Asia Pacific

There is no immediate prospect of the Chinese currency, the yuan, overtaking the U.S. dollar to become the world’s most important currency.

Taking sides in the contest between Iran and Saudi Arabia for dominance among the world’s Muslims has cost Malaysia dearly.

The slow-motion collapse of housing prices in China continues apace with homebuyers in Hangzhou, the capital of the eastern Zhejiang province, being offered 20% discounts.

Indian Oil Corporation Ltd. has agreed to purchase a 10% interest in Progress Energy Canada’s natural gas reserves in northeast British Columbia and in the proposed Pacific NorthWest LNG export facility, Progress announced March 7.

Vancouver lithium explorer Pure Energy Minerals (TSX-V:PE) has signed a memorandum of understanding (MOU) with South Korean steel product manufacturer POSCO.

China’s aim of fostering economic growth by boosting domestic consumption and lessening dependence on exports of manufactured goods continues to be elusive.

Australia expects its already overvalued property market to be further distorted by Ottawa’s decision to end Canada’s investor immigrant program.

Japanese media are reporting that their country’s Trans-Pacific Partnership (TPP) negotiator, Akira Amari, has done a deal with Canada’s International Trade Minister Edward Fast to protect both countries’ dairy industries.

Singapore is steeply increasing “sin” taxes to raise revenue for increased medical and social services for its rapidly aging population.

Burma’s role as Southeast Asia’s hottest undeveloped economy is being threatened by its lack of electrical power.