*Shanghai shares lower, Aussie dollar slips in reaction. "China's manufacturing sector had a weak start to Q2, with total new business declining at the quickest rate in a year while production stagnated," said Annabel Fiddes, an economist at Markit. Shanghai shares were off 0.6 percent, while the CSI300 index of the largest listed companies in Shanghai and Shenzhen...» Read More
Malaysian Prime Minister Abdullah Ahmad Badawi will announce plans to retire in June 2010, a move aimed at ending months of political uncertainty that have unnerved investors, a news website said on Thursday.
South Korea's central bank kept rates on hold on Thursday as expected, with its battle against inflation now playing out in the currency market where the won jumped as much 1 percent on dollar-selling fears.
Japanese wholesale prices rose slightly more than expected in June from a year earlier to hit a fresh 27-year high on surging oil and commodity prices, adding gloom to firms facing dwindling profit margins.
Singapore's economy suffered its steepest decline in five years in the in the second quarter, down an annualized, seasonally adjusted rate of 6.6% -- much stronger than economists had expected.
Malaysian annual inflation in June probably exceeded 6.0 percent, the central bank chief said on Wednesday, breaching a mark not seen in 26 years and reinforcing expectations of an interest rate hike.
Japan's core machinery orders rose a faster-than-expected 10.4% in May, suggesting capital spending was holding up, but economists were cautious about the outlook as soaring costs hurt corporate bottom lines.
German industrial conglomerate Siemens plans to cut around 4 percent of its workforce as part of an overhaul and as a result of the global economic downturn, Siemens said on Tuesday.
South Korean President Lee Myung-bak sacked three ministers on Monday in his first cabinet reshuffle, trying to restore support for his four-month-old government embattled over an unpopular U.S. beef import deal.
South Korean authorities warned markets on Monday they would defend the won aggressively to rein in inflation, boosting the currency and reinforcing expectations the central bank will keep interest rates steady this week.
Japanese corporate profits are falling while consumer prices are expected to keep rising due to high oil and food costs, Bank of Japan Governor Masaaki Shirakawa said, underlining the central bank's policy dilemma as it juggles the risks of slowing growth and rising global inflationarypressure.
Malaysian exports in May jumped 22 percent from a year earlier to a record high, far exceeding market expectations, thanks to high shipments of crude, palm oil and electronics.
Historic regular flights between Taiwan and China began on Friday, in a show of conciliation between the long-time rivals that could bring large numbers of mainland Chinese visitors to the island.
Taiwan's cabinet announced a plan on Thursday to raise the amount of assets that Taiwan mutual funds can invest in China stocks, the latest in a series of measures to further improve trade ties with China.
The sodomy allegation confronting Anwar Ibrahim could end up helping him more than hurting him in his drive to lead Malaysia's opposition to power for the first time in history.
China on Wednesday tightened the administration of its capital controls in a move aimed at deterring speculative inflows of foreign currency.
Opinion polls showed most people believed Malaysian opposition leader Anwar Ibrahim did not commit sodomy against a young aide after a similar charge landed him in jail for six years before it was overturned.
Malaysian opposition leader Anwar Ibrahim, accused of homosexual assault, is lodging a police report on Tuesday claiming the police chief and attorney-general fabricated evidence against him in a similar case a decade ago.
China's manufacturing sector has lost considerable momentum because of surging costs at home and weak demand from abroad, an official survey showed on Tuesday.
Confidence among big Japanese manufacturers fell to a five-year low in June, a central bank survey showed, but the fall was less than expected, hitting Japanese bonds while helping push up shares.
South Korea's central bank cut its economic growth forecast for the second half of the year by a half percentage point on Tuesday, while shaving its full-year growth forecast by a smaller margin.