Taiwan’s economy probably shrank at a slower pace in the 2nd quarter as exports to China improved, indicating the island may be recovering from its first recession since 2001. Gross domestic product contracted 7.8 % in the 3months through June, according to the median estimate in a News survey of 17 economists, after declining a record 10.24 % th...

In  China foreign direct investment fell for a tenth straight month in July as companies stalled expansion plans amid the global financial crisis. Investment declined 35.7 % from a year earlier to $5.36 billion, the Commerce Ministry said at a briefing in Beijing today. That compared with a 6.76 % drop in June. The situation for foreign direct i...

Shanghai stocks dropped 5.8% Monday, permitting their biggest percentage drop so far this year, as lower commodity prices, persistent worries over tightening in bank loans and weak economic data dampened investor sentiment. Hong Kong shares were also weighted down by the performance as well as a steep fall in U.S. stock futures and commodity prices...

China’s Hua Xia Bank ,  partly owned by Deutsche Bank (DBKGn.DE), posted a 13.6 percent drop in first-half earnings, in line with analysts’ expectations, as net interest income fell. Net profit ascribable to shareholders fell to 1.67 billion yuan ($244.5 million) in the first six months, the Beijing-based midsized lender said in a stat...

When China announced three weeks ago that its economy had grown by 7.1 /cent in the first half of this year, this country appeared to be a lone bright spot during the global recession. But many economists now worry that too much of China’s growth was fueled by aggressive, state directed lending that could eventually result in a ascendant number o...

The U.S. dollar Monday descend  against a basket of currencies to its lowest since September as a rally in stocks and prompting  economic data from around the world abraded the greenback’s safe-haven appeal. On Wall Street, the broader S&P 500 stock index topped the psychologically important 1,000 level for the first time in nine months...

HSBC Holdings , Europe’s biggest bank by market value, plans to add employee  and more than 10 branches in China as the world’s most biggest  country rebounds from the global recession. “We certainly expect to continue with our existing rate of expansion,” Richard Yorke, chief executive officer of HSBC (China) Ltd., said in an interview ...