Rajeshni Naidu-Ghelani is an Assistant Producer for CNBC.com. She joined the website in 2011 and her role involves creating slideshows for the Asia-Pacific region, as well as writing investment and feature stories. Prior to joining CNBC, Rajeshni worked as Web Journalist for Canadian news channel CP24 in Toronto, and as an Associate Producer for Ninemsn.com in Sydney, Australia. Rajeshni holds a BA in English from the University of Toronto and MA in Media Practice from the University of Sydney.
The spread between the emerging markets MSCI and the S&P 500 indexes has widened to levels not seen since the Russian default crisis of 1998, which could mean "big trades" are coming for markets, says strategist.
Manufacturing activity in emerging markets fell to a post-financial crisis low in July as output contracted in its four largest economies for the first time since March 2009, says HSBC.
China has halted the import of all milk powder from New Zealand and Australia, after Fonterra, the world's biggest dairy exporter, said it had found bacteria in some products that could cause botulism, a potentially fatal disease.
The second quarter is shaping up to be a high point for corporate Japan in recent memory, with the majority of companies beating consensus estimates in their earnings reports.
China's first lady Peng Liyuan has landed on the coveted Vanity Fair international best-dressed list ahead of her U.S. counterpart Michelle Obama.