China to cap 2015 local government debt at $2.5 trillion: Xinhua

China's parliament approved on Saturday a cabinet plan to cap total outstanding local government debt at 16 trillion yuan ($2.5 trillion) this year, the official Xinhua news agency reported.

South Korea's Park Eyes China-Japan Summit After Kim Showdown

Having defused a military standoff with North Korean leader Kim Jong Un, South Korean President Park Geun Hye is looking to improve ties with her other North Asian neighbors.

Japan government downgrades consumer spending, exports as economy stutters

TOKYO (Reuters) - Japan's government lowered its assessment of consumer spending and exports in August, a worrying sign that the economy is seeing just a tepid recovery from a contraction in the April-June quarter.

China Company Bonds Seen Rising on PBOC Interest Rate, Ratio Cut

China’s corporate bonds are set to gain after the central bank eased monetary policy following the worst four-day stock rout since 1996, brokerages and analysts said.

Indian Rupee Climbs Most in 15 Months as Stocks, Bonds Rally

India’s rupee gained the most in more than a year as an emerging-market selloff abated and policy makers in India said the economy is sound enough to lure investors.

Emerging economies let currencies slide to stay competitive

The world's emerging economies are allowing their currencies to slide in a quest to remain competitive, following China's devaluation of the yuan and the dollar's strength in anticipation of US rate hikes.

Kazakh PM Sees Oil-Nation Currency Pegs Axed as Crude Falls

Currency pegs in crude-producing nations are set to topple as the world enters a “new era” of low oil prices, according to the prime minister of Kazakhstan, which rattled markets this week with a surprise decision to abandon control of its exchange rate.