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Asia Economy

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  • Where Baring is bullish on  Sunday, 1 Mar 2015 | 6:47 PM ET

    Hong Kong-based Baring Private Equity Asia raised $3.99 billion for its sixth Asia fund last Tuesday. Jean Salata, CEO of Baring Asia, outlines where the fund will be targeting.

  • Why WPP remains 'extremely bullish' on China  Sunday, 1 Mar 2015 | 6:31 PM ET

    Martin Sorrell, CEO of WPP, discusses the significance of Prince William's visit to China. He also explains why the agency remains "extremely bullish" on the mainland.

  • Alaistair Chan, economist at Moody's Analytics, says China needs more rate cuts to prop up growth, likely in the form of another 50-basis-point cut in the reserve requirement ratio.

  • What's on the agenda in Asia this week  Sunday, 1 Mar 2015 | 5:07 PM ET

    CNBC's Pauline Chiou highlights events and economic data that will move Asia's financial markets this week.

  • *Performance beat expectations, follows HSBC flash survey showing recovery. SHANGHAI, March 1- Weakness in China's vast manufacturing sector, aggravated by high real borrowing costs and weak demand, appears to have driven the central bank to accelerate the pace of monetary easing to ward off deflation in the world's second-largest economy.

  • *Numbers came out right after China c.bank cut rates. SHANGHAI, March 1- Hours after China's central bank cut interest rates to battle slowing growth and rising deflationary risk, an official survey showed on Sunday that activity in China's factory sector contracted for a second straight month in February. Accounting for 48 percent of China's $10.2 trillion...

  • BEIJING— An index that measures China's manufacturing activity went up slightly in February but still showed contraction amid China's economy slowdown, according to official data released Sunday. China's economy, the world's second largest, grew 7.4 percent last year, its slowest expansion in nearly a quarter century. China's economy is expected to decline...

  • China official PMI inches up to 49.9 in February Saturday, 28 Feb 2015 | 9:45 PM ET

    China's factory sector shrank in February on unsteady exports and slowing investment, an official survey showed on Sunday.

  • BEIJING, March 1- Activity in China's factory sector contracted for a second straight month in February on unsteady exports and slowing investment, an official survey showed on Sunday, reinforcing bets that more policy loosening is needed to lift the economy. Accounting for 48 percent of China's $10.2 trillion economy last year, the services sector has...

  • BEIJING, Feb 28- China's central bank cut interest rates on Saturday, just days before the annual meeting of the country's parliament, in the latest effort to support the world's second-largest economy as its momentum slows and deflation risks rise. "The focus of the interest rate cut is to keep real interest rate levels suitable for fundamental trends in...

  • BEIJING, Feb 28- China's central bank said on Saturday it would cut benchmark interest rates by 25 basis points to 5.35 percent, a widely expected move as the world's second largest economy continues to show signs of weakness despite previous easing measures. "The focus of the interest rate cut is to keep real interest rate levels suitable for fundamental trends...

  • China's central bank cuts rates again to boost economy Saturday, 28 Feb 2015 | 5:46 AM ET

    BEIJING— China's central bank cut interest rates for the second time in three months Saturday, adding to signs the country's leaders are worried the economic slowdown is deepening too sharply. The People's Bank of China announced a rate cut on one-year loans by commercial banks by 0.25 percentage point to 5.35 percent. Last year, China's economic growth fell to...

  • NEW DELHI— India's finance minister announced the government's new budget on Saturday, promising a slew of measures that attempt to balance welfare spending with high economic growth and infrastructure development, while vowing to keep a tight control on the fiscal deficit. "The credibility of India's economy has been re-established," Jaitley told...

  • NEW DELHI, Feb 28- India's Finance Minister Arun Jaitley on Saturday announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. "India is about to take off," Jaitley, 62, said early in his speech to lawmakers. "The world is predicting that this is India's...

  • NEW DELHI, Feb 28- India's Finance Minister Arun Jaitley on Saturday announced a budget aimed at high growth, saying the pace of cutting the fiscal deficit would slow as he seeks to boost investment and ensure that ordinary people benefit. "The world is predicting that this is India's chance to fly." Reaping the benefits of low global prices for oil, India's main...

  • A prime opportunity to turbo-charge our economy Friday, 27 Feb 2015 | 4:23 PM ET
    Vern Buchanan Meets with Japanese Foreign Minister Fumio Kishida

    Here's a prime opportunity to turbo-charge our economy, says Rep. Vern Buchanan, a House Ways and Means member, who just returned from Asia.

  • Business events scheduled for the coming week Friday, 27 Feb 2015 | 1:26 PM ET

    WASHINGTON— Commerce Department releases personal income and spending for January, 8:30 a.m. Eastern; Institute for Supply Management releases its manufacturing index for February, 10 a.m.; Commerce Department releases construction spending for January, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Labor Department...

  • BUSINESS-NEWS-SCHEDULE AT 1600 GMT / 11:00 a.m. ET Friday, 27 Feb 2015 | 11:37 AM ET

    WASHINGTON- U.S. economic growth brakes more sharply than initially thought in the fourth quarter as businesses slow their pace of stock accumulation and the trade deficit widens, but the underlying fundamentals remain solid. CHICAGO- Moody's Investors Service cuts Chicago's already-weak credit rating one notch to Baa2, citing the city's growing costs...

  • Business events scheduled for the coming month Friday, 27 Feb 2015 | 11:24 AM ET

    WASHINGTON— Commerce Department releases personal income and spending for January, 8:30 a.m. Eastern; Institute for Supply Management releases its manufacturing index for February, 10 a.m.; Commerce Department releases construction spending for January, 10 a.m.. WASHINGTON— Labor Department releases weekly jobless claims, 8:30 a.m.; Labor Department...

  • February proved to be a strong month for U.S. stocks, even though it ended in downbeat fashion. It also brought the Nasdaq composite within striking distance of its March 2000 high. But the S&P 500' s 5.5 percent performance marked its best monthly increase since October 2011, and a turnaround from its 3.1 percent slide in January.

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