Indonesia's Q2 growth is expected to be slowest since 2009, despite the government's promise to jumpstart the economy after a dismal first quarter.» Read More
Robert E. Diamond Jr., the chief executive of Barclays, told employees on Monday that he was “disappointed and angry” about the bank’s past attempts to manipulate key interest rates to bolster its bottom line.
Bob Diamond is threatening to reveal potentially embarrassing details about Barclays’ dealings with regulators if he comes under fire at a parliamentary hearing on Wednesday over the Libor rate-setting scandal, according to people close to the bank’s chief executive. The FT reports.
The Chinese market may see more narrow range trading ahead of June economic data slated for release next week.
Helen Clark, Administrator, United Nations Development Programme and Former Prime minister of New Zealand said the transition towards a sustainable economy will also stimulate innovation, create new jobs, and boost GDP growth.
Patrick Phillips, CEO of the Urban Land Institute discusses the housing challenges arising in Asia in the face of increasing urbanization.
BMW, the world’s largest luxury automaker, is teaming up with Toyota, Japan’s largest automaker, to focus on the next generation of cars. More specifically they will be developing electric drivetrains, fuel cell technology and finding new ways to make lighter vehicles.
Several global recruitment firms have told CNBC they’ve seen a significant increase recently in the number of European bankers wanting to relocate to Singapore.
The Indonesian stock market has been the worst performer in Southeast Asia this year, owing to recent declines, but Citigroup says it’s time to take advantage of the low valuations, forecasting over 15 percent upside for the country’s equities over the rest of 2012.
Even as markets cheered the agreement by European leaders to allow the direct use of the bloc’s bailout funds to recapitalize struggling banks, well-known investor Jim Rogers told CNBC the move does nothing to help solve the region’s biggest problem, which is its high debt levels.
Sentiment is very fragile in the Chinese market after the seventh down day in a row, wiping out all of 2012’s gains.
Global luxury stocks have surged in the first-half of the year, driven by investor optimism over company earnings, but growing concerns over a further slowdown in global growth, particularly in the world's second-largest consumer of luxury products China, is putting into question whether the gains can be sustained.
Jim Dwyer, Executive Director, Business Council of Mongolia says from 2013-2020 the IMF projects 20 % growth in Mongolia.
Yonghao Pu, Regional Chief Investment Officer of APAC, UBS Wealth Management advises investors to be overweight on investment grade corporate bonds that have a 5 percent return.
The Chinese market may trade in a narrow range after shares fell for the sixth day in a row — the longest downturn seen this year.
Feel like you’re driving an old car? You’re not alone. In fact, the average age of vehicles in the U.S. has hit a new all-time high.
Hong Kong-listed jewelers have been battered in recent months by concerns over a slowdown in sales growth in the mainland along with rising risk aversion among investors.
A 28th floor apartment in south Mumbai, facing the Arabian Sea, sold for a record-setting 390 million rupees ($6.8 million) this month, underscoring the dichotomy in India’s property market where prices remain stubbornly high, even as the economy falters and the currency nosedives.
John Hailer, President & CEO, Natixis Global Asset Management says investors have gone back to traditional ways of investing as events in the last few years have scared them.
Chinese shares are due for a technical rebound after the longest losing streak seen this year.
Millennials, and other young people have become so neutral about driving, they are a factor behind auto sales not growing at a faster pace.
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Daniel Martin, Asia economist at Capital Economics, says Asian currencies could face further challenges next year as markets have yet to price in the extent of Fed tightening.
Gavin Wendt, founding director & senior resource analyst at MineLife, discusses news that China's state-owned companies have approached Fortescue Metals to buy a stake in the latter's infrastructure assets.
Todd Elmer, currency strategist at Citi, discusses comments from Dennis Lockhart, Federal Reserve Bank of Atlanta President, that the U.S. economy is ready for its first rate hike in more than nine years.