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
Members of a new class of affluent Asian-Americans, many of whom have benefited from booms in finance and technology, are making their mark on philanthropy in the United States. The New York Times reports.
Morgan Stanley echoed Goldman Sachs’s buy call on Chinese stocks on Tuesday, citing China’s improved growth outlook compared to other regions.
India's Tata Motors rose as much as 3.7 percent to a record high on Wednesday after Credit Suisse and CLSA upgraded their ratings on the stock, citing expectations for improving sales.
Apple's Chief Executive Tim Cook is meeting with partners and government officials in China on his second visit in less than a year.
Brighter U.S economic prospects, a 'fiscal cliff' deal and the idea that the end is in sight for a period of ultra-easy monetary policy have sent government bond yields racing higher at the start of the year. And this is only the start, analysts say.
Japan's Panasonic may see its headcount fall further and may sell non-core money-making business units to raise cash, president Kazuhiro Tsuga told reporters at the CES consumer electronics show in Las Vegas on Tuesday.
Australian retail sales were surprisingly soft in November as spending fell on clothes and household goods, a sign lower interest rates had yet to breathe life into the long-struggling bricks and mortar shopping sector.
Three of the men accused of raping and murdering an Indian student have asked lawyers to defend them and the lawyers have agreed to do so, even though most of the judiciary has refused to represent the suspects because of outrage over the attack.
Forget that millions of North Korean children are starving — it's Kim Jong Un's birthday. Candy for everyone! The Global Post reports.
Australian fire crews battled hundreds of wildfires, a searing heatwave and powerful, hot outback winds on Tuesday, but were hopeful they had dodged a potentially catastrophic fire day without loss of life or major damage.
KFC parent Yum Brands said it had stopped using chicken from suppliers in China that are now under a government investigation before the review was even announced, and analysts said they expect the company to recover from the business hit in its biggest market.
HSBC's sale of its $9.4 billion stake in Ping An Insurance to Thailand's CP Group has been thrown into jeopardy after state-run China Development Bank (CDB) voiced concerns over funding for the deal, sources told Reuters.
One day after a Dreamliner caught on fire, Boeing found itself facing another 787 with problems. This at a time when the aviation company said it has traced the source of the fire to a lithium ion battery.
The Bank of Japan will consider easing monetary policy again this month as it eyes doubling its inflation target, sources said.
Shares of the world’s largest smartphone maker Samsung Electronics are expected to surge 50 percent in 2013, on the back of a stellar performance last year.
Private equity firm Carlyle Group sold its remaining stake in China's No.3 insurer CPIC in a deal valued at $793 million, exiting the business with its largest dollar profit on an investment.
The decision to fly the victim of a gang rape that outraged India for treatment in Singapore made little medical sense as the woman was so severely injured that her death was all but inevitable, doctors say.
Looking for a McDonald's in Australia this month? You may bump into a "Macca's" instead. The international fast food giant will temporarily change signs to "Macca's," the affectionate Australian nickname for the chain, in celebration of Australia Day.
Japan's new government has vowed to revive the economy and expectations for aggressive monetary easing are running high. This sets the scene for the yen, which has fallen sharply and quickly in recent weeks, to weaken to the 100-mark versus the dollar, possibly this year, some analysts say.
Australia's trade deficit in November widened to its largest since early 2008 as imports again outpaced exports, though a recent meteoric rise in the price of iron ore suggests the worst of the trade pain is over for the resource-rich nation.
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.