The PBOC announced on Saturday that it will widen the daily trading band for the yuan to 2 percent from the official midpoint effective March 17.» Read More
Growth in China's increasingly important services sector ticked up slightly in January, the fourth straight monthly rise, adding to evidence that the recovery in the world's second-largest economy is a modest one.
Currency hedging cost Japanese companies such as Honda Motor the chance to fully cash in on a weak yen last quarter, raising the risk that investor expectations could outrun earnings.
A sharp rise in the cost of onions – a vegetable of volatile price that is credited with toppling two Indian governments since 1980 – has sent jitters through the Congress-led coalition government of Manmohan Singh, the prime minister. FT reports.
China approved the sale of HSBC's remaining $7.4 billion stake in Ping An Insurance to a group controlled by Thailand's richest man, completing the biggest equity purchase in the country by a foreign investor.
Profit at India's top mobile network operator Bharti Airtel fell for the twelfth successive quarter, with higher costs dragging its results well below market expectations.
South Korea's threat to impose a broad tax on financial transactions is the first sign of deepening concern in Asia that speculation of competitive currency devaluations is prompting investors to head for the exit.
China's official purchasing managers' index (PMI) eased to 50.4 in January, the National Bureau of Statistics said on Friday, missing market expectations and underscoring that the economy is making only a mild recovery from its weakest year since 1999.
Some 11,156 homes were sold in the capital from the beginning of the year to January 28, a 570 percent increase compared to the same period in 2012, a property agency says. However, supply could become a problem. CaiXin Online reports.
India's finance minister is putting welfare, defense and road projects on the chopping block in a last-ditch attempt to hit a tough fiscal deficit target by March, risking short-term economic growth and angering cabinet colleagues.
Even after Canada-based Blackberry launched it's anticipated line-up of revamped smartphones and their surprise name change, investors were unimpressed as its stock slumped 12 percent.
Hong Kong residents are obsessed with property, and I'm no exception. But I never thought my dank, dark car park space in the building where I live would turn out to be my best investment ever. I bought it four years ago for $90,000. Recent deals indicate it's now worth $167,000, an 85 percent increase.
Gold and platinum have been locked in a tight race for the past month, with both trading currently around $1,680 an ounce, prompting the question – which precious metal will win the race to $2,000?
For the last four months, Chinese hackers have persistently attacked The New York Times, infiltrating its computer systems and getting passwords for its reporters and other employees. The New York Times reports.
Chinese shares are having their day in the sun, with the benchmark Shanghai stock index trading at an eight-month high on Thursday. The rally, however, may be close to running its course, some analysts say.
Thai billionaire Charoen Sirivadhanabhakdi has raised his stake in Fraser and Neave (F&N) to more than 50 percent, turning his offer to buy the rest of the Singapore property and drinks conglomerate unconditional.
Japan's December factory output rose at the fastest pace in a year and a half and firms expect further gains, raising hopes that stabilizing global demand and exports will help pull the economy from its slump.
Shortly after the central bank announced an addition to its regulatory tool kit, the Short-term Liquidity Operation (SLO), analysts started wondering if this meant small-scale quantitative easing. The Caixin Media reports.
Nintendo, the world's leading gaming company by machines sold, said it will post an operating loss for a second straight year as the sales of its Wii U, successor to the 100-million selling Wii, faltered.
All Nippon Airways, Asia's top airline by revenue, has cancelled close to 850 flights over a 4-week period and rescheduled more than 82,000 passengers due to the grounding of the Boeing 787 Dreamliner jet with undiagnosed battery problems.
China's Lenovo Group, on track to become the world's top maker of personal computers, reported a record quarterly profit, up by a third from a year earlier, as it gained more share in the PC market and made inroads in the smartphone business.
CNBC's Catherine Boyle and Roger Nightingale, Economist and Strategist at RDN Associates, discuss latest news from Barclays' plans to overhaul the structure of its investment bank.
Roger Nightingale, Economist and Strategist at RDN Associates, explains why he thinks China's gross domestic product (GDP) may come in well below 7 percent.
Radhika Rao, Economist at DBS, explains her 5 percent forecast for India's February wholesale price index (WPI) and what her estimate may mean for the Indian central bank if it is correct.