Economy

Risks to global economy

G-20 to discuss slowdowns in emerging nations

ANKARA -- Finance ministers and central bank chiefs from the Group of 20 major economies are expected to discuss potential risks to global economic growth, namely slowdowns in China and other emerging countries, at their two-day meeting starting here...

  • China's big day

    Parades and pageants do little to lift spirits

    BEIJING -- China commemorated 70 years since the defeat of "fascist Japan" with plenty of national pride but a curious lack of exuberance as the source of its strength -- its economy -- limped along behind the scenes. From a military parade past ...

  • Standing pat for now

    ECB says ready to act after lowering inflation, growth expectations

    FRANKFURT (Reuters) -- The European Central Bank cut its inflation and growth forecasts for the euro zone on Thursday and its president said things could get worse. The euro fell 1 percent on the moves and comments, hitting a two week low. Ma...

  • BOJ Watch

    Japan's currency printer may be running out of money

    TOKYO -- Japanese stocks have been wildly gyrating due to uncertainty over China's economy and as hedge funds have engaged in short-term trading. While the Bank of Japan is expected to buttress sagging stock prices by upping its purchases of exchange...

  • Japan banks lose 1.5B yen to online fraud in 1st half

    TOKYO (Kyodo) -- Banks in Japan reported losing 1,544 million yen ($12.8 million) in the first half of 2015 to online fraudsters who stole IDs and passwords, down some 300 million yen from a year earlier, the National Police Agency said Thursday. ...

  • Drag from China slowdown

    Australia's growth skids to 0.2%

    SYDNEY -- Australia's gross domestic product grew only 0.2% during the April-June quarter, down from 0.9% a quarter earlier, as China's slowdown sank exports. Annualized estimated growth reached only 2.0%, falling short of the 2.2% expected by ma...

  • Help from abroad

    Japan to invite more foreigners as sports instructors, housekeepers

    TOKYO -- Japan plans to broaden eligibility for resident status granted to foreigners, with the aim of bringing in more workers to fill the nation's worsening labor shortages. One focus area is tourism. The Japan Tourism Agency will work with the...

  • Thailand's economy

    $4bn stimulus package aims to plant the seeds of growth

    BANGKOK -- Business leaders and economists in Thailand have generally welcomed a 136 billion baht ($4 billion) stimulus plan approved by the cabinet Tuesday to breathe life into the country's impoverished economic base. "This is strong medicine,"...

  • International currency

    IMF chief Lagarde pledges help for yuan's transition

    JAKARTA -- The International Monetary Fund will help China transition the yuan into an international currency while Asia's largest economy continues to battle an economic slowdown, the organization's managing director, Christine Lagarde, said Wednesd...

  • Asian investment

    Chinese, Malaysians buying up Singapore properties

    SINGAPORE -- More Chinese and Malaysians are buying Singapore properties due to economic and political uncertainty at home, according to a recent report by DTZ, a real estate services company. Almost 60% of foreign purchases were made by mainland...

  • Grain trading

    China's polluted farmland threatens rice production

    BANGKOK -- Rising demand and constraints on production capacity caused by pollution and industrialization are likely to push up rice prices in China, with knock-on effects on the global market, expert observers and Southeast Asian rice traders are pr...

  • 'Not pessimistic'

    China market woes no threat to Asia's growth, says ADB chief Nakao

    TOKYO -- Asia's economies will continue to grow steadily in the future, Asian Development Bank President Takehiko Nakao said Wednesday, arguing they are strong enough to weather a slowdown in China. Speaking at a hotel in Kanagawa Prefecture, sou...

  • Dollar debts a worry

    Weak currencies sap Malaysian, Indonesian earnings

    JAKARTA/KUALA LUMPUR -- Indonesian and Malaysian companies are scrambling to protect their earnings against plunges in their local currencies, which are causing their U.S. dollar-denominated debt to balloon. Executives at Axiata Group, a Malaysia...

  • Martin Wolf

    FT: China risks an economic discontinuity

    Many believe the economy is already growing far more slowly than the government admits. David Daokui Lee, an influential Chinese economist, has argued that: "The stock market sell-off is not the problem ... the problem -- not a huge one, but a pr...

  • Seeking blue sky in Beijing

    Military parade casts shadow over China's economy

    BEIJING -- With the countdown to Thursday's military parade well underway, many factories in and around the capital have been shut down or seen their operations restricted, raising concerns that the political show may be weighing on the flagging econ...

  • Caribbean connection

    Japanese banks invest in methanol production in Trinidad and Tobago

    TOKYO -- The Japan Bank for International Cooperation (JBIC) and the Bank of Tokyo-Mitsubishi UFJ will make loans totaling 690 million dollars (84 billion yen) to support a methanol production project in the Caribbean nation of Trinidad and Tobago. ...

  • India probe

    Watchdog sniffs Google

    MUMBAI -- After a three-year probe, Indian anti-trust investigators have accused U.S. Internet company Google of abusing its dominant position in the search results and advertising services it provides. The investigation arm of the Competition Co...

  • Indonesia economy

    Lagarde sees 'different place' to 20 years ago

    JAKARTA -- Christine Lagarde, the managing director of the International Monetary Fund (IMF), has said Indonesia is better placed to survive the economic slowdown in China and other global uncertainties than in previous challenging times. Lagarde...

  • Assessing the cost

    Myanmar faces grim economic outlook as floods decimate farms

    YANGON -- As floodwaters that inundated vast areas of Myanmar recede, the full economic impact of the disaster, as well as its effect on people's lives, is emerging. Farmland and crops worth an estimated $200 million have been destroyed. Rice exports...

  • Bangkok bombing

    Key suspect arrested, authorities say

    BANGKOK -- A man believed to be directly responsible for the deadly mid-August bombing in central Bangkok has been arrested, according to Thai authorities. The man was detained Tuesday in the eastern province of Sa Kaeo, as he attempted to cross ...