Some families may lose as much as £50,000 over the next 16 years due to cuts in child benefit, says the accountancy firm PwC.

Russia brings into force a law that aims to protect children from harmful internet content, but critics say it may increase censorship.

South Korean exports have risen for the first time in four months, raising hope that the economy could be starting to recover.

Manufacturing activity in China expands for the first time in three months, a sign that the country could be recovering from its slowest pace of growth in three years.

Shares of Japan's electronics giant Panasonic fall as investors worry about the firm's long-term future and its ability to turn around its business.

China Investment Corporation, the country's sovereign wealth fund, buys a 10% stake in the firm that runs London's Heathrow airport.

Japan's biggest brokerage, Nomura Holdings, is fined $2.5m (£1.5m) for insider trading, the largest penalty handed down by the Tokyo Stock Exchange.

The housing market will take time to gain momentum despite a rise in prices in October compared with the previous month, the Nationwide says.