India, China show strong signs of eco slowdown: OECD

India and China, two of the world’s fastest growing economies, are witnessing strong signs of slowdown, while most of the developed nations are seeing moderate growth, according to Paris-based think tank OECD.

The Organisation for Economic Cooperation and Development (OECD) today

Monetary easing: China, Europe and Britain leap back in action

China, Europe and Britain loosened monetary policy in the space of less than an hour on Thursday, signalling a growing level of alarm about the world economy, although suggestions of coordinated action were played down.

Of the three, the surprise move was from Beijing which lowered its lending rate by 31 basis points to

China’s Manufacturing Growth Weakens As New Orders Drop

China’s manufacturing expanded at the weakest pace in seven months as overseas orders dropped, and South Korea cut its estimate for export growth this year, underscoring risks to Asian economies from Europe’s debt crisis.

The Purchasing Managers’ Index fell to 50.2 in June from 50.4 in May, the Beijing-based National Bureau of Statistics and China Federation of Logistics and

China PMI helps Aussie shares amid US, Europe worries

TOKYO (Reuters) - Asian shares inched up on Tuesday as Chinese factory data lent support to Australian stocks, but concerns about the U.S. economy and the euro zone capped prices.
MSCI's broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) rose 0.2 percent, after posting just a 0.4 percent gain in April.
Japan's Nikkei stock average (.N225) extended losses from Friday to fall 1.1 percent as a stronger yen hurt exporters. The market was closed on Monday for a public holiday. (.T)