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The Caixin Manufacturing PMI came in at 49.4 in April, below March's 49.7 reading and missing expectations.
Baidu shares closed down almost 8% after reports its CEO would be summoned by Chinese authorities over the death of a student.
Sri Lanka's IMF deal may have averted a crisis, but it may also undermine a key strength: an impressive economic growth rate.
Gold and forex expert Jim Rickards says that the direction for gold prices will depend on the dollar, which is expected to weaken.
AIIB president Jin Liqun says the U.S. has an open invitation to join the multilateral development bank.
Emily Dabbs from Moody's Analytics expects the budget to include initiatives to support Australia's economic transition away from mining.