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.

Malaysia’s Reserves Extend Slump as Global Currency Rout Deepens

Malaysia’s foreign-exchange reserves extended their decline beyond $100 billion in a sign the central bank is still trying to slow Asia’s worst currency loss amid the drag from an emerging-market sell off.

India Wholesale Inflation at Record Low Adds Easing Pressure

India’s wholesale prices dropped more than estimated, in line with retail inflation, adding pressure on central bank Governor Raghuram Rajan to cut interest rates.

Singapore Says It’s Watching Housing Market Amid ‘Correction’

Singapore is closely watching the domestic housing market that’s in a correction phase amid the longest decline in 13 years, according to Finance Minister Tharman Shanmugaratnam.

Japan economy seen shrinking in Q2 in setback for "Abenomics"

TOKYO, Aug 14 (Reuters) - Japan's economy likely shrank in April-June as exports slumped and consumers cut back on spending, a Reuters poll showed, boding ill for Prime Minister Shinzo Abe's policy drive to lift the economy out of decades of deflation.

China lets yuan fall further, fuels fears of 'currency war'

SHANGHAI (Reuters) - China's currency fell to a four-year low on Wednesday, slumping for a second day, after a central bank devaluation on Tuesday, and government sources believe the yuan may be allowed to slide even further to help the country's exporters.

Alibaba Is Planning Its Comeback From the World’s Biggest Wipeout of Market Value

It took less than a year for Alibaba Group Holding Ltd. to turn from a stock-market darling into the biggest source of shareholder losses worldwide.

Taiwan’s Bond Yields Fall to Two-Year Low on Easing Speculation

Taiwan’s bonds rose, pushing the 10-year yield to its lowest level since 2013, on speculation the central bank will cut interest rates to revive the economy.

Japan's nuclear regulator says no repeat of Fukushima under new safety rules - media

TOKYO (Reuters) - Japan's nuclear regulator said an accident on the scale of the 2011 Fukushima disaster would not occur under new safety rules imposed on reactors such as Kyushu Electric Power's Sendai No.1, set to be the first to restart since Fukushima, Japan's Nikkei business daily reported on Saturday.

China’s Secret Gold Hoarding Strategy

China’s recent stock market gyrations have some analysts now calling China the biggest bubble in history. But those who write off China because of market volatility are missing a more important long-term trend of Chinese geopolitical and monetary ascendancy.

Indonesia’s Economic Risk Persists as Growth Slides Further

Indonesia’s growth slowed for a second straight quarter, underlining the challenge for President Joko Widodo as he struggles to revitalize an economy expanding at the weakest pace since 2009.

China's huge factory sector is struggling

China's factories hit an unexpected speed bump in July, hiking concerns about slower growth in the world's second-largest economy.

China Car Sales Drop Flashes Yellow Light for Its Economy

When China’s economy was booming, motorists became a symbol of the nation’s new spending power. Now, falling car sales may be more a symbol of China’s steady deceleration.

Taiwan Q2 GDP growth unexpectedly slumps to 3-yr low as demand from China cools

TAIPEI, July 31 (Reuters) - Taiwan's economic growth slowed more sharply than expected to a three-year low in the second quarter, hurt by a collapse in exports as a slowdown in major market China chilled demand for its line of key technology products.