Despite fears Kaisa's bond default may herald of a wave of more to come from China, the developer's troubles may be more of a one-off soap opera.» Read More
The stampede out of Japanese stocks resumed on Thursday, with the benchmark Nikkei 225 tumbling more than 6 percent as investors reassessed their outlook for the market.
The yen strengthened to a 10-week high against the dollar on Thursday, as heightened concerns about Federal Reserve tapering brought the safe haven trade back into play.
Efforts to make the global financial system safer could be making Asia more vulnerable to credit shocks, leaving bond traders worried that a sharp sell-off could turn into a rout.
Australian employment beat expectations with a small rise in May while the jobless rate surprised by ticking down to 5.5 percent, a resilient result.
The rout in global financial markets that has spared few asset classes extended into Thursday, with Asian stocks plunging across the board.
As investors fret over the tapering off of U.S. monetary stimulus, a World Bank economist says such a move poses a particular risk to Asia.
The Bank of Korea held interest rates steady on Thursday, possibly matching the analysts' consensus view that the cut in May was the last one for the year.
Asia’s economic development and a growing consumer class means the temptation to return home for those Asian entrepreneurs with a Western education is strong, experts say.
Fitch Ratings returned India's sovereign outlook back to "stable" from "negative" a year after its initial downgrade, surprising markets with a validation of the government efforts.
North Korea blamed the South on Thursday for scuttling fresh dialogue that aimed to ease tensions between the rival Koreas.
Edward Snowden, the former National Security Agency employee, told a Hong Kong newspaper on Wednesday that he plans to stay and fight extradition. The New York Times reports.
India, Brazil and Indonesia have all intervened to boost their currencies. How much things have changed from a few months ago.
Easy come, easy go - hot money is fast exiting emerging market equities, confirming worries over the negative consequences of ultra-loose monetary policy in the United States.
The world's oldest person, 116-year-old Japanese man Jiroemon Kimura, died on Wednesday, Japanese media said.
Markets are disappointed with the Bank of Japan's inaction to calm a volatile bond market. Perhaps they shouldn't be, analysts say.
Sony CEO Kaz Hirai made it clear he sees the console as one of the tentpole units that will lead the company back to prosperity. Early indications are Sony plans to do that by changing the closed gate philosophy it has held for so long.
Despite recent volatility, Japanese companies stand out in one aspect making the Nikkei attractive.
South Korean women have to overcome many obstacles at work after marriage and child birth. Long hours and lack of childcare force many to leave the workforce. The FT reports.
For all the worries among investors and policymakers over the rupee's sudden plunge to record lows, the Indian economy may now be in better shape to handle a depreciation.
Sony unveiled its next generation console priced at $399 on Monday, undercutting its rival Xbox, which had been launched just a few hours earlier, by $100.
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