Friday, October 12, 2012
Asian economies will likely register another year of weak growth in 2013, despite pockets of mild recovery expected in some countries as central banks continue to keep policy accommodative, a Reuters poll showed.
Wednesday, October 10, 2012
Japan and South Korea will not renew a US$57 billion currency swap facility designed to protect their economies against financial crisis, a decision they said was not related to a territorial dispute that has cast a chill over ties between the neighbors.
Tuesday, October 9, 2012
The World Bank on Monday slashed its 2012 growth forecast for developing countries in East Asia and the Pacific to 7.2 percent, dragged down by China's worst economic performance in 13 years.
Monday, October 8, 2012
First the IMF warned developing Asia to brace for shocks from the West. Then the Asian Development Bank slashed its regional growth forecasts. Now analysts are asking, has Asia lost its mojo?
Thursday, October 4, 2012
The shaky global economy needs Japan and China to be fully engaged, the head of the IMF said, warning the world could not afford to have the two countries distracted by their bitter territorial dispute.
Wednesday, September 26, 2012
Asia's economies will continue to outperform amid the global economic weakness as it will be sustained by its resilient domestic demand, according to CIMB Investment Bank Bhd.
The number of super-rich in Asia is set to reach 2.67 million people by 2015 with a net worth of an estimated US$16.7 trillion, Swiss private bank Julius Baer said Tuesday.
Monday, September 17, 2012
Asia must fight complacency and transform its economic and social models if it is to keep driving global growth in years to come as Europe and the United States slow, experts say.
The Association of Southeast Asian Nations has implemented about three quarters of the blueprint for the establishment of the ASEAN Economic Community (AEC), with a little over two years left until the self-imposed deadline by the end of 2015.
Monday, September 10, 2012
Asia-Pacific nations and partners, including China, the United States and Japan, promised measures to boost growth on Sunday and rejected limits on food exports to try to revive the flagging global economy.