India's GDP grows by 8.2 pct

STORY: India's GDP grows by 8.2 pct SHOOTING TIME: June 1, 2024 DATELINE: June 2, 2024 LENGTH: 0:01:32 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market area 3. various of fuel station 4. various of the Reserve Bank of India STORYLINE: India's gross domestic product (GDP) growth during the previous financial year from April 2023 to March 2024 recorded a jump of nearly 1.2 percent from a year earlier, according to data released by the federal Ministry of Statistics and Program Implementation on Friday. The country's GDP grew 8.2 percent for the full year, and 7.8 percent during the last quarter (January-March 2024) of the financial year, it said. According to media reports, the GDP growth was better than what most economists had predicted. The Reserve Bank of India had forecasted a 6.9-percent growth in real GDP for the fourth quarter of the financial year 2023-2024, with a full-year projection of 7.6 percent. Xinhua News Agency correspondents reporting from N

Australian inflation falls to 2-year low

STORY: Australian inflation falls to 2-year low SHOOTING TIME: Feb. 2, 2024 DATELINE: Feb. 2, 2024 LENGTH: 00:01:10 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of Australians shopping at supermarkets STORYLINE: Australia's rate of inflation fell to its lowest level in over two years at the end of 2023, official figures have revealed. According to data published by the Australian Bureau of Statistics (ABS) this week, the consumer price index (CPI) - Australia's headline measure of inflation - rose by 0.6 percent in the fourth quarter of 2023 spanning from the start of October to the end of December - half the 1.2 percent rise in the previous three-month period. It marks the lowest quarterly CPI rise since the first quarter of 2021. In the 12 months to the end of December, the CPI rose by 4.1 percent, the ABS said, down from a peak annual rise of 7.8 percent in the year to December 2022. The Australian Broadcasting Corporation (ABC) reported on Thursday that economists had forec

China's digitally deliverable trade in services up 10.4 pct in first 8 months

STORY: China's digitally deliverable trade in services up 10.4 pct in first 8 months DATELINE: Oct. 24, 2023 LENGTH: 00:00:47 LOCATION: Beijing CATEGORY: ECONOMY SHOTLIST: 1. SOUNDBITE (Chinese): WANG SHOUWEN, Chinese Vice Commerce Minister 2. various of digitally deliverable trade in services STORYLINE: In the first eight months of this year, China's digitally deliverable trade in services stood at 1.81 trillion yuan (about 247.6 billion U.S. dollars), an increase of 10.4 percent year on year, according to Vice Commerce Minister Wang Shouwen on Tuesday. SOUNDBITE (Chinese): WANG SHOUWEN, Chinese Vice Commerce Minister "The overall scale of China's digital trade is steadily expanding. In 2022, China's digitally deliverable trade in services reached 2.51 trillion yuan (about 343.4 billion U.S. dollars), up 7.8 percent year on year, ranking fifth in the world. In the first eight months of this year, China's digitally deliverable trade in services stood at 1.81 trillion yuan (about 247.6 billion U.S. dollars

India sees GDP growth of 7.8 pct in Q2

STORY: India sees GDP growth of 7.8 pct in Q2 DATELINE: Sept. 2, 2023 LENGTH: 00:01:27 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of market area 3. various of wholesale market area 4. various of gas station 5. various of traffic STORYLINE: India's gross domestic product (GDP) during the April-June quarter grew by 7.8 percent, according to the data released by the country's Ministry of Statistics and Program Implementation on Thursday. It was higher than the 6.1-percent GDP growth rate registered during the January-March quarter, but much lower than the 13.1-percent rate recorded in the April-June quarter of the previous year. The figures released on Thursday echoed the country's Finance Minister Nirmala Sitharaman's opinion on the Indian economy's growth. "Till after the new year, you would have enough reasons to believe that the demand situation is going to only go up. So, I expect the next quarter will also do well," the minister was earlier quoted as saying by

India's central bank says 2022-23 GDP growth may surpass estimated 7 pct

STORY: India's central bank says 2022-23 GDP growth may surpass estimated 7 pct DATELINE: May 25, 2023 LENGTH: 00:01:36 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of government building 3. various of agriculture 4. various of market area 5. various of traffic STORYLINE: Governor of the Reserve Bank of India Shaktikanta Das said Wednesday the country's gross domestic product (GDP) growth in the financial year 2022-23 could be more than the estimated 7 percent. Data will come at the end of this month, and all the economic indicators in the fourth quarter of the last financial year show that economic activity sustained momentum, Das said while speaking at the annual session of the Confederation of Indian Industry in New Delhi. Last month, the Reserve Bank of India said the real GDP growth for 2023-24 is projected at 6.5 percent with Q1 at 7.8 percent, Q2 at 6.2 percent, Q3 at 6.1 percent and Q4 at 5.9 percent. "We derive confidence at this point of time fro

India's unemployment rate hits 4-month high in April

STORY: India's unemployment rate hits 4-month high in April DATELINE: May 4, 2023 LENGTH: 00:01:30 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of New Delhi 3. various of laborers waiting for work STORYLINE: India's unemployment rate reached a four-month high in April at 8.11 percent, up from 7.8 percent in March, according to the latest data from the economic research house Center for Monitoring Indian Economy (CMIE). While rural unemployment decreased marginally to 7.34 percent in April from 7.47 percent in March, urban unemployment increased to 9.81 percent from 8.51 percent during the same period. Despite the increase in the unemployment rate, more jobs were created in April, particularly in rural areas. Around 22.1 million jobs were created in April, with a job creation rate of 94.6 percent in rural areas and 54.8 percent in urban areas. The data underscore the ongoing challenge facing Prime Minister Narendra Modi's government as it grapples with the need to

India's unemployment rate rises to 3-month high of 7.8 pct in March: CMIE

STORY: India's unemployment rate rises to 3-month high of 7.8 pct in March: CMIE DATELINE: April 2, 2023 LENGTH: 00:01:31 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of India gate 2. various of office-going people 3. various of labors waiting for work 4. various of labors working on road construction STORYLINE: According to the latest data released by the Center for Monitoring Indian Economy (CMIE), the unemployment rate in India has risen to a three-month high of 7.8% in March 2023, indicating a deterioration in the country's labor market. The northern state of Haryana continues to have the highest unemployment rate in the country at 26.8 percent, followed by its neighboring state Rajasthan at 26.4 percent. The unemployment rate in urban areas was higher at 8.51 percent, while in rural areas it stood at 7.47 percent, the data showed. In February, the unemployment rate in urban areas stood at 7.93 percent, while in rural areas it was at 7.23 percent. The states that witnessed the least u

Australian central bank lifts cash rate to 3.35 pct

STORY: Australian central bank lifts cash rate to 3.35 pct DATELINE: Feb. 8, 2023 LENGTH: 00:00:46 LOCATION: SYDNEY, Australia CATEGORY: ECONOMY SHOTLIST: 1. various of banks in Sydney 2. various of Sydney views STORYLINE: The Reserve Bank of Australia (RBA) on Tuesday increased the cash rate target by 25 basis points to 3.35 percent, delivering a ninth straight hike since the central bank began raising rates in May last year. The RBA also lifted the interest rate on Exchange Settlement balances by 25 basis points to 3.25 percent. RBA Governor Philip Lowe said in a statement that in Australia, CPI inflation over the year to the December quarter was 7.8 percent, the highest since 1990, while in underlying terms, inflation was 6.9 percent, which was higher than expected. "Global factors explain much of this high inflation, but strong domestic demand is adding to the inflationary pressures in a number of areas of the economy," said the governor. According to the statement, the central bank's f

China's 3rd qtr economic growth

China's 3rd qtr economic growth

BEIJING, China - Sheng Laiyun, spokesman of China's National Bureau of Statistics, announces China's economic growth data in the July-September quarter of 2013 in Beijing on Oct. 18, 2013. China's economic growth picked up to 7.8 percent in the quarter from a year earlier, from 7.5 percent expansion in the previous three months, recording the fastest pace of growth for the year.

Yamaha to sell part of stake in Yamaha Motor to Mitsui, others

Yamaha to sell part of stake in Yamaha Motor to Mitsui, others

TOKYO, Japan - Shuji Ito (L), president of Japanese musical instrument maker Yamaha Corp., and Takashi Kajikawa (R), president of its affiliated motorcycle maker Yamaha Motor Co., meet the press in Tokyo on May 21 to announce their decision that Yamaha will sell a 7.8 percent Yamaha Motor stake, while Yamaha Motor will buy Yamaha stock equal to up to 5 percent of its outstanding shares.

Mexico's inflation slows to 7.8 pct in November

STORY: Mexico's inflation slows to 7.8 pct in November DATELINE: Dec. 9, 2022 LENGTH: 00:01:31 LOCATION: Mexico City CATEGORY: ECONOMY SHOTLIST: 1. various of Mexico's central bank 2. various of commercial banks STORYLINE: Mexico's annual inflation rate slowed to 7.8 percent through November year on year, due to a decrease in the price of some foods and liquefied petroleum gas (LPG), the National Institute of Statistics and Geography (Inegi) said Thursday. According to Inegi's monthly report, the national consumer price index (CPI) rose 0.58 percent in November compared to the previous month. Core inflation, closely monitored by the central bank of Mexico (Banxico), stood at 8.51 percent through November, after registering a 0.45 percent increase for the month compared with October. The price of onions fell 23.59 percent in November compared to October, while the price of domestic LPG dropped 2.29 percent. In a report issued separately, Mexico's Monex Financial Group said the slowing in inflation to 7.

Egypt's inflation hits five-year high at 18.7% in November

STORY: Egypt's inflation hits five-year high at 18.7% in November DATELINE: Dec. 9, 2022 LENGTH: 00:01:39 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of exterior shots of the Central Agency for Public Mobilization and Statistics (CAPMAS) 2. various of the Nile River in Cairo 3. various of a supermarket 4. various of open-air market selling vegetables 5. various of shops selling meat and poultry STORYLINE: Egypt's annual urban consumer inflation rate surged from 16.2 percent in October to 18.7 percent in November, a five-year high since December 2017, when it hit 21.9 percent, according to the Central Agency for Public Mobilization and Statistics (CAPMAS) on Thursday. The price hikes followed a currency devaluation in October and continued restrictions on imports. Vegetable prices rose by 7.8 percent, dairy (cheese and eggs) by 5.5 percent, and cereals and bread by 4.8 percent. Prices of fish and seafood rose by 3.7 percent and meat and poultry by 6.8 percent, according to CAPMAS. The Egyptia

Egyptian economy achieved high growth in first 9 months of current fiscal year

STORY: Egyptian economy achieved high growth in first 9 months of current fiscal year DATELINE: May 26, 2022 LENGTH: 00:00:57 LOCATION: Cairo CATEGORY: ECONOMY SHOTLIST: 1. various of workers working at the factory 2. various of supermarket 3. various of Suez Canal STORYLINE: Egyptian Minister of Planning and Economic Development Hala Al-Saeed reviewed on Wednesday in a cabinet meeting the performance indicators of the Egyptian economy during the third quarter and the first nine months of the current fiscal year 2021/2022. The Minister pointed out that the Egyptian economy achieved high growth during the first nine months of the current fiscal year (July 2021 - March 2022) by 7.8 percent, compared to 1.9 percent, during the corresponding period of last fiscal year, while the growth rate during the third quarter of the current fiscal year (January-March 2022) was 5.4 percent. In this context, the Minister of Planning and Economic Development clarified that manufacturing, trade, extractions, real estate ac

Türkiye's economy grows 7.6 pct in Q2

STORY: Türkiye's economy grows 7.6 pct in Q2 DATELINE: Sept. 1, 2022 LENGTH: 0:00:56 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1 various of the port, seashore, market STORYLINE: According to the Turkish Statistical Institute on Wednesday, Türkiye's economy grew by 7.6 percent year on year in the second quarter. The country's GDP at current prices increased by 114.6 percent to 3.4 trillion Turkish liras (219.3 billion U.S. dollars) in the April-June period. Trade Minister Mehmet Mus tweeted that half of the growth stemmed from exports of goods and services. Household consumption surged by 22.5 percent compared with the same period last year, while the gross fixed capital formation increased 4.7 percent, and the government consumption spending 2.3 percent. The annual sectoral growth was 7.8 percent in industry and 18.1 percent in services in this period, but construction decreased 10.9 percent, and agriculture, forestry and fishing by 2.9 percent. With this growth, Türkiye became the second f

Tunisia to raise interest rate as inflation hits new high

STORY: Tunisia to raise interest rate as inflation hits new high DATELINE: June 12, 2022 LENGTH: 0:01:29 LOCATION: Tunis CATEGORY: ECONOMY SHOTLIST: 1. various of a fast food store in Tunis 2. various of a grocery store in Tunis 3. various of a supermarket in Tunis STORYLINE: Tunisian Central Bank announced on Friday that due to the current high inflation rate in Tunisia, the Central Bank will raise the key interest rate to 7 percent. According to data released by the Central Bank, Tunisia's inflation rate reached 7.8 percent in May, the highest in recent years. The ballooning inflation was driven by the increasing food and energy prices in the international market caused by the conflict between Russia and Ukraine. Tunisia relies on imports for its main food and energy, which has led to a general rise in the domestic prices of various commodities. Tunisia currently has only 8 billion U.S. dollars in foreign exchange reserves. Local economic analysts say that if inflation keeps rising, the local politi

Yamaha to sell part of stake in Yamaha Motor to Mitsui, others

Yamaha to sell part of stake in Yamaha Motor to Mitsui, others

TOKYO, Japan - Shuji Ito (L), president of Japanese musical instrument maker Yamaha Corp., and Takashi Kajikawa (R), president of its affiliated motorcycle maker Yamaha Motor Co., meet the press in Tokyo on May 21 to announce their decision that Yamaha will sell a 7.8 percent Yamaha Motor stake, while Yamaha Motor will buy Yamaha stock equal to up to 5 percent of its outstanding shares. (Kyodo)

Japan adopts bills to cut public servants' wages

Japan adopts bills to cut public servants' wages

TOKYO, Japan - Japanese Prime Minister Naoto Kan (C) and Cabinet ministers attend a meeting at the premier's office in Tokyo on June 3, 2011. The government adopted relevant bills for civil service reform at the Cabinet meeting, featuring an average annual wage cut of 7.8 percent through March 2014. (Kyodo)

Japan sees record foreign visitors, tourist spending in 2016

Japan sees record foreign visitors, tourist spending in 2016

An American man (L) explains how to taste sake to visitors at a brewery in Niigata, Japan, on Jan. 17, 2017. Spending by foreign visitors to Japan in 2016 grew 7.8 percent to 3.75 trillion yen ($33.2 billion) and the number of foreign visitors rose 21.8 percent to 24.04 million, both all-time highs, the government said the same day. (Kyodo) ==Kyodo