Asia Economy


  • The U.S. needs to provide more clarity to ease fears about the “fiscal cliff’” of tax hikes and spending cuts that are due to kick in in January, Zhu Min, deputy managing director of the International Monetary Fund (IMF) said on Friday.

  • Zhu Min, deputy managing director of the International Monetary Fund (IMF)

    The U.S. needs to provide more clarity to ease fears about the “fiscal cliff’” of tax hikes and spending cuts that are due to kick in in January, Zhu Min, deputy managing director of the International Monetary Fund (IMF) said on Friday.

  • Why Asia Can’t Pull Global Economy Out of Crisis Thursday, 11 Oct 2012 | 5:19 AM ET

    Asian economies, which powered the global recovery following the 2008 financial crisis, are unlikely to pull the world out of its current slump, given the inadequate response from policymakers in the region, analysts told CNBC.

  • Japan August Core Machinery Orders Fall 3.3% on Month Wednesday, 10 Oct 2012 | 8:03 PM ET

    Japan's core machinery orders fell 3.3 percent in August from the previous month, government data showed on Thursday, a sign that slowing demand in China and the broadening pain from Europe's debt crisis are sapping corporate appetite to spend.

  • China will offer 2.5 billion yuan ($398 million) in loan subsidies to importers for purchases of advanced technological equipment, raw materials and other components, the Ministry of Finance said on Wednesday.

  • China's economic growth is expected to weaken to 7.8 percent this year, the International Monetary Fund said on Tuesday as it warned of risks to emerging Asia if the euro zone crisis worsens and the United States does not avoid its "fiscal cliff".

  • Crowds crossing the famous Shibuya Crossing intersection at the centre of Shibuya's fashionable shopping and entertainment district, Shibuya, Tokyo, Japan.

    A territorial dispute with China, which has disrupted Japanese firms operating on the mainland and hurt exports, is expected to deal a significant blow to Japan’s economy, which is already losing its momentum and could contract in the fourth quarter, JPMorgan said

  • Economic Recovery ‘On the Ropes’ Sunday, 7 Oct 2012 | 8:26 PM ET

    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.

  • Singapore paper currency and coins

    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.

  • 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.

  • China Stocks Top Pick Among BRICs: Goldman's O'Neill Friday, 28 Sep 2012 | 3:37 AM ET
    Jim O'Neill, chairman of Goldman Sachs Asset Management

    Chinese equities fell to their lowest levels since 2009 this week on concerns over an economic slowdown, but Jim O'Neill, chairman of Goldman Sachs Asset Management says mainland stocks present the most exciting investment opportunity of all the BRIC markets.

  • OECD Casts Doubt on Indonesia’s High Growth Plan Thursday, 27 Sep 2012 | 4:31 AM ET

    Indonesia may miss its goal of becoming one of the world’s 10 largest economies by 2025, as it is still far from growing at the 7 to 9 percent annual rate needed to meet the target, according to the Organization for Economic Co-operation and Development (OECD).

  • China Stocks Breach Key Level, More Losses Seen Wednesday, 26 Sep 2012 | 5:12 AM ET
    A local investor watches the share-prices index display at a stock brokerage in Shanghai.

    China’s benchmark Shanghai Composite Index broke below a key support level on Wednesday, touching its lowest point in more than three and a half years, and market watchers told CNBC mainland stocks are set to suffer further losses in the coming weeks.

  • Which Asian Country Is Minting Millionaires the Fastest? Wednesday, 26 Sep 2012 | 2:11 AM ET
    Pedestrians cross a street in Jakarta's modern business district.

    While China may currently have the highest number of high net worth individuals in Asia another much smaller regional economy, Indonesia, is expected to see the fastest growth in its millionaire population, according to a report by Swiss private bank Julius Baer.

  • QE3 Will Not Help US Consumers or the Jobless: Roach Friday, 21 Sep 2012 | 12:21 AM ET
    Stephen Roach, senior executive with Morgan Stanley

    The U.S. Federal Reserve’s latest round of quantitative easing is not going to bring down unemployment nor put more money into the consumer’s hand, according to Stephen Roach, senior fellow at Yale University.

  • Will China's Next Move Be a Rate Hike? Thursday, 20 Sep 2012 | 3:27 AM ET

    After bold stimulus measures by the world’s major central banks all eyes are now on China to come up with a monetary boost to bring momentum back into its slackening economy, but one analyst expects quite the contrary. He tells CNBC that the next major policy move from China will likely be an interest rate hike.

  • China Stocks Languish as Retail Investors Give Up Monday, 17 Sep 2012 | 1:40 AM ET
    An anxious local investor looks at the stock index display screen of shares in trading at a stock exchange on June 7, 2006, in Zhengzhou, Henan Province China.

    Chinese stocks have given one of their worst performances this year with the Shanghai Composite tanking nearly 13 percent in the last six months, making it the biggest laggard among its Asian peers. While a cooling economy and falling corporate profits are some of the reasons for this poor performance, another major factor is the disappearance of the Chinese retail investor.

  • Louis Vuitton at North Pavilion, Marina Bay. Further in distant is business district of Singapore.

    The Federal Reserve’s measures to revitalize the U.S. economy pose risky side effects half way across the world in Asia, warn experts, particularly in the form of asset bubbles driven by an inflow of speculative funds into the region.

  • No Surge of Funds Into Asia From QE3: Thai Central Bank Thursday, 13 Sep 2012 | 4:35 AM ET
    Prasarn Trairatvorakul, governor of the Bank of Thailand

    The U.S. Federal Reserve is widely expected to announce a third round of quantitative easing (QE3) later Thursday, but it is unlikely to result in huge capital inflows into Asia, the Bank of Thailand’s Governor Prasarn Trairatvorakul told CNBC.

  • Asia’s Central Banks Will Watch, Not Follow Fed Thursday, 13 Sep 2012 | 4:23 AM ET

    Asia’s central bankers are unlikely to take their cue from any monetary stimulus the U.S. Federal Reserve delivers on Thursday - instead they are expected to hold their fire power and use it on any further signs of economic weakness at home or abroad.

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