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Oct 8, 2014

Asia shares stumble, oil skids to 27-mth lows

SYDNEY, Oct 8 (Reuters) – Asian share markets were mostly in
the red on Wednesday as worries about waning global growth
lifted safe-haven bonds, while shoving oil prices to their
lowest in more than two years.

Extending a three-month-long decline, Brent oil sank
$1.18 to $90.93 a barrel while U.S. crude tumbled $1.07
to $87.78. The protracted slide should be a windfall for
consumer spending power, but is also a powerful force for
disinflation in much of the developed world.

Oct 8, 2014

Asia shares skid, bonds benefit on global growth worries

SYDNEY, Oct 8 (Reuters) – Asian stocks fell on Wednesday as
worries about waning global growth lifted safe-haven bonds and
the yen, while shoving oil prices to their lowest in more than
two years.

Government bonds were in big demand as investors wagered
global inflation would continue to slow and even put off the day
when U.S. interest rates might rise.

Oct 8, 2014

Asia shares buckle beneath global growth woes

SYDNEY, Oct 8 (Reuters) – Asian stocks slid on Wednesday as
worries about waning global growth lifted safe-haven bonds and
the yen, while shoving oil prices to their lowest in more than
two years.

Government bonds were in big demand as investors wagered
global inflation would continue to slow and even put off the day
when U.S. interest rates might rise.

Oct 7, 2014

Australia central bank sits on rates, says A$ still high

SYDNEY (Reuters) – Australia’s central bank kept interest rates at record lows for a 13th straight policy meeting on Tuesday, saying the economy was to run a little below par for some time yet.

The local dollar AUD=D4 eased a touch after the Reserve Bank of Australia (RBA) reiterated that the currency was still high by historic standards, even though it has fallen sharply in the past month.

Oct 7, 2014

Australia c.bank sits on rates, says A$ still high

SYDNEY, Oct 7 (Reuters) – Australia’s central bank kept
interest rates at record lows for a 13th straight policy meeting
on Tuesday, saying the economy was to run a little below par for
some time yet.

The local dollar eased a touch after the Reserve
Bank of Australia (RBA) reiterated that the currency was still
high by historic standards, even though it has fallen sharply in
the past month.

Oct 2, 2014

Australia regulators set to tighten home lending standards

SYDNEY, Oct 2 (Reuters) – Australia’s central bank on
Thursday said regulators were considering new steps to rein in
lending for housing investment and an initial announcement was
likely by the end of the year.

Reserve Bank of Australia (RBA) Assistant Governor Malcolm
Edey said the aim would be to avoid a run-up in house prices
that could potentially spill over into a bust that hurt
household wealth and spending.

Oct 1, 2014

Weak demand hits factory activity across Asia, Europe

BANGALORE/LONDON/NEW YORK (Reuters) – Dwindling demand hurt factory activity across much of Asia and Europe in September, and mixed manufacturing indicators in the Americas on Wednesday raised the chances of slower global economic growth in the months ahead.

China’s manufacturing sector barely expanded, while Britain’s slumped, and the drop in new orders did not even spare Germany, the strongest member of the euro zone currency bloc, or France, its No. 2 economy.

Oct 1, 2014

Waning demand hits factory activity across Asia and Europe

BANGALORE/SYDNEY, Oct 1 (Reuters) – Dwindling demand cut
factory activity across much of Asia and Europe in September,
sending it to multi-month lows and raising the chances that
global growth will slow in the months ahead.

Despite gentler price rises, China’s figures were mired
barely above contraction, Britain slumped, and the drop in new
orders did not even spare Germany, the strongest member of the
euro zone currency bloc, or France, its No. 2 economy.

Oct 1, 2014

Asian factories slow in September, push inflation ever lower

SYDNEY (Reuters) – Factory activity stumbled across much of Asia in September, with slowdowns in India, Japan and Taiwan and an outright decline in South Korea delivering a setback to hopes for a pick in world growth this year.

The lackluster performance helped lift the U.S. dollar above 110.00 yen for the first time since mid-2008 while punishing commodity prices globally, a positive for consumers but also a force for disinflation.

Oct 1, 2014

Australia home price growth slows, in relief to RBA

SYDNEY, Oct 1 (Reuters) – Home prices in Australia’s
capitals rose only marginally in September, slowing after three
straight months of strong gains, with five of eight cities
recording falls in the month.

The slowdown should actually be welcomed by the Reserve Bank
of Australia (RBA)which recently has become concerned that a
surge in borrowing to buy investment properties could lift
prices to unsustainable levels.