Russia slams 'hostile' new U.S. sanctions and vows to retaliate

Moscow rejected new sanctions imposed on it by the U.S. late Tuesday, describing the restrictions led…

Hong Kong announces over $15 billion budget to lift economy out of recession

Financial Secretary Paul Chan announced spending of more than 120 billion Hong Kong dollars ($15.5 billion)…

China revises 2019 GDP lower with a $77 billion cut to manufacturing

GDP last year now rose only 6.0% to 98.65 trillion yuan ($15.1 trillion), versus 6.1% as…

European markets head for flat open as Brexit trade deal momentum fades

European stocks are expected to open flat to lower on Wednesday. London's FTSE is seen opening…

Banks face two major risks in 2021, says CEO of Singapore’s largest bank DBS

Rising defaults and ultra-low interest rates will be two major headwinds confronting banks next year, said…

Moody's says outlook for India's nonfinancial companies is 'stable,' expects sharp GDP rebound

India's rated nonfinancial companies are predicted to have a "stable" outlook in 2021, according to Moody's…

Philippine central bank governor says rate cuts so far are ‘more than enough’ to support economy through 2021

The Philippine central bank has cut its main policy rate by a cumulative 200 basis points…

Salaries in Asia Pacific projected to grow the most globally in 2021

Salaries in Asia Pacific are forecast to grow at a greater rate than any other part…

What to expect when Singapore’s top banks report third-quarter earnings this week

Singapore's top three banks are expected to report further hits to earnings due to sustained low…

Pompeo's 'strong remarks' are needed to send a message to China, says former Indian ambassador

Mike Pompeo, U.S. secretary of state, hit out at China for being "no friend to democracy,…

How the U.S. election could affect Europe's markets, economy and trade

Europe's financial markets and economic prospects will be affected by whoever enters (or remains) in the…

From curfews to calling in the army, here's what Europe is doing to tackle its coronavirus surge

Europe is facing the much-feared "second wave" of coronavirus cases, after a lull in new infections…