Malaysia PM Najib Razak sacks deputy over 1MDB scandal

Malaysia's Prime Minister Najib Razak has replaced his deputy amid a continuing financial scandal.

Japan’s Economy Shrank Last Quarter, Top Forecaster Says

The Japanese economy likely contracted last quarter, dragged down by weak consumer spending and a slump in exports, according to a top forecaster.

Russia created a credit rating agency, which is great for Russia because it'll ignore one key type of risk

Sick of getting downgraded, Russia is launching its own new rating company that will be immune to geopolitical risks.

China Answers Japan Oil Rig Concern With Joint-Development Offer

China repeated a call Friday for talks with Japan over joint development of gas and oil resources in contested waters in the East China Sea.

Mers outbreak cuts sharply into S Korea growth

South Korea's economic growth has been hit sharply by both the Mers outbreak and continued weak exports.

After China dumps gold, don't count on India to come to the rescue

MANILA/MUMBAI (Reuters) - Blame poor rains or a lack of weddings, but Indians, for whom gold is the investment of choice, aren't rushing to buy bullion after this week's sharp sell-off.

Hong Kong hopes to be finance hub for China's Silk Road push: Xinhua

Hong Kong could become the financing hub for companies connected with the so-called "One belt, One road" initiative to link Asia to Europe and Africa, the city's financial secretary John Tsang said in an interview with Xinhua, China's state news agency.

India, Brazil And Russia Less Vulnerable To U.S. Fed Hikes

Fitch ratings is taking a cue for the world’s biggest emerging market fund managers in saying this week that the big emerging markets are relatively safe from interest rate increases in the U.S. Fitch expects the Federal Reserve to start raising interest rates this year.

Could China Be the Next Japan?

It's a tale of two economies. On the same day that China surprised with better-than-expected GDP, Japan's central bank was forced to lower its growth outlook.

China May Tip World Into Recession: Morgan Stanley

Forget about all the shoes, toys and other exports. China may soon have another thing to offer the world: a recession.

Asia markets rally as Greek debt deal agreed

Hong Kong (AFP) - Asian markets rose Monday as European leaders said they had agreed a debt deal to keep Greece in the eurozone, while Shanghai advanced for a third straight session after witnessing fierce recent volatility.

14 countries are spiraling towards government debt crises

With its shuttered banks, furious public protests and iconoclastic politicians, the plight of Greece, brought to its knees by a crippling debt burden, has been gripping and heartbreaking in equal measure: a full-blown sovereign debt crisis on the doorstep of some of the wealthiest countries in the world.

India’s Factory Output Misses Estimates as Consumer Goods Fall

India’s factory output rose less than economists estimated, boosting pressure on policy makers to revive investment in Asia’s third-largest economy.

China shares: Regulator takes action after slide

China's regulators are taking fresh steps to try to quell volatility in the country's financial markets. Investors holding stakes of more than 5% are not allowed to sell shares in the next six months.

Japan MOF names Masatsugu Asakawa as top financial diplomat

TOKYO, July 7 (Reuters) - Japan's Ministry of Finance said international policy veteran Masatsugu Asakawa will become the country's top financial diplomat, whose tasks include coordinating with other nations and the IMF as well as arranging currency interventions.

India Rupee Falls Most in a Week as Stocks Drop After Greek Vote

India’s rupee declined the most in a week as the heightened risk of Greece’s exit from the euro spurred volatility and damped demand for emerging-market assets.

China hunts for "manipulators" as stocks tumble

SHANGHAI (Reuters) - Chinese stocks tumbled again on Friday, taking the week's losses to more than 10 percent, as the securities regulator said it was investigating suspected market manipulation and announced a slew of measures aimed at heading off a full-blown crash.

Japan’s Retail Traders Betting Yen Haven Surge Will Be Fleeting

Japan’s retail investors aren’t buying into the yen’s rally even as the Greek crisis spurs traditional haven flows into the Asian nation’s currency.

China June factory activity shrinks at slower pace, but job cuts mount - HSBC/Markit PMI

BEIJING (Reuters) - China’s factory activity contracted for the fourth straight month in June but at a slower pace than in May, a private survey showed on Wednesday, offering signs that the economy may be slowly levelling out but is still in need of more support measures.

Why China Wants a Strong Euro as Greece Teeters

Chinese investment is pouring into Europe. It's one reason why Premier Li Keqiang, during a visit to Brussels this week, called for a strong euro and united Europe as the region grapples with the latest chapter in the Greek debt saga.