World Bank welcomes China-led infrastructure bank

(Reuters) - World Bank Group President Jim Yong Kim on Tuesday welcomed a new multilateral infrastructure bank proposed by China, saying there was a "massive need" for new investment in this area.

India hikes rail fares ahead of budget

NEW DELHI (Reuters) - The government on Friday pushed through a steep hike in rail passenger and freight fares, in the first dose of a "bitter medicine" Prime Minister Narendra Modi has warned of having to administer to revive Asia's third-largest economy.

Japan revises 3Q economic growth lower to 1.1 pct

TOKYO (AP) — Japan has revised its economic growth estimate for the last quarter downward after finding that capital investment slowed more than expected in July-September.

IMF: Asia's economy expected to grow 5.75 percent this year

SINGAPORE, April 29 (UPI) -- Asia's economy, aided by robust domestic demand, is forecast to grow at 5.75 percent this year, the International Monetary Fund said Monday.

India has $1 trillion infrastructure deficit: FM tells WB

WASHINGTON: India has a $1 trillion infrastructure deficit over the next five years, Finance Minister P Chidambaram has told the World Bank, which wants private sector participation to bridge the funding gap.

Malaysia's Najib says economy at risk from weak election result

PUTRAJAYA, Malaysia (Reuters) - Malaysian leader Najib Razak has warned that nascent reforms can't be done "overnight" and that Southeast Asia's third-largest economy risks slipping backwards if he does not win a strong majority in an election he must call within weeks.