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Asia-Pacific News China

  • TOKYO— While world attention has focused on Kim Jong Un's recent missile tests, a monthlong surge in gasoline prices in Pyongyang is showing no signs of letting up— a puzzling problem that if allowed to drag on could be very bad news for the North Korean economy. That means North Korea now has some of the highest prices in the world for gasoline.

  • Further slowdown for China?

    China is raising its interest rates but the economy might not be able to handle it, says Jeffrey Kleintop, Charles Schwab.

  • Would you buy a Trumpchi car?

    Launched in 2010, China's fastest growing car brand is looking to start selling in the U.S. market in 2019. Eunice Yoon reports.

  • BEIJING _ 21 Vianet Group Inc. on Thursday reported a loss of $14.5 million in its first quarter. The Beijing- based company said it had a loss of 15 cents per share. For the current quarter ending in July, 21 Vianet said it expects revenue in the range of $126.4 million to $132.2 million.

  • Commodities tomorrow:

    CNBC's Jackie DeAngelis discusses the day's activity in the commodities markets.

  • The plant of South Korea's Daewoo Shipbuilding is seen in Koeje island of South Kyongsang province, about 470 km southeast of Seoul May 15, 2001.

    More than 3,200 marginal companies could drag down South Korea's industrial economy, Financial Times reports.

  • Couples prepare to have their photos taken on the Bund in Shanghai, China.

    Chinese consumers are becoming more concerned about sexual health and upgrading to higher-end condom brands, Financial Times reports.

  • Proton Holdings Saga vehicles move along the assembly line at the company's factory in Shah Alam, Selangor, Malaysia.

    Malaysian carmaker Proton has finally landed a foreign partner in Chinese automaker Zhejiang Geely Holding.

  • WUZHEN, China— A computer beat China's top player of go, one of the last games machines have yet to master, for a second time Thursday in a competition authorities limited the Chinese public's ability to see. State media reports on the games have been brief, possibly reflecting Beijing's antipathy toward Google, which closed its China- based search engine in 2010...

  • SHANGHAI, May 25- Hong Kong shares followed Asian markets higher on Thursday, even after Moody's downgraded Hong Kong's local and foreign currency issuer ratings shortly after cutting China's ratings on Wednesday. Hong Kong stocks were also aided by the strength in the mainland market, as the blue-chip CSI300 index posted its best day in 21 months amid growing...

  • BEIJING— The International Monetary Fund said Thursday lenders have approved a $5.5 billion financing package for Mongolia to support reforms meant to revive economic growth and reduce reliance on mineral exports. The fund said it would provide $434 million to Mongolia over three years and others including the Asian Development Bank, the World Bank, Japan,...

  • Oddly Sidic, Haitong and Qosun shares are rallying

    CNBC's Sophia Yan speaks about Citic Securities, Guosen Securities and Haitong Securities, who in total have been fined nearly half a billion renminbi by Chinese regulators.

  • SHANGHAI, May 25- China stocks rose sharply on Thursday morning, as investors dump small-caps but swarmed into blue-chips, amid rising hopes that global index provider MSCI Inc will agree next month to add mainland shares to its benchmark. The market appears to have shrugged off Moody's downgrade of China's credit rating on Wednesday, after several senior...

  • HONG KONG, May 25- ChemChina has raised $20 billion in perpetual bonds and preferred shares to finance its acquisition of Swiss seeds maker Syngenta, according to a regulatory filing by the state-owned Chinese company. Bank of China has invested $10 billion via a perpetual bond, making the Chinese lender the single largest financier in the $44 billion deal,...

  • *China is one of world's fastest growing condom markets. SYDNEY, May 25- A Chinese consortium is buying Ansell Ltd's condom division, the world's no. 2 condom maker, for $600 million, betting on surging demand in China as sex becomes less of a taboo subject and more emphasis is placed on public health education. Ansell's brands include Jissbon, which sounds like James...

  • TOKYO— While world attention has focused on Kim Jong Un's recent missile tests, a month-long surge in gasoline prices in Pyongyang is showing no signs of letting up— a puzzling problem that if allowed to drag on could be very bad news for the North Korean economy. That means North Korea now has some of the highest prices in the world for gasoline.

  • BEIJING— A computer that plays go has begun a second game against China's top player in a match authorities are limiting the Chinese public's ability to see. Thursday's game is one of three that 19- year-old Ke Jie and Google's AlphaGo computer program are due to play this week at a forum on artificial intelligence in a town west of Shanghai.

  • Vessels pass an oil refinery in the waters off the southern coast of Singapore.

    Singapore's first quarter GDP rose 2.7 percent as expected year-on-year, the Ministry of Industry and Trade said on Thursday, affirming the full-year forecast of 1.0 percent to 3.0 percent.

  • Chinese investors are looking to Florida

    Peggy Fucci, OneWorld Properties, says capital controls have not completely stopped Chinese investors from investing in U.S. real estate.

  • 1 more China downgrade in the works?

    Ken Wong, Eastspring Investments, says some economist see another ratings downgrade for China in the next three to four years.