BEIJING— Asia Pacific finance ministers are meeting in Beijing amid concerns over a slowdown in the regional economy highlighted by lower Chinese growth figures. Wednesday's meeting of 21 ministers from Asia-Pacific Economic Cooperation economies is being chaired by China's finance minister Lou Jiwei and comes weeks ahead of APEC's leadership summit...» Read More
Indonesian property stocks have fallen 18 percent this year from their peaks, but one of the country's biggest property developers, Lippo Karawaci says the real estate sector is in its prime.
Germany’s resistance to a banking union and stimulus measures is in the way of a solution to Europe’s debt crisis, and could turn this week’s meeting of the region’s leaders into a “fiasco”, according to billionaire investor George Soros.
Commodities bulls may have finally “thrown in the towel,” Marc Faber, the editor and publisher of the Gloom, Boom and Doom report told CNBC, after commodities suffered their biggest one-day fall this year on Thursday.
Asian markets fell on Thursday amid growing worries about global growth after China’s factory sector contracted for an eighth straight month, with economists telling CNBC it’s time for Asian policymakers to do more to boost growth.
The Federal Reserve’s monetary easing has reached its limit and it is now time for the government to put fiscal policy to work, according to Robert Heller, a former governor of the U.S. central bank.
The U.S. central bank will most likely ease monetary policy when it meets this week as recent data point to a worsening labor market and the crisis in Europe intensifies, Goldman Sachs said.
While the victory of pro-bailout parties in Greece brought cheer to the markets on Monday, one expert warns it will not go a long way in boosting the debt-laden country’s economic prospects.
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.
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