Iraq Bulletin

Tag : Asia economy

Business

China inflation hits 1% in March as PPI turns positive

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BEIJING: China’s consumer inflation rose 1.0% in March from a year earlier, official data showed on Friday, easing from February’s 1.3% increase as spending cooled after the Lunar New Year holiday period. On a month-on-month basis, the consumer price index fell 0.7%, reversing February’s 1.0% rise. For the first quarter, consumer prices were......
Business

South Korea FX reserves fall in March on stronger dollar

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SEOUL: South Korea’s foreign exchange reserves fell in March as a stronger U.S. dollar reduced the converted value of non-dollar assets and authorities used reserves in operations to ease currency-market strain, central bank data showed on Friday. Official reserves stood at $423.66 billion at the end of March, down $3.97 billion from......
Business

South Korea inflation hits 2.2% in March on oil surge

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DAEJEON: South Korea’s consumer prices rose 2.2% in March from a year earlier, accelerating from 2.0% in February as higher oil costs pushed up transport-related prices, official data showed on Thursday. On a monthly basis, the consumer price index rose 0.3%, matching the pace seen in February. The reading placed inflation back......
Business

Japan factory output drops 2.1 percent in February

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TOKYO: Japan’s industrial output fell 2.1% in February from the previous month, official preliminary data showed on Tuesday, as weaker production in autos, fabricated metals and electronic parts reversed some of January’s strength. The decline matched economists’ median forecast and marked the first monthly drop in three months. On a seasonally adjusted......
Business

South Korea starts 2026 with 11.3 trillion won surplus

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SEOUL: South Korea posted an 11.3 trillion won managed fiscal surplus in January as stronger tax collection offset higher government spending, with value-added tax and income tax leading the increase in receipts. Finance ministry data showed tax revenue reached 52.9 trillion won in the month, up 6.2 trillion won from a year......
Business

South Korea inflation eases to 2.0% in January

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MENA Newswire, SEOUL: South Korea’s consumer inflation eased to 2.0% in January from 2.3% in December, as measured by the consumer price index, government data released Tuesday showed. The CPI, with 2020 set to 100, rose to 118.03 in January. On a month-to-month basis, prices increased 0.4%, following a 0.3% rise in December. The......