Asian shares rose on Monday in cautious trade, shrugging off soft economic data from China, as investors pondered whether the US Federal Reserve will be confident enough to raise interest rates this week for the first time in a decade.
China's economy grew at its slowest pace in 24 years in 2014 as a cooling property market weighed on demand and is expected to lose more momentum this year, keeping pressure on policymakers to head off a sharper downturn.
Activity in China's factory sector contracted in December for the first time in seven months, the latest in a string of weak economic indicators that will intensify calls for more stimulus measures to head off a hard landing.
Lebanon is considering increasing an $800 million economic stimulus package allocated for this year because most of the funds have already been used up, the central bank governor said on Wednesday.
The war in n
Brent nudged higher to hover just under $109 a barrel on Friday, but was set to post a second straight weekly fall on easing Ukraine tensions and ample supply.
Optimism that monetary stimulus in the euro zone w
Spain's prime minister said his government will unveil a stimulus package worth 6.3 billion euros ($8.6 billion) to boost competitiveness.
In another sign that the country is emerging from five years of economic hardship, Mari
The International Monetary Fund has urged nations around the world to move ahead more quickly on policies needed to secure a stronger recovery and avoid a prolonged global slump.
In a "Global Policy Agenda" for the world
Federal Reserve Chair Janet Yellen said on Tuesday the US central bank was on track to keep reducing its policy stimulus, even as she acknowledged the labor market recovery was "far from complete."
In her first public co
Egypt's interim government unveiled its second stimulus package on Monday (February 10), which will inject 33.9 billion Egyptian pounds ($4.87 billion) into the economy, with most of that money coming from aid pledged by the UAE.
The Federal Reserve trimmed its bond purchases by another $10 billion as it stuck to a plan to wind down its extraordinary economic stimulus despite turmoil in emerging markets.
The action was widely expected, although some invest