Malaysia’s Economy Grew Faster Than Estimated Last Quarter

Malaysia’s economy grew at the fastest pace in five quarters amid an export recovery, increasing scope for the central bank to raise interest rates and contain threats to financial stability.

Hong Kong named top financial center for second year

LONDON (Reuters) - Hong Kong was named the world's top financial center for the second year running by the World Economic Forum (WEF), thanks to the strength of its business environment, infrastructure and a favorable tax regime.

China vows to contain financial risks amid reforms

(Reuters) - China will step up efforts to curb financial risks as it continues with reforms to make country's interest rates and currency regime more market-driven, the central bank said on Monday.

Two Koreas 'at a turning point' says South president

The Korean peninsula is at a "turning point" and there are opportunities for change, South Korean President Lee Myung-bak said in a new year speech.

Hong Kong 'most developed' financial market, says WEF

Hong Kong is the world's most developed financial market, according to a World Economic Forum report, overtaking the US and the UK for the first time.