The world's leading economies will step up efforts to lift global economic growth and share the benefits more broadly. » Read More
Singaporean Deepak Gurnani has spent the past couple of years trying to recover an investment gone wrong in Malaysia. The 51-year-old businessman spent $66,000 on a property in the popular beach destination Port Dickson, Malaysia in 1993. It functioned as a fuss-free home away from home until two years ago, when the developer defaulted on the payment of the property’s maintenance fees.
Strange market. Worries about a slowdown in China, and June retail sales in the U.S. were simply awful, but stocks mostly hang in there.
CNBC's Sharon Epperson takes a look at the factors behind oil's recent rally and how the surge will impact prices at the pump.
Population: 48.9 million Currency: Won (KRW) Natural resources: coal, tungsten, graphite, molybdenum, lead, hydropower potential Industries: Electronics, telecommunications, automobile production, chemicals, shipbuilding, steel
South Korea's economy has been dominated by dozens of financially complex, conglomerates that have been central to its rise on the global stage.
Asia's fourth-largest economy is far less vulnerable to shocks triggered during the Asian financial crisis in 1997.
The economy is dominated by companies that are now household names such as Samsung Electronics, LG Electronics, Hyundai Motors, and Kia Motors.
South Korea's economy and its stock market are dominated by dozens of financially complex, family-run, multinational conglomerates that have been central to the nation's rise on the global stage.
South Korea's resilient economy has earned it a rank among the so-called Asian tigers. But, its export-driven industries are volatile, even as it's grown to global prominence.
Hank Paulson and Robert Rubin both ran Goldman Sachs before taking the top Treasury post, but the similarities end there. One's a Republican, the other a Democrat. One's associated with crisis and hardship, the other with calm and prosperity. Now they'll share a stage together.
Market sentiment has reached what's described in Chinese media as "freezing point" on a combination of concerns about neverending initial public offerings, an upcoming over-the-counter market, and disappointing corporate scorecards.
The euro slips on debt worries and the dollar dips awaiting Bernanke — it's time for your FX Fix.
"The challenge right now is obviously where to invest, with China slowing it is affecting most of South East Asia and Europe is affecting Eastern Europe, so we are looking for Latin America as a way to hide from where everything else is slowing," Gina Sanchez, director of equity and asset allocation strategy at Roubini Global Economics, told CNBC.
Ben Bernanke’s semi-annual testimony to congress will be the markets' big focus this week, with investors looking for clues on whether weaker economic data will see the Federal Reserve governor indicate he is ready to pull the trigger on a third round of quantitative easing or QE3.
They are supposed to be among Wall Street’s most closely guarded secrets: changes in research analysts’ views, up or down, of a company’s prospects. But some of the nation’s biggest brokerage firms appear to be giving a handful of top hedge funds an early peek at these sentiments — allowing them to trade on the information before other investors get the word, the New York Times reports.
News that Sun Hung Kai’s billionaire co-chairmen have been charged for bribery has cast a pall over the stock and prompted a downgrade from Barclays on Monday, as investors continue to weigh the extent of the fallout from the scandal on Asia's largest developer.
A deteriorating global economy is hurting sentiment among Australian financial executives, bringing optimism to the lowest levels since 2009, a new survey shows.
China will cut taxes on the profits that foreign companies take out of the country by up to 50 percent after rules on withholding taxes were relaxed to encourage more overseas investment. The FT reports.
Attention turns to earnings after last week's June data showed the Chinese economy slowed in line with expectations.
China's economic woes that have brought growth to a three-year low will continue for some time, but the slower expansion remains within expectations, Premier Wen Jiabao said Sunday.