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Thirteen of the biggest money managers, including AllianceBernstein Holding LP and BlackRock Inc, are switching out of equities and into emerging markets and high-yield bonds, according to a survey by HSBC Holdings Plc.
Asia's economy, including Australia and New Zealand, will be about 50 percent larger in five years, accounting for more than a third of world output, Australian Associated Press (AAP) quoted IMF as saying on Wednesday.
US stocks advanced on Tuesday as multinationals climbed in sync with the euro after a number of successful European debt auctions eased investor concerns about the continent's solvency crisis.
The Bank of Japan (BOJ) will offer as much as 3 trillion yen ($33 billion) in loans to companies for as long as four years in an effort to strengthen the economic recovery.
British consumer price inflation fell slightly faster than expected in May, helped by lower food costs and boosting hopes that April's 17-month high marked a peak.
Japan's central bank on Tuesday unveiled details of a new $33 billion low-interest lending scheme intended to fuel economic growth and fight deflation.
Moody's cut Greece's credit rating to junk status on Monday over risks to an EU/IMF bailout package.
Oil climbed as much as 1.4 percent toward $75 on Monday as renewed optimism about the global economic recovery rekindled appetite for risk, sending Asian stock markets to a one-month high and the dollar down.
Democratic senators want BP to set aside $20 billion to pay for cleanup and other costs from the Gulf oil spill.
Britain's new Office for Budget Responsibility is due to publish its first forecasts for economic growth and public finances, and the outlook is expected to be gloomier than the previous government's estimates.
A courtyard house next to Beihai Park that was once part of a Qing dynasty palace is being advertised online for 420 million yuan and attracting the interest of State-owned enterprises.
| Name | Value | Change | Time |
| Shanghai | 2,996.21 | +1.83% | Mon |
| Shenzhen | 13,140.88 | +1.92% | Mon |
| HSI | 23,313.19 | -0.41% | Mon |
| NIKKEI | 10,505.02 | -1.76% | Mon |
| Dow | 12,090.03 | -0.66% | Mon |
| Nasdaq | 2,745.63 | -1.40% | Mon |