Indonesia Surprises With Surge in Economy

JAKARTA — Indonesia’s economic growth surprisingly picked up in the second quarter of this year, fueled by easy credit and strong domestic demand, a sign that Southeast Asia remained resilient amid the global slowdown.

China to speed-up fine tuning of monetary policy

China's central bank has pledged to intensify its monetary policy fine-tuning in the second half of this year and improve credit policy to bolster the real economy.

Drought delivers fresh blow to reeling Indian economy

MUMBAI (Reuters) - A summer drought makes a bad situation worse for an Indian economy already crippled by a sharp slowdown in growth, persistent inflation and a politically hamstrung government.

Japan Widens Inquiry Into Insider Trading

TOKYO — A government investigation into insider trading in Japan has extended onto the trading floors of some of the largest Wall Street companies, including Goldman Sachs, UBS and Deutsche Bank.

China central bank vows to ensure steady credit growth

BEIJING (Reuters) - China's central bank on Thursday pledged to guarantee steady expansion in money supply and credit to cushion the world's second-largest economy against stiff global headwinds.

South Korea inflation at 1.5% moderating to 12-year low

Inflation in South Korea has moderated to a 12-year low, paving the pay for authorities to boost growth as exports and manufacturing data disappoints.

Taiwan's growth is downgraded as its economy contracts

Taiwan's economy contracted in the three months to the end of June, as the global slowdown weighed on export-dependent countries.