Asia-Pacific Leaders Seeks Ways to Foster Growth

Fighting protectionism and pushing through difficult reforms are critical to the global recovery as the world's biggest economies struggle with their own internal obstacles to growth, Asia-Pacific leaders gathered for an annual summit said Sunday.

Asia to invest over $150 billion in real estate globally

DUBAI: Asian institutional investors are looking to invest over USD 150 billion in global real estate in the next five years, with a focus on cities like Dubai, London, New York and Sydney, according to a new research.

Japan sales tax hike 'welcome first step': Christine Lagarde

International Monetary Fund chief Christine Lagarde on Thursday praised Japan's planned sales tax hike as an initial step toward reducing the country's crushing debt burden and called for further efforts.

China says U.S. shutdown exposes 'ugly side of partisan politics'

(Reuters) - China on Wednesday said the U.S. government shutdown had exposed "the ugly side of partisan politics" in Washington and expressed concern about its effect on the world economy.

Japanese government to go ahead with sales tax rise

Japan's Prime Minister Shinzo Abe said his government will raise the rate of sales tax to 8% from 1 April next year, from the current 5%.

Australia central bank holds rates, opaque on policy outlook

SYDNEY (Reuters) - Australia's central bank kept its cash rate at a record low of 2.5 percent on Tuesday saying the full impact of past easing was still percolating through the economy, though it offered little guidance on the chance of further cuts.

India April-June Current-Account Gap Widens

MUMBAI--India's current-account deficit widened in the April-June period from a year earlier, as gold imports surged and merchandise exports fell in Asia's third-largest economy.