World stocks lackluster as China growth slows
World markets were lackluster Monday after a report showed China’s economic growth slowing and poor earnings from Germany’s largest bank.
Dollar Breaks ¥110 for First Time in 6 Years
The dollar broke the ¥110 barrier for the first time in more than six years on Oct 1st, following a string of generally upbeat US data and expectations of more Bank of Japan monetary easing.
China 2013 trade passes US$4 trillion
China's annual trade in goods passed the $4 trillion mark for the first time in 2013, official data showed on Friday, confirming its position as the world's biggest trading nation.
Investment profile: Laos
APAC Outlook takes a deep dive into the business and investment potential of Laos, the smallest ASEAN country.
Chinese property developers owe 3.8 trillion yen in taxes
Chinese property developers owe 3.8 trillion yen in unpaid taxes according to a report by state broadcaster China Central Television (CCTV).
India’s central bank raises repo rate
India’s new central bank governor has raised the benchmark repo rate, at which it lends to commercial banks, for a second consecutive month by a quarter of one percent to 7.75 percent.
World Bank cuts India growth forecast
In the wake of the IMF’s decision to cut its growth forecast for India, the World Bank has slashed the country’s growth forecast for the current financial year to 4.7 percent from an earlier projection of 6.1 percent.
Asia shares fall as U.S. shutdown continues
Asian stocks fell on Monday as the U.S. shutdown continued. Tokyo lost 1.22 percent, or 170.99 points, to end at 13,853.32, Sydney fell 0.90 percent, or 46.9 points, to 5,161.1 and Seoul shed 0.13 percent, or 2.56 points, to 1,994.42.
U.S. firm Kohlberg Kravis Roberts to buy stake in Chinese appliance firm
U.S. investment firm Kohlberg Kravis Roberts (KKR) has agreed to buy a 10 percent share in China’s biggest appliance maker Qingdao Haier.
Japan’s economy “recovering moderately” says BoJ
The Bank of Japan has said the world’s third-largest economy is “recovering moderately” and its board has voted unanimously to hold off on expanding its huge stimulus programme.
