Use of the Chinese yuan in Germany and the U.K. has doubled over the last year, as London and Frankfurt fight to become trading hubs.» Read More
After months of calm in global markets, concerns about the future of the euro zone are back with a vengeance as fears grow that the turmoil in Cyprus could spread to other parts of the region.
South Korean carmaker Hyundai Motor hopes a touch of Hermes will make its priciest sedan as desirable as the French retailer's exclusive handbags and catapult its cachet into the same league as luxury rivals.
Australia is scrapping the panel that sets interbank lending rates after the proposal of new international guidelines and an exodus of the banks that set the rate in the wake of the Libor rate-rigging scandal.e.
Indonesia is seeking investors for $9 billion worth of water, road, air and seaport projects in what will be a litmus test of Southeast Asian countries' ability to seize on ripe financial conditions to upgrade decrepit infrastructure.
The Chinese are no exception when it comes to Apple users' loyalty, and they're coming to the iPhone maker's defense following a widespread state media campaign accusing Apple of greed and arrogance. The Global Post reports.
Singapore may be known for its rules and regulations, but the city-state is looking to transform itself into a rock and roll hub. CNBC's Deirdre-Wang Morris investigates.
Thailand is set to sell half-a-million tons of rice on world markets at a loss, as it scrambles to offload a record stockpile deteriorating in quality in warehouses filled with grain.
In response to global outcry, the queen of bridal couture, Vera Wang, is abolishing the near $500 fee for Chinese brides-to-be to try on garments at her Shanghai bridal boutique.
Cyprus reopens its banks on Thursday with capital controls in place and guards at branches to help avert bank runs.
Leaders of the five BRICS nations plan to create a development bank in a direct challenge to the World Bank that they accuse of Western bias. The bank would use $50 billion of seed capital shared equally but dominated by China.
Fitch Ratings raised the Philippines' credit rating to investment grade on Wednesday, a first for the Southeast Asian nation, in a move expected to boost investment and lift the country's long-term growth potential.
Analysts say the sector remains robust even as China's biggest banks reported their worst annual earnings growth since going public.
The bumper run in Japanese equities is just getting started, according to investment strategists, who expect larger gains ahead.
After talking their currency down 20 percent over the past four months, Japanese policymakers have suddenly gone silent as the yen halts its dramatic fall. Why?
The Bank of Japan is likely to start open-ended asset purchases immediately rather than in 2014 and consider setting a new target to buy longer-dated bonds at its rate review next week, sources say.
The steady rise of the Australian ASX 200 index has slowed and is developing the potential to turn into a downtrend.
The outlook for the wealthy island nation of Singapore is turning increasingly grim with a recent mix of downbeat economic indicators pointing to a contraction for the economy in the current quarter.
North Korea repeated threats on Tuesday to target U.S. military bases as Washington and its allies tightened economic sanctions against the isolated country by targeting Pyongyang's main foreign exchange bank.
Economic growth in China faces mounting headwinds and could fade dramatically in the years ahead due to declining productivity and an aging population.
The chairman of CITIC Securities is busy remodeling China's biggest brokerage after Goldman by expanding into asset management, trading complex derivatives instruments and nurturing overseas deals.
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Adarsh Sinha, Head of Asia Pacific G10 FX Strategy at BoA Merrill Lynch, says markets are already priced in for low inflation data from the euro zone.
Don Voelte, CEO at Seven Group Holdings, explains how the firm is positioning itself amidst challenging trading conditions in the mining and industrial services sector.
Steve Brice, Chief Investment Strategist at Standard Chartered Wealth Management Group, says the high level of cash holdings by fund managers will underpin gains in global equities.