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☆ Asia-Pacific markets rise after Wall Street's jump; yen hovers near 149-levels
▼ + stars: | 2022-10-18 | by ( Abigail Ng | ) www.cnbc.com time to read: +1 min

The Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Nov. 30, 2020. Shares in the Asia-Pacific traded higher on Tuesday after Wall Street's rally overnight. Japan's yen touched 149.08 against the dollar and was last trading near 148.90. MSCI's broadest index of Asia-Pacific shares outside Japan added 0.46%. The unusual move comes as the Communist Party of China holds its 20th National Congress.

☆ China delayed the release of key economic data to avoid distraction amid the Communist Party Congress, not to conceal data, analysts say
▼ + stars: | 2022-10-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China delayed the release of key economic data, including third-quarter GDP, scheduled for this week. The postponement of the data — GDP in particular — has raised speculation that the numbers are deliberately being hidden. "Beijing just wants everyone and the media coverage to focus on the Congress, not on economic data." While delays in monthly statistical data release are indeed "quite unusual," they are not unprecedented, according to Zhuang. However, it's the first time Beijing is delaying GDP data release.

HONG KONG, Oct 18 (Reuters Breakingviews) - It’s mid-afternoon Monday in Beijing and a simple question is doing the rounds: will China’s latest GDP figures be published as scheduled the next day? A day later, there’s still no sign of when the data will land, nor any clear explanation. It invites speculation that the numbers show the economy is in bad shape and are being kept under wraps so they don’t steal the thunder of the ruling Communist Party’s twice-a-decade congress, which began on Sunday. The delay came amid the twice-a-decade congress of the ruling Communist Party which runs from Oct. 16 to 22. Register now for FREE unlimited access to Reuters.com RegisterEditing by Antony Currie and Thomas ShumOur Standards: The Thomson Reuters Trust Principles.

☆ China Abruptly Delays GDP Release During Communist Party Conference
▼ + stars: | 2022-10-17 | by ( Stella Yifan Xie | ) www.wsj.com time to read: 1 min

A press conference being held Monday on the sidelines of the Communist Party’s 20th National Congress in Beijing. HONG KONG—China abruptly delayed the publication of its third-quarter gross domestic product data on Monday, a day before it was set to be released, an unusual move as the country’s ruling Communist Party stages a key political gathering this week. The GDP figure, as well as a series of other major economic indicators including retail sales, property sales and fixed-asset investment, originally slated to be released on Tuesday, were marked as “delayed” on the website of China’s National Bureau of Statistics Monday afternoon.

☆ China delays release of key economic data amid party congress
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +3 min

The highly unusual delay comes amid the week-long congress of the ruling Communist Party, a twice-a-decade event that is an especially sensitive time in China. He said the delay was unlikely to affect market sentiment as most preliminary economic data pointed to a pick-up in recovery in the third quarter. The delays followed the unexplained delay in the release of September's trade data by the General Administration of Customs, which had been due out on Friday. The trade data was not released on Monday and calls to the customs administration seeking comment went unanswered. At the last party congress, in 2017, third quarter GDP data was released as usual.

☆ China delays release of economic indicators including Q3 GDP
▼ + stars: | 2022-10-17 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Aly SongBEIJING, Oct 17 (Reuters) - China will delay the release of economic indicators originally scheduled for publication this week, including the country's third-quarter gross domestic product due on Tuesday, according to an updated calendar on the statistics bureau's website. The data for third-quarter GDP - originally scheduled for release at 10:00 a.m. local time (0200 GMT) on Tuesday - had been highly anticipated after the world's second-largest economy grew just 0.4% in the second quarter from a year earlier. The delays announced on Monday followed an unexplained move by the General Administration of Customs on Friday to skip its previously scheduled release of September's trade data. The trade statistics had been expected to show China's export growth weakened further from August, dragged down by soft global demand, while its imports remained tepid. The trade data was still not released on Monday and calls to the customs administration seeking comment went unanswered.

“My forecast is for a further decline of 1.2% [on a quarterly basis for China’s GDP]. China’s GDP declined 2.6% in the second quarter from the previous one, reversing a 1.4% growth in the January-to-March period. Economists polled by Reuters have expected China’s GDP to expand by 3.4% in the third quarter from a year earlier. Many international organizations, including the IMF and World Bank, have recently downgraded China’s GDP growth forecasts for this year. Bennett expected the third-quarter GDP data to be released after the Party Congress.

☆ Robust or vulnerable? Experts are split on Australia's economic outlook
▼ + stars: | 2022-10-16 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +5 min

According to Australia's Bureau of Statistics, Australia's inflation rate rose to 6.1 in June, a 21-year high. Australia's unemployment rate stood at 3.5% in August, and household savings ratio fell to 8.7% in the March to June quarter. Additionally, a small share of borrowers with high debt and low savings are "vulnerable" to payment difficulties. In addition, Assistant Treasurer Stephen Jones cautioned that Australia's economy is not "hermetically sealed" from the forecasted downturn of the international economy, Sky news reported. This will in turn have an impact on Australia's growth forecast.

☆ China inflation at 29-mth high but price pressure largely benign
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +4 min

Consumer prices rose an expected 2.8% from a year earlier, accelerating from 2.5% in August and climbing at the fastest pace since April 2020, data from the National Bureau of Statistics showed on Friday. The producer price index (PPI) rose 0.9% year-on-year, easing sharply from a 2.3% rise in August and hitting the weakest since January 2021. "Headline CPI inflation (on a year-over-year basis) is likely to stay moderate in the coming months on both a high base and subdued services demand," analysts at Goldman Sachs said in a note. Food was largely behind last month's inflation pickup, with prices up 8.8% on year after a 6.1% gain in August. Reuters GraphicsOn a month-on-month basis, consumer prices rose 0.3% after a 0.1% fall in August, also supported by a monthly rise in pork prices.

☆ China’s Inflation Rises at Fastest Pace in Two Years
▼ + stars: | 2022-10-14 | by ( Jason Douglas | ) www.wsj.com time to read: 1 min

SINGAPORE—Consumer prices in China rose in September at their fastest annual pace in more than two years, though inflation in the world’s second-largest economy remains mild compared with rates seen in Europe and the U.S. Annual inflation hit 2.8% in September, China’s National Bureau of Statistics said Friday, driven by a sharp rise in prices of food, especially pork. That compared with a 2.5% annual rise in consumer prices in August, and marked the fastest rate of inflation since April 2020.

☆ China's Sept consumer prices rise at fastest pace since April 2020
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +3 min

The consumer price index (CPI) rose 2.8% from a year earlier, quickening from a 2.5% increase in August, National Bureau of Statistics (NBS) data showed on Friday, in line with forecast in a Reuters poll of analysts. Consumer inflation accelerated as food prices rose 8.8% on year from a 6.1% gain in August. Pork prices leapt 36.0% from 22.4% growth a month prior and vegetable prices jumped 12.1% from a 6.0% rise previously. On a month-on-month basis, the CPI grew 0.3% after a 0.1% fall in August, also supported by a rise in monthly pork price inflation. The producer price index (PPI) grew at the slowest pace since January 2021, rising 0.9% year-on-year from 2.3% growth a month earlier, and compared with a forecast of 1.0%.

☆ Israel annual inflation rate holds at 4.6% in September
▼ + stars: | 2022-10-14 | by ( ) www.reuters.com time to read: +1 min

JERUSALEM, Oct 14 (Reuters) - Israel's annual consumer price index (CPI) of inflation remained at a 4.6% rate in September, the Central Bureau of Statistics said on Friday, amid steep Bank of Israel rate hikes in recent months. A Reuters poll of analysts had projected an inflation rate of 4.5% last month. CPI rose 0.2% in September from August, led by gains in fresh produce, healthcare, education and furniture, the bureau said. In a bid to cool inflation, Israel's central bank has raised its benchmark rate (ILINR=ECI) to 2.75% from 0.1% in April, the last two moves strong 75 basis-point hikes in August and on Oct. 3. read moreRegister now for FREE unlimited access to Reuters.com RegisterReporting by Steven Scheer; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ China's consumer prices jump by the most in more than two years
▼ + stars: | 2022-10-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

China's consumer price index increased by 2.8% in September from a year ago as prices of food, especially pork, rose. BEIJING — China's consumer prices rose in September at their fastest pace in more than two years as pork prices climbed, the National Bureau of Statistics said Friday. The consumer price index increased by 2.8% last month from a year ago, matching expectations from a Reuters poll. Much of the gains came from a continued pickup in pork prices, which rose by 36% year-on-year for their biggest rise since August 2020, Wind data showed. Pork, a food staple in China, has a significant weighting in the country's official consumer price index.

EU distillate inventories were just 360 million barrels at the end of September, the lowest seasonal level since 2004. The global petroleum and refining system has proved unable to keep up with rapid growth in fuel consumption as a result of the manufacturing and freight-led recovery after the coronavirus pandemic. In any event, accelerating refinery processing will simply push the shortage upstream from the fuel market to the crude market. But with spare capacity almost exhausted, a recession is the most likely route to rebalancing the distillate market in particular and the petroleum market in general. Related columns:- OPEC+ risks overtightening the oil market (Reuters, Oct. 12).

☆ Australia's house prices fall, interest rates soar but analysts say there's no crash yet
▼ + stars: | 2022-09-29 | by ( Su-Lin Tan | ) www.cnbc.com time to read: +10 min

Mortgage rates have fallen to below 2% in recent years, but interest rates are rising rapidly in Australia. Home prices fallNational house prices have fallen for a fourth straight month as demand for homes start to slide due to higher costs of borrowing, according to Corelogic. In Sydney, Australia's biggest city, home prices have fallen over 7% since prices started unwinding at the start of the year, just before interest rates lifted. Since hitting peak prices earlier this year, house prices in Melbourne have fallen nearly 5%. Since hitting peak prices earlier this year, house prices in Melbourne have fallen nearly 5%.

☆ Australia monthly CPI measure slows slightly to 6.8% y/y in August
▼ + stars: | 2022-09-29 | by ( Wayne Cole | ) www.reuters.com time to read: +2 min

The Australian Bureau of Statistics (ABS) reported its monthly indicator of consumer prices (CPI) rose 6.8% in August from a year earlier. In contrast, annual inflation for fruit and vegetables more than doubled to 18.6% in August as flooding hit the farm sector. Utility prices have also been rising but are only included in the quarterly CPI release. This is only the second release of the monthly CPI indicator, with the September data due in late October and then at roughly four-week intervals. The monthly CPI only has around two thirds of the price observations of the quarterly series and is more volatile, somewhat limiting its usefulness.

☆ China's industrial profit declines accelerate in Jan-Aug
▼ + stars: | 2022-09-27 | by ( ) www.reuters.com time to read: +2 min

Register now for FREE unlimited access to Reuters.com RegisterPedestrians cast their shadows on a wall at a construction site in Beijing December 12, 2014. REUTERS/Kim Kyung-Hoon/BEIJING, Sept 27 (Reuters) - Profits at China's industrial firms shrank at a faster pace in January-August, as strict COVID restrictions and a deepening property slump weighed on domestic demand and heatwaves curbed factory activity. read moreChina's industrial output rose 4.2% from a year earlier in August, quickening from a 3.8% rise in July. Liabilities at industrial firms jumped 10.0% from a year earlier in August, slightly slower than the 10.5% growth in July. ($1 = 7.1584 Chinese yuan)Register now for FREE unlimited access to Reuters.com RegisterReporting by Liangping Gao, Ella Cao and Ryan Woo; Editing by Sam HolmesOur Standards: The Thomson Reuters Trust Principles.

☆ Nazi sympathizer and Jan. 6 rioter who claimed he didn't know Congress met at Capitol to be sentenced Thursday
▼ + stars: | 2022-09-22 | by ( Ryan J. Reilly | Ryan J. Reilly Is A Justice Reporter For Nbc News. | ) www.nbcnews.com time to read: +4 min

WASHINGTON — A Jan. 6 rioter who has dressed up as Adolf Hitler and held a security clearance is scheduled to be sentenced in federal court judge Thursday. “I know this sounds idiotic, but I’m from New Jersey,” Hale-Cusanelli told jurors when he said he didn't know Congress met at the Capitol. Hale-Cusanelli was convicted on all five counts he faced, including a felony charge of obstruction of an official proceeding. “Hale-Cusanelli is, at best, extremely tolerant of violence and death,” prosecutors said. U.S. District CourtThe government sentencing memo refers to Hale-Cusanelli’s adoptive aunt, Cynthia Hughes, who spoke at a Trump rally in Pennsylvania this month.

Raising domestic coal output is consistent with Beijing's broader effort to indigenise supplies of critical energy sources, raw materials and technology. Production has been growing faster than coal-fired electricity generation as the government tries to increase fuel stocks and cut reliance on imports. Imports of coal and lignite have also fallen to 168 million tonnes in the first eight months of 2022, from 198 million tonnes in 2022 and 220 million tonnes in 2019. Coal imports include both high-grade coking coal for blast furnaces as well as lower-grade coal for use in power plants. Low levels of hydro generation forced China to rely more heavily on coal-fired units and draw more heavily on coal supplies since the start of July.

☆ Exclusive: International money-transfer startup Higlobe gets $14 million from Battery Ventures
▼ + stars: | 2022-09-20 | by ( Emilia David | ) www.businessinsider.com time to read: +3 min

Higlobe targets international freelancers who do multiple money transfers in a year. International payments-transfer startup Higlobe has raised $14 million in a Series A round that Battery Ventures led. Higlobe, founded in 2020, uses asset-backed stablecoins to facilitate money transfers between countries, but end users never touch the stablecoins. Other investors in Higlobe include TTV Capital, FJ Labs, Reciprocal Ventures, Paxos, Digital Currency Group, Gokul Rajaram, and Raptor Group. A large portion of Higlobe's customers are freelancers, especially in international markets like Mexico where freelancing is on the rise.

☆ 1 in 5 of China's urban youth are unemployed. That's a huge headache for Xi Jinping
▼ + stars: | 2022-09-19 | by ( Laura He | Cnn Business | ) edition.cnn.com time to read: +9 min

The youth unemployment rate has repeatedly hit new highs this year , rising from 15.3% in March to a record 18.2% in April. In the past few months, mass layoffs have engulfed once booming Chinese industries ranging from private tutoring to real estate. Xi is seeking a historic third term when the Communist Party hold its congress next month. But youth unemployment will constitute a "major threat" to China's economic and political stability in the long run, he added. But the government seems unwilling to tackle the main reason behind China's economic slowdown this year — the zero Covid policy .

☆ 'I accept being ordinary': China's youth are turning their backs on hustle culture
▼ + stars: | 2022-09-16 | by ( Goh Chiew Tong | ) www.cnbc.com time to read: +10 min

"Tang ping" and "bai lan" reflect the intense competition faced by young Chinese today, said Jia Miao, an assistant professor from NYU Shanghai. "Tang ping is the rejection of overworking, where you let things be and do the bare minimum," said Miao. Unemployment and uncertaintiesBoth buzzwords, tang ping and bai lan, reflect the intense competition faced by young Chinese today, said Miao. 'Tang ping' gives me breathing space to reflect on my career and future, it's not necessarily a bad thing." "I have set goals for myself when I am not working, so 'tang ping' doesn't feel like a waste."

☆ UNFPA TENDER NOTICE: Development of the Informational System on Population and Migration Statistics of the National Bureau of Statistics in the Republic of Moldova
▼ + stars: | 2021-07-07 | by ( ) www.civic.md time to read: 1 min

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☆ Graphic and Layout Designer to develop a brand book for the National Bureau of Statistics of the Republic of Moldova
▼ + stars: | 2021-01-13 | by ( Alte Articole | ) www.civic.md time to read: 1 min

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☆ IT expert to assist the National Bureau of Statistics of the Republic of Moldova for developing a concept document on the Integrated Automted Information System (IAIS) EXTENDED DEADLINE
▼ + stars: | 2020-12-18 | by ( Alte Articole | ) www.civic.md time to read: 1 min

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