India's prized $108 billion IT services sector is on a "knife edge" in the face of a looming vote on the U.S. immigration reform bill that threatens the very business model the industry thrives on, says Nomura.
They may both be "BRICs", but China and Brazil face opposite problems and should take tips from each other, according to a report by Capital Economics out on Thursday.
The hot money flooding out of the west in search of higher returns in growing markets has stoked fears about the biggest credit boom in Asia. The Financial Times reports.
India's prized $108 billion IT services sector is on a "knife edge" in the face of a looming vote on the U.S. immigration reform bill that threatens the very business model the industry thrives on, says Nomura.
Indian businesses don't want to lose out on the opportunities provided by the burgeoning trade between China and India, and the first step is to start learning Mandarin.
The kyat has plunged more than 7 percent over the past month to the lowest since it was floated last year, raising concern about economic stability in Asia's newest democracy.
The unexpected contraction in China's factory activity in May has heightened the risk of a further slowdown in the second quarter, after the economy grew at its slowest pace in three years over January to March, said economists.
A perfect storm of yen strength, soaring JGB yields and new evidence of weakness in China's economy sparked a major sell-off in Japan's equity markets on Thursday.
The problem for Korea had seemed obvious: the won has climbed by a third against the Japanese currency, in theory allowing Japanese companies to undercut Korean competitors and carry home more yen.
Singapore's economy may have grown unexpectedly in the first quarter of the year but the manufacturing sector remains weak and that's not a great sign for the export-dependent economy, analysts say.
Japanese government bond yields soared to 1 percent on Thursday, their highest level in a year, prompting the Bank of Japan to keep a promise of taking action to stabilize an incredibly volatile market.
Sinopec made a lackluster market debut on Thursday, casting doubt on a nascent recovery in IPO issuance in the city as investors remained cautious because of a weaker local stock market.
Singapore on Thursday reported a surprise expansion in its economy in the first quarter, helped by a surge in financial services as trading in stocks and foreign exchange soared.
China's factory activity shrank for the first time in seven months in May as new orders fell, a preliminary survey of purchasing managers showed, adding to concerns that a recovery in the world's second-largest economy is sputtering.
Japanese investors sold 804.4 billion yen ($7.8 billion) worth of foreign bonds last week after three straight weeks of net buying, as they took advantage of the soft yen.
Hacking in China thrives across official, corporate and criminal worlds and is openly discussed and promoted, whether for breaking into private networks, tracking dissent or stealing trade secrets. The New York Times reports.
Despite all the negative headlines, Chinese investment in the US hit an all-time record in 2012: $6.5 billion. It will likely surpass that level in 2013.
Microsoft unveiled its long-anticipated next generation console Xbox One on Tuesday, but it was its inclusion of live TV, rather than its gaming capabilities that set tongues wagging.
Survey after survey shows that the wealthy are back to pre-crisis boom years when it comes to their outlook for their own finances, their investments and their retirements. But many of them are still sitting on lots of cash.
Hong Kong's Hang Seng stock index may be one of Asia's laggards, but Morgan Stanley reckons the market is poised to more than double to 50,000 by the end of 2015.
Viktor Shvets, Head of Strategy Research, Asia at Macquarie discusses Abe's tough road ahead trying to reflate economy while avoiding a bond yield blow out.