Katie Holliday is a Writer with CNBC.com, covering a range of topics including global macro-economic news, market developments and corporate news. Before joining CNBC, Katie was a senior asset management correspondent at Investment Week in London. Katie holds a Bachelor's degree in English Literature from Southampton University.
Singapore has overtaken London as the largest clearing center for China's domestic currency outside of China and Hong Kong, according to SWIFT.
U.K. gym chain Fitness First is further muscling into Asia with plans to open 50 new clubs over the next five years, the firm announced Monday.
China's economy overtook Japan's in 2010, but analysts told CNBC China still lags Japan in terms of the quality of its growth.
Ahead of Obama's visit to Japan this week, U.S. Senator Roger Wicker told CNBC he wasn't optimistic that any progress would be made on the TPP.