China’s first corporate debt default in at least 17 years has sparked fear that China’s ‘Lehman’s moment’ is fast approaching.» Read More
Okayama Metal & Machinery has become the first Japanese pension fund to make public purchases of gold, in a sign of dwindling faith in paper currencies. The Financial Times reports.
The trading losses suffered by JPMorgan Chase have surged in recent days, surpassing the bank’s initial $2 billion estimate by at least $1 billion, according to people with knowledge of the losses. The NYT reports.
Despite criticism for pulling its Facebook ads, GM is not changing its stance. The world's largest automaker believes that it is better served not running direct ads on the world's largest social network.
China stocks are due for a technical rebound after sliding for four days but global uncertainties and slowdown worries may keep gains limited.
The United States’ economy could shrink as much as 4 percentage points in the first half of 2013 if Congress fails to address the expiration of $600 billion worth of tax breaks and jobless benefits by the end of this year, according to Goldman Sachs.
China stocks are likely to trade sideways after a three-day losing streak.
While India's economic growth has hit a rough spot, Indonesia has won favor with investors, prompting calls for it to be included among the lineup of top global emerging markets.
China stocks may open higher on Monday, after the People's Bank of China announced Saturday a 50-basis point cut in the banks' reserve requirement ratio (RRR).
Soon after lawmakers finished work on new financial regulations, JPMorgan lobbyists descended on Washington. Their goal was to obtain special breaks that would allow banks to make big bets in their portfolios. The New York Times reports.
A week and a half after dismissing concerns about the risky trades being made by a unit at the bank, top executives in a conference room on the 48th floor of the bank’s Park Avenue headquarters realized they had a problem. The New York Times reports.
Tai Hui, Head of Regional Research, Asia, Standard Chartered Bank, Singapore says that with proper fiscal reforms, an upgrade of Phillipine debt to investment grade is possible.
In America something remarkable is under way: investors are gobbling up government debt at unfavorable rates without needing to be “repressed” at all, says Gillian Tett of the Financial Times.
In a world of large numbers, try wrapping your head around these digits: This year, the world is expected to set a new record with the sale of 80 million cars and trucks. Let me put that into perspective.
China stocks may rebound on Friday, as hopes build that weaker-than-expected data will prompt more pro-growth measures from Beijing.
The Reserve Bank of India’s intervention in the currency market on Thursday is being viewed by some market watchers as a desperate move to prop up the currency in the absence of government policies to boost sentiment among foreign investors.
Former Philippine first lady, Imelda Marcos, was famous for her 2700 pairs of shoes. These days, such symbols of extravagance are rare in Manila. Frugality is now in vogue and the shift in thinking is originating from the top.
Wall Street is starting to sound a little spooked.
Prakriti Sofat, Regional Economist, Barclays says that the Philippines needs more fiscal space in order to boost investment sentiment.
Kenneth Gaw, President and Managing Principal, Gaw Capital Partners says that Asia is no longer leading the world in terms of confidence.
Rajiv Biswas, Senior Director and Asia-Pacific Chief Economist of IHS Global Insight, says a political resolution, rather than an interest rate cut by the Bank of Thailand, would be the real solution to Thailand's economic woes.
With a global recovery on the way, Daphne Roth, Asia Equity Strategist at ABN AMRO Private Banking, says Japan, a late cyclical player, will be able to leverage it, while a weaker yen will provide a further boost.
Analysts continue to question whether bitcoin will be recognized as a currency or remain a payment mechanism. CNBC's Julia Wood reports.