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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.
This year's sharp fall in the yen may have been driven by aggressive monetary stimulus in Japan, but whether that trend continues is largely dependent on the U.S. monetary policy outlook, analysts say.
As the Aussie dollar continued its slide to a fresh 3-year low against the greenback, analysts said there are other currencies that might make a better bet against the battered Aussie.
Toyota raised its operating profit forecast for the financial year ending in March 2014 by 7.8 percent as the weakening yen makes its export business more profitable.
Goldman Sachs recommends gaining exposure to China'e export sector since it is set to benefit from a turnaround in the global economy, in particular a revival in the U.S. economy.
Australia boasted the largest ever rise in visitor arrivals in June as fans of the British and Irish Lions invaded the country to watch a one-in-12 year rugby test series.
China's first lady Peng Liyuan has landed on the coveted Vanity Fair international best-dressed list ahead of her U.S. counterpart Michelle Obama.
In a few remote corners of China, two of France's top winemakers have more on their minds than a trade row with their most promising export market.
Singapore sovereign wealth fund GIC said it believes the western banking industry is healing and it has the capacity to invest more in the financial sector.
Toyota Motor's slower-than-expected growth in Southeast Asia is becoming a headache as the world's best-selling carmaker closes on its six-year-old profit record.
With a burgeoning middle class and fast-rising smartphone sales, southeast Asia has become the front line in a battle for mobile phone users, threatening the western heavyweights.
As Dennis Rodman was scheduled to return to North Korea, the NBA star's trip sheds light on the totalitarian state, where—surprise!—pockets of capitalism have emerged.
Chinese travelers frustrated by chronic delays seem to be on the verge of rebellion: attacking flight attendants, ignoring security protocols and engaging in screaming matches with airline staff.
Japan remains committed to transforming its economy, which has suffered from years of deflation and weak growth, Toshimutsu Motegi, the country's minister of the economy, trade and industry told CNBC.
Businesses confidence in Singapore rose in the first half of the year on the back of improving access to capital and a brighter economic outlook, a survey published by the Association of Chartered Certified Accountants (ACCA) on Thursday showed.
The battered Aussie hit a three-year low of $0.90 on Thursday, and there seems no end to its vicious slump, with some analysts pointing to a 20 percent decline in the coming years.
Chinese and Korean investors are snapping up commercial real estate in major European countries, helping drive investment in the region, according to Jones Lang LaSalle.
A decision by Southeast Asia's biggest bank to quit a year-long pursuit of Indonesia's Bank Danamon could deter other foreign banks from the banking sector.
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Craig James, chief economist at Comm Sec, says strong growth in Australia's housing sector may be able to offset weakness in the mining industry.
While the outlook for Wall Street remains optimistic, more U.S. investors are playing a "central bank trade" by moving into markets like Japan, says Tim Edwards, director of Index Investment Strategy at S&P Dow Jones Indices.
Nitin Jain, CEO, Retail Capital Markets, Edelweiss, says the fact that the interest rate cut came so soon after the announcement of India's budget caught stock markets by surprise.