The Jakarta Composite surged to a fresh 15-month high after Joko Widodo was confirmed as president of the world's third-largest democracy.» Read More
Singapore could fall into a recession if Greece were to exit the euro zone, being the most vulnerable Asian economy, together with Hong Kong, given its close trade and financial links with Europe.
Speculation that major central banks are planning coordinated action heightened on Friday on a media report that Group of 20 nations are preparing to provide liquidity to financial markets.
Prices for a range of goods, including cotton, copper and gasoline, have fallen in recent weeks, a sign of faltering demand. The New York Times reports.
Earlier this week ratings agency Standard & Poor’s said India could be the first BRIC economy to lose its investment grade status, which was followed a day later by data showing factory output had nearly stalled in April. While India’s recent dismal economic performance has had investors looking for exits, several experts tell CNBC things are not as bad as the headlines suggest.
Earlier this week ratings agency Standard & Poor’s said India could be the first BRIC economy to lose its investment grade status, which was followed a day later by data showing factory output had nearly stalled in April. While India’s recent dismal economic performance has investors looking for exits, several experts tell CNBC things are not as bad as the headlines suggest.
Spain and Italy need a full-scale bailout from the European Union because of their high levels of government debt and the credit quality of their banks, and will likely seek help within the next 6 months, according to Sean Egan, Founding Partner and President of Egan-Jones, an independent ratings agency.
Boeing and Airbus, the world’s biggest aircraft manufacturers, say they aren’t that worried about a slowdown in the global airline industry, which is expected to see profits plunge by more than half this year.
The latest set of data on China’s economy released over the weekend indicate that authorities’ easing measures are working, with economist pointing to strong internal demand and investments as signs the country is avoiding a sharp slowdown feared by many in the markets.
Asian shares were in the red on Friday, after investors were disappointed that the Federal Reserve Chairman Ben Bernanke didn’t hint at another round of monetary easing. However, Michael Kurtz, Global Head of Equity Strategy at Nomura is unfazed, saying over the medium-term, equities remain the asset class most likely to succeed
After three years of monetary easing and unconventional policies to revive their economies from a slump, the Fed and the European Central Bank are now shifting the onus to politicians, urging them to fulfill their responsibilities.
Australia’s economy expanded at its fastest pace in over four years in the first quarter, boosted by strong household consumption growth, but strategists say they are doubtful the “lucky country” will be able to extend elevated levels of growth in the coming quarters as spending moderates.
Australia's Treasurer Wayne Swan says the government's plan to bring the country's budget back to surplus gives the central bank flexibility to cut interest rates. Speaking before the Reserve Bank of Australia's (RBA) interest rate decision later on Tuesday, Swan's words could add pressure on the RBA to cut rates.
Governments that can borrow long-term at very low interest rates should be rushing to borrow more, not less, and use that money to strengthen their finances, says Larry Summers, former U.S. Treasury Secretary.
With global markets continuing their tumble and bond yields dropping in tandem, calls are getting louder for a coordinated central bank action to stem panic in markets.
China came up with another set of weak numbers on Friday with two surveys of manufacturing activity showing that economic momentum slowed yet again in May, prompting analysts to say it’s time China got on with revving up growth.
The summer of 2012 is looking like an “eerie” echo of 2008 but euro zone sovereign debt has replace mortgages as the risky asset class that markets are anxious about, said Robert Zoellick, President of the World Bank.
Asian stocks have lost most of their gains of the year and May will likely end as the worst month for equity markets in more than three years, but some strategists tell CNBC this is an "amazing" time to accumulate stocks.
Large cap Asian stocks such as banks and property developers in Hong Kong and Singapore have declined so much over the past 12 months that they are now paying their best dividends in years, traders say.
A Greece exit from the euro zone could lead emerging market equities to retest the lows reached during the Lehman bankruptcy in 2008, spurred by mass capital outflow on heightened risk aversion, say strategists.
The recent panic selling of Asian stocks on fears of a possible euro zone break up is almost over with most indices in the region having bottomed out, says one analyst, who recommends buying now as central banks are likely to start pumping liquidity into the financial markets soon.
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