International Energy Agency (IEA) chief Fatih Birol said on Sunday that oil prices may have bottomed out, providing that the health of the global economy does not pose a concern.
Berlin has begun restricting private property rentals through Airbnb and similar online platforms, threatening hefty fines in a controversial move meant to keep housing affordable for locals.
Mitsubishi Motors' future is hanging in the balance for the second time in a decade after a bombshell admission that it has been cheating on fuel-economy tests for years.
Preliminary data showed South Korea's exports slid 11.2 per cent down from a year earlier to US$41.05 billion in April, while imports also dropped a faster 14.9 per cent to US$32.21 billion.
Activity in China's manufacturing sector expanded for the second month in a row in April but only marginally, an official survey showed on Sunday.
Australia's conservative government is pledging to drive economic and jobs growth when it hands down its budget on Tuesday.
As young boys plunge into a murky dam to escape the blistering afternoon sun, guards armed with guns stand vigil at one of the few remaining water bodies in a state hit hard by India's crippling drought.
Australia may have awarded France a bumper contract to build its next generation of submarines, but its highly secretive combat system will come from close ally the United States.
Japan's finance minister said late Saturday the recent sharp rise in the yen is "extremely worrying", adding Tokyo will take action when necessary.
Sales are falling off a cliff. Its reputation is in tatters. And even its top executive is talking about whether the automaker will survive.