As Prices Rise, Philippine Banker Fires Warning Shot on Rates

Just days ago, Philippine central bank governor Amando Tetangco waded into the debate over how policy makers should react to the turmoil in emerging markets, warning that tinkering with policy interest rates is “not necessarily the most appropriate response at this time.”

Indonesia’s Growth Beats Estimates as Rebound Seen Faltering

Indonesia’s economic growth unexpectedly quickened last quarter after an export rebound, an acceleration that may be short-lived as higher interest rates weigh on domestic consumption and investment.

Australia central bank shuts door on rate cuts, A$ surges

(Reuters) - Australia's central bank kept its main cash rate at a record low of 2.5 percent on Tuesday as widely expected but surprised some by saying further cuts were not in the cards - dropping its bias towards easing policy.

Asia stocks slip, euro stuck near ten-week lows

SYDNEY (Reuters) - Asian shares were slowly giving ground on Monday as strains in emerging markets show little sign of abating, while growing pressure for another policy easing in Europe shoved the euro to 10-week lows.

China Faces Obstacles on Road to Consumer Society

Business should be picking up for Zhao Guoping, a Beijing shopkeeper, as Chinese leaders try to build a consumer society to replace a worn-out economic model based on trade and investment.

Japan inflation quickens to over 5-year high, output rebounds

TOKYO (Reuters) - Japan's core consumer inflation rose at the fastest pace in more than five years in December and the job market improved, encouraging signs for the Bank of Japan as it seeks to vanquish deflation with aggressive money printing.

Hague says Britain eyeing increased role in Asia

MANILA, Philippines (AP) — Britain is looking at increasing its involvement in Asia's economy and security but will not take sides in territorial disputes in the South China Sea involving China and its smaller neighbors, British Foreign Secretary William Hague said Thursday.