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World Economy Asia-Pacific News


  • India scrambles to crack down gold smuggling Thursday, 31 Jul 2014 | 7:53 PM ET

    India is cracking down on a new gold smuggling tactic that could accelerate a flood of illegal imports of the precious metal into the country.

  • Is India 'holding a gun to its own head?' Thursday, 31 Jul 2014 | 9:39 PM ET

    India's opposition to a global trade deal is akin to the country "holding a gun to its own head,", analysts said.

  • Gas blast in Taiwan kills 24, injures 271 Friday, 1 Aug 2014 | 1:49 AM ET
    Rescue workers search through the explosion site in southern Kaohsiung city on August 1, 2014. A series of powerful gas blasts killed at least 22 people and injured up to 270 in the southern Taiwanese city of Kaohsiung,

    An explosion caused by a gas leak killed 24 people and injured 271 in Taiwan's second city, sending flames shooting 15 stories into the air, setting entire blocks ablaze and reducing small shops to rubble.

  • Abenomics, Modinomics ...now Choinomics? Thursday, 31 Jul 2014 | 7:08 PM ET

    First there was Abenomics, then Modinomics. Now South Korea has coined its own package of economic policies, which economists say will lead to a period of "big bang expansionary growth."

  • Should Sony forget about smartphones? Friday, 1 Aug 2014 | 1:41 AM ET
    A Sony Xperia Z2 smartphone and compatible devices, manufactured by Sony Corp, are displayed for sale inside a Bouygues Telecom store, operated by Bouygues SA in Paris, France, on Thursday, July 3, 2014.

    Sony warned about its smartphone division when it released earnings, raising the question whether the firm should just cut its losses in the sector.

  • Singapore's DBS posts record first-half profit Thursday, 31 Jul 2014 | 11:26 PM ET

    DBS Group Holdings said second-quarter net profit climbed 9 percent, beating expectations with the help of 10 percent growth in loans.

  • Is dollar-yen on the verge of a breakout? Thursday, 31 Jul 2014 | 7:04 PM ET

    The popular dollar-yen trade, which has fallen out of favor in the recent months, is coming back in vogue, say strategists.

  • China factory activity at fastest pace in over 2 years Thursday, 31 Jul 2014 | 9:01 PM ET

    Activity in China's vast manufacturing sector continued to pick up steam in July, two sets of data showed on Friday.

  • Sony warns on smartphones after profit surges Thursday, 31 Jul 2014 | 3:50 AM ET
    Boxes sit on display for Sony Computer Entertainment Inc.'s PlayStation 4 video game console at a Bic Camera Inc. electronics store.

    Japan's Sony Corp warned it doesn't now expect to make money on smartphones this year, as it reported a jump in first-quarter profit.

  • Why are market bulls sticking by Samsung? Thursday, 31 Jul 2014 | 12:04 AM ET

    An ugly earnings report from Samsung prompted a 3 percent drop in shares, but that hasn't deterred market bulls.

  • China should lower 2014 GDP target to 6.5-7%: IMF Wednesday, 30 Jul 2014 | 11:41 PM ET

    China should set a GDP target of 6.5-7 percent for 2015, below its 2014 goal, and refrain from stimulus measures, the IMF said.

  • Kerry presses India on global trade deal Wednesday, 30 Jul 2014 | 11:43 PM ET
    U.S. Secretary of State John Kerry speaks January 17, 2014 at the State Department in Washington, DC.

    John Kerry has pressed New Delhi to drop its opposition to world trade reforms, saying it was a test of commitment to advance economic liberalization.

  • India’s Tata earmarks $35B for expansion Wednesday, 30 Jul 2014 | 1:44 AM ET
    Cyrus Mistry, Chairman of TATA Group.

    India's Tata Group has outlined plans to invest $35 billion over the next 3 years for expansion into new areas such as retail and defense.

  • Mark Mobius expects India stock correction Wednesday, 30 Jul 2014 | 7:13 PM ET
    Mark Mobius, executive chairman of Templeton Asset Management's Emerging Markets Group

    India stocks are headed for a correction in the near term, emerging markets guru Mark Mobius said, as the pace of reforms is likely to disappoint.

  • China shows reforms resolve in graft crackdown Wednesday, 30 Jul 2014 | 7:13 PM ET
    Zhou Yongkang, one of the members of the nine-seat Politburo Standing Committee, attends the closing of the National People's Congress at the Great Hall of the People on March 14, 2011 in Beijing, China.

    China's ongoing anti-corruption campaign claimed its biggest scalp this week, and some see its hard-line stance as a positive for the economy.

  • Samsung Elec sees tough Q2 after profit slips Wednesday, 30 Jul 2014 | 8:57 PM ET

    Samsung reported its worst quarterly profit in two years and was downbeat about prospects, fueling concerns about its ability to face competition.

  • Winning over the promiscuous India consumer Wednesday, 30 Jul 2014 | 12:01 AM ET

    Global brands are learning to get creative with wooing the price-sensitive Indian consumer, who has a penchant for bargain-hunting and little brand loyalty.

  • Gender wage gap in Asia set to get worse Wednesday, 30 Jul 2014 | 7:13 PM ET

    Despite Asia's economic advances in the past decade, there has been little progress in improving the income discrepancy between men and women.

  • Housing bubble fears resurface in Australia Wednesday, 30 Jul 2014 | 7:13 PM ET
    A sold sign is displayed outside a property in Willoughby in Sydney, Australia.

    Prices in the one of the world's most expensive housing markets are set to pick up pace, triggering renewed warnings of a potential bubble brewing.

  • Toys could save Nintendo’s gaming fortunes Wednesday, 30 Jul 2014 | 6:58 AM ET

    Nintendo is struggling to keep up with the times, but interactive toys could be the Japanese company's savior, analysts told CNBC.

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