South Korea to get clearing system for China's yuan

South Korea will get a yuan clearing system in the capital Seoul, expanding the list of states with direct access to trade in the Chinese currency.

China's $50 billion move to avert cash crunch

China's central bank has been forced to pump nearly $50 billion into the financial system to prevent a second damaging cash crunch this year.

China finds 'violations' in lending by state-owned banks

China's National Audit Office (NAO) has said that some state-owned banks "violated" lending regulations.

Asia stocks up on data showing stronger US economy

BANGKOK (AP) -- Asian stock markets staged a modest recovery Wednesday, boosted by strong data releases that portray a U.S. economy on the upswing.

G20 task force to study Libor reform

BASEL, Switzerland (Reuters) - The agency that sets rules for global banks will establish a task force to look at reform of Libor after a scandal in which three banks were fined for rigging the global interest rate benchmark.

Global economic uncertainty hurts stocks

LONDON (AP) — Global financial markets fell Tuesday amid uncertainty over what authorities in the U.S., China and Europe might do to help the slowing world economy.