China will continue leading a prudent monetary policy with focus on targeted easing measures, Premier Li Keqiang said, according to a central government website.» Read More
Population: 48.9 million Currency: Won (KRW) Natural resources: coal, tungsten, graphite, molybdenum, lead, hydropower potential Industries: Electronics, telecommunications, automobile production, chemicals, shipbuilding, steel
South Korea's economy has been dominated by dozens of financially complex, conglomerates that have been central to its rise on the global stage.
Asia's fourth-largest economy is far less vulnerable to shocks triggered during the Asian financial crisis in 1997.
The economy is dominated by companies that are now household names such as Samsung Electronics, LG Electronics, Hyundai Motors, and Kia Motors.
South Korea's economy and its stock market are dominated by dozens of financially complex, family-run, multinational conglomerates that have been central to the nation's rise on the global stage.
South Korea's resilient economy has earned it a rank among the so-called Asian tigers. But, its export-driven industries are volatile, even as it's grown to global prominence.
Recent cases may be just the start of a new period where consumers take automakers to court over mileage claims.
Market sentiment has reached what's described in Chinese media as "freezing point" on a combination of concerns about neverending initial public offerings, an upcoming over-the-counter market, and disappointing corporate scorecards.
As more people decide to fly, there are some airlines that have a distinctive edge over their rivals when it comes to providing the best service.
China is finding that it may not need to threaten or invade this diplomatically isolated island, which it considers a rogue province. It’s doing just fine buying influence from the inside out, the Global Post reports.
News that Sun Hung Kai’s billionaire co-chairmen have been charged for bribery has cast a pall over the stock and prompted a downgrade from Barclays on Monday, as investors continue to weigh the extent of the fallout from the scandal on Asia's largest developer.
The United States should not extend Bush-era tax cuts for the wealthiest Americans even as the so-called ‘fiscal cliff’ looms because it will perpetuate income inequality, says Larry Summers, former U.S. Treasury Secretary. Instead, these revenues should go towards strengthening public education and ensuring that low-income students are presented with equal opportunities as their wealthy counterparts so that they can participate in the economy.
Las Vegas casino mogul Sheldon Adelson was in a buoyant mood on a visit to his new project in Macau three months ago. The 5,800-room Sands Cotai Central, scheduled for completion next year, had already cost $4.4billion by then – “but who’s counting?” he said. The FT reports.
China will cut taxes on the profits that foreign companies take out of the country by up to 50 percent after rules on withholding taxes were relaxed to encourage more overseas investment. The FT reports.
Attention turns to earnings after last week's June data showed the Chinese economy slowed in line with expectations.
In high-stakes deals on the Street, the side with the leverage usually demands "show me the money first, then we'll talk." But in the rarefied and much higher-stakes world of desperate sovereign borrowers and multilateral lenders of last resort like the International Monetary Fund, it's the other way around -- "show me the goods first, then you get the money." In the case of Greece, Christine Lagarde says "implementation must happen, more than lip-service."
The pre-requisites for Peru to establish a $10 billion sovereign wealth fund are in place but the mineral rich country wants to see stabilization in global commodity markets before it can finalize its plans, Luis Miguel Castilla, Peru's Finance Minister told CNBC on Friday.
Dentsu dropped 6.3 percent to 2,162 yen as investors judged its purchase of British marketing group Aegis for 3.2 billion pounds ($5 billion) as overpriced.
Vasu Menon, Vice-President, Wealth Management Singapore at OCBC says that China bank lending is picking up and that that will spur growth.
Frederic Neumann, Managing Director & Co-Head of Asian Economics Research at HSBC says that China needs to support investment as the country's GDP growth continues to decelerate.
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James McCormack, Global Head of Sovereign and Supranational Ratings at Fitch Ratings, says markets are still expecting the Fed to hike rates in the second or third quarter next year.
In this web-exclusive video for "Managing Asia", Richard Eu, CEO of Eu Yan Seng International, recommends some traditional Chinese herbs that fellow CEOs can take to stay healthy.
Adi Godrej, Chairman at Godrej Group, says business sentiment in India has seen a "dramatic improvement" after pro-business leader Narendra Modi was elected Prime Minister.