China's growth worries and credit tightening sent ripples across global stocks on Monday with major U.S. stock indices, in particular, dropping 1 percent on the back of a 2-percent decline last week.
The incumbent President Tsakhia Elbegdorj of Mongolia won a reelection by garnering 50 percent of the vote against two main opponents, according to preliminary polls released by the country's General Election Commission on Thursday.
South Korea's finance ministry on Thursday upgraded its 2013 growth outlook for the country to 2.7 percent from an earlier estimate of 2.3 percent, citing fiscal stimulus package and modest recovery of the global economy.
China's central bank took a sharp turn Tuesday evening, when it promised to inject money into a temporary liquidity shortage after rejecting banks' pleas for cash over the past two weeks.
China's central bank on Monday told the country's over-extended lenders to manage liquidity risks to stabilize the monetary environment.
China's key stock indices recorded the biggest daily loss in nearly four years on Monday over concerns about the liquidity crunch in the financial system and subdued strength in the world's second largest economy.
Surveys conducted by China's central bank have indicated that bankers, entrepreneurs and depositors are worried about the economy and have less confidence, the Shanghai Securities News reported Saturday.
Singapore shares closed 2.51 percent lower on Thursday, tracking overnight drop in U.S. equities after Federal Reserve Chairman Ben Bernanke confirmed market fears that it may begin reducing its stimulus later this year as the economy improved.
Indonesia, the largest economy in Southeast Asian region, is making ready for the country's integration into ASEAN Economic Community (AEC) in 2015 by improving competitiveness.
China's manufacturing activities fell to a nine-month low this month, according to a preliminary survey from HSBC.
China Mengniu Dairy Co., Ltd. has signed a deal to buy Yashili International Holdings Ltd. for over 11 billion H.K. dollars (1.42 billion U.S. dollars), marking the most costly merger in China's domestic dairy sector, China Securities Journal reported Wednesday.
Ben Bernanke, the U.S. Federal Reserve chairman said on Wednesday that the central bank would start scaling back its massive bond-buying program later this year if the economy improves as expected.
The U.S. Federal Reserve on Wednesday sketched a brighter picture for the country's economy when Chairman Ben Bernanke sent out his most explicit message that the Fed was likely to begin reducing the pace of quantitative easing later this year, before bringing it to an end by the middle of next year.
U.S. oil prices rose to a nine- month high, as the Syrian conflict bolstered concern of supplies from the Middle East.
Asia Pacific region leads overall wealth growth while North America reclaims its position as the largest High Net Worth Individuals (HNWIs) market, according to results of a survey released in Hong Kong on June 19.
Not everyone would benefit from the establishment of free trade zone between the United States and European Union (EU), a study showed on Monday. Traditional trading partners and developing countries would be the main losers.
Foreign fund managers have practically abandoned the Philippines as outflow of foreign portfolio investments or "hot money" from the country hit a record high.
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