Australian inflation unchanged at 3.4 percent in Feb.

STORY: Australian inflation unchanged at 3.4 percent in Feb. SHOOTING TIME: March 27, 2024 DATELINE: March 28, 2024 LENGTH: 00:02:00 LOCATION: Canberra CATEGORY: ECONOMY SHOTLIST: 1. various of the building of Australian Bureau of Statistics 2. various of vehicles 3. various of a supermarket STORYLINE: Australia's rate of inflation remained steady for the third consecutive month in February, official data has revealed. According to figures published by the Australian Bureau of Statistics (ABS), the consumer price index (CPI), the headline measure of inflation in Australia, rose by 3.4 percent in the 12 months to February. "Annual inflation was unchanged in February and has been 3.4 percent for three consecutive months," Michelle Marquardt, head of prices statistics at the ABS, said in a media release. Xinhua News Agency correspondents reporting from Canberra. (XHTV)

Türkiye's inflation down to 61.4 pct in Oct.

STORY: Türkiye's inflation down to 61.4 pct in Oct. SHOOTING TIME: Nov. 3, 2023 DATELINE: Nov. 4, 2023 LENGTH: 0:01:21 LOCATION: Ankara CATEGORY: ECONOMY SHOTLIST: 1. various of people at a shopping mall in Istanbul (courtesy of ihlas news agency) 2. various of people at a restaurant in Türkiye (courtesy of ihlas news agency) 3. various of people at fish shops Türkiye (courtesy of ihlas news agency) STORYLINE: Turkish annual inflation eased for the first time in three months to 61.36 percent in October, official data showed on Friday. Month-on-month inflation was recorded as 3.43 percent in October, according to the Turkish Statistical Institute. Türkiye has been experiencing uninterrupted double-digit inflation since the end of 2019, making the cost of living difficult to bear for households across the country. The county's annual inflation rose for the third consecutive month to 61.53 percent in September, the highest level this year. Türkiye's central bank raised its inflation projections for 2023 a

India's foreign exchange reserves dip to 4-month low

STORY: India's foreign exchange reserves dip to 4-month low DATELINE: Oct. 2, 2023 LENGTH: 00:01:20 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. India gate 2. Reserve Bank of India (RBI) 3. various of banks 4. various of market 5. various of traffic STORYLINE: India's foreign exchange reserves fell by 2.335 billion U.S. dollars to 590.7 billion dollars during the week ending Sept. 22, according to the latest data released by the central bank, the Reserve Bank of India (RBI). That was the lowest foreign reserves in the past four months. It was also the third consecutive week that India's forex reserves had declined. According to the data, foreign currency assets decreased by 2.55 billion dollars to 523.36 billion dollars. Gold reserves increased by 307 million dollars to 44.307 billion dollars. Special Drawing Rights dipped by 79 million dollars to 18.01 billion dollars. The country's Reserve position in the International Monetary Fund decreased by 11 million dollars to 5.02 billion dollars. Xinhu

China's economy lukewarm in June

China's economy lukewarm in June

A commercial facility is quiet in Beijing on June 30, 2023, as China's manufacturing purchasing managers' index stood at 49.0 in June, slipping below 50 for the third consecutive month.

India's retail inflation falls to 4.25 pct in May

STORY: India's retail inflation falls to 4.25 pct in May DATELINE: June 13, 2023 LENGTH: 00:01:30 LOCATION: New Delhi CATEGORY: ECONOMY SHOTLIST: 1. various of New Delhi 2. various of markets STORYLINE: India's retail inflation rate in May decreased to 4.25 percent, the third consecutive month below the Reserve Bank of India's upper tolerance limit of 6 percent, official data showed on Monday. Food inflation moderated to 2.91 percent, but cereals, pulses, milk, and spices remained areas of concern. Urban consumers faced slightly higher inflation than rural counterparts at 4.27 percent and 4.17 percent respectively. However, food inflation was lower in urban areas, easing significantly to 2.43 percent from April's 3.7 percent. Vegetable and edible oil prices contributed the most to the cooling inflation pace. Xinhua News Agency correspondents reporting from New Delhi. (XHTV)

Japan books 13.6 bln USD current account surplus in April

STORY: Japan books 13.6 bln USD current account surplus in April DATELINE: June 8, 2023 LENGTH: 00:00:37 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of ports in Japan 2. various of city views in Japan STORYLINE: Japan logged a current account surplus of 1.9 trillion yen (13.6 billion U.S. dollars) in April, said a government report on Thursday. According to the Finance Ministry's preliminary information, the figure, in the black for the third consecutive month, was 76.3 percent higher than in the same period last year. According to the ministry, the country saw a goods trade deficit of 113.1 billion yen and a services trade deficit of 646.5 billion yen in the recording period. Imports decreased by 4.1 percent while exports expanded 2.6 percent year on year, the preliminary data showed. The report also said that the primary income, which reflects returns on overseas investments, booked a surplus of 3.07 trillion yen. (1 U.S. dollar equals 139.94 Japanese yen) Xinhua News Agency

Italy's public debt tops 3 trillion USD for 1st time

STORY: Italy's public debt tops 3 trillion USD for 1st time DATELINE: May 16, 2023 LENGTH: 0:00:55 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of monuments in Rome 2. various of banks in Rome 3. various of shops in Rome STORYLINE: Italy's public debt climbed above 3 trillion U.S. dollars in the latest reporting period, according to data released Monday. The Bank of Italy said that the government's debt was 2.790 trillion euros (3.022 trillion dollars) in March, up from 2.762 trillion euros (2.992 trillion dollars) in the previous month. It was the third consecutive month that the country's public debt went up and it is the first time that the figure crossed the 3 trillion dollars level. Despite the increase in public debt, Italy's ratio of debt to gross domestic product (GDP) has fallen since reaching an all-time high of around 155 percent of GDP during the peak of the coronavirus pandemic in 2020. The Italian economy afterwards has grown, and the debt-to-GDP ratio has declined to 144

Japan's real wages drop for 12th straight month in March

STORY: Japan's real wages drop for 12th straight month in March DATELINE: May 9, 2023 LENGTH: 00:00:51 LOCATION: Tokyo CATEGORY: ECONOMY SHOTLIST: 1. various of street views of Tokyo STORYLINE: Real wages in Japan declined for a 12th straight month in March from a year earlier, leading to households spending less as a result of rising inflation, the government said in a report on Tuesday. According to the Ministry of Health, Labor and Welfare, nominal wages including base and overtime pay rose 0.8 percent to an average of 291,081 yen (2,100 U.S. dollars). The 0.8 percent increase in yen terms marks the 15th consecutive month of increase, although the monthly rise has remained below the 1 percent threshold for a third straight month, the data showed. The government said in a separate report Tuesday that household spending decreased in March from a year earlier. The Ministry of Internal Affairs and Communications said household spending in the reporting period fell 1.9 percent from a year ear

Italian consumer confidence reaches highest level in a year

STORY: Italian consumer confidence reaches highest level in a year DATELINE: April 28, 2023 LENGTH: 00:00:34 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of Italian consumers STORYLINE: Consumer confidence in Italy reached its highest level in more than a year in April, the government's main statistical entity (ISTAT) reported Thursday. ISTAT said its consumer confidence index rose for the third consecutive month in April, climbing to 105.5 from 105.1 a month earlier. This is the highest level since March 2022. "The positive trend in the index reflects the improvement in assessments of the general and current economic situation," ISTAT said. However, improvements in personal economic situations have been less robust, it added. Business confidence also climbed in April, rising to 110.5 from 110.1, but the components of that survey were mixed. Although respondents noted an improvement in the current economic climate, there was also a drop in confidence about future economic circumstances. The

SRI LANKA-CENTRAL BANK-MONETARY POLICY REVIEW

SRI LANKA-CENTRAL BANK-MONETARY POLICY REVIEW

(230125) -- COLOMBO, Jan. 25, 2023 (Xinhua) -- Governor of the Central Bank of Sri Lanka (CBSL) Nandalal Weerasinghe attends a press conference on monetary policy review in Colombo, Sri Lanka, Jan. 25, 2023. Sri Lanka has recorded a drop in inflation for the third consecutive month as the economy looks to gradually recover, the country's Central Bank said on Wednesday. The Central Bank said that the economy is set to make a gradual recovery during the year of 2023 supported by the expected improvements in domestic supply conditions, underpinned by the timely implementation of corrective policy measures. (Photo by Gayan Sameera/Xinhua)

Oda takes lead after short program at Cup of China

Oda takes lead after short program at Cup of China

BEIJING, China - Japan's Nobunari Oda performs at the Cup of China, the third event of the Grand Prix series, in Beijing on Oct. 30, 2009. Oda, who won the season-opening Trophee Bombard in Paris earlier this month, got off to a flying start in his bid for a second consecutive title after grabbing the lead in the men's short program with 83.5 points.

Nov. jobless rate sets record for 3rd month at 5.5%

Nov. jobless rate sets record for 3rd month at 5.5%

TOKYO, Japan - Job seekers check job information on computer screens at a ''Hello Work'' office, a government-run job placement office, in Tokyo's Bunkyo Ward on Dec. 28. The government announced the same day that Japan's unemployment rate climbed to 5.5% in November, setting a record high for the third consecutive month, with job losses by middle-aged, full-time male workers showing a marked increase.

Government again downgrades economic assessment

Government again downgrades economic assessment

TOKYO, Japan - (From L to R) Taro Aso, minister in charge of economic and fiscal policy, Chief Cabinet Secretary Yasuo Fukuda, Ryutaro Hashimoto, minister in charge of administrative reform, Finance Minister Kiichi Miyazawa and Prime Minister Yoshiro Mori chat before they discuss a monthly economic report on April 13. The government said in the report the Japanese economy is weakening, downgrading its assessment of overall domestic economic activity for the third consecutive month.

Spain's inflation remains over 10 pct in August

STORY: Spain's inflation remains over 10 pct in August DATELINE: Aug. 31, 2022 LENGTH: 00:01:14 LOCATION: Madrid CATEGORY: ECONOMY SHOTLIST: 1. various of supermarket 2. various of restaurant 3. SOUNDBITE (Spanish): NADIA CALVINO, Spain's First Deputy Prime Minister and Minister for the Economy 4. various of electricity grid 5. various of metro station 6. various of street view STORYLINE: Spain's inflation rate fell by 0.4 percent to 10.4 percent in August, but remains above 10 percent for a third consecutive month, according to preliminary data published by the Spanish Statistical Office (INE) on Tuesday. The data, which will be confirmed on Sept. 13, ends a run of three consecutive months of price rises, although inflation remains in double-digits. The INE says August's slight fall in inflation is mainly due to a drop in the prices of gasoline and other liquid fuels, which offset increases in the cost of electricity, food, dining in restaurants and bars, and holidays. SOUNDBITE (Spanish): NADIA CALVIN

Nov. jobless rate sets record for 3rd month at 5.5%

Nov. jobless rate sets record for 3rd month at 5.5%

TOKYO, Japan - Job seekers check job information on computer screens at a ''Hello Work'' office, a government-run job placement office, in Tokyo's Bunkyo Ward on Dec. 28. The government announced the same day that Japan's unemployment rate climbed to 5.5% in November, setting a record high for the third consecutive month, with job losses by middle-aged, full-time male workers showing a marked increase.

Oda takes lead after short program at Cup of China

Oda takes lead after short program at Cup of China

BEIJING, China - Japan's Nobunari Oda performs at the Cup of China, the third event of the Grand Prix series, in Beijing on Oct. 30, 2009. Oda, who won the season-opening Trophee Bombard in Paris earlier this month, got off to a flying start in his bid for a second consecutive title after grabbing the lead in the men's short program with 83.5 points. (Kyodo)

Government again downgrades economic assessment

Government again downgrades economic assessment

TOKYO, Japan - (From L to R) Taro Aso, minister in charge of economic and fiscal policy, Chief Cabinet Secretary Yasuo Fukuda, Ryutaro Hashimoto, minister in charge of administrative reform, Finance Minister Kiichi Miyazawa and Prime Minister Yoshiro Mori chat before they discuss a monthly economic report on April 13. The government said in the report the Japanese economy is weakening, downgrading its assessment of overall domestic economic activity for the third consecutive month.