The majority investor in Malaysia Airlines said on Friday it planned to cut its workforce by 30 percent, or 6,000 workers, in an effort to make the group profitable by 2017.» Read More
First, it was the Japanese who blew into the U.S. to buy famous pieces of landscape. Now another set of deep-pocketed foreign buyers is pushing ever deeper. The NYT reports.
Former director of the U.S. Central Intelligence Agency (CIA) has said the fallout from the Edward Snowden case could be extremely damaging to U.S.-China relations.
The buoyant currency has fallen to its lowest level in more than a month, finally succumbing to jitters about signs of weakness in the economy.
Tougher regulation mean banks in Singapore are struggling to replace the 100 traders who left the market during a rate-fixing probe.
The average wage slave in Shanghai may find it harder than ever to get a job or pay rent, but when it comes to cheap grub, the government is there for them. The FT reports.
Troubles in emerging markets could stretch to the luxury apartment markets in New York City and Miami. But only if you're a single-digit millionaire.
An American businessman in China says workers at his factory are holding him hostage in a dispute over money.
Market veterans Marc Faber and Jim O'Neill — known as Dr. Doom and Mr. BRIC respectively — posted opposite views when asked if the Chinese liquidity crunch was real.
Samsung Electronics is in early talks with the EU antitrust regulator to settle charges that it abused its market position by barring Apple from using an essential mobile phone patent. The talks come after the European Commission told Samsung it was acting unfairly by seeking injunctions against Apple.
System outages at several Chinese banks have exacerbated concerns amongst the public about a credit crunch, after the central bank tightened the availability of funds.
The Shanghai Composite may have erased most of Tuesday's steep losses by the end of the session, but analysts say there is more pain to come.
Less than a week after talk of tapering of U.S. monetary stimulus rattled markets, worries about a credit crunch in China suggest risk appetite may take time to return.
China's central bank is right to stand its ground even as its decision to tolerate a credit squeeze that raises the prospect of slower growth in the world's second biggest economy rattles markets, strategists told CNBC.
There are some signs of distress among Chinese firms because of tighter liquidity conditions, according to one survey.
Indonesia's president has apologized for the forest fires that have blanketed Singapore and Malaysia with thick smog in Southeast Asia's worst air pollution crisis in 16 years.
Cash-rich mainland Chinese, have fled Hong Kong's real estate market, scared off by cooling measures that have sent them scouring overseas for better options.
The White House issued a blistering criticism of China over its decision to let Snowden leave Hong Kong, as his whereabouts remained uncertain. The Financial Times reports.
Japan's public pension fund of $1.1 trillion may start buying real estate to boost returns in a move that could involve tens of billions pouring into cities such as London and Paris, property consultant CBRE said.
While China's housing market problems are similar in scale to those faced during the U.S. subprime mortgage bubble and its banks are rife with bad loans, it won't lead to another Lehman-style crash, Mark Mobius told CNBC.
As the rout in the Australian dollar continues, economists say that further pressure on the currency is good news for the economy, which has been held back by its strength.
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Alvin Liew, Senior Economist at UOB, discusses his expectations for the euro zone inflation data due late Friday and how that will affect the European Central Bank's easing timeline.
Mohshin Aziz, Aviation Analyst at Maybank Investment Bank, hopes that Malaysia Airlines can provide details on its staff and capacity reduction at the announcement of restructuring plans late Friday.
Scott Phillips, Advisor at The Motley Fool Australia, says Virgin Australia's anaemic growth in full-year revenue is expected amid a tough aviation industry.