Having agreed to adopt inflation targeting as a guide for monetary policy, India's government and the RBI remain at odds over how decisions are made.» Read More
Manufacturing activity in emerging markets fell to a post-financial crisis low in July as output contracted in its four largest economies for the first time since March 2009, says HSBC.
Highly radioactive water seeping into the ocean from Japan's crippled Fukushima nuclear plant is creating an "emergency," the country's nuclear watchdog said on Monday.
Japan's upcoming consumption tax hike will hurt growth, but it's a necessary sacrifice, said Jerry Schiff, mission chief for Japan at the International Monetary Fund.
The recent crash in gold prices has triggered concerns over the future of the bullion market, but mining executives in Australia insist that the industry is not in "dire straits."
The Reserve Bank of Australia (RBA) holds its August policy meeting on Tuesday and is considered almost certain to cut rates a quarter point to 2.5 percent.
HSBC, one of the world's largest banks, suffered a hit to its share price on Monday morning after posting disappointing results.
The risk that the Federal Reserve starts winding down its asset purchases sooner rather than later could spark another emerging market sell-off, analysts told CNBC, with some countries better placed to deal with higher real U.S. interest rates than others.
High-profile actions against Western companies in China in recent months suggest the world's second-biggest economy is starting a new era of toughness on corruption.
China has halted the import of all milk powder from New Zealand and Australia, after Fonterra, the world's biggest dairy exporter, said it had found bacteria in some products that could cause botulism, a potentially fatal disease.
Australia's mining industry has been under increasing pressure over the past year, as slowing growth in China has led to waning demand and a slump in prices of key commodities.
As investors prepare for a deluge of data out of China this week, analysts told CNBC better-than-expected numbers could underscore the positive mood.
Beijing may relax the one-child policy by end-2013, said experts, following recent local media reports that the government is mulling changes to its law.
Oil markets are betting that key China indicators due this week will likely confirm a slowdown, despite official data last week showing surprise growth in factory activity.
The second quarter is shaping up to be a high point for corporate Japan in recent memory, with the majority of companies beating consensus estimates in their earnings reports.
A raft of data from China is likely to put the world's second-largest economy back in focus for Asian markets this week, with central bank meetings in Australia, Japan and South Korea also on the calendar.
China has halted imports of all milk powder from New Zealand and Australia,after bacteria that can cause botulism found in some dairy products raised food safety concerns.
China's Singles' Day had online sales of $4 billion last year, driven by the growing middle class. But the real power is Internet giant Alibaba, which co-opted the holiday to cause consumers hysteria.
Australian Prime Minister Kevin Rudd called a Sept. 7 general election on Sunday, barely six weeks after he toppled former leader Julia Gillard in a party-room vote, ending a turbulent three years in power for the minority Labor government.
New Zealand's Fonterra said it had found that an ingredient in its dairy products that contained a strain of a bacteria which can cause botulism, prompting China to recall affected products.
Growth in China's non-manufacturing sector improved in July as Beijing's recent support measures for small firms helped improve sentiment, though companies noted that inflation is picking up and pushing up costs.
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