of May 2024. Corresponding inflation rate for rural and urban is 5.28 percent and 4.15 percent, respectively," the statistical ministry said. Food inflation was 8.69 percent in May, marginally down from 8.70 percent in April. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

Millions of Australians struggling to make loan repayments: gov't report

STORY: Millions of Australians struggling to make loan repayments: gov't report SHOOTING TIME: June 4, 2024 DATELINE: June 6, 2024 LENGTH: 0:02:15 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of banks in Australia 2. various of street views in Australia 3. various of the Parliament House STORYLINE: Millions of Australians have struggled to make debt repayments in the last 12 months, government research has found. The research, which was published by corporate regulator the Australian Securities and Investment Commission (ASIC) on Monday, found that 47 percent of Australian adults with debt -- the equivalent of 5.8 million people -- have struggled to make repayments in the last 12 months. A survey conducted by YouGov on behalf of the ASIC found that cost of living pressures, reduced income, and unexpected expenses were the most common reasons given for financial difficulties. Thirty percent of respondents to the survey said they would not seek hardship assistance from their bank or lend

Türkiye's annual inflation exceeds 75 pct in May

STORY: Türkiye's annual inflation exceeds 75 pct in May SHOOTING TIME: June 2-3, 2024/Archives DATELINE: June 4, 2024 LENGTH: 00:01:10 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people shopping in Istanbul, Türkiye (Shooting date: May 17, 2024) (courtesy of ihlas news agency) 2. various of people at a discount cafe in Samsun, Türkiye (Shooting date: June 2, 2024) (courtesy of ihlas news agency) 3. various of people at a fish bazaar in Düzce, Türkiye (Shooting date: June 3, 2024) (courtesy of ihlas news agency) 4. various of people shopping in Safranbolu, Türkiye (Shooting date: June 2, 2024) (courtesy of ihlas news agency) STORYLINE: Türkiye's annual inflation rate rose to 75.45 percent in May, the highest since November 2022, reaching the peak expected by the government and economists, according to official data released on Monday. Consumer prices rose by 3.37 percent in May, compared to an increase of 3.18 percent in April, as per data from the Turkish Statistical Institute. The highe

Nigerian labor unions begin nationwide strike over living wage demand

STORY: Nigerian labor unions begin nationwide strike over living wage demand SHOOTING TIME: June 3, 2024 DATELINE: June 4, 2024 LENGTH: 00:01:44 LOCATION: Abuja CATEGORY: SOCIETY SHOTLIST: 1. various of the strike 2. various of the meeting 3. SOUNDBITE (English): FESTUS OSIFO, Labor union leader STORYLINE: Nigerian labor unions on Monday commenced an indefinite nationwide strike to demand a living wage for local workers across various sectors, causing a widespread disruption affecting government offices, airports, schools, banks, and even the national power grid. SOUNDBITE (English): FESTUS OSIFO, Labor union leader "We are hereby declaring the commencement of a nationwide industrial action, a nationwide strike effective from Monday June 3, 2024 and this strike shall be indefinite. This strike shall be on until we have a new national minimum wage." The strike followed disagreements on various negotiations for a new minimum wage by government representatives and organized labor for several months, with

Tokyo consumer inflation accelerates in May

STORY: Tokyo consumer inflation accelerates in May SHOOTING TIME: recent footage DATELINE: June 3, 2024 LENGTH: 00:00:39 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views in Tokyo STORYLINE: Core inflation in Tokyo continued to rise in May as utility costs expanded, government data showed. The Tokyo core consumer price index, which excludes volatile fresh food but includes fuel costs, rose 1.9 percent in May from a year earlier, accelerating from a 1.6 percent rise in April, according to the internal affairs ministry. Seen as a leading indicator of nationwide trends in Japan, the Tokyo data released on Friday stood below the Bank of Japan's 2-percent target. The acceleration was largely pushed up by utility costs related to renewable energy promotion, as electricity bills increased for the first time in 16 months by rising 13.1 percent year on year. Meanwhile, prices of food excluding fresh items rose 3.2 percent, unchanged from the previous month. Xinhua News Agency correspondent

Turkish economy grows by 5.7 pct in Q1

STORY: Turkish economy grows by 5.7 pct in Q1 SHOOTING TIME: Recent footage DATELINE: June 1, 2024 LENGTH: 00:01:36 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of an engine factory in Türkiye (courtesy of ihlas news agency) 2. various of textile factories in Türkiye (courtesy of ihlas news agency) 3. various of Türkiye's Treasury and Finance Minister Mehmet Simsek 4. various of an iron products factory in Türkiye (courtesy of ihlas news agency) 5. various of construction sites in Türkiye (courtesy of Hatay Municipality) STORYLINE: The Turkish economy grew 5.7 percent year-on-year in the first quarter of 2024, slightly above expectations, according to official figures on Friday. Thus, the Turkish economy has grown for 15 consecutive quarters since the second quarter of 2020, when COVID-19 pandemic measures were implemented, the data released by the Turkish Statistical Institute shows. Despite the ongoing monetary tightening policy, household consumption accelerated in the run-up to the local e

Tokyo stocks close mixed on rising interest rates, positive U.S. futures

STORY: Tokyo stocks close mixed on rising interest rates, positive U.S. futures SHOOTING TIME: May 28, 2024 DATELINE: May 29, 2024 LENGTH: 00:01:51 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street view in Tokyo 2. various of Tokyo Stock Exchange 3. various of securities company STORYLINE: Tokyo stocks closed mixed on Tuesday amid concerns over rising long-term interest rates in Japan, while the market's downside was buoyed by positive U.S. stock futures. Japan's benchmark Nikkei stock index, the 225-issue Nikkei Stock Average, ended down 44.65 points, or 0.11 percent, from Monday at 38,855.37. The broader Topix index, meanwhile, finished 2.14 points, or 0.08 percent, higher at 2,768.50. Market watchers here noted the yield on the benchmark 10-year Japanese government bond briefly rose 0.015 percentage point from Monday's close to 1.035 percent, its highest level since April 2012, amid speculation that the Bank of Japan is shifting away from monetary easing measures. The Nikk

Tokyo stocks close above 17,000

Buoyed by expectations that the Japanese government will map out additional economic stimulus measures soon, share prices on the Tokyo Stock Exchange soared May 6, with the key Nikkei index closing above 17,000 for the first time in almost 14 months.

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