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Asia-Pacific News


  • Japan's Abe Unveils Plans to Cut Taxes Sunday, 9 Jun 2013 | 7:07 AM ET
    Japanese Prime Minister Shinzo Abe.

    Japanese Prime Minister Shinzo Abe said on Sunday the government would decide on tax cuts in autumn to encourage companies to boost capital expenditure as part of sweeping reforms to revive the economy.

  • US and China Remain Divided on Cyberspying Sunday, 9 Jun 2013 | 4:39 AM ET
    Barack Obama (R) and Xi Jinping

    After two days of talks, President Obama and President Xi Jinping of China moved closer on North Korea, but remaining sharply divided over cyberespionage, the New York Times reports.

  • China Data: Latest Figures Fuel Weakness Fears Sunday, 9 Jun 2013 | 3:48 AM ET

    China's growth could slow further after data released on Sunday showed subdued activity right across the economy in May in the face of sustained global weakness, raising the possibility of interest rate cuts.

  • Cybersecurity Talks: Obama, Xi Cover Thorny Issues Saturday, 8 Jun 2013 | 7:31 AM ET
    Chinese President Xi Jinping

    U.S. President Barack Obama and his Chinese counterpart Xi Jinping launched straight into discussing hard issues at an informal summit, and may delve deeper when they meet again on Saturday.

  • China Trade Data Raise Growth Fears Saturday, 8 Jun 2013 | 1:00 AM ET
    A container port in Qingdao in east China's Shandong province.

    China's exports posted their lowest growth rate in almost a year in May while imports unexpectedly fell, underlining concerns about slowing growth in the world's second largest economy.

  • SoftBank Eyes Merger With T-Mobile as 'Plan B' Saturday, 8 Jun 2013 | 12:25 AM ET
    t mobile iphone--2090623186_v2.jpg

    SoftBank is in talks with Deutsche Telekom over a possible deal for T-Mobile US, as the Japanese company looks for alternatives if its $20.1 billion deal with Sprint Nextel falls apart.

  • Samsung Sheds $12 Billion on Smartphone Fears Friday, 7 Jun 2013 | 6:57 AM ET
    Samsung Galaxy S4 smartphone

    Samsung lost $12 billion in market value on Friday, hit by downgrades that have underscored concerns about slowing sales of its flagship Galaxy S4 smartphone.

  • Investors Dump Japan, but Soros May Be Buying Friday, 7 Jun 2013 | 3:16 AM ET
    George Soros, chairman of Soros Fund Management

    Even as Japan's stock index flirted with bear territory on Friday and then closed more than 6 percent lower for the week, there was some good news for the beaten-down Nikkei.

  • Japan's Neighbor Suffers Brunt of 'Abenomics' Friday, 7 Jun 2013 | 1:22 AM ET
    Seoul, South Korea

    Prime Minister Shinzo Abe's policies to revive Japan's economy are proving to be problematic for neighboring South Korea, said the head of the country's financial regulator.

  • Fed Tapering Could Mean Instant Problems for China Friday, 7 Jun 2013 | 1:00 AM ET

    Any Fed tapering of bond buying could lead to a liquidity squeeze in the world's second largest economy.

  • Oil to Gain If Hardliner Wins ‘Pivotal’ Iran Vote Thursday, 6 Jun 2013 | 11:46 PM ET

    Benchmark crude oil prices may rise in the second half of this year if Iran's chief nuclear negotiator and frontrunner in presidential elections, wins the vote scheduled for June 14.

  • China Firm Nears Deal for James Bond Yacht Maker Thursday, 6 Jun 2013 | 11:14 PM ET
    Wang Jianlin, chairman of Dalian Wanda Group

    A Chinese firm is close to buying Britain's largest luxury yacht maker by sales, underscoring China's growing appetite for European luxury assets. The Financial Times reports.

  • Dollar-Yen Shake-Out Could Be Just the Start Thursday, 6 Jun 2013 | 10:43 PM ET

    Strategists say the wild currency moves in the dollar-yen may be far from over.

  • China Signals Willingness to Tolerate 7% Growth Thursday, 6 Jun 2013 | 7:56 PM ET
    China's new President Xi Jinping (R) talks with former President Hu Jintao (L) on March 14, 2013 in Beijing, China.

    China's new leaders have adopted a greater tolerance for a slowdown in the economy than their predecessors and are likely to allow quarterly growth to slip as far as 7 percent before triggering fresh stimulus.

  • Hog Stock: Inside China's Strategic Pork Reserve Thursday, 6 Jun 2013 | 2:41 PM ET
    A Chinese vendor carries a slaughtered pig to his motorcycle at an abattoir, as he heads back to his stall at a market in Hefei, east China's Anhui province.

    Americans know that the U.S. keeps a huge petroleum reserve, but China takes stockpiling to an entirely different level: It runs a strategic pork reserve.

  • Obama Impact on China Hacking 'Limited': Huntsman Thursday, 6 Jun 2013 | 5:53 AM ET
    Jon Huntsman, former U.S. Ambassador to China and onetime GOP presidential hopeful, makes an appearance during the 2012 campaign.

    Obama's cyberhacking talks with China can have only a "limited" impact, former ambassador Jon Huntsman tells CNBC.

  • Aussie Dollar Slide Is Turning Into a 'Massacre' Thursday, 6 Jun 2013 | 3:44 AM ET

    The Australian dollar continued its dramatic slide on Thursday, hitting a 20-month low against the U.S. dollar below the 95 cent mark to levels unseen since October 2011.

  • Wild Swings? Emerging Currencies Have It Worst Thursday, 6 Jun 2013 | 2:37 AM ET

    Volatility in global markets looks tame compared with the wild swings in emerging market currencies as investors brace for an unwinding of the Fed’s hefty monetary stimulus, strategists say.

  • Can Japan's Nikkei Escape From the Bears? Thursday, 6 Jun 2013 | 12:13 AM ET

    Although the fall in Japan's benchmark stock index over the past two weeks has been much steeper than anticipated, the market might just escape bear market territory, strategists say.

  • Data Superficial, China Is Fine: Roach Wednesday, 5 Jun 2013 | 11:21 PM ET
    Shanghai, China

    China is doing "much better" than the recent slew of discouraging monthly economic data might suggest, according to Stephen Roach.

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