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Asia Economy

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  • Bet on Big Macs, materials when China cuts rates Friday, 21 Nov 2014 | 9:22 AM ET
    McDonald's in Kaifeng of Henan Province, China.

    When China cuts interest rates, McDonald's outperforms the market five days later and makers of stone and gravel also beat the market, history shows.

  • China cut pegs growth floor at 7 percent: Roach Friday, 21 Nov 2014 | 9:10 AM ET
    A man rides his electric bicycle passing the People's Bank of China (PBoC).

    China has revealed its floor for economic growth is 7 percent after unexpectedly cutting interest rates, the former chairman of Morgan Stanley Asia says.

  • China, Europe chase growth amid global slowdown Friday, 21 Nov 2014 | 5:52 AM ET

    BEIJING— China's central bank unexpectedly slashed interest rates on Friday to re-energize the world's No. 2 economy, joining a growing list of major economies that are trying to encourage growth in the face of a global slowdown. And Japan's government this week delayed a tax increase after the country slipped back into recession. News of China's actions and...

  • BEIJING— China's official news agency says central bank cuts interest rate.

  • TOKYO, Nov 21- Japan's annual core consumer inflation probably eased for a third straight month in October reflecting falling oil prices, a Reuters poll showed, likely keeping the Bank of Japan under pressure to act again in order to achieve its inflation target. A run of soft indicators due on Nov. 28 could raise doubts about Prime Minister Shinzo Abe's...

  • Why elections will be a new dawn for Abenomics     Thursday, 20 Nov 2014 | 10:09 PM ET

    Shane Oliver, Head of Investment Strategy & Chief Economist at AMP Capital Investors, says elections are buying time for Prime Minister Abe's policies, which need time to materialize.

  • Elections put dollar-yen in 'tricky spot': HSBC     Thursday, 20 Nov 2014 | 9:47 PM ET

    Dominic Bunning, FX Strategist at HSBC, outlines how the upcoming election in Japan could sway the dollar-yen pair.

  • Behind Abe's move to call for snap polls     Thursday, 20 Nov 2014 | 9:31 PM ET

    Japan's Prime Minister is motivated by hopes that elections can "purify" the ruling party from recent scandals, says Jun Okumura, Visiting Scholar at the Meiji Institute for Global Affairs.

  • The Shanghai-Hong Kong bourse linkup is part of Beijing's broader agenda to push for reforms in the mainland's financial sector. CNBC's Eunice Yoon reports.

  • While the ruling coalition could lose some seats, it'll be enough of a majority for Prime Minister Abe to continue reforms, says Harumi Taguchi, Principal Economist at IHS Global Insight.

  • *Inflation among highest in emerging markets. ISTANBUL, Nov 20- The Turkish central bank kept interest rates on hold on Thursday and said it would keep monetary policy tight until the inflation outlook improves significantly, hinting that no cuts are likely until next year. The Istanbul stock index and 10- year benchmark bond were little moved.

  • LONDON/ BEIJING, Nov 20- Surveys sounded warning bells for the global economy on Thursday as euro zone businesses grew less quickly than any forecaster expected and China's factories lost momentum. Markit's Composite Flash Purchasing Managers' Index for November, based on surveys of thousands of companies and seen as a good growth indicator, fell to 51.4,...

  • Pro expects consumer spending jolt     Thursday, 20 Nov 2014 | 6:10 AM ET

    William Lee, Citi, explains why he is concerned about consumer spending amid Federal Reserve uncertainty.

  • China: Australia trade deal won't hurt New Zealand Thursday, 20 Nov 2014 | 1:27 AM ET

    WELLINGTON, New Zealand— Chinese President Xi Jinping said Thursday that his country's trade deal with Australia won't hurt neighboring New Zealand because demand from the world's No. 2 economy remains strong. China and Australia signed a preliminary free-trade deal earlier this week. Xi said people have been asking him if that will have a negative impact on...

  • China stocks fall on economy worries, Hong Kong steady Thursday, 20 Nov 2014 | 12:09 AM ET

    HONG KONG/ SHANGHAI, Nov 20- China shares fell on Thursday on fresh worries over the cooling economy and as profit-taking pressure persisted after the launch of a landmark Hong Kong- Shanghai trading link. The CSI300 index of the largest listed companies in Shanghai and Shenzhen also fell 0.1 percent. Investors on the mainland have been offloading shares which...

  • BEIJING, Nov 20- China's factories looked to have hit an air pocket in November as a private survey showed output falling for the first time in six months, adding to concerns about slowing economic momentum and to the case for further policy easing from Beijing. In China, the flow of data was again disappointing as an early reading on HSBC/ Markit's manufacturing...

  • China growth could slow to 5-6%, says this expert     Wednesday, 19 Nov 2014 | 10:11 PM ET

    Jonathan Pain, Author of The Pain Report, says the mainland economy faces an "inevitable deceleration" and could see 5-6 percent annual growth over the next 5 years.

  • *MSCI Asia index excluding Japan slips 0.3 percent. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.3 percent, briefly touching a three-week low. The China flash HSBC/ Markit manufacturing purchasing managers' index published on Thursday showed factory output contracted in the world's third-biggest economy for the first time in six...

  • BEIJING, Nov 20- Growth in China's vast factory sector stalled in November, with output contracting for the first time in six months, a private survey showed on Thursday, adding to signs that the economy may still be losing traction. The flash HSBC/ Markit manufacturing purchasing managers' index fell to a six-month low of 50.0 from a final reading of 50.4 in October...

  • China's factory activity stalls in November Wednesday, 19 Nov 2014 | 8:50 PM ET

    China's factory activity stalled in November as output shrank for the first time in six months, a private survey showed on Thursday.