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South Korea will on Thursday release preliminary gross domestic product figures for the second quarter of 2013, highlighting a busy day for Asia-Pacific economic activity.

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Reserve Bank of New Zealand Governor Graeme Wheeler on Thursday indicated that the bank may consider tightening policy in 2014 if the overheated housing market stokes price pressures. At the same time, he noted that the bank will keep the Official Cash Rate unchanged through the end of this year. He noted that the CPI inflation has been very low over the past year.

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South Korea's gross domestic product climbed a seasonally adjusted 1.1 percent in the second quarter of 2013 compared to the previous three months, the Bank of Korea said in Thursday's preliminary reading. That blew away forecasts for an increase of 0.3 percent following the 0.8 percent gain in the first quarter. In a statement accompanying the data, the bank said "facilities investment declined, but private consumption swung to growth."

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Slovenia's economic sentiment remained unchanged at a 16-month high in July, data released by the Statistical Office of the Republic of Slovenia showed on Thursday.

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Spain's unemployment rate declined for the first time in two years in the June quarter from a record high in the beginning of the year, adding to signs that activity in the recession-stricken economy is picking up.

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Moldova's central bank left its key interest rate unchanged for the third consecutive month in July.

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With orders for transportation equipment showing a substantial increase, the Commerce Department released a report on Thursday showing that new orders for U.S. manufactured durable goods rose by much more than expected in the month of June. The report said durable goods orders surged up by 4.2 percent in June following an upwardly revised 5.2 percent jump in May.

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Core consumer prices in Japan spiked 0.4 percent on year in June, the Ministry of Internal Affairs and Communications said on Friday - marking the fastest annual increase since November.

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Core consumer prices in Japan were up 0.4 percent on year in June, the Ministry of Internal Affairs and Communications said on Friday.

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Slovakia's industrial producer prices fell at a slower annual pace in June, data released by the Statistical Office of the Slovak Republic showed on Friday.

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