China reported second quarter growth data Monday that topped expectations. The country said its second-quarter GDP growth was 6.9 percent against the prior year, and that comes as investors watch the world’s second-largest economy for any signs of slowdown amid concerns over high debt levels. Economists polled by Reuters on average had expected 6.8 percent […]

Singapore’s annual non-oil domestic exports (NODX) grew for the first time in two months in June, thanks to an extended uptick in electronics sales on the back of improving global demand. Exports rose a higher-than-expected at 8.2 percent in June from a year earlier, data from trade agency International Enterprise Singapore (IE Singapore) showed on […]

China’s central bank will take on a bigger role in macro-prudential management and in averting systemic risk in the financial system, President Xi Jinping said at a once-in-five-years government work conference that ended on Saturday. Financial security is a vital part of national security, Xi said at the fifth National Financial Work Conference, adding that […]

Speculation is rife that China could create a “super regulator” at a major policy meeting this weekend as part of its efforts to curb risk in its financial system. The gathering, called the National Financial Work Conference, occurs every five years and started in 1997 in the wake of the Asian financial crisis. The closed-door […]

Singapore’s Global Logistic Properties (GLP) agreed to be acquired by a Chinese private equity consortium backed by senior GLP executives for about S$16 billion ($11.6 billion), choosing it over a rival bid in Asia’s largest private equity buyout. The seven-month auction for Asia’s biggest warehouse operator was marred by complaints from some potential bidders about […]

Manila appears to be testing its relationship with Beijing as Philippine President Rodrigo Duterte considers resuming energy exploration in the tension-laden South China Sea. Oil and gas drilling in the Reed Bank, located in the international waterway, has been suspended since 2014. That came after Manila launched an international arbitration case against Beijing over the […]

Iran has piqued financial interest throughout the world for its massive energy reserves, but the country actually has a host of other opportunities in less obvious areas, according to one global investor. For Clemente Cappello, CIO of London-based Sturgeon Capital, Iran holds promise in part for its cheap labor, abundance of natural resources, and well-educated […]

Infosys, India‘s second-biggest software services exporter, reported a 1.4 percent increase in first-quarter profit on Friday, slightly beating street estimates, helped by key client wins. Bengaluru-headquartered Infosys posted a consolidated net profit of 34.83 billion rupees ($540 million) for the three months ending June 30, compared to 34.36 billion rupees in the same quarter last […]

As the 11 remaining Trans-Pacific Partnership countries continue talks without Washington this week, certain member states now need convincing to stay on board with the massive trade deal. No longer the world’s largest trade pact after President Donald Trump’s decision to withdraw the U.S. earlier this year, the TPP remains alive — for now. Its […]

Singapore’s trade-reliant economy grew in the second quarter from the quarter before, dodging a recession, thanks to solid gains in the manufacturing sector. The economy expanded 0.4 percent in the April-June period from the previous three months on an annualized and seasonally adjusted basis, the Ministry of Trade and Industry said on Friday in a […]