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 Faces Reality Check In Latest Global 2000

India, a nation that has earned a reputation for churning out some of the wealthiest billionaires in Asia, if not on the planet, has curiously enough, never produced a candidate in the top 100 ranks of the annual Global 2000 list of biggest publicly-traded companies.

Asia joins world economy’s new normal as China loses its edge

UNITED NATIONS — “Asia Pacific economic economies will see subdued growth in 2013 after last year’s sharp slowdown caused by external factors,” is the prognosis from a recent UN survey.

Slowing savings growth weighs on Chinese bank earnings

HONG KONG: Weak deposit growth weighed on China's banks in the first quarter, forcing lenders including the Industrial and Commercial Bank of China Ltd to pay more for savers' money and eating into their margins.

Asian shares rise on US data, regional earnings eyed

TOKYO (Reuters) - Asian shares rose on Friday, tracking global equities higher after an upbeat U.S. labour market report, while the dollar eased on caution ahead of first quarter growth data from the world's biggest economy.

South Korea economic growth hits two-year high

South Korea's growth rate hit a two-year high in the first three months of the year, boosted by a rebound in construction, investment and exports.

Chinese stocks underperform on growth concerns

LONDON (AP) — Chinese shares underperformed Tuesday after a downbeat manufacturing survey renewed concerns over the world's second-largest economy.

Japan PM Abe and "Abenomics" enjoy strong voter support: polls

TOKYO (Reuters) - Japanese voters maintain strong support for Prime Minister Shinzo Abe as his "Abenomics" economic policy helps weaken the yen and boost share prices, but have little interest in his plan to revise the pacifist constitution, newspaper polls showed on 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.

Hong Kong to Manage Yuan Inflation Risk While Holding Dollar Peg

Hong Kong Monetary Authority can manage inflation risks caused by an appreciating yuan and is committed to its currency’s dollar peg in place since 1983, Chief Executive Norman Chan said.

Japan PM Shinzo Abe previews 'third arrow' economic policy to boost growth

TOKYO: Japanese Prime Minister Shinzo Abe on Friday previewed the "third arrow" of a three-part economic policy aimed at boosting growth in the long-stagnant economy, promising to open the economy through free trade deals, make it easier for women to work and promote growth sectors with private and public support.

SKorea plans $15 bln extra budget to boost economy

SEOUL, South Korea (AP) — South Korea's government announced a $15.3 billion stimulus plan Tuesday to boost slowing growth in Asia's fourth-largest economy.

India 3-Year Low Inflation Signals Rate Cut

India's wholesale price inflation dropped to the lowest level in more than three years in March, giving more room for the Reserve Bank of India (RBI) to reduce interest rates at the next month's meeting.

China economic growth lower than forecast

China's economy, the world's second-largest, has slowed and performed worse than many analysts expected in the first three months of the year.

World Bank cuts East Asia growth estimate; welcomes BOJ stimulus

SINGAPORE (Reuters) - The World Bank on Monday scaled back slightly its 2013 growth forecasts for emerging East Asia and warned about possible over-heating in the region's larger economies, but the global lender said the Bank of Japan's sweeping monetary expansion should provide a fillip to developing countries.

China's March inflation eases to 2.1 percent

WASHINGTON – The Obama administration said on Friday that China's currency remained "significantly undervalued," but again stopped short of labeling the world's second-biggest economy a currency manipulator.

Japan, U.S. agree on Tokyo joining Trans-Pacific trade talks

TOKYO/WASHINGTON (Reuters) - Japan and the United States on Friday agreed on a deal paving the way for Tokyo to join talks on an Asia-Pacific free trade agreement, increasing the economic weight of the proposed pact and triggering a loud protest from U.S. automakers.

China and Australia in currency pact

The Australian dollar has become the third currency, along with the US dollar and the Japanese yen, to trade directly with the Chinese yuan.

China Tightening Pressure Eases With March Inflation

China’s inflation eased more than forecast from a 10-month high as food-price gains ebbed, reducing pressure on policy makers to tighten credit as the world’s second-largest economy recovers from a slowdown.

Japan PM Abe aide: BOJ has further easing options

TOKYO (Reuters) - The Bank of Japan still has options at its disposal to ease monetary policy further if needed, including boosting purchases of government bonds, exchange-traded funds and real-estate trust funds, a key economic adviser to Prime Minister Shinzo Abe said on Tuesday.

China 'ultra high-speed growth could be over'

China’s “ultra-high speed” economic growth, which many see as key to a global recovery, is probably over, according to the country’s president.

Yen tumbles on aggressive BOJ; U.S. jobs weigh on stocks

SYDNEY (Reuters) - The yen resumed its precipitous slide early Monday to hit fresh lows against a host of major currencies as reports the Bank of Japan would begin buying longer-dated bonds immediately underlined its determination to beat deflation.

Nepal GDP growth rate may slump to 6-year low in current fiscal

KATHMANDU: Hit by lower government spending and fall in production of key agricultural products, Nepal's economic growth rate is expected to slacken to 3.56 per cent in 2012-13 fiscal as against 4.48 per cent in previous year.

Bank of Japan's Haruhiko Kuroda in aggressive growth move

Japan's central bank has surprised markets with the size of its latest stimulus package, as it tries to spur growth and end years of falling prices.

Singapore manufacturing PMI turns positive in March

SINGAPORE: Manufacturing activity in Singapore recovered in March as orders expanded, reversing from a slowdown in February, as the city-state's factories continued to post a choppy performance.

PM Manmohan Singh: India economic downturn temporary

India's PM Manmohan Singh has said he is confident the country's economy will bounce back and that the current downturn is "temporary".

Recovery on track, chinese factories abuzz

China's manufacturing expanded at a faster pace last month, indicating a recovery in the world's second-largest economy is sustaining momentum.

Tankan: Japanese business mood improves on weak yen

Japanese business sentiment improved in the January to March quarter, the Bank of Japan's Tankan survey has indicated. But the improvement was less than expected, highlighting the challenge facing Prime Minister Shinzo Abe as he tries to revive economic growth.

Chinese government tightens real estate rules, sparks panic selling

BEIJING: Frantic home sellers and buyers swarmed housing registration centres in the Chinese capital to beat further tightening restrictions of house sales including 20 per cent tax on capital gains.