Asia Economy
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The World Bank cut its economic growth forecasts for the East Asia and Pacific region on Monday and said there was a risk the slowdown in China could get worse and last longer than expected.
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Australian job advertisements in newspapers and on the internet fell 2.8 percent in September, a sixth straight month of decline that points to some softening in labor demand, a survey showed on Monday.
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The U.S. is the brightest spot in the world economy, as another global recession threatens, according to the latest Brookings Institution-Financial Times tracking index.
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Shopping in a U.S. department store? Surveillance cameras may be watching, and not because you might be a shoplifter.
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China was the world's turbocharged engine of growth for years, and U.S. technology, energy and industrial companies fattened their profit margins even if business struggled in other areas. That's changing now.
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CVC Partners is exploring the sale of Indonesia's PT Matahari Department Store, sources told Reuters, seeking a price tag of more than $2 billion after paying less than half that for the company two-and-a-half years ago.
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The Bank of Japan kept monetary settings unchanged on Friday after having loosened policy only last month, but it cut its assessment of the economy due to weakening exports and production.
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India's services sector expanded at its fastest pace in seven months as a spurt in new business encouraged firms to hire more staff, a survey showed on Thursday, suggesting the worst of the economic slump may be over.
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The European Central Bank (ECB) reassured financial markets last month that it was doing whatever it takes to end the euro zone debt crisis, now they want to hear what the ECB chief Mario Draghi will do to tackle the region’s other pressing concern - an economy on the brink of recession.
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Australian retail sales edged up only marginally in August as weakness in household goods and clothing pointed to restraint in discretionary spending, adding to the case for further supportive cuts in interest rates.
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Malaysia is on track to reach its goal of reducing the budget deficit to 3 percent of gross domestic product by 2015, beyond that, I would like us to achieve a budget surplus, said Prime Minister Najib Razak.
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Talk that Singapore’s monetary policy will be eased soon is growing louder as the economy teeters on the brink of recession. Yet, high inflation puts the country’s central bank in a bind and its next policy move is by no means a done deal, economists say.
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Australia's trade deficit blew out to its widest in three-and-a-half years in August as falling prices for iron ore and coal ate into export earnings, just the latest sign of how China's slowdown is hurting the resource-rich country.
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China's normally robust services sector weakened sharply in September to its lowest point since November 2010, as slow growth in manufacturing finally began to feed through to the rest of the economy, an official survey showed on Wednesday.
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Several major Chinese banks have cancelled participation in the annual meetings of the IMF and World Bank to be held in Tokyo next week, the Wall Street Journal said on Wednesday, the latest sigh that a territorial row is starting to hurt broader ties between Asia's two biggest economies.
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The rise in the New Zealand dollar against the Australian dollar is adding to pressure on local exporters, but analysts said it has not reached a level that will push the central bank to change rates.
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India's wealthy, from old money to nouveaux riches IT entrepreneurs, are quietly snapping up hotels and mines Down Under just as Australia embarks on an immigration campaign to attract long-term investment.
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Australia's central bank cut interest rates by a quarter point to a three-year trough of 3.25 percent on Tuesday, saying a darker global background, falling export prices and a high currency had all dimmed the economic outlook at home.
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South Korean inflation quickened in September but was still well below the central bank's target while the manufacturing sector shrank by the most since early 2009, adding to the case for an interest rate cut next week.
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An economic recovery in Asia will likely be delayed until 2013, the latest batch of manufacturing surveys around the region suggest, with economists warning that any rebound remains dependent on Asia’s growth engine, China, picking up momentum.