Japan Says Economy Headed For Gradual Recovery

TOKYO--The Japanese government said in its annual economic report released Friday that the nation's economy is headed for a gradual recovery mainly due to reconstruction demand following last year's earthquake and tsunami that devastated northeastern Japan.

India GDP Growth At Stall Speed...Til 2015

India’s total GDP in dollar terms isn’t seen expanding by much over the next 8 years. According to a report by Dun & Bradstreet, India’s GDP will top $5 trillion by 2020. But that’s the same forecast they gave in their India 2020 report last August.

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.

South Korea economic growth slows as exports weaken

South Korea's economic growth slowed in the second quarter, as investment dipped and its exports sector was hurt by the eurozone debt crisis.

Asia stocks ebb as Europe crisis clouds outlook

BANGKOK (AP) — Asian stock markets continued to ebb Wednesday amid fears Europe's debt crisis is about to get much worse and deal a new blow to the global economy.

China manufacturing 'picking up', HSBC survey indicates

China's manufacturing activity slowed less quickly in July, than in the previous month, a preliminary survey by HSBC has showed. The HSBC Purchasing Manager's Index (PMI) rose to 49.5 in July, a five-month high and up from 48.2 in June.

Monsoon in India Set for Worst in Three Years Hurting Crops

India’s monsoon, which brings more than 70 percent of its rain, is set to be less than normal in the whole season for the first time in three years, hurting crops and boosting food costs in Asia’s third-biggest economy.

Japan Fukushima probe urges new disaster prevention steps, mindset

TOKYO (Reuters) - A government-appointed inquiry into Japan's Fukushima nuclear crisis raised doubts on Monday about whether other atomic plants were prepared for massive disasters, and delivered a damning assessment of regulators and the station's operator.

South Korea to Ease Mortgage Lending Rule to Spur Consumption

South Korea will ease a rule on mortgage lending to stimulate the real-estate market and boost consumption as faltering global demand hurts the export-reliant economy, an adviser to President Lee Myung Bak said.

Oil price climbs above $90 on stronger US demand

NEW YORK (AP) — The price of oil climbed above $90 per barrel for the first time since May after the government said U.S. oil demand is on the rise.

Southeast Asia Shares Best With Top Risk-Adjusted Returns

Southeast Asia (MXSO), the heart of the 1997 currency crisis, produced the best risk-adjusted returns for Asian stocks since global markets started to rebound three years ago, as investors sought a haven from Europe’s debt turmoil.

Foreign investment in China slips 6.9% as economy slows

Foreign direct investment into China fell in June as an economic slowdown dampened companies' appetite for expansion.

Indian inflation slows in June

India's wholesale prices rose by a slower-than-expected 7.25% in June, according to official government data.

With slower growth, China can't play economic hero

BEIJING (AP) — China's economic growth fell to a three-year low, and a potential recovery later this year will probably be too weak to pull the world out of its slump.

India industrial output rises by 2.4% in May

India's industrial output grew by a faster-than-expected 2.4 percent in May, data showed Thursday, but the still sluggish expansion underscored the weakness of Asia's third-largest economy.

Asian share markets fall after central bank actions

Asian shares have fallen after South Korea unexpectedly cut interest rates while the Bank of Japan made only minor changes to its stimulus programme.

Singapore PM urges India to push reforms

Singapore's prime minister on Wednesday urged India to press ahead with economic reforms and added that foreign investors need a "predictable" environment in which to invest their money.

China's inflation rate slows sharply as demand slides

China’s annual inflation rate slowed to the lowest level in more than two years in June, signalling falling demand for goods and raising the likelihood of more stimulus measures in the world’s second largest economy.

Thai economy holding strong in spite of global headwinds

The Thai economy ( THD , quote ) remains in a strong position to continue outperforming this year, even as other emerging markets struggle with global macroeconomic headwinds.

Japan's government could run out of cash by October

(Reuters) - Japan's government could run out of money by the end of October, halting all state spending including salaries, pensions and unemployment benefits, because of a standoff in parliament that has blocked a bill to finance the deficit.

China's yuan experiment faces risks, legacy

BEIJING: China's plan to test yuan convertibility in a new services hub being built near Hong Kong fanned excitement Beijing may be dismantling its rigid capital controls sooner than expected.

Asia stocks fall despite global stimulus measures

SINGAPORE (AP) — Asian stocks were lower Friday as investors brushed off monetary stimulus measures by China, Europe and Britain as insufficient to reverse a global economic slowdown.

US in China car import tariff row

The United States has complained to the World Trade Organization about the level of China's import duties on large-engined US-made cars.

Exclusive: Japan to import no Iranian oil in July: sources

(Reuters) - Japan will not import any Iranian crude in July as buyers held back to avoid any risk of running foul of EU sanctions targeting insurance, which have severely disrupted the OPEC member's supplies, industry and government sources said on Wednesday.

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.

Vietnam cuts key interest rates: central bank

Vietnam's central bank said it will trim key interest rates from Sunday, its fifth cut so far this year as inflation cools amid signs of weakening economic growth.

India to see acceleration in economic reforms over the next quarter, says Adi Godrej

LONDON: India is likely to see acceleration in economic reforms over the next quarter, and it is the right time to invest in the country as valuations have become reasonable, CII President Adi Godrej has said.

Asia Stocks Jump Most Since January as Progress Seen in Europe

Asian stocks capped the biggest weekly gain since January as euro-zone leaders agreed to relax conditions for recapitalizing lenders and amid speculation China will do more to shore up growth.