Ansuya Harjani joined CNBC's web and digital team in 2010, where she writes investment and feature articles with a focus on Asian economies. Prior to joining CNBC, she was a producer for the BBC's "Asia Business Report." Harjani holds a bachelor's degree in international relations from the University of Virginia.
Gold imports into the world's largest consumer of the precious metal surged 138 percent in April, widening the already ballooning current account and trade deficits. But, economists say this could be a one-off.
Standard Chartered's asset quality is deteriorating and investors are miscalculating risk in the loan book of the British lender, according to Carson Block, founder of U.S.-based short seller Muddy Waters.
Chatter over whether Japan's stocks are due for correction gained momentum after data showed foreign investors, who have been huge buyers of Japanese equities recently, became net sellers.