Western banking giants are losing ground to China, as the world's second-biggest economy vies to establish its economic influence.» Read More
Singapore, an Asian hub for banking and finance, is ramping up its bid to become a center for gold trading that may one day rival London.
European markets closed slightly lower on Thursday, after trading narrowly in and out of positive territory throughout the day.
Standard Chartered said its profits would fall by about 20 percent in the first half of this year from a year ago.
The Singapore Exchange said it will launch a physically deliverable gold contract to meet demand in Asia, the top consumer of the precious metal.
In a sluggish year for Asian exporters, Taiwan's economy and stock market are in a "sweet spot" thanks to Taiwan's position in the tech supply chain.
Luxury retailers in China are suffering amid an anti-corruption drive and uncertain economic outlook and they're unlikely to recover anytime soon.
China's gradual monetary policy loosening may be discreet, but the cumulative effect is proving just as powerful as an outright cut in bank reserves.
A surge in business loans to the slowing mainland Chinese economy has prompted Hong Kong regulators to impose strict financial rules.
The advent of the World Cup seems to have brought summer's "silly season" forward by a couple of months.
U.S. authorities negotiating with BNP Paribas over alleged sanctions violations at one point suggested it pay a penalty as high as $16 billion.
China's stock market has long failed to live up to expectations, but some analysts are still holding out hope for the Shanghai Composite.
Trading houses and banks are checking on their exposure to the Qingdao probe into metal financing over concerns of a crackdown on commodity financing.
The euro languished near four-month lows after the European Central Bank's loosened monetary policy.
Singapore stocks are trading at their highest in almost a year and having lagged regional peers, analysts say the market could gain the upper hand.
Investors rejected the pay plans of 10 of the world's biggest banks as anger over excessive bonuses soared in both Britain and the United States.
China will manage its property sector at a local level as it seeks to avoid either a slowdown that undermines the economy or a surge in prices.
In China's mobile battleground, analysts say Tencent is a step ahead of rival Alibaba as the social networking firm makes strides in e-commerce.
Asian stocks were mixed on Friday following a subdued Chinese inflation report and as traders kept a close eye on developments in eastern Ukraine.
Standard Chartered said its first-quarter profit fell by a high single-digit percentage compared with last year thanks to tough market conditions.
Positive signs from the US economy have failed to boost the greenback, while tensions in Ukraine are driving traders to the yen.