China's AIIB to offer loans with fewer strings attached: Sources

Last Updated: Wednesday, September 2, 2015, 08:42

China's new international development bank will offer loans with fewer strings attached than the World Bank, sources said, as Beijing seeks to change the unwritten rules of global development finance.

Asian shares fall for 3rd day on global growth concerns

Last Updated: Wednesday, September 2, 2015, 08:25

The dollar firmed 0.5 percent to 120 yen, after skidding more than 1 percent overnight and moving away from last week`s high of 121.76 yen, while the euro slipped about 0.2 percent to $1.1299.

Asian shares slip as downbeat China PMIs revive growth fears

Last Updated: Tuesday, September 1, 2015, 08:13

China`s official Purchasing Managers` Index (PMI) fell to 49.7 in August from the previous month`s reading of 50.0, the weakest showing in three years.

Asia stocks suffer fresh losses, further volatility tipped

Last Updated: Monday, August 31, 2015, 17:03

Chinese stocks sank again Monday, dragging most other Asian bourses lower amid uncertainty over US interest rates, reviving fears of a broader global economic slowdown that has rocked the world`s financial markets.

Oil prices dip in Asia after huge rally

Last Updated: Monday, August 31, 2015, 11:05

US benchmark West Texas Intermediate for October delivery eased 79 cents to USD 44.43 while Brent crude for October fell USD 1.00 to USD 49.05 in late-morning trade.

Asian stocks set for worst monthly drop in three years on global rout

Last Updated: Monday, August 31, 2015, 09:05

Global markets are bracing for Chinese data on Tuesday which is expected to show the world`s second-largest economy is continuing to lose momentum.

Asia markets rally after strong US growth figures

Last Updated: Friday, August 28, 2015, 10:34

Asia stocks staged another rally in early trade on Friday, taking heart from strong US growth figures to cement a recovery after a torrid week when global markets took fright over China`s gloomy economic outlook.

Asia extends stocks rally as upbeat US GDP calms nerves

Last Updated: Friday, August 28, 2015, 08:07

Asian shares extended a global rally on Friday after upbeat U.S. economic data calmed sentiment, with Chinese stocks jumping for the second day following a rocky start to the week.

Asian shares cheered by Wall Street rally

Last Updated: Thursday, August 27, 2015, 18:41

Comments from a senior US Federal Reserve official that the case for a rate rise in September had weakened and upbeat durable goods data also boosted sentiment, pushing up the dollar.

Gold struggles even as equities drop further after China rate cut

Last Updated: Wednesday, August 26, 2015, 10:28

Gold slipped on Wednesday, struggling to draw buyers even as Asian stocks fell further despite China`s latest policy easing with investors remaining wary of a near-term hike in U.S. interest rates.

Currency volatility: How it will affect global growth

Last Updated: Wednesday, August 26, 2015, 09:33

Faced with falling exports and deflation risks, it suited much of Asia to let their currencies drift lower, until China`s abrupt devaluation triggered a tide of volatility that is upsetting not just their currency management but also their growth strategies.

Asian shares wobble after China rate cut

Last Updated: Wednesday, August 26, 2015, 09:05

Asian stocks flip-flopped on Wednesday after China cut interest rates in a bid to restore confidence in its sagging economy, with trading volatile after days of heavy swings across world equities.