The Thomson Reuters/INSEAD Asian Business Sentiment Index, representing the six-month outlook of 101 firms, climbed to 74 in April-June from 70 three months earlier. A reading over 50 indicates a positive view.
The World Intellectual Property Organisation (WIPO) in its 10th edition of the 'Global Innovation Index (GII)' ranked India 60th on its list of 130 most innovative countries in the world.
The pound shed almost three U.S. cents in hectic trade, or close to 2 percent, while futures for the FTSE lost 0.5 percent on speculation the left-leaning Labour Party might actually be able to form a coalition government.
According to BMI Research, a Fitch group company, China, Sri Lanka, Vietnam, India and Indonesia represent five favourite consumer markets in Asia, offering retailers the strongest consumer spending growth over its forecast period to 2021.
The S&P/ASX 200 tumbled 1.02 percent, driven by broad declines in the utilities, financials and energy sub-indexes. Major banking and resource stocks traded in the red.
A person briefed on the plan said Ford plans to offer generous early retirement incentives to reduce its salaried headcount by October 1, but does not plan cuts to its hourly workforce or its production.
The company expects to complete the transaction in the second half of 2017 which will boost its aromatics production in Singapore to more than 3.5 million tonnes per year.
The IMF, which in April raised its 2017 Asia-Pacific growth forecast to 5.5 percent from its previous October forecast of 5.4 percent, said loose monetary and fiscal policies across most of the region would underpin domestic demand.
"More than 40 percent of all Asia-Pacific organisations and 50 per cent of India-based organisations are looking at improving or developing a new enterprise HR Systems Strategy this year," the Sierra Cedar HR Tech Landscape Study for Asia said.
"Physical buying was very weak as prices jumped from around $1,250 this week. People are not interested in chasing prices at these levels and retail buying will pick up only around $1,200 levels," said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong.
Gobbling up over a third of global supplies, Asia is the world's biggest and fastest growing region for oil consumption, and its seemingly insatiable fuel thirst has long been a core support for prices.
"Our main global macro outlook still maintains that recession is more likely than not in the near future (12 to 18 months) based on the global credit impulse having peaked simultaneously with global inflation," Steen Jakobsen, chief economist at Saxo Bank, said.
Indian demand for the yellow metal fell this week primarily due to a rally in overseas rates, though an appreciating rupee capped upside in local prices.
Spot price for May delivery of LNG in Asia rose by 10 cents to USD 5.80 per million British thermal units (mmBtu) as seasonal tightness supported the market.
"The impact of the demonetisation of high-value banknotes is dissipating as the replacement banknotes enter circulation. Stronger consumption and fiscal reforms are also expected to improve business confidence and investment prospects in the country," said the Asian Development Outlook, ADB's flagship economic publication.
Nomura continues to see risk-reward unfavourable on balance, and maintain cautious view on Asian equities.
Brent crude futures, the international benchmark for oil, were at $51.02 per barrel at 0451 GMT, up 38 cents, or 0.8 percent, from their last close. That came after Brent briefly dipped below $50 a barrel on Wednesday for the first time since November.
Cooperation between countries that have current account deficits and those that have surpluses is required to address such imbalances, he told an IMF-hosted seminar in Tokyo on the international monetary system in Asia.
Capillary Technologies is investing USD 4 million annually in order to launch products to make the process for brands' seamless, thereby helping them deliver best-in-class customer experience.
S&P BSE Sensex 50 index, launched in December last year, measures the performance of the 50 largest and liquid companies listed on the BSE.
Media reports say Japan's SoftBank Group Corp , with expertise in information technology and telecommunications, is close to investing more than USD3 billion in the US office-sharing upstart WeWork. This would mark a major vote of confidence in the business and the sector overall.
"Developing Asia will need to invest USD 26 trillion from 2016 to 2030, or USD 1.7 trillion per year, if the region is to maintain its growth momentum, eradicate poverty, and respond to climate change (climate-adjusted estimate)," the Manila-headquartered multilateral funding agency said.
Iran's top four Asian buyers - China, India, South Korea and Japan - imported 1.64 million barrels per day (bpd) last month, up 67.6 percent on a year earlier, government and ship-tracking data showed.
The Manila-based bank's report covering 45 countries says despite dramatic growth in infrastructure development that has spurred an economic rise, reduced poverty and improved people's lives, a substantial infrastructure gap remains.
State Councillor Yang Jiechi will be in Washington for two days beginning today. He will exchange views with senior Trump administration officials on bilateral ties and issues of common concern, said Foreign Ministry spokesperson Lu Kang.