Tuesday, April 30, 2013

IMF: Asia's economy expected to grow 5.75 percent this year

SINGAPORE, April 29 (UPI) -- Asia's economy, aided by robust domestic demand, is forecast to grow at 5.75 percent this year, the International Monetary Fund said Monday.

Monday, April 29, 2013

India Faces Reality Check In Latest Global 2000

India, a nation that has earned a reputation for churning out some of the wealthiest billionaires in Asia, if not on the planet, has curiously enough, never produced a candidate in the top 100 ranks of the annual Global 2000 list of biggest publicly-traded companies.

Sunday, April 28, 2013

Asia joins world economy’s new normal as China loses its edge

UNITED NATIONS — “Asia Pacific economic economies will see subdued growth in 2013 after last year’s sharp slowdown caused by external factors,” is the prognosis from a recent UN survey.

Saturday, April 27, 2013

Slowing savings growth weighs on Chinese bank earnings

HONG KONG: Weak deposit growth weighed on China's banks in the first quarter, forcing lenders including the Industrial and Commercial Bank of China Ltd to pay more for savers' money and eating into their margins.

Friday, April 26, 2013

Asian shares rise on US data, regional earnings eyed

TOKYO (Reuters) - Asian shares rose on Friday, tracking global equities higher after an upbeat U.S. labour market report, while the dollar eased on caution ahead of first quarter growth data from the world's biggest economy.

Thursday, April 25, 2013

South Korea economic growth hits two-year high

South Korea's growth rate hit a two-year high in the first three months of the year, boosted by a rebound in construction, investment and exports.

Wednesday, April 24, 2013

Chinese stocks underperform on growth concerns

LONDON (AP) — Chinese shares underperformed Tuesday after a downbeat manufacturing survey renewed concerns over the world's second-largest economy.