Beijing was pushed into launching the AIIB by U.S. refusal to give China more clout in existing institutions, Bernanke said. The FT reports.» Read More
Chinese banks are cutting off riskier borrowers, tightening lending terms, and deploying teams of investigators to assess the risk of loan defaults.
Japan's current account swung to a deficit in June for the first time in five months, government data showed on Friday, due to a decline in earnings on overseas investments.
The yuan has rebounded amid an upswing in Chinese economy, but can continue the trajectory even as the Fed tightens the screws on monetary policy.
The world is at risk of another financial crash following a steep rise in asset prices, according to the governor of India's central bank. The FT reports.
Rio Tinto reported a 21 percent rise in first-half profit on Thursday, beating market forecasts as it slashed capital spending.
At the Bank of Japan's policy meeting this week, the market will be keeping an ear out for any changes in Governor Kuroda's stance on the economy.
Li Ka-shing's Cheung Kong Group will secure its A$2.2 billion takeover of Envestra after rival APA Group said it would accept the offer.
Australia's labor force unexpectedly shrank in July, data from the Australia Bureau of Statistics (ABS) showed on Thursday, while unemployment rate rose more than expected to a 12-year high.
China is pushing back its timetable to make the yuan freely convertible as removing capital controls could unleash damaging speculative flows.
Samsung Electronics and Apple have agreed to drop all patent lawsuits outside of the United States, a Samsung spokesperson said on Wednesday.
Samsung Electronics is under pressure to reinvent itself - to be more innovative, but not lose the rigor and focus that made it a global powerhouse.
Despite simmering tensions between China and Southeast Asia, trade between them has surged in recent years and the ties will only deepen, HSBC said.
For the first time lands plots up for auction in Beijing went unsold, signaling developer anxiety over continued weakness in the property market.
Viagra's patent in China has expired and some analysts expect cheaper prices will bring a surge of demand for the storied erectile dysfunction drug.
China's bond market is booming with record issuance and strong demand, but it has been a speculative play dominated by Chinese issuers and investors.
China has invited the US to co-operate in aiding Africa, a proposal that has potential implications for future international development aid.
South Korean have been left out of the global market rally, but the market is back on investors’ radars following new government policies.
The Philippines' largest conglomerate claims its plan to upgrade Manila airport won't cost the government a single peso.
Equities in the U.S. and Europe have traded sideways for much of the last two months culminating in a heavy selloff at the end of last week.
Xiaomi, has overtaken Samsung as the biggest smartphone vendor in China, intensifying pressure on the South Korean company.
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Gerard Cassidy, MD & banking analyst at RBC, says the Bank Of America will benefit from the rise in short-term interest rates.
To stop deflationary risks from becoming entrenched, the European Central Bank needs to step up on the front-loading of asset purchases under its quantitative easing program, says Will Oswald, head of FICC at Standard Chartered Bank.
Vasu Menon, vice president, Group Wealth Management at OCBC Bank, says factors such as a stronger U.S. dollar and a slowdown in China will weigh on the Australian dollar.