Asia Economy


  • Malaysia Airlines to cut 6,000 jobs to stem losses Friday, 29 Aug 2014 | 3:32 AM ET
    Malaysia Airline passenger jet parked on the tarmac at the Kuala Lumpur International Airport.

    The majority investor in Malaysia Airlines said on Friday it planned to cut its workforce by 30 percent, or 6,000 workers, in an effort to make the group profitable by 2017.

  • Singapore entrepreneur turns heartache into cash Friday, 29 Aug 2014 | 1:21 AM ET

    Joseph Phua didn't waste time crying when he got dumped, instead he monetized his heartache by launching online dating app Paktor.

  • Japan economy stalls as incomes, spending languish Thursday, 28 Aug 2014 | 8:48 PM ET

    TOKYO— Japan's vital signs remained weak in July as wages fell further and household spending dropped, signaling continued weakness in the world's third-largest economy. Much of the increase stems from a 2 percentage point increase in Japan's sales tax in April, which has since sapped much of the steam from the country's economic recovery.

  • SINGAPORE, Aug 29- U.S. crude futures stayed above $94 a barrel on Friday, holding overnight gains as positive economic data boosted the outlook for demand in the world's largest oil consumer. *U.S. crude had edged down 2 cents to $94.53 a barrel by 0024 GMT, after settling up 67 cents on Thursday.

  • Indonesia's rice-for-poor scheme to test new president Thursday, 28 Aug 2014 | 8:19 PM ET
    Two farmers cut stalks of rice using a special knife called 'anggapan' during harvest season in Tabanan, Bali, Indonesia.

    Indonesia's anti-graft agency will launch a probe into the nation's subsidized rice scheme, threatening moves to expand the role of the state food buying agency.

  • China faces middle-income trap as reforms fail Thursday, 28 Aug 2014 | 8:06 PM ET

    Chinese productivity growth has gone into reverse, highlighting the failure of recent reforms to set China on a sustainable development path.

  • Japan's death tax: Awkward topic but critical Thursday, 28 Aug 2014 | 8:04 PM ET
    During the 'Obon' festival in Japan, an old man pays respects to his ancestors at a local neighborhood cemetery.

    Japan's government will increase the inheritance tax rate in January, while tax relief measures on gifting will be expanded.

  • India firms go on borrowing binge Thursday, 28 Aug 2014 | 6:26 PM ET

    Indian corporates have gone on a borrowing spree in international debt markets this year, a trend that's set to continue, say analysts.

  • *Rejected as pariah by West, Mugabe welcomed in Beijing. HARARE/ BEIJING, Aug 28- Snubbed by a U.S.-hosted gathering of African leaders this month, Zimbabwe's veteran President Robert Mugabe has turned again to "old friend" China, but even Beijing's support may not be enough to rescue his country's sinking economy.

  • Malaysia Airlines shares to be halted Friday: Report Thursday, 28 Aug 2014 | 6:28 AM ET

    Shares in Malaysia Airlines (MAS) will be suspended on Friday ahead of the announcement of its planned restructuring, a source told Reuters.

  • Ukraine conflict weighs on markets; Retailers fall Thursday, 28 Aug 2014 | 3:45 AM ET

    The escalating conflict in Ukraine, disappointing retail earnings and profit outlooks combined to weigh down the market, eclipsing some good news on the U.S. economy and labor market. "The key driver was largely the Ukraine news and the uncertainty of what that means," said Erik Davidson, deputy chief investment officer at Wells Fargo Private Bank.

  • Philippine economy grows 6.4 percent in 2Q Thursday, 28 Aug 2014 | 12:31 AM ET

    MANILA, Philippines— The Philippine economy expanded by 6.4 percent in the second quarter and tied with Malaysia as the second fastest growing in Asia during the period, officials said Thursday.

  • Thailand can see 2% growth this year: Expert     Thursday, 28 Aug 2014 | 12:25 AM ET

    Kobsak Pootrakool, Executive Vice President at Bangkok Bank, explains why he is confident that Thailand can see better economic growth by year-end.

  • Japan stocks lead Asian declines after weak data Thursday, 28 Aug 2014 | 12:24 AM ET

    TOKYO— Asian stock markets were mostly higher Thursday but gains were muted ahead of U.S. economic data and possible policy announcements from Japan. Hong Kong's Hang Seng added 0.2 percent to 24,965.42. and South Korea's Kospi rose 0.3 percent to 2,080.43 Sydney's S&P/ASX 200 fell 0.5 percent to 5,626.30.

  • This is China's most lucrative sector: Fosun CEO Wednesday, 27 Aug 2014 | 11:29 PM ET
    Liang Xinjun, vice chairman and chief executive officer of Fosun Internationa

    Mobile internet is China's most lucrative sector according to Fosun International, the country's largest private investment firm.

  • European bonds have gained since European Central Bank President Mario Draghi said last Friday that the bank was prepared to respond with "all available tools" if euro zone inflation dropped further.

  • Philippines grows 6.4% in Q2, above forecast Wednesday, 27 Aug 2014 | 10:46 PM ET

    The Philippine economy grew an annual 6.4 percent in the second quarter, supported by strong growth in the industrial and services sectors.

  • Did China just announce a new stimulus package? Wednesday, 27 Aug 2014 | 10:15 PM ET

    The Chinese government launched a "fresh round of mini-stimulus" to counter growth headwinds, according to a Bank of America Merrill Lynch report.

  • China property launches to deepen inventory Wednesday, 27 Aug 2014 | 8:02 PM ET
    At a property trade fair in Beijing, China

    Property launches in China are set to surge with developers sticking to their schedules despite mounting inventories, spelling trouble for the market.

  • Indonesia's president-elect has much to prove Wednesday, 27 Aug 2014 | 7:50 PM ET
    Indonesian President Joko Widodo.

    After three months of shambolic and lackluster campaigning, the wildly popular governor of Jakarta was staring at defeat.

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