Shares on mainland China slipped on Friday, but Hong Kong rose on news of a possible deal between the US and China with audit teams due to conduct initial checks in the city

Markets fell in Hong Kong and Shanghai amid the bleak economic outlook in China, but shares edged up in Australia and India

The proportion of people in the region facing extreme poverty – living on less than $1.90 a day – could have eased to 2.9% in 2020 instead of rising to 5% because of the pandemic, it said.

China’s homebuyers are refusing to pay mortgage loans and their “stop mortgage repayment” movement has spread to several Chinese provinces

Asian markets slid lower on Tuesday amid expectations of a further rate hike in the US, the slowdown in China, but financial stocks helped to pull India's Nifty 50 to a positive level

Asian stocks fell in China, Japan, South Korea and India, but rose in Australia. 

Nomura lowered its China economic growth forecast, citing dismal July activity data, the lingering impact of the pandemic, and the worst heatwave in six decades.

Japan's Nikkei closed above 29,000 for the first time in seven months and China and Hong Kong stocks rose. South Korea was down.

Elliott made its move after losing faith in SoftBank founder Masayoshi Son's ability to turn around the company's fortunes after steep investment losses, the FT reported.

There is no global payment system that is strong enough to act as an alternative to SWIFT and enable Russia to evade sanctions

Asian shares were mixed after China's central bank unexpectedly trimmed two key lending rates following the release of July data that showed the nation's economic slowdown deepening.

The Yuan Wang 5 is expected to arrive at the island nation's southernmost port, Hambantota, on Tuesday – despite security concerns raised by its neighbour India and the US.