Japan’s economy shows signs of recovery, grows in Q1
Japan’s economy, the third largest in the world, grew at a faster than expected pace in the first quarter led by robust private consumption and a rebound in exports on the back of the government’s radical policies to reflate the economy.
Asia markets tumble following Boston blasts
Stock indexes across Asia have fallen after two explosions at the Boston Marathon finish line on Monday unnerved investors, adding to the negative tone in Asian trade.
South Korea plans 17.3tln won stimulus package
South Korea has unveiled a 17.3 trillion won stimulus plan designed to boost its economy and growth prospects, its Finance Ministry said on Tuesday.
China’s economic growth slows
China’s economy, the world’s second largest, has slowed and performed worse than expected in the first three months of the year.
Captains charged with 39 counts of manslaughter following 2012 Hong Kong ferry crash
Hong Kong police have charged the captains of two vessels that collided off Hong Kong's Lamma Island last year with several counts of manslaughter.
China inflation data shows recovery is weak
China’s consumer price index (CPI) dropped dramatically in March official data released today shows, indicating that the recovery in the world’s second-largest economy is still weak.
North Korea blocks access to Kaesong industrial zone
Tensions between North and South Korea continued to escalate Wednesday, with the North blocking the entry of South Korean workers into a joint industrial zone.
India cuts interest rate
India’s reserve bank has lowered its benchmark repo rate, the rate at which it lends to commercial banks, by 25 basis points in a bid to jumpstart the country’s economy.
Tokyo stocks dive on Cyprus bailout
Tokyo stocks fell 2.71 percent at the close Monday after the yen soared on news that Cyprus plans to tax bank depositors as part of a controversial bailout deal.
ENI sells Mozambique stake to CNPC
Italian oil giant ENI has signed an agreement to sell 28.6 percent of its subsidiary Eni East Africa, which owns the Area 4 natural gas field in Mozambique, to China National Petroleum Corp, the country's largest oil producer, for $4.21 billion.
