World Economy Asia-Pacific News


  • Huge growth in China’s money funds poses risk Sunday, 14 Jun 2015 | 2:43 AM ET

    China's online money market funds have transformed how millions of Chinese invest their savings, but some see red flags. The FT reports.

  • Tourists wear masks as a precaution against the MERS virus at the Incheon International Airport in South Korea.

    A growing number of holidaymakers are calling off trips to South Korea amid the outbreak of a deadly virus.

  • Shanghai most expensive city in Asia for expats Friday, 12 Jun 2015 | 1:28 AM ET

    Shanghai is now the most expensive city for expatriates in Asia, according to a new ranking, eclipsing Seoul, which held the title last year.

  • Bike-share schemes thrive, just not in India Friday, 12 Jun 2015 | 12:18 AM ET

    Sebastian Schlebusch's dream of riding public bicycles through the streets of Delhi is coming ever closer to reality.

  • Sober morning rave craze hits Asia Thursday, 11 Jun 2015 | 11:53 PM ET
    People dancing at the Zespri x Morning Gloryville Party in Singapore.

    Over 300 "conscious clubbers" were rocking the dance floor in a sober rave that kicked off at the break of dawn on Friday in Singapore.

  • Sun and sand in Singapore’s...CBD? Thursday, 11 Jun 2015 | 8:45 PM ET

    Almost 30,000 kilograms of sand has been carted to Singapore's Marina Bay waterfront to create the country's - and possibly Asia's - first pop-up beach.

  • Bubbly, anyone? The Sydney property debate Thursday, 11 Jun 2015 | 8:28 PM ET

    Sydney home prices may have surged, but even Australia's top policy makers can't agree on whether the market is a bubble.

  • Is MERS a teapot tempest for South Korea shares? Thursday, 11 Jun 2015 | 6:56 PM ET
    A South Korean police officer wearing a face mask in Seoul.

    South Korea's outbreak of a deadly virus has triggered concerns over the economy, but analysts are singing a different tune about the stock market.

  • Indonesia to remove luxury goods tax: Minister Thursday, 11 Jun 2015 | 10:08 PM ET

    Indonesia is exempting most goods from a luxury tax to boost household consumption and revive faltering economic growth, the finance minister said.

  • India's push to offer banking for all stumbles Thursday, 11 Jun 2015 | 8:19 PM ET
    An employee serves customers inside a branch of Gramin Bank of Aryavat (GBA), sponsored by Bank of India, in the village of Khurana, Uttar Pradesh, India.

    More than half of a record 160 million bank accounts opened in India as part of a drive to offer banking to all are still empty.

  • Fewer Singaporeans willing to whistleblow Thursday, 11 Jun 2015 | 10:01 PM ET

    Fewer employees in Singapore are willing to expose unethical colleagues due to increased fears of retaliation, a new report found.

  • China's loan-hungry developers move to cloud Thursday, 11 Jun 2015 | 8:05 PM ET

    Internet financing, a fast-growing source of funding for small companies and start-ups, is finding an unlikely new class of customer in China.

  • China jails former security chief Zhou for life Thursday, 11 Jun 2015 | 7:07 AM ET
    In this May 18, 2012 photo, security chief Zhou Yongkang delivers a speech at a meeting in Beijing.

    China's former security tsar has been sentenced to life imprisonment for taking bribes, abuse of power and intentionally leaking state secrets.

  • The worst of China's slowdown may be over Thursday, 11 Jun 2015 | 3:12 AM ET

    A slew of China data offered some indication the worst of the mainland's economic slowdown may be over, although the recovery may disappoint.

  • BoK walks MERS tightrope Wednesday, 10 Jun 2015 | 11:32 PM ET

    The BoK faces a delicate balancing act as it wards off damage from MERS, with economists split on whether more stimulus will be needed.

  • Hong Kong tests two for MERS Thursday, 11 Jun 2015 | 12:57 AM ET
    Airport personnel wait for passengers to check their temperature at the Hong Kong international airport.

    Hong Kong authorities were testing two people for possible Middle East Respiratory Syndrome (MERS) on Thursday as worry grew across the region.

  • Peek into Twitter's new Asia HQ Wednesday, 10 Jun 2015 | 10:00 PM ET

    Twitter launched its swanky new Asia-Pacific headquarters in Singapore Thursday as the microblogging site looks to scale up its presence in the region.

  • MSCI backs itself into corner on A-shares Wednesday, 10 Jun 2015 | 10:33 PM ET

    MSCI's decision to defer including Chinese shares in its emerging market benchmark share indexes for a second time may have trapped the index provider.

  • MERS forces Korea central bank to cut rates to record low Wednesday, 10 Jun 2015 | 9:10 PM ET
    People wearing face masks in South Korea.

    South Korea's central bank has cut its policy rate by 25 basis points to a record-low 1.5 percent to offset harmful economic effects from MERS.

  • The new currency trade: Short the Kiwi Wednesday, 10 Jun 2015 | 9:11 PM ET

    Traders are betting on declines for the New Zealand dollar as officials fight to boost growth in a country that was heralded 2014's rockstar economy.

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