News Highlights: Top Economic Stories of the Day


Today 11:00 PM ET (Dow Jones)

CHINA FOREX REGULATOR: 1Q CURRENT ACCOUNT SURPLUS $7.2 BLN
China recorded a small current-account surplus of $7.2 billion in the first quarter of this year, compared with a $44.0 billion surplus in the fourth quarter of last year, the country's foreign exchange regulator said Friday. (published 0210 GMT)


U.S., JAPAN FAIL TO CINCH TRADE DEAL -- UPDATE 2
The U.S. and Japan failed to clinch a last-minute deal on free trade, damping hopes for an early conclusion of a broader trade deal across the Pacific. (published 0157 GMT)


TOKYO APRIL CORE CPI +2.7% ON YEAR; MARKET EXPECTED +2.8%
A closely watched Japanese inflation gauge rose a bit less than expected in April, the government said Friday, creating room for possible doubts among Bank of Japan policy makers that the recent increase in the domestic sales tax would stoke strong upward price movements. (published 2354 GMT Thursday)


SINGAPORE 1Q PRIVATE-HOME PRICES FALL 1.3% ON QUARTER VS -0.9% IN 4Q
The decline in private-home prices in Singapore accelerated in the second-straight quarter, the government's final estimates showed Friday, as government measures to cool the real-estate market continued to take effect. (published 0116 GMT)


PHILIPPINES FEB IMPORTS RISE 0.3% TO $4.72 BLN; TRADE DEFICIT NARROWS
The Philippines' import growth slowed to 0.3% in February after a double-digit surge in January, narrowing the trade deficit for the month, the statistics office said Friday. (published 0151 GMT)


MALAYSIA SEES OBAMA VISIT AS CHANCE TO RAISE PROFILE
Prime Minister Najib Razak aims to set Malaysia on a fresh diplomatic course when President Barack Obama visits the country at a time when it is reeling from the disappearance of Malaysia Airlines Flight 370. (published 2354 GMT Thursday)


VENEZUELAN ECONOMY SLOWS SHARPLY
Venezuela released two clues on Thursday of an increasingly troubled economy. For one, the central bank said on its website after markets closed that GDP growth sharply slowed in 2013 to 1.3% compared to 5.6% in the previous year. (published 0107 GMT)


VENEZUELAN INFLATION RISES 4.1% IN MARCH -- UPDATE
Venezuela, which has been slow in recent months to release data on its notoriously fast-rising consumer prices, saw inflation leap 4.1% in March compared with the previous month as authorities blamed antigovernment protesters for disrupting the economy. (published 0004 GMT)

(END) Dow Jones Newswires
April 24, 2014 23:00 ET (03:00 GMT)
Copyright (c) 2014 Dow Jones & Company, Inc.

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