The Philippines' already vulnerable coconut trees took a hit from the past year's typhoons even as demand for trendy coconut-based products is rising.» Read More
CNBC's Kelly Evans reports on all the market moving events from Europe, including a preview of the likely agenda at an EU summit set to take place in Brussels.
Richard Li has won the race to buy the Hong Kong and Thailand operations of ING’s insurance business for more than $2 billion, according to people close to the process, leaving the Dutch group with just its Korean and Japanese operations to sell in Asia. The FT reports.
From weddings to funerals and iPhones to cars, emerging middle-class consumers in Makassar and Indonesia’s other booming second-tier cities are increasing their spending, and investors are stepping up their efforts to exploit these fast-growing and relatively untapped markets. The FT reports.
India’s growing middle class and the rich have plenty of places to escape the chaos and crowding of India’s most important business center. But a vast majority of Mumbai residents have access to only tiny scraps of green or a handful of large open spaces, most of them in the historic downtown area, that are swarming with crowds. The New York Times reports.
Harsh words from Republican candidate Mitt Romney about branding China a currency manipulator if he’s elected president next month is politics, but the rhetoric may well encourage Beijing to keep nudging its currency higher in the weeks ahead to avoid being at the center of the U.S. election debate, analysts say.
Jay Richards, Investment Manager at GTL Capital Management says that base metals prices will fall as China's infrastructure spending slows.
A new study says there are 2,725 women in China worth $30 million or more. They are a huge market for luxury marketers — provided the luxury companies predict their desires accurately.
While bonds have been the asset class of choice this year, equities are quickly gaining favor among global asset managers as central banks pump liquidity into the financial system and investors grow less fearful of the euro zone debt crisis.
Martin Ferguson, Minister for Resources and Energy, Government of Australia says that Canberra is committed to negotiations with India regarding Uranium sales.
China’s economic downturn represents the beginning of a "new normal" investors will have to adjust to, Dr. Wang Qing of the China International Corporation told CNBC on Tuesday.
A “consumer revolution” will take place as close to 3 billion people join the global middle class in the next four decades, with the balance of power shifting inexorably to countries now classed as emerging markets, according to HSBC economists Karen Ward and Frederic Neumann. They predict that the emerging world will account for close to two-thirds of total global consumption by 2050 – up from less than a third in 2012.
Recent economic data such as stronger-than-expected exports and benign inflation in September are the latest signs that China’s slowdown may be nearing an end, reducing pressure on the government to implement more stimulus measures to shore up the world’s second-biggest economy.
Kim Jong-un took the reins of his poor nation 10 month ago and some aid groups say its capital has acquired more of the trappings of a functioning society, but people from this border city claim otherwise, The New York Times reports.
China’s economic data is no longer the main driver for financial markets in the Asian region as global economic events take precedence over regional concerns, Chris Tinker, Equity Strategist at Libra Investment told CNBC.
China’s gross domestic product (GDP), data due out Thursday, is likely to disappoint investors accustomed to double-digit growth rates from the mainland, however, experts tell CNBC that it’s time to get off the growth “drug,” and adjust to the implications of economic re-balancing in the country.
Malaysia, which refused bailout from the International Monetary Fund (IMF) during the Asian financial crisis, says Greece should be given more time to implement reforms and clean up its finances, otherwise an overly-stringent austerity drive could push the country into a prolonged recession and make recovery even more unlikely.
Chanda Kochhar, CEO, ICICI Bank says that New Delhi's recent policy measures will see the return of Indian growth as it will resume investment and consumer demand.
The chapter isn't yet closed on this year's surge in food crop prices following the worst drought in the U.S. in over 50 years.
Financial titans are warning that the government’s inaction in the face of the approaching fiscal cliff poses real risks to an economy that's already saddled by halting growth and a burgeoning debt load.
A senior Chinese diplomat made a secret visit to Tokyo this week to hold talks aimed at defusing tensions between Japan and China over a group of disputed islands, Japan’s top government spokesman said Friday. The New York Times reports.
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Cynthia Meng, MD of Hong Kong China Technology, Media and Telecommunications Equity Research at Jefferies, says the new bank taps into the microfinancing market which is under-served currently.
Hayden Briscoe, Director of Asia Pacific Fixed Income at AllianceBernstein, explains why he believes the Bank of Japan to unleash further support measures .
Alec Gutierrez, Senior Market Analyst, Automotive Insights at Kelley Blue Book, discusses Nissan's robust results in the second quarter and outlines his earnings estimates for Honda.