World leaders attending the Asia-Pacific Economic Cooperation summit in Indonesia preach benefits of free trade while doubting American willingness to see deal through
Asia
Shanghai Has a Free-Trade Zone, so Now What?
The 29-sq-km enclave could either revolutionize world finance, or simply get mired in bureaucratic circumspection
Asian Millionaires Will Soon Oust North Americans From Top of Wealth List
Study finds that assets held by Asia’s rich are growing at a much faster rate
U.S. Trade Body Urges India to Play Fair
National Association of Manufacturers wants the Obama administration to bring up trade concerns during visit of Indian Prime Minister Manmohan Singh this week
Asian Equities Rise After Summers Bows Out
Hawkish stance on U.S. stimulus made him unpopular with Asian investors
Chinese Ultra-Rich Increase, Some Escape to Hong Kong
Real estate raises billions, but a credit crunch and clampdown on luxury spending drives millionaires away from the mainland
Chinese Economy Shows Signs of Recovery
Figures for August show that inflation remains subdued, while exports rise more than expected
Japan: Economy is ‘Recovering Moderately’
Japan’s central bank upgrades its assessment of the economy
Japan’s Hopes of Boosting Satellite Business Dampened By Failed Rocket Launch
Epsilon countdown aborted seconds from take-off for reasons unspecified
Market Reality Check
The market craziness continues, with stocks down, commodities crashing, and bond yields rising. As usual during such periods, wild theories about what’s happening abound: The U.S. recovery is a mirage; China is having a Lehman Brothers-style meltdown; etc.
No, China Is Not Having a Lehman Brothers Moment
There’s little doubt that China is in the midst of a credit crunch, but don’t expect a global meltdown — it may not be felt outside the nation’s borders
Bernanke Says Little, Market Plummets: Welcome to the Post-QE Economy
What a strange world we are living in when Ben Bernanke holds a press conference to say that he’s essentially going to do nothing, and the markets go down 200 points. That was the story last night after the Fed announced it …