Japan trade deficit worsens on back of weak yen

Japan's trade deficit worsened in July, almost doubling from a year ago, as a weak yen boosted import costs.

Hong Kong weakens local currency again

Hong Kong's central bank has intervened in financial markets again, weakening the value of its currency after it jumped in value.

Indian rupee gains on hopes of government intervention

The Indian rupee has gained ahead of an announcement in which the government is expected to unveil measures to stop it falling against the US dollar.

Govt to announce steps on Monday to improve economy

Expressing concern over signs of weakness in the Indian economy, Finance Minister Pranab Mukherjee on Saturday said the government is set to announce certain measures on Monday to improve market conditions in consultations with the Reserve Bank.

Japan's rising machinery orders boost the economy

Japan's core machinery orders, a key indicator of capital expenditure, rose more than forecast in April in a positive sign for the economy.

China and Japan to start direct yen-yuan trade in June

China will allow direct trading of the yuan and the Japanese yen, in a move aimed at promoting trade between Asia's two biggest economies.

India Inc exposed by unhedged dollar debt

SINGAPORE: As the rupee hits record lows against the US dollar, Indian companies, holding nearly US$100 billion in foreign-currency debt, are finding themselves dangerously exposed, and unhedged dollar debt could spell billions in losses for local borrowers.

Japan car sales jump on subsidies for green vehicles

Japanese car sales, including those of 660cc mini vehicles, rose in February as government subsidies for energy-efficient vehicles lured buyers.

Yen hits seven-month low after Bank of Japan measures

The Japanese yen fell to its lowest level against the US dollar in seven months, a respite for worries over the strong yen hurting exports and the economy.

China's foreign currency reserves decline

China's official foreign currency reserves fell in the last three months of 2011, marking their first quarterly decline since 1998.

Japan and India eye new currency swap agreement

Japan and India are set to unveil a new currency swap agreement aimed at easing potential short-term liquidity problems.

South Korea and Indonesia move on currencies

The Bank of Korea has become the latest central bank to step into the money markets in a bid to stabilise its currency.

The Korean won has declined by 10% against the US dollar in the past month, and the bank said it was taking appropriate steps to stem the falls.

Japan opens $100bn fund to help firms beat yen strength

The Japanese government has announced a new $100bn (£61bn) fund to help companies combat the strength of the yen.

The Ministry of Finance said the fund will help firms expand their overseas operations and secure energy resources.

The move comes as the yen hovers near record levels against the US dollar.

Yuan at record high versus dollar after Treasury report

China's yuan has hit a record high against the US dollar after the US Treasury department said the Chinese currency was undervalued but not manipulated.

The People's Bank of China (PBOC) fixed the yuan's mid-point at 6.4856 against the US dollar on Monday.

China has been accused by the US and other developed economies of keeping the value of its currency artificially low to boost its exports.