Asia, Global Economy | featured news

North Korea fired two rounds toward South Korea at their tense border Friday and South Korean troops immediately fired back, highlighting the security problems faced by Seoul as it prepares to host Barack Obama and other world leaders at the Group of 20 economic summit next month.

China had tried to temper expansion and the price rises that accompany excessively rapid growth.

China's economy slowed in the second quarter as the government steered monetary and fiscal policy back to normal after a record credit surge last year to counter the global crisis.

The Dow industrials fell below 10,000 again after an index of China’s economy was revised downward.

The pace of China's factory output eased last month as gradual policy tightening took a toll on new orders, suggesting to some economists that Beijing will take its time before nudging interest rates higher.

Shares rose as Chinese officials said Europe would remain one of their most important markets for investment.

A raft of monthly economic data early next week could show that China's growth momentum is starting to peak, some economists say, as the impact of stimulus spending wears off and Beijing steps up its efforts to rein in property speculation and other excesses.

Would an increase in Chinese domestic demand meaningfully reduce global imbalances and improve U.S. and European employment prospects?

Asian stocks tumbled Friday as ballooning European debt and a rise in U.S. unemployment claims added to fears the global recovery could slip back into recession....

The International Monetary Fund on Thursday declared that a global economic recovery has begun led by Asia, also cautioning that the strength of the rebound depended on a rebalancing of global growth.