China lets yuan fall further, fuels fears of 'currency war'

SHANGHAI (Reuters) - China's currency fell to a four-year low on Wednesday, slumping for a second day, after a central bank devaluation on Tuesday, and government sources believe the yuan may be allowed to slide even further to help the country's exporters.

BOJ's Miyao: chance high that QE exit debate can begin in second half of FY 2015

(Reuters) - Bank of Japan board member Ryuzo Miyao said on Wednesday there is a high chance that the central bank can begin debating an exit to its quantitative easing in the second half of fiscal 2015, the most specific comments to date about when that debate will start.

Analysis: Budget woes could hurt outreach to Asia

WASHINGTON (AP) — President Barack Obama wants Asia to be a growing focus of his foreign policy, but as his second terms starts, success could hinge on his ability to manage hot spots elsewhere in the world and avert a fiscal crisis at home.

Asia to lead global economy out of crisis

Although the world economy has been dragged down by the European and U.S. debt crises, China's exports reached a record 175.1 billion U.S. dollars in July, with an increase of 20 percent from a year earlier, after dropping four consecutive months. The exports of India and some other countries have also increased significantly, and even Japan is showing signs of recovery.