South Korea could keep expansionary policy for years

(Reuters) - South Korea will maintain pro-growth policy until a sustained recovery is firmly secured, possibly beyond 2015, as an anticipated pick-up next year might only only be tentative, the finance minister said on Tuesday.

Australia budget deficit blows out, deposit tax unveiled

SYDNEY: Australia said Friday its budget deficit has blown out to AUD 30 billion and revenues are shrinking, as it unveiled a pre-election mini-budget that includes a controversial plan to tax bank deposits.

Chinese industrial firms see profits dip as economy slows

Profits at China's industrial companies have dropped for the third successive month, as the slowdown in its economy hurt demand.