WASHINGTON— Top business executives are pressing Congress to give President Barack Obama greater authority to negotiate international trade deals, citing the potential for increased hiring in the United States and greater competitiveness for their companies overseas. Most Republicans, who now control Congress, support broadening trade.» Read More
The Philippine stock market, Asia's most expensive, should be out of gas but there are signs it could have more room to run as brokers eye the 6,500 mark in the benchmark index ahead of the country's first investment grade credit rating, possibly in the next six months.
Where does a major bond investor take their cash if they want to steer clear of the euro zone's troubles but don't have the stomach for emerging markets? The answer, for a growing number of Japanese funds, is Poland.
China has lowered the bar for companies to list overseas to ease pressure on domestic stock markets where more than 800 companies are waiting for approval of their initial public offerings.
Although many investors and government officials in Asia have one eye on the ongoing negotiations between the US President and Congress to avert the fiscal cliff, Asian stock and bond markets have shown few signs of nerves.
Japan's December rally has handed Asia's struggling stock traders an early Christmas present as the rare flurry of activity in Tokyo helps make an otherwise bleak year end on a brighter note.
As America mourns children and teachers killed by a gunman at Connecticut's Sandy Hook Elementary, India is confronting brazen and horrific acts of violence, too — though the problems here are not as directly tied to guns or mental illness.
Hong Kong's de facto central bank said it is investigating possible misconduct by UBS over its submission of interbank rates, raising the possibility that the bank could face another fine a day after it agreed to pay $1.5 billion for its role in the Libor scandal.
Australia's government abandoned a long-held pledge to return its budget to surplus, blaming a painfully high local currency, lower export earnings and lower company profits for blowing a massive hole in tax takings.
Authorities in the eastern city of Qingdao have sold a land parcel for 872.4 million yuan ($140 million) in an auction that set the highest premium of the year, the latest in a series of deals to signal a mild recovery in China's property market.
New Zealand's economy grew at its weakest rate in nearly two years during the September quarter as falling manufacturing and agricultural output offset a surge in construction, but analysts said it was unlikely to prompt a rate cut.
Long-time China watchers probably felt a sense of deja vu when HSBC's chief China economist, Qu Hongbin, predicted last month that the yuan would be convertible within five years.
Chinese workers are enjoying better pay and are changing jobs more often, an international human resources consultancy says.
The Bank of Japan is expected to deliver its third dose of monetary stimulus in four months on Thursday in a prelude to more aggressive action next year, as it faces intensifying pressure from the country's next leader for stronger efforts to beat deflation.
Business sentiment among Asia's top companies improved slightly in the fourth quarter, reversing two consecutive quarters of declines, while global economic uncertainty remained the biggest concern for the region's firms, a Thomson Reuters/INSEAD survey showed.
The World Bank raised its 2013 economic growth forecasts for China and developing East Asia on Wednesday, and said the region remained resilient despite the lackluster performance of the global economy.
If the outcome of Sunday's election in Japan was a disaster for the outgoing Democratic Party of Japan, it didn't offer much comfort, either, to leaders in China and South Korea. At a time of heightened regional tension, they are preparing for the arrival of a conservative administration in Tokyo.
The gathering had the air of a post-mortem. About 100 executives and government officials listened quietly as Guillermo Luz poked holes in the Philippines' fairytale economic revival.
South Koreans assumed that Lee Kun-hee was the equivalent of royalty, an untouchable oligarch at the helm of one of the world's largest companies, the Samsung Group.
The Indian parliament cleared a path for more foreign investment in the banking sector by approving a bill to increase shareholders' voting rights.
China, already struggling with a slowing economy, may now be facing the type of credit crunch that helped derail the U.S. economy four years ago.