Asia & Australasia

Sri Lanka’s new president pledges a 100-day programme to restructure the state and economy

Sirisena shakes up Sri Lanka

Sri Lanka’s new president pledges a 100-day programme to restructure the state and economy

Following Mahinda Rajapaksa’s increasingly authoritarian 10-year reign, the election of Maithripala Sirisena came as much as a surprise in Sri Lanka as it did for international onlookers. Formerly the health minister until defecting in November, the Pre...

After days of hearing state-aligned platitudes, Cheah Cheng Hye – known as Asia’s Warren Buffet – quickly became the standout star at the Asian Financial Forum in Hong Kong

‘Asia’s Warren Buffett’ criticises Chinese government

After days of hearing state-aligned platitudes, Cheah Cheng Hye – known as Asia’s Warren Buffet – quickly became the standout star at the Asian Financial Forum in Hong Kong

"The country desperately needs financial markets to function properly rather than rely on state-owned banks to allocate capital. The allocation system has become a threat to the legitimacy of the communist value of China." While a diminutive figure, Hy...

China’s GDP growth fell to the lowest level in 24 years in 2014, on the back of a slump in real estate, soaring debt and weak domestic demand

China’s economic growth slowest for 24 years

China’s GDP growth fell to the lowest level in 24 years in 2014, on the back of a slump in real estate, soaring debt and weak domestic demand

China’s GDP growth was down 0.3 percent from 2013 at 7.4 percent, marking the slowest rate of growth since global sanctions against the country in 1990, following the Tiananmen Square massacre, stalled its expansion. The slumped growth also marked th...

Chinese experts remain ambiguous over nation’s stance with Russia, writes Kumutha Ramanathan at the Asian Financial Forum in Hong Kong yesterday

China keeps low profile over Russian-relations at AFF

Chinese experts remain ambiguous over nation’s stance with Russia, writes Kumutha Ramanathan at the Asian Financial Forum in Hong Kong yesterday

Call Putin a thorn in the side of Europe, even the West's next big mafia hit. Just don't expect an insipid Chinese government and its financial behemoths to react. That unofficial doctrine seemed to bleed through Ding Xuedong, Chairman and CEO of China...

World Finance speaks to Imran Motiwala, Chief Executive Officer of AKD Investment, about Pakistan’s improving economic conditions

AKD Investment Management on Pakistan’s growing economy

World Finance speaks to Imran Motiwala, Chief Executive Officer of AKD Investment, about Pakistan’s improving economic conditions

Pakistan's economy is said to be getting back on track, with overall macro-economic conditions in the country improving. World Finance speaks to Imran Motiwala, Chief Executive Officer of AKD Investment, about what this means for investments in the count...

World Finance speaks to Simon Featherstone, Global CEO of Bibby Financial Services, to discuss China’s future in the global economy

‘China will remain and become an even bigger pivotal cog’ for the global economy

World Finance speaks to Simon Featherstone, Global CEO of Bibby Financial Services, to discuss China’s future in the global economy

European banks are still being cautious; investment in the European economies is behind that in the US. Simon Featherstone, Global CEO of Bibby Financial Services, speaks to World Finance to discuss what is occurring across the world, and in the emerging ...

China's trade figures for December surged 9.7 percent from a year earlier, but analysts believe stimulus is still needed

China’s exports have stronger December than expected

China’s trade figures for December surged 9.7 percent from a year earlier, but analysts believe stimulus is still needed

New data shows that the second-largest economy in the world ended 2014 more positively than expected, with imports jumping 9.7 percent and imports down 2.3 percent from a year earlier. State news agency Xinhua said these final figures mean exports were up...

World Finance speaks to Mark Boleat, Policy Chairman at the City of London Corporation, about whether the Chinese yuan could overtake the greenback

Chance of renminbi overtaking greenback is ‘a long way off if it’s ever going to happen’

World Finance speaks to Mark Boleat, Policy Chairman at the City of London Corporation, about whether the Chinese yuan could overtake the greenback

World Finance: There has been talk that the renminbi could one day overtake the greenback as the international reserve currency; what do you think the likelihood of this happening is? Mark Boleat: That's a long way off if it's ever going to happen. ...

Indonesia’s rupiah has dropped to its lowest level since the financial crisis devastated the Asian economy in 1998

Rupiah falls to lowest level in 16 years

Indonesia’s rupiah has dropped to its lowest level since the financial crisis devastated the Asian economy in 1998

The rupiah dropped 1.9 percent against the dollar in Jakarta to 12,698, according to Bloomberg, indicating a 16-year low and marking the biggest fall since the start of August. It’s down 10 percent from its rate against the dollar in July. The Indone...

Abe has secured the support he so desperately needs to carry out his sweeping economic reform programme in the years ahead

Abe scores two thirds majority win in Japanese elections

Abe has secured the support he so desperately needs to carry out his sweeping economic reform programme in the years ahead

Shinzo Abe’s Liberal Democratic Party (LDP) has scored a two thirds majority win in Japan’s December 14 snap election, putting the Prime Minister in an opportune position to continue on with his ambitious reform programme. "My 'Abenomics' policies ar...

The eventual end of a long, fruitful mining boom has left a gaping hole in Australia’s economy and slashed its employment figures

Unemployment special: Australia’s future looks bleak as mining boom ends

The eventual end of a long, fruitful mining boom has left a gaping hole in Australia’s economy and slashed its employment figures

Despite somehow weathering the great global recession of 2008 with very little damage incurred, fast forward to late 2014, and the Australian economy’s gold streak is well and truly over. The mining investment boom, which lasted a decade and contributed...

Weak performance indicators point to a slowdown in China, and many believe the central bank could introduce further easing measures to stave off deflation

Chinese inflation hits five-year low

Weak performance indicators point to a slowdown in China, and many believe the central bank could introduce further easing measures to stave off deflation

New government figures show that Chinese inflation dipped to a five-year low in November, and a look at the country’s performance indicators suggests that growth in the world’s most populous nation is slowing. At only 1.4 percent, the November inflati...

Japan’s government has announced the country sunk into a bigger recession than originally estimated in the third quarter of this year

Japan’s recession bigger than initially estimated

Japan’s government has announced the country sunk into a bigger recession than originally estimated in the third quarter of this year

According to the revised figure, Japan’s GDP contracted by 1.9 percent in the three months ended September 30 - up from the initial estimate of 1.6 percent, which technically marked a recession and sparked debate over the country’s drastic ‘Abenomic...

World Finance speaks to Fubon Life Insurance about Taiwan's exceptional growth in the insurance sector

Fubon: ‘the Taiwan insurance market has grown very fast in the past few years’

World Finance speaks to Fubon Life Insurance about Taiwan’s exceptional growth in the insurance sector

Taiwan is the second largest market in the Asia Pacific region after in Japan, in terms if insurance penetration. World Finance speaks to Executive Vice President of Fubon Life Insurance, Tsai-Ling Chao, to find out how the industry is developing. ...

The downgrading of Japan's economy is exactly what Shinzo Abe doesn't need two weeks before an election

Moody’s downgrades Japan’s credit rating

The downgrading of Japan’s economy is exactly what Shinzo Abe doesn’t need two weeks before an election

Moody’s has cut Japan’s credit forecast from A1 to Aa3 – in line with Fitch and one notch below Standard and Poor’s respective ratings. Explaining its decision, Moody’s cited uncertainty over whether the country could achieve its ‘fiscal de...

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