Why China's Economy May Be Heading for a Crash

China's central bank sent global markets reeling when it attempted tighten credit and rein in the country's shadow banking system.

Kerry to Assure Asia on Pivot Armed With Stronger Economy

When John Kerry makes his first trip to Southeast Asia as secretary of state this weekend, he’ll have an easier time convincing allies of a message his colleagues often repeat: The U.S. military shift to the region is sustainable.

High-stakes bidding to build Myanmar's mobile phone business

Myanmar is considered one of the world's last untapped business markets, and a lot of companies and business titans want a piece of the action.

PM Shinzo Abe says will stay focused on Japan economy

TOKYO: Japanese Prime Minister Shinzo Abe today said he will spend the next three years rebuilding the nation's fragile economy, having banished the gloom that covered Japan when he came to power.

India's ONGC, Oil India to buy 10 pct in Mozambique gas field

MUMBAI (Reuters) - Indian state oil firms ONGC and Oil India Ltd have signed an agreement to buy a 10 percent stake in a Mozambique gas field from India's Videocon Group for $2.48 billion, the state companies said on Tuesday.

China pledge to avoid credit crunch lifts markets

LONDON (AP) -- Global stocks recovered on Tuesday after China's central bank eased concerns about a credit crunch in the world's second-largest economy and U.S. indicators showed the economic recovery is gathering pace.

Japan nuclear safety upgrades dazzle, mask industry woes

(Reuters) - Japan's nuclear utilities face shareholders this week promising restarts of idled plants as soon as next month after costly safety upgrades, plans that look wildly optimistic given they are yet to secure either regulatory or local approval.

China, Taiwan sign service trade agreement

Beijing: Setting aside their acrimonious differences, China and Taiwan today signed a trade agreement under which they will substantially open their service sectors to each other.

Indian rupee falls to an all-time low against US dollar

The Indian rupee dipped to an all-time low against the US dollar after the Federal Reserve signalled that it could start pulling back on its monetary stimulus later this year.

Asia business sentiment rises in second quarter, global growth risk still dominates

SEOUL (Reuters) - Asia's top companies have become more optimistic about their business outlook with the retail and shipping industries rebounding sharply in the second quarter of 2013, the latest Thomson Reuters/INSEAD Asia Business Sentiment Survey shows.

Investors back away from emerging markets on China fears: BofA survey

(Reuters) - Emerging markets are suffering a sharp pullback by investors fearful of a shock from China just as confidence in the world economy, and the euro zone in particular, rises, according to a survey of fund managers.

Indonesia MPs seal fuel price hike after backing help for poor

JAKARTA (Reuters) - Indonesia's parliament paved the way on Monday for a jump in gasoline and diesel prices after months of delay that have undermined confidence in the government and the ability of Southeast Asia's biggest economy to continue growing rapidly.

Japan PM Shinzo Abe to tout nuclear exports at central Europe summit

WARSAW: Japanese Prime Minister Shinzo Abe meets the leaders of four ex-communist European countries on Sunday at a regional summit in Warsaw, where he is expected to promote the country's nuclear technologies.

Hong Kong Protesters Call on Government to Protect Snowden

Protesters marched to Hong Kong’s government headquarters demanding their leaders protect Edward Snowden, the former National Security Agency contractor who fled to the city after exposing a U.S. surveillance program.

Singapore raps banks in rate-rigging probe

SINGAPORE: Singapore on Friday censured 20 banks, including top global lenders, over attempts to manipulate local benchmark rates -- part of a widening rate-rigging scandal being investigated by financial regulators worldwide.

World Bank cuts China's economic growth forecast

BEIJING: The World Bank has slashed its growth forecast for China's economy this year to 7.7 per cent from 8.4 per cent, warning of a potential "sharp" slowdown triggered by a fall in investment.

South Korea jobless rate edges up in May

SEOUL: South Korea's unemployment rate inched up in May, with fewer jobs being created in the manufacturing sector, government data showed Wednesday.

As Dubai’s economy rebounds, so do all its bad habits

Dubai’s economy is roaring back to life, and so are the careless bets that got it into trouble. Dubai’s economy posted its best performance in 2012 since five years ago, growing 4.4%.

Japan growth data revision adds to recovery hopes

Japan has revised up its growth numbers for the first three months of the year, adding to hopes of a recovery in the world's third-largest economy.

Obama and Xi end 'constructive' summit

US President Barack Obama and Chinese leader Xi Jinping have ended a two-day summit described by a US official as "unique, positive and constructive".

France's Hollande says EU, China must resolve trade disputes

(Reuters) - French President Francois Hollande said on Saturday the European Union must work with China and called for a balanced resolution to an escalating trade dispute that began with solar panels but has since spread to European wines.

Chinese leader Xi Jinping set for Obama summit

Chinese President Xi Jinping has arrived in California for summit talks with US President Barack Obama. The two-day meeting, at a private estate, is the first between the two since Mr Xi became president in March.

China likely to tolerate 7 percent growth before hitting stimulus button

(Reuters) - China's new leaders have adopted a greater tolerance for a slowdown in the economy than their predecessors and are likely to allow quarterly growth to slip as far as 7 percent before triggering fresh stimulus to lift activity, sources say.

Asia stocks fall after US data disappoints

BANGKOK (AP) -- Asia stock markets extended losses Thursday after weak U.S. indicators sparked fears of a slowdown in the world's biggest economy.

Cybersecurity tops Obama's agenda for China talks

WASHINGTON: President Barack Obama will be looking for signs from China's leader at their upcoming meeting that Beijing is ready to address its reported high-tech spying, which the White House sees as a top threat to the US economy and national security.

As Philippines booms, overseas workers eye return home

MANILA: Mateo Ragonjan took a leap of faith in August last year. The executive sous-chef of a seven-star luxury hotel in Abu Dhabi packed his bags to take up a similar job back home in the Philippines.

South Korea’s May Exports Unexpectedly Rise on Smartphone Sales

South Korea’s exports unexpectedly increased in May as surging smartphone shipments and improving demand from the U.S. and China countered a decline in the yen.

Japan to offer $ 10 billion aid to Africa: Reports

TOKYO: The Japanese government is to pledge at least $ 10 billion in aid to Africa for the next five years, reports said today, as Tokyo prepared to host a major development conference for the resource-rich continent.

India's economic growth at slowest rate in a decade

India's economy grew at its slowest pace in a decade during the 2012-13 financial year, figures show.