Major markets in Asia Pacific closed higher on Tuesday, while Australia's central bank cut its cash rate to a new record low. In Japan, the Nikkei closed 0. The Topix index also advanced 0.
The moves came after trade tensions and slowing global growth prompted the U. Federal Reserve to cut rates for the first time in a decade and the European Central Bank to signal policy easing. The Bank of Thailand followed suit, cutting its one-day repurchase rate by 25 basis points to 1.
Investors are snapping up such debt even though they are guaranteed to suffer a loss if they hold it to maturity, betting on further rises in bond prices. Speculation is swirling that central banks will further ease their already super-loose monetary policies in response to signs of economic downturns. In Europe, one bank is even letting homebuyers take out mortgages at a negative rate, which basically means it is willing to pay customers to borrow money.
Hong Kong CNN Business Asian markets were slightly higher as China took the next, critical step in a long-awaited money management reform, and as the United States gave the Chinese tech company Huawei a slight reprieve in Washington's ongoing trade war with Beijing. Chat with us in Facebook Messenger. Find out what's happening in the world as it unfolds.
With the growing political instability across the world resulting in global recession nearly every country has been facing the challenge of unsustainable employment. From the big cities to the smaller ones a common trend is the scarcity of the reasonable jobs. With 8.
Asian countries with highest and lowest unemployment rates. Mongolia, Pakistan, Indonesia and Philippines have the highest employment rates in Asia. By contrast, Cambodia, Thailand and Laos post the lowest unemployment rates.
This is a list of Asian countries and dependent territories by population sorted by normalized demographic projections. From Wikipedia, the free encyclopedia. This is the latest accepted revisionreviewed on 30 August
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The Four Asian TigersFour Asian Dragons or Four Little Dragonsin Chinese and Koreanonly the "dragon" terms are usedare the economies of Hong KongSingaporeSouth Korea and Taiwanwhich underwent rapid industrialization and maintained exceptionally high growth rates in excess of 7 percent a year between the early s mids for Hong Kong and s. By the early 21st century, all four had developed into high-income economies developed countriesspecializing in areas of competitive advantage. Hong Kong and Singapore have become world-leading international financial centreswhereas South Korea and Taiwan are world leaders in manufacturing electronic components and devices. Their economic success stories have served as role models for many developing countriesespecially the Tiger Cub Economies of southeast Asia.