China premier says economy fares better in second quarter than first quarter

(Reuters) - China's economic performance has improved in the second quarter from the first quarter, though the downward pressure should not yet be ignored, Premier Li Keqiang said in a statement published on Friday.

Asian Currencies in Weekly Advance as Export Outlook Brightens

Asian currencies advanced the most last week in almost two months, led by Indonesia’s rupiah, as signs of improvement in the world’s two largest economies spurred optimism that regional exports will pick up.

Indonesia Risks Suharto Dynasty Rerun as Son-in-Law Also Rises

Sixteen years after the overthrow of the dictator Suharto, Indonesia is turning back toward that regime as his former son-in-law pulls level in the race to run the world’s third-largest democracy.

Australia rebalancing act to take time, A$ overvalued: RBA

(Reuters) - Australia's economic rebalancing away from the mining boom is still in its early stages, a top central banker said on Thursday, while warning investors they were underestimating the risk of sharp fall in the local dollar.

Hong Kong Defends Currency Peg for First Time Since 2012

Hong Kong’s de facto central bank stepped in for the first time since December 2012 to prevent the city’s currency from rising against the U.S. dollar.

China manufacturing growth hits six-month high in June

China's manufacturing activity grew at its fastest pace for six months in June, suggesting that recent stimulus moves have started to have an impact.

China says welcomes US, Japan to join in new infrastructure bank

BEIJING, June 30 (Reuters) - China would welcome the participation of the United States, Japan and European countries to help set up a new multilateral bank to fund infrastructure projects in Asia, the country's finance minister was quoted as saying on Monday.