The stockpiling of cabbage is a vestigial impulse that speaks to an era of scarcity that still haunts Chinese of a certain age. The NYT reports.» Read More
Chinese banks have rolled over at least three-quarters of all loans to local governments that were due to mature by the end of 2012, an indication of the immense challenge facing China in working down its debt load. The Financial Times reports.
Used car sales in China grew faster than new car sales for a second straight year in 2012, and should account for half of all sales within seven years as the world's biggest autos market matures.
POSCO, the world's No.5 steelmaker by output, reported a 51 percent slump in quarterly operating profit as tepid demand and falling prices offset lower raw material costs helped by a firmer local currency.
Asia's financial capital Hong Kong retained its top spot as the world's most expensive city to rent a high-end apartment as robust demand on the island, a popular destination for employees looking to relocate overseas, and constrained supply, kept prices elevated.
Hints at a removal of the Chinese government's decade long ban on video-gaming have excited technology investors over potential gains for the industry, but analysts have warned the impact could be muted.
The long-awaited rate cut comes as a relief for the nation's consumers, who have been hoping for cheaper financing in their next property or car purchase.
U.S. benchmark crude oil prices are expected to resume their march towards triple digits as stock markets respond to improved economic data in the U.S. and China, according to CNBC's latest oil market sentiment survey.
The world's top economic policymakers are likely to discuss how Japan's new monetary and fiscal policy drive is weakening the yen when they meet next month, but will stop well short of calling it a competitive devaluation, G20 officials said.
In China, the possibility of political reform and nationalization of the military under the new generation of leaders seems remote. Over the weekend, Beijing-based journalist Gao Yu published an analysis of a leaked speech given by President Xi Jinping during his southern tour last month that appears to throw cold water on hopes for reform. The Global Post reports.
The joint investigation into the Boeing 787's battery problems has shifted from the battery-maker to the manufacturer of a monitoring system.
Toyota Motors regained the crown as the world's top selling automaker in 2012, posting record-high sales and beating rivals General Motors and Volkswagen.
Japanese Prime Minister Shinzo Abe, vowing to overcome what he called an economic crisis facing the nation, urged the Bank of Japan (BOJ) on Monday to hit its inflation target as soon as possible, keeping up pressure on the central bank to make good its promise of bolder action to overcome deflation.
The trial of disgraced senior Chinese leader Bo Xilai, the central figure in the country's biggest political scandal in decades, will not be held on Monday as some media had reported, a court official in the southern Chinese city of Guiyang said.
Lee Hsien Yang, the brother of Singapore's prime minister and chairman of Fraser and Neave (F&N), will enter a new chapter in his corporate life - and could well leave F&N - as the group looks set to be taken over by Thailand's third-richest man.
Indonesia-focused miner Bumi will announce plans for a smaller board and a new company name as it seeks to break with two years of damaging battles between investors, a source familiar with the matter said on Sunday.
For all the doomsayers predicting an end to its mining boom, Australia is pumping out more metal, coal and gas thanks to a investment bonanza that will peak this year, boosting exports needed to extend a jaw-dropping 21-year run of economic growth.
Apple iconic iPhone is losing some of its luster among Asia's well-heeled consumers in Singapore and Hong Kong, a victim of changing mobile habits and its own runaway success.
Bank probes find manipulation in Singapore's offshore FX market - source Internal reviews by banks in Singapore have found evidence that traders colluded to manipulate rates in the offshore foreign exchange market, according to a source with knowledge of the inquiries.
Profits earned by China's industrial companies rose 17.3 percent in December from a year earlier to 895.2 billion yuan ($143.91 billion), official data showed on Sunday, as a fourth-quarter recovery helped offset poorer corporate results in the third.
Japan's economy minister rejected criticism on Saturday that his country's extraordinary fiscal and monetary stimulus program was aimed at weakening the yen and undermined central bank independence.
Jeremy Stretch, Head of FX Strategy at CIBC says investors should look beyond tapering and also pay attention to underlying growth dynamics.
Hao Hong, MD of Research & Chief Strategist at Bank of Communications International, says the real test of Chinese reform is whether the government can sit tight if growth falls below 7% in 2014.
Jay Srivatsa, Managing Director of Chardan Capital Markets, thinks the tech rally still has legs but says bigger returns will come from smaller cap names.