Japanese Prime Minister Shinzo Abe on Monday said his government will start to compile new economic stimulus measures to support the nation's economy and bolster domestic demand, in the first economic policy move following his ruling Liberal Democratic Party-led bloc's sweeping upper house election victory a day earlier.
Confidence among British businesses fell sharply following the vote to leave the European Union, a survey showed on Tuesday, reinforcing the view that the economy could be in for hard times after the historic decision.
The sharing economy has huge potential in China, where the younger generation are ready to embrace new ways of doing business and living, senior management of Airbnb believe. "We've seen positive signs of a developing sharing economy in China both from the consumers and the government," Varsha Rao, head of global operations for Airbnb, told Xinhua during the Annual Meeting of the New Champions 2016, or Summer Davos, in Tianjin.
South Korean President Park Geun-hye on Monday ordered her senior advisors to make all-out efforts to minimize possible negative effects from Brexit, or British exit from the European Union (EU).
Despite unavoidable short-term fluctuations in growth during transition, the Chinese economy will not suffer a "hard landing", Premier Li Keqiang said on Monday.
Britain voting to leave the European Union poses both short and mid-term issues for Japan's economy with the longer term consequences as yet being unknown in fact posing the biggest problem of all after the "Brexit" vote, as the economy here is notoriously vulnerable to uncertainty.
Millions of Britons will vote to stay in or leave the European Union (EU) on Thursday as polling stations across the country opened to the public in the morning.
Business sentiment among major companies in Japan has worsened, with nearly 80 percent viewing the domestic economy as “at a standstill,” an Asahi Shimbun survey shows.
A withdrawal of Britain from the European Union would lead to huge uncertainty and loss of confidence, and significantly hurt both British and European economies, warned a leading German foreign trade group on Monday.
A vote to exit the European Union in this week’s referendum could leave Britain’s economy more than 5 percent smaller by 2019 than if it stays in the 28-nation club, the International Monetary Fund said.
The popular Reserve Bank of India (RBI) Gov. Raghuram Rajan will step down when his term ends in September to return to academia, he said in a letter published Saturday, ending intense speculation over his future.
The fundamental problem of the Japanese economy is a declining workforce, an Australia international economist told Xinhua recently in an exclusive interview.
Japan's government kept its assessment of the economy unchanged this month but warned that consumer prices are rising at a slower pace, casting more doubt on policymakers' three-year effort to shake off deflation.
Highlighting India as the world's fastest growing major economy despite an unsupportive global environment, Finance Minister Arun Jaitley said on Wednesday that good monsoon, GST passage and higher spending will accelerate the upward curve in the coming years.
Japan’s industrial production edged up in April, data showed Tuesday, despite factory shutdowns sparked by a pair of deadly earthquakes that rocked southern Kyushu.
Australia's economy grew 3.1 percent over the past year to March 2016, official statistics released on Wednesday revealed.
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