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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.
Standard Chartered's Divya Devesh says negative rates are an experiment for central banks, who're taking a wait-and-see approach to the policy outcome.
The Australian budget should wind back on negative gearing and reduce the capital gains tax discount, says Danielle Wood from Grattan Institute.
Frank Holmes from U.S. Global Investors says energy and gold commodities generally go through a modest correction in May.