China's CPI rises to 7-month high in September

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Source: Reuters
© Scanpix/RS
China's inflation measured as consumer price index increased to the strongest level in seven months in September, although it stayed below the country's official target, a report released by the National Bureau of Statistics revealed on Monday. The report showed that the consumer price index rose 3.1% year-on-year after it added 2.6% in August, missing the inflation target at 3.5%.

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Mon, 14 Oct 2013 06:54:03 GMT

Yen rises as demand increased amid persisting U.S. government shutdown

The Japanese Yen increased on Monday amid concerns that U.S. policymakers may fail this week to agree on the new debt ceiling avoiding the country's technical default raising demand for riskier assets. The Yen advanced to 98.31 per U.S. Dollar after it touched today's high at 98.05 earlier, rebounding from Friday's 2-week low at 98.60 U.S. cents.

Mon, 14 Oct 2013 06:32:02 GMT

Asian shares drop on persisting U.S. government shutdown

Asian stocks declined on Monday as the weekend debt ceiling debate between the U.S. President Barack Obama and congressional lawmakers failed in Washington persisting the government shutdown, however, expectations are that an agreement will be reached avoiding the country's default. The MSCI Asia-Pacific shares outside Japan fell 0.3% and China's CSI300 Index dropped 0.2%.

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