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<title>IBTimes.co.uk : Asia Economy</title>
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<item>
    <title><![CDATA[Smith, PNG minister on gas deal]]></title>
    <description><![CDATA[An enormous Papua New Guinea gas project can potentially put the impoverished nation on the path to economic sustainability, according to Australian Trade Minister Stephen Smith.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31921/20100701/smith-png-minister-on-gas-deal.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31921/20100701/smith-png-minister-on-gas-deal.htm</link>
    <pubDate>Thu, 01 Jul 2010 05:47:16 +0100</pubDate>
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<item>
    <title><![CDATA[Mining stocks gains as possibility of a tax deal emerges]]></title>
    <description><![CDATA[With reports that the government and three major mining companies are in the brink of reaching a compromise deal on the major provisions of the resource super profits tax, mining stocks started their recoveries following an early slump on market’s opening.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31919/20100701/rspt-tax-deal-mining-stocks-mininf-tax-rio-tinto-bhp-fmg-gillard-compromise-deal-bond-rate.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31919/20100701/rspt-tax-deal-mining-stocks-mininf-tax-rio-tinto-bhp-fmg-gillard-compromise-deal-bond-rate.htm</link>
    <pubDate>Thu, 01 Jul 2010 05:45:39 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Shoppers, homebuyers keep hands on their pocket as consumer confidence dips]]></title>
    <description><![CDATA[New data published on Thursday suggested that consumer confidence is on the decline as shoppers were confined to simply roaming through the shops seemingly wary of spending due to rising cash rates.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31906/20100701/abs-rba-consumer-spending-home-buyers-household-goods-clothing-footwear-monetary-policy-fiscal-stimu.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31906/20100701/abs-rba-consumer-spending-home-buyers-household-goods-clothing-footwear-monetary-policy-fiscal-stimu.htm</link>
    <pubDate>Thu, 01 Jul 2010 04:54:03 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Retail sales up slightly]]></title>
    <description><![CDATA[Retail trade climbed by a moderate 0.2 per cent in May to $20.16 billion, coinciding with the last of six interest rate increases by the Reserve Bank of Australia since October, according to Australian Bureau of Statistics data released today.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31900/20100701/retail-sales-up-slightly.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31900/20100701/retail-sales-up-slightly.htm</link>
    <pubDate>Thu, 01 Jul 2010 04:18:25 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Manufacturing activity slacks in June]]></title>
    <description><![CDATA[Manufacturing activity moved up at a slower pace in June due to lesser production movement, new orders, employment and supplier deliveries, according to a survey.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31894/20100701/manufacturing-activity-slacks-in-june.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31894/20100701/manufacturing-activity-slacks-in-june.htm</link>
    <pubDate>Thu, 01 Jul 2010 04:10:43 +0100</pubDate>
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<item>
    <title><![CDATA[Personal tax cuts in effect today, millions of workers set to benefit from savings]]></title>
    <description><![CDATA[The thought of more money on their pockets are expected to welcome Aussie workers today as the tax cuts come into effect with the Tax Office declaring that starting this financial year, even same-sex couples would be able to enjoy the same tax concessions provided to married and de-facto heterosexual unions.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31862/20100701/personal-tax-cuts-savings-tax-office-employees-workers-married-couple-same-sex.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31862/20100701/personal-tax-cuts-savings-tax-office-employees-workers-married-couple-same-sex.htm</link>
    <pubDate>Thu, 01 Jul 2010 00:16:36 +0100</pubDate>
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<item>
    <title><![CDATA[Iran: stuck between Iraq and a hard place]]></title>
    <description><![CDATA[Iran is facing a multitude of problems – both external and internal – that threatens the growth of its all-important energy sector.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31776/20100630/iran.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31776/20100630/iran.htm</link>
    <pubDate>Wed, 30 Jun 2010 16:04:51 +0100</pubDate>
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<item>
    <title><![CDATA[FOCUS - Indian, global hotels face off in scramble for room]]></title>
    <description><![CDATA[Indian hotel chains, all set for an expansion drive, are likely to face stiff competition from well-known global chains that are aggressively making inroads into the widening domestic market.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31690/20100630/focus-indian-global-hotels-face-off-in-scramble-for-room.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31690/20100630/focus-indian-global-hotels-face-off-in-scramble-for-room.htm</link>
    <pubDate>Wed, 30 Jun 2010 12:50:16 +0100</pubDate>
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<item>
    <title><![CDATA[Economists cite business sector as fuel of May credit growth]]></title>
    <description><![CDATA[Australia’s business credit experienced an annualised expansion rate of 1.2 percent over the quarter to May.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31615/20100630/rba-business-credit-business-sector-growth-expansion-gfc-tight-financing-financial-intermediaries-pr.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31615/20100630/rba-business-credit-business-sector-growth-expansion-gfc-tight-financing-financial-intermediaries-pr.htm</link>
    <pubDate>Wed, 30 Jun 2010 05:47:58 +0100</pubDate>
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<item>
    <title><![CDATA[Capital flows not a problem as of now - PM]]></title>
    <description><![CDATA[Capital inflows have not become a problem for the Indian economy as of now and the country does not face a situation that requires imposition of capital controls, Prime Minister Manmohan Singh said on Tuesday.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31360/20100629/capital-flows-not-a-problem-as-of-now-pm.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31360/20100629/capital-flows-not-a-problem-as-of-now-pm.htm</link>
    <pubDate>Tue, 29 Jun 2010 11:13:04 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Govt to allow market prices for diesel: PM]]></title>
    <description><![CDATA[The government will ease controls on diesel prices, Prime Minister Manmohan Singh said, signalling the government&#039;s determination to continue energy-pricing reforms despite strong protests from opposition parties.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31357/20100629/govt-to-allow-market-prices-for-diesel-pm.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31357/20100629/govt-to-allow-market-prices-for-diesel-pm.htm</link>
    <pubDate>Tue, 29 Jun 2010 11:04:08 +0100</pubDate>
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<item>
    <title><![CDATA[Despite anger, govt to survive fuel hikes]]></title>
    <description><![CDATA[The government has seized a window of opportunity to hike fuel prices, taking advantage of a lull before major state elections and an opposition struggling to find its feet after defeats at the polls in 2009.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31225/20100629/despite-anger-govt-to-survive-fuel-hikes.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31225/20100629/despite-anger-govt-to-survive-fuel-hikes.htm</link>
    <pubDate>Mon, 28 Jun 2010 21:05:44 +0100</pubDate>
</item>
<item>
    <title><![CDATA[G20 parts ways in search of lasting recovery]]></title>
    <description><![CDATA[World leaders agreed on Sunday to take different paths for cutting budget deficits and making their banking systems safer, a reflection of the uneven and fragile economic recovery in many countries.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31223/20100629/g20-parts-ways-in-search-of-lasting-recovery.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31223/20100629/g20-parts-ways-in-search-of-lasting-recovery.htm</link>
    <pubDate>Mon, 28 Jun 2010 20:51:55 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Fuel reforms turn private refiners homeward]]></title>
    <description><![CDATA[Fuel reforms freeing retailers to set petrol prices and lifting prices of other products could push refiners to their home market instead of shipping fuel abroad, buoying Middle East fuel margins.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31221/20100629/fuel-reforms-turn-private-refiners-homeward.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31221/20100629/fuel-reforms-turn-private-refiners-homeward.htm</link>
    <pubDate>Mon, 28 Jun 2010 20:40:43 +0100</pubDate>
</item>
<item>
    <title><![CDATA[IDFC launches up to $575 mln shr sale - sources]]></title>
    <description><![CDATA[Infrastructure Development Finance Co on Monday launched a share sale to raise up to $575 million through a qualified institutional placement, two sources with direct knowledge of the matter said.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31220/20100629/idfc-launches-up-to-575-mln-shr-sale-sources.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31220/20100629/idfc-launches-up-to-575-mln-shr-sale-sources.htm</link>
    <pubDate>Mon, 28 Jun 2010 20:38:23 +0100</pubDate>
</item>
<item>
    <title><![CDATA[G20: Much ado about something?]]></title>
    <description><![CDATA[G20 leaders agree to disagree on how to engineer their respective economic recoveries.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/31107/20100628/g20.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/31107/20100628/g20.htm</link>
    <pubDate>Mon, 28 Jun 2010 12:32:53 +0100</pubDate>
</item>
<item>
    <title><![CDATA[G20 searches for common pace in uneven recovery]]></title>
    <description><![CDATA[World leaders cast about for a common approach on Saturday to securing an uneven economic recovery that is showing signs of fading.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30940/20100626/g20-searches-for-common-pace-in-uneven-recovery.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30940/20100626/g20-searches-for-common-pace-in-uneven-recovery.htm</link>
    <pubDate>Sat, 26 Jun 2010 16:25:49 +0100</pubDate>
</item>
<item>
    <title><![CDATA[New Zealand's trade surplus expands to NZ$814 mln in May]]></title>
    <description><![CDATA[New Zealand&#039;s trade surplus expanded to NZ$814 million in May from a revised NZ$665 million in April due to a seasonal rise in farm output, and rise in exports following higher demand for logs and milk from China.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30816/20100625/new-zealand-trade-surplus-in-may-statistics-new-zealand.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30816/20100625/new-zealand-trade-surplus-in-may-statistics-new-zealand.htm</link>
    <pubDate>Fri, 25 Jun 2010 14:38:13 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Govt frees up petrol prices, hikes other fuels]]></title>
    <description><![CDATA[The government on Friday freed up state-subsidised petrol prices and hiked other fuels as high global oil prices and pressure to trim the budget deficit outweighed concerns about the political impact of the measures.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30777/20100625/govt-frees-up-petrol-prices-hikes-other-fuels.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30777/20100625/govt-frees-up-petrol-prices-hikes-other-fuels.htm</link>
    <pubDate>Fri, 25 Jun 2010 11:32:49 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Taiwan raises interest rate signaling confidence]]></title>
    <description><![CDATA[Taiwan’s Central Bank of the Republic of China (Taiwan) on Thursday raised its benchmark interest rate to 1.375 percent from 1.25 percent for the first time since 2008, signaling confidence of withstanding European debt crisis.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30758/20100625/taiwan-interest-rates-taiwan-benchmark-discount-rate.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30758/20100625/taiwan-interest-rates-taiwan-benchmark-discount-rate.htm</link>
    <pubDate>Fri, 25 Jun 2010 08:53:16 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Macarthur urge PM to scrap tax out of budget]]></title>
    <description><![CDATA[Australian mining group Macarthur Coal has urged the new Prime Minister Julia Gillard to water down and take out the revenue from the proposed resources super profit tax .]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30699/20100625/macarthur-urge-pm-to-scrap-tax-out-of-budget.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30699/20100625/macarthur-urge-pm-to-scrap-tax-out-of-budget.htm</link>
    <pubDate>Fri, 25 Jun 2010 02:32:03 +0100</pubDate>
</item>
<item>
    <title><![CDATA[QRC to negotiate with new PM on RSPT]]></title>
    <description><![CDATA[The Queensland Resources Council has temporarily put a stop to campaign ads for opposing the Federal Government&#039;s planned super profits mining tax and it will try to negotiate with the new Prime Minister Julia Gilliard.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30691/20100625/qrc-to-negotiate-with-new-pm-on-rspt.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30691/20100625/qrc-to-negotiate-with-new-pm-on-rspt.htm</link>
    <pubDate>Fri, 25 Jun 2010 02:04:07 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Westpac survey shows dips in June quarter business conditions]]></title>
    <description><![CDATA[The latest Westpac-Australian Chamber of Commerce and Industry (ACCI) survey of industrial trends showed that business conditions saw a decline in the June quarter, with the series of interest rates hikes and doubts over the European debt crisis hounding the domestic economic outlook.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30690/20100625/westpac-acci-business-conditions-industrial-trends-economic-outlook-cash-rate-interest-rate-debt-cri.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30690/20100625/westpac-acci-business-conditions-industrial-trends-economic-outlook-cash-rate-interest-rate-debt-cri.htm</link>
    <pubDate>Fri, 25 Jun 2010 02:00:09 +0100</pubDate>
</item>
<item>
    <title><![CDATA[DP PM Swan takes the helm in G20 meetings]]></title>
    <description><![CDATA[With the sudden change in leadership, Australia&#039;s representative to the G20 meeting this weekend is Deputy Prime Minister Wayne Swan.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30668/20100625/g-20-wayne-swan-deputy-pm.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30668/20100625/g-20-wayne-swan-deputy-pm.htm</link>
    <pubDate>Thu, 24 Jun 2010 23:39:22 +0100</pubDate>
</item>
<item>
    <title><![CDATA[New Aussie Prime Minister welcomed by country's mining giants]]></title>
    <description><![CDATA[Julia Gillard, the new PM of Australia,is making conciliatory gestures to mining companies upset about her predecessor&#039;s profit tax proposal.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30605/20100624/australia.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30605/20100624/australia.htm</link>
    <pubDate>Thu, 24 Jun 2010 17:49:10 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Rains 21 pct below normal; experts hopeful]]></title>
    <description><![CDATA[Monsoon rains, vital to the trillion-dollar economy, were 21 percent below normal in the week to June 23, the India Meteorological Department said, reflecting slow progress since the season began in June.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30515/20100624/rains-21-pct-below-normal-experts-hopeful.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30515/20100624/rains-21-pct-below-normal-experts-hopeful.htm</link>
    <pubDate>Thu, 24 Jun 2010 13:25:49 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Food inflation rises; fuel price meeting eyed]]></title>
    <description><![CDATA[India&#039;s food inflation accelerated in mid-June, maintaining pressure on the Reserve Bank of India to tighten monetary policy at a faster pace.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30492/20100624/food-inflation-rises-fuel-price-meeting-eyed.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30492/20100624/food-inflation-rises-fuel-price-meeting-eyed.htm</link>
    <pubDate>Thu, 24 Jun 2010 11:46:52 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Real estate corrections not to affect Singapore banks: Fitch]]></title>
    <description><![CDATA[Real estate corrections not to affect Singapore bank, said a Fitch report on the banking sector stability in the Asia-Pacific region.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30483/20100624/real-estate-fitch-labor-market-unemployment-mortgage-construction-dbs-bank-united-overseas-bank-over.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30483/20100624/real-estate-fitch-labor-market-unemployment-mortgage-construction-dbs-bank-united-overseas-bank-over.htm</link>
    <pubDate>Thu, 24 Jun 2010 11:33:58 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Tasmanian Gov't faces controversy over Aurora's financial woes]]></title>
    <description><![CDATA[The Tasmanian Government faced another controversy as it was accused of knowing the financial problems of Aurora Energy before it announced to cap power prices during the election period.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30369/20100624/tasmanian-gov-t-faces-controversy-over-aurora-s-financial-woes.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30369/20100624/tasmanian-gov-t-faces-controversy-over-aurora-s-financial-woes.htm</link>
    <pubDate>Thu, 24 Jun 2010 00:01:38 +0100</pubDate>
</item>
<item>
    <title><![CDATA[Rupee stronger, but euro watched]]></title>
    <description><![CDATA[The rupee rose slightly on Wednesday, as traders watched for further signs of recovery in the euro, but choppy domestic stock markets limited the gains.]]></description>
    <guid>http://www.ibtimes.co.uk/articles/30295/20100623/rupee-stronger-but-euro-watched.htm</guid>
    <link>http://www.ibtimes.co.uk/articles/30295/20100623/rupee-stronger-but-euro-watched.htm</link>
    <pubDate>Wed, 23 Jun 2010 16:27:17 +0100</pubDate>
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