Profit at China's biggest banks accelerated in the first quarter in line with a better-than-expected performance in the domestic economy, but rising bad loans may pressure authorities to ease up on pump-priming measures.
Industrial & Commercial Bank of China (ICBC) -- the world's largest bank by assets and several other yardsticks -- posted a net profit of 82.0 billion yuan in the January-March period, up 4.1 percent.Full Story
US sanctions on Iran, rising unrest in the Middle East and North Africa and oil price volatility are dragging regional economic growth, the International Monetary Fund said Monday.Full Story
Qatar is set to abolish its controversial exit visa system for all foreign workers by the end of the year, the UN's International Labour Organization said Friday.Full Story
China is trying to woo more nations to join a massive network of ports, railways, roads and industrial parks that links dozens of countries in Asia, Europe and Africa.Full Story
Brent North Sea crude hit a near six-month high above $75 per barrel Thursday on supply concerns that have been worsened by the United States tightening the screw on sanctions-hit Iran.Full Story
Detained former Nissan chairman Carlos Ghosn paid 500 million yen ($4.5 million) in bail, the Tokyo District court said Thursday, signaling he would likely soon be released.
Ghosn was arrested in November, released on bail in March but re-arrested in April on new allegations and taken to the Tokyo Detention House.Full Story
Japan will fail to reach its two-percent inflation target even by 2022, the central bank predicted on Thursday as it also revised down its estimate for growth in the world's third-largest economy.Full Story
Saudi Arabia has no immediate plans to raise oil output after the United States ends sanctions waivers for buyers of Iranian crude, energy minister Khalid al-Falih said Wednesday.Full Story
Two top American officials will head to Beijing next week to continue talks on the bruising trade war between the US and China, the White House said on Tuesday.Full Story
Oil prices jumped to near six-month highs on Monday as the Trump administration cracked down on Iranian oil exports, announcing it would no longer grant waivers from US sanctions.Full Story