Australia's central bank lifts cash rate to 4.35 pct

STORY: Australia's central bank lifts cash rate to 4.35 pct SHOOTING TIME: Nov. 7, 2023 DATELINE: Nov. 8, 2023 LENGTH: 0:01:09 LOCATION: SYDNEY, Australia CATEGORY: ECONOMY SHOTLIST: 1. various of Sydney Opera House 2. various of the Reserve Bank of Australia 3. various of banks STORYLINE: The Reserve Bank of Australia (RBA) on Tuesday decided to raise the cash rate target by 25 basis points to 4.35 percent, after keeping the rate on hold for four consecutive months. Following a monetary policy meeting on Tuesday, RBA Governor Michele Bullock said in a statement that the rise in interest rates was warranted to be more assured that inflation would return to target in a reasonable timeframe. According to the latest figures released by the Australian Bureau of Statistics, the Consumer Price Index (CPI) rose 1.2 percent in the September 2023 quarter, higher than the 0.8-percent rise in the June 2023 quarter, while the annual inflation eased down from 6.0 percent to 5.4 percent. Automotive fuel and

Philippines to post robust growth despite inflation pressures: ADB

STORY: Philippines to post robust growth despite inflation pressures: ADB DATELINE: April 4, 2023 LENGTH: 00:02:20 LOCATION: Manila CATEGORY: ECONOMY SHOTLIST: 1. various of ADB headquarters 2. various of street views of Manila STORYLINE: Philippine economic growth is expected to remain in a healthy expansion mode this year from 2022's forecast-beating outturn, underpinned by rising domestic demand and a recovery in services, particularly tourism, according to a new Asian Development Bank (ADB) report released on Tuesday. Asian Development Outlook (ADO) April 2023, the ADB's flagship economic publication, expects the Philippine economy to grow by 6.0 percent this year, climbing further by 6.2 percent in 2024. The report says a recovery in employment and retail trade, sustained expansion in the manufacturing sector, and rising public infrastructure spending will support growth. However, it warns that risks from a sharper-than-expected slowdown in major advanced economies, heightened geopolitical

NTT DoCoMo reports lower profit, sales for 1st half

NTT DoCoMo reports lower profit, sales for 1st half

TOKYO, Japan - Masao Nakamura, president of NTT DoCoMo Inc., speaks at a press conference in Tokyo on Oct. 29. The mobile phone service provider said its April-September group net profit dropped 6.0 percent from a year earlier to 335.19 billion yen on sales that fell 3.3 percent to 2,451.95 billion yen.

NTT DoCoMo reports lower profit, sales for 1st half

NTT DoCoMo reports lower profit, sales for 1st half

TOKYO, Japan - Masao Nakamura, president of NTT DoCoMo Inc., speaks at a press conference in Tokyo on Oct. 29. The mobile phone service provider said its April-September group net profit dropped 6.0 percent from a year earlier to 335.19 billion yen on sales that fell 3.3 percent to 2,451.95 billion yen. (Kyodo)

Abe Cabinet's support rate down amid scandal over cut-price land deal

Abe Cabinet's support rate down amid scandal over cut-price land deal

Prime Minister Shinzo Abe (C) attends a graduation ceremony at a junior high school in Miyako, Iwate Prefecture, in northeastern Japan, on March 12, 2017. The support rate for Abe's Cabinet dropped 6.0 percentage points from the previous month to 55.7 percent in a Kyodo News poll released the same day, reflecting widespread discontent with a scandal over the cut-price sale of public land to a school operator with ties to the premier's wife. (Pool photo)(Kyodo) ==Kyodo