The South Korean coast guard said on Wednesday more than 300 people were unaccounted for missing from a ferry sinking off the southwest coast.» Read More
The long-awaited rate cut comes as a relief for the nation's consumers, who have been hoping for cheaper financing in their next property or car purchase.
As confidence returns to global markets, investors appear to be using the cheap yen once again to fund investments in risky assets – a trade that is likely to give the battered Japanese currency another boot lower in the months ahead, analysts said.
A long-delayed $50.5 billion aid package for victims of Superstorm Sandy cleared the Senate on Monday, three months after the storm destroyed or damaged hundreds of thousands of homes and businesses in coastal New York, New Jersey and Connecticut.
One-third of China's workforce is made of migrants, many of whom have effectively become second-class citizens in their own country. The GlobalPost reports.
A Dubai-based for-profit education company GEMS Education is planning a major global expansion as it seeks to secure a larger share of what it believes is a $3 trillion global market, but those expansion plans have also raised questions about the role of for-profit companies.
CNBC's Kelly Evans reports European shares were flat on Monday, bringing a temporary halt to the rally being seen across global stock markets.
Iran hostage drama "Argo" won the top prize at the Screen Actors Guild Awards on Sunday, while Daniel Day-Lewis and Jennifer Lawrence took acting honors, as Hollywood celebrated its own and helped sharpen the race for Oscar glory in February.
Monte dei Paschi di Siena said on Sunday it was seeking a financial investor as the political storm over a derivatives scandal at the ailing bank intensified ahead of next month's Italian election.
Growing optimism about the economic outlook and a string of upbeat earnings has put global equity markets on a strong footing at the start of the year.But hold on, say strategists, pointing to a risk that investors are underestimating: a U.S. budget sequester.
The biggest global alcohol companies are sizing up buyout and tie-up opportunities in China, India, South Korea and Vietnam, keen to profit from a $258 billion Asian market that is growing twice as fast as the rest of the world.
Profits earned by China's industrial companies rose 17.3 percent in December from a year earlier to 895.2 billion yuan ($143.91 billion), official data showed on Sunday, as a fourth-quarter recovery helped offset poorer corporate results in the third.
Singapore's long-dominant People's Action Party (PAP) lost heavily in a single-seat by-election on Saturday, a barometer of how the government is dealing with discontent in the wealthy Asian country over immigration and the high cost of living.
Police fired tear gas at dozens of stone-throwing protesters in Cairo on Sunday in a fourth day of street clashes that have killed at least 41 people and compounded the political challenges facing President Mohamed Mursi.
China's economy could grow at more than 8 percent in 2013, giving some underpinning to global economic activity that is set for a mild, tortuous recovery this year, the head of China's sovereign wealth fund said on Saturday.
The first movie about Apple's legendary co-founder got its world premiere on Friday, just 15 months after Steve Jobs' death.
The official news agency of the Chinese government has published an editorial urging Chinese government officials to avoid sex scandals and be "superheroes" when it comes to fighting corruption.
The Bank of Japan's decision to adopt a more aggressive monetary policy has not gone down well with South Korea, whose currency has strengthened rapidly as a consequence. Its central bank head tells CNBC that countries trying to weaken their currencies will not succeed in the long run.
Japan brushed aside criticism that aggressive easing by the Bank of Japan could trigger competitive currency devaluations, saying the central bank is trying to end nearly 20 years of deflation, not manipulate the yen.
The slowdown in the global economy last year, prompted warnings over the death of the commodities super-cycle, but the flood of government stimulus unveiled in the recent months will prolong the bull run, says one expert.
Richard Martin, Managing Director at IMA Asia, explains that the key to the better balanced Asia depends on the export figures of North Asia and the cooling down of South East Asia market.
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Bill Maldonado, CIO, Asia Pacific at HSBC Asset Management, discusses expectations for China's first-quarter gross domestic product (GDP).
John Sculley, former Apple CEO and Managing Partner at Inflexionpoint, expects Alibaba to push on with its buying spree after listing in the U.S.
Jeremy Stretch, Head of FX Strategy at CIBC, says mixed economic data from China could weigh on the Australian dollar.