US to welcome India's Modi with open arms

The United States and India have turned the page on a bitter row which soured ties earlier this year and Washington is eager to welcome new Indian Prime Minister Narendra Modi, a top official said Wednesday.

U.S. wins car import duties trade case against China

(Reuters) - The United States has won a trade dispute with China over duties slapped on U.S. exports of large cars and sport utility vehicles, the World Trade Organization said on Friday.

Japan February exports seen accelerating; trade gap to narrow

(Reuters) - Japan's export growth is forecast to have accelerated in February as shipments recovered from a Lunar New Year slowdown, which along with slower import growth is expected see the trade deficit narrow from record levels, a Reuters poll shows.

India's PM Singh stepping down this summer after 10 years

NEW DELHI -- India's prime minister announced Friday he would step aside after 10 years following this summer's general election, saying Rahul Gandhi should replace him if the ruling Congress Party manages to stay in power.

China to make new bid to join global procurement pact in 2014

(Reuters) - China has agreed to make a revised offer to join a global agreement aimed at creating a level playing field for foreign companies competing for government contracts, senior U.S. and Chinese officials said on Friday.

South Korea votes in tight race on economy and jobs

SEOUL (Reuters) - South Koreans vote for a new president on Wednesday against a backdrop of a hostile North Korea and a slowing economy, in a battle between the daughter of a former military ruler and a man her father jailed decades ago for political activism.

India mulls probe into Wal-Mart lobbying

NEW DELHI/MUMBAI (Reuters) - India's government said it was prepared to launch an inquiry into lobbying by Wal-Mart Stores Inc., buckling under an opposition campaign to discredit a flagship economic policy.

China and Japan Must Resist Nationalism Over Islands

History has often been a cruel mistress to the global economy. With this anecdote in mind then, how have we returned to intense nationalist sparring in Asia after all of the lessons learned from the wars of the past century and beyond?

US relaxes some Burma sanctions, appoints ambassador

The United States has eased some sanctions on investment and relations with Burma in response to political reform there.

India February industrial output slows to 4.1%

India said on Thursday that industrial output grew a worse-than-expected 4.1 percent year-on-year in February, as sluggish manufacturing and weakening exports drag on the economy.

Asia-Pacific leaders to cut taxes on green goods

Asia-Pacific leaders representing more than half of the global economy committed Sunday to cutting tariffs on environmental goods to no more than five percent and reducing energy intensity.

Asia economy at risk, Fed official says

Asia's economy has improved, but continued sluggishness in the U.S. labor market as well as Europe's financial woes threaten recovery — which could mean serious implications for Hawaii tourism.

China and US plan talks to solve currency issues

China and the US will hold economic talks next month as the two countries work towards reaching a common ground on currency policy.

The US has accused of China on keeping the value of its currency, the yuan, artificially low in order to help its exporters.

China has said that a sudden rise in its currency will be detrimental not only to its export sector but also to its overall economy.