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.