The IMF is reportedly on the verge of declaring China's yuan fairly valued for the first time in more than a decade, the Wall Street Journal reported.
The latest gauge of China's manufacturing activity showed the country's vast factory sector remained in contraction for the month of April.
Indonesia's president is gaining a reputation as executioner-in-chief, possibly to counter perceptions he's politically weak. The FT reports.
Macau casino stocks have dropped amid China's anti-graft crackdown, but some investors hold faith in long-term gambling demand.
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Julia Wang, Greater China economist at HSBC, says the final PMI reading showed "continued contraction" of China's factory sector and is a reminder that the economy still needs monetary support.
While Chinese markets look "incredibly constructive", investors shouldn't expect the country's growth to re-accelerate, says Paul Krake, founder of View from the Peak: Macro Strategies.
Bambang Brodjonegoro, finance minister of Indonesia, says the roles of the Asian Development Bank and China-led Asian Infrastructure Investment Bank are complementary.