Bob Michaelson, 2/14/14 (WSJ Photo) What’s your favorite large city in Asia for vacation and/or biz? I’ve been fortunate and blessed to have visited: Harbin (worked there for two years),… Read more →
Essay: Debt and corruption are hobbling the Asian giant, Bob Davis writes.
Bowing to political and market pressures, China cut lending rates for the first time in more than two years, in an acknowledgment that its piecemeal efforts to bolster its flagging growth have failed.
The People’s Bank of China and European Central Bank moved Friday to pump up flagging global growth, boosting stock markets but raising questions about the limitations of central-bank intervention.
Japanese Prime Minister Shinzo Abe officially dissolved the lower house of parliament, paving the way for an election next month that he has cast as a referendum on his economic program.
Reversing the pattern of recent decades, thousands of Pakistanis have fled westward into Afghanistan to avoid the military offensive in North Waziristan.
Alibaba Group sold $8 billion in bonds, making the Chinese Internet this year’s biggest source of fees for banks working on capital-markets deals.
Japanese Prime Minister Shinzo Abe announced snap elections for December, declaring the vote a referendum on his “Abenomics” policies as the country’s economy wobbles.
The Bank of Japan maintains its large-scale easing policy and sticks to its upbeat assessment of the economy despite dismal growth figures released earlier this week that prompted Prime Minister Shinzo Abe to delay a tax increase and call early elections.
Regional trend of moderating prices creates expectations that central banks will cut interest rates to spur growth and help ease heavy debt burdens.
Recession in the world’s third-largest economy has Japanese Prime Minister Shinzo Abe readying another major economic stimulus and preparing to call snap elections amid rising clamor over the wisdom of his “Abenomics” reforms.