Auditor Warns of Risks From Local Debt in China

SHANGHAI — The head of China’s national audit office warned on Monday that the country was facing growing risks because of a sharp rise in local government debt and poor controls over borrowing by investment companies set up by municipalities, provinces and other bodies.

China's Economy Is Surging 7% but Everyone Thinks That's Too Slow

Most countries would be thrilled to have such a robust economy. And if the U.S. economy were expanding at anywhere near that level -- its GDP grew just 2.4% last year -- the Federal Reserve would already be raising interest rates.

Japan February exports seen accelerating; trade gap to narrow

(Reuters) - Japan's export growth is forecast to have accelerated in February as shipments recovered from a Lunar New Year slowdown, which along with slower import growth is expected see the trade deficit narrow from record levels, a Reuters poll shows.

Strong US jobs report triggers stock market rally

LONDON (AP) — Stock markets rallied on Friday, with both the Dow and S&P hitting new highs, after an unexpectedly strong U.S. jobs report indicated the world's largest economy is not slowing down, as some had feared.

China services industry slows as economy cools

China’s services sector last month grew at its weakest pace since at least March 2011, raising fears over an economic slowdown that officials are struggling to manage.

Global fears shackle India's outsourcing job-hoppers

The normally high employee turnover rate in India's job-hopping outsourcing sector has fallen sharply as a weak global economy hits the flagship industry, a study showed on Monday.

Obama affirms strong economic, security ties with Japan

Washington (CNN) -- Affirming strong ties in a time of challenges, President Barack Obama and visiting Japanese Prime Minister Yoshihiko Noda on Monday hailed an agreement to move U.S. Marines from Okinawa and expressed solidarity against North Korea's nuclear weapons program.