Despite concerns over a slowdown, China's businessmen could top travel spending by 2016, overtaking their U.S. counterparts.» Read More
The safe-haven yen tumbled to a 20-month low on Monday after a sweeping victory for Japan's opposition Liberal Democratic Party (LDP), and strategists expect the currency to continue its slide.
KKR has finished raising its second pan- Asia fund, reaching $6 billion, according to sources, the largest private equity pool ever raised for the region.
Australian surfwear company Billabong International put its shares in a trading halt on Monday ahead of a possible takeover bid for the company, the latest development in a tumultuous year in which three previous takeover offers failed.
The Americans are coming. And the Japanese and Europeans. Australia is being invaded by a swathe of foreign retailers, piling pressure on a local industry already battered by weak consumer spending and ruthless internet competition.
Apple said it sold more than 2 million of its new iPhone 5 in China during the three days after its launch.
American International Group may raise up to $6.5 billion through the sale of its remaining stake in Asian insurer AIA, a source said on Monday.
While only time will tell whether Japan's incoming Prime Minister Shinzo Abe wins the war against deflation, one thing is clear. The central bank will be pushed to be far more aggressive than it has ever been.
International Enterprise Singapore (IE Singapore), the country's trade agency, released disappointing November trade data on Monday.
Australia's no.3 iron ore miner, Fortescue Metals Group, is in talks to sell a minority stake in its multi-billion dollar port and rail assets as it looks to cut debt and build new mines in a world of weaker iron ore prices.
Japan's hawkish ex-premier Shinzo Abe will get a second chance to run the country after his conservative Liberal Democratic Party (LDP) surged to power in Sunday's election, but must swiftly move to bolster the sagging economy while managing strained ties with China.
If Japan's opposition the Liberal Democratic Party headed by Shinzo Abe wins the December 16 polls, it is widely expected that an era of aggressive monetary easing will be unleashed in the country, but one expert says this will do little to prop up growth in the world's third largest economy.
China will maintain a "prudent" monetary policy and a pro-active fiscal policy in 2013, leaving room for manoeuvre in the face of global uncertainties, the official Xinhua news agency said after the country's annual policy-setting conference on Sunday.
President Ma Ying-jeou says Taiwan is now on the road to recovery, helped by a broadening of the country's trade and investment partnerships.
Wynn Resorts Chairman and Chief Executive Officer Steve Wynn said his company will call a special shareholder meeting to vote on removing dissident former shareholder, and Japanese billionaire, Kazuo Okada from the casino company's board of directors.
Flight attendants at Hong Kong airline Cathay Pacific Airways are threatening to withhold food, alcohol and even smiles from passengers during the Christmas holidays over a pay dispute, a union official said Thursday.
Apple launched its iPhone 5 in China, even as its ranking in the world's largest smartphone market has slipped in the face of competition from cheaper rivals.
China's beaten-down equity market will end 2012 in negative territory for the fourth year in a row, as fears of a hard landing coupled with global headwinds, saw investors turn their backs on Chinese stocks.
China has launched a crackdown on a cult it says is calling for a "decisive battle" to slay the "Red Dragon" Communist Party, and which has been spreading doomsday rumors, state media said on Friday.
India's wholesale price index rose a slower-than-expected 7.24 percent in November from a year earlier, government data showed on Friday.
Faced with the risk of a hard landing earlier this year, China's economy is now in the midst of a robust rebound, prompting economists to make bullish forecasts for growth in the new year.
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Barry Dawes, Head of Resources at Paradigm Securities, says geopolitics are unlikely to affect oil since prices are being supported by firm underlying demand.
Mikihiko Yamato, Deputy Head of Research at Ji Asia, says monthly comparisons show that June's retail sales are on an uptrend, indicating that consumption is improving
Greg Gibbs, Senior Currency Strategist at RBS, says upcoming U.S. economic data must at least meet expectations in order for the greenback to remain firm.