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World Bank cuts China, Indonesia growth estimate; warns of asset bubbles

SINGAPORE - The World Bank on Monday scaled back slightly its 2013 growth forecasts for developing East Asia and warned about possible over-heating in the region's larger economies that could stoke inflation and asset bubbles.

asia china east indonesia inflation region singapore

Found 1 month ago on channel Reuters

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Forget the Fiscal Cliff: Why Obama Is in Asia

It might seem strange that newly re-elected President Barack Obama has chosen this moment to jet off to Asia. After all, he’s left a mess of problems back home. The White House is in the midst of tense negotiations with Republican Congressmen over a budget compromise to avoid the looming “fiscal cliff.” The nation is still smarting from a long and divisive election. And even in the realm of foreign policy, Asia doesn’t seem to be the priority right now, with a conflict escalating between Israel and Hamas in Gaza. Obama isn’t even visiting Japan or South Korea, historically America’s most important allies in Asia, or landing in China to deal with Washington’s many economic issues with the world’s second largest economy. Instead, he’s attending a summit in Cambodia of the leaders of the Association of Southeast Asian Nations (ASEAN) and others from the region, and making the first visit by a U.S. President to Burma (also known as Myanmar). Over the weekend, he toured a Buddhist ...

america asean asia asian association bangkok barack obama buddhist burma cambodia centrality china decision donilon election forget gaza hamas house importance indonesia influence israel japan king korea majority-muslim motivation myanmar nation national negotiations policy president priority region republican securities singapore south southeast thailand tom vacation washington white

Found more than 1 month ago on channel TIME Business

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Forget the Fiscal Cliff: Why Obama is in Asia

It might seem a strange that newly re-elected President Barack Obama has chosen this moment to jet off to Asia. After all, he’s left a mess of problems back home. The White House is in the midst of tense negotiations with Republican Congressmen over a budget compromise to avoid the looming “fiscal cliff.” The nation is still smarting from a long and divisive election. And even in the realm of foreign policy, Asia doesn’t seem to be the priority right now, with a conflict escalating between Israel and Hamas in Gaza. Obama isn’t even visiting Japan or South Korea, historically America’s most important allies in Asia, or landing in China to deal with Washington’s many economic issues with the world’s second-largest economy. Instead, he’s attending a summit in Cambodia of the leaders of the Association of Southeast Asian Nations (ASEAN) and others from the region, and making the first visit by a U.S. president to Burma (also known as Myanmar). Over the weekend, he toured a ...

america asean asia asian association bangkok barack obama buddhist burma cambodia centrality china decision donilon election forget gaza hamas house importance indonesia influence islamic israel japan korea motivation myanmar nation national negotiations policy president priority region republican securities singapore south southeast thailand thomas vacation washington white

Found more than 1 month ago on channel TIME Moneyland

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