Asia Economy


  • Renegade Responses to North Korea Rocket Launch Thursday, 13 Dec 2012 | 9:27 PM ET
    A man watches a TV screen broadcasting news on North Korea's rocket launch, at a railway station in Seoul on December 12, 2012.

    World response to North Korea's controversial rocket launch wasn't as unanimous as it might have seemed. In fact, the responses of several nations stand out. The GlobalPost reports.

  • A man watches a TV screen broadcasting news on North Korea's rocket launch, at a railway station in Seoul on December 12, 2012.

    A successful rocket launch by North Korea could prove to be a key test not just for China's new leaders but also the politicians that will come into power in South Korea and Japan in elections that take place over the next week, experts tell CNBC.

  • Investors In for Bumpy Ride Aboard the 'Abe Trade' Wednesday, 12 Dec 2012 | 7:00 PM ET
    Shinzo Abe, incoming Prime Minister of Japan.

    Printing money and going on a spending spree would usually sow alarm in a heavily indebted economy, but investors in Japan are betting that opposition leader Shinzo Abe will tone down his strategy if he wins power in Sunday's national election.

  • Something New for Singapore's Pampered Pets: Obituaries Wednesday, 12 Dec 2012 | 1:31 AM ET

    As more wealthy Asians have fewer kids and shower more attention on pets, Singapore's largest newspaper will allow grieving owners to publish obituaries for their furry loved ones.

  • Japan Machinery Orders Up, but Outlook Uncertain Tuesday, 11 Dec 2012 | 7:11 PM ET

    Japan's core machinery orders rose 2.6 percent in October from the previous month, up for the first time in three months, but uncertainty over the global outlook will likely continue to weigh on business investment and the broader economy.

  • Indonesia Sees 2012 Growth at 6.3 %; Holds Rates Tuesday, 11 Dec 2012 | 3:04 AM ET

    Bank Indonesia held its benchmark rate steady at 5.75 percent, aiming to help keep Southeast Asia's largest economy growing at least 6 percent a year and showing it feels inflation remains at a comfortable level.

  • New regulations in Mongolia could stifle a deal to develop the Oyu Tolgoi mine, the world’s biggest new source of copper, and hurt the country’s broader economy.

  • US Intelligence: Asia's Global Power Rising Monday, 10 Dec 2012 | 7:28 PM ET

    China's economy is likely to surpass the United States in less than two decades but the Asian country is not expected to take on the superpower role of the United States in gathering coalitions to deal with global issues.

  • Japan's Renesas Electronics, the world's biggest maker of microcontroller chips, was thrown a lifeline on Monday after gaining 150 billion yen ($1.8 billion) in a government-led bailout.

  • Poor China Exports Data Won't Derail Recovery Monday, 10 Dec 2012 | 12:48 AM ET

    China's trade numbers for November came in far below expectations, however, economists are confident the slump in export growth will not derail the recovery in the world's second largest economy.

  • Japan Revised GDP Signals Economy in Recession Sunday, 9 Dec 2012 | 7:14 PM ET
    Tokyo, Japan

    Japan's economy contracted for a second straight quarter in July-September, revised government data showed on Monday, indicating that weak global demand nudged the export-reliant economy into a mild recession.

  • Is China's Economy Now in a Sweet Spot? Sunday, 9 Dec 2012 | 2:52 AM ET

    Growth in China's factory output and retail sales hit an eight-month high in November as consumer inflation bounced off 33-month lows in the latest sign that its economy is snapping out of a protracted slump.

  • Watch Out China, Inflation Is Creeping Up Sunday, 9 Dec 2012 | 1:00 AM ET
    Shopping district in China.

    China's annual consumer inflation rebounded from 33-month lows to 2 percent in November, dimming the chance for more monetary policy easing as its economy recovers.

  • Apple Manufacturer Off the Hook in Chinese Ruling Friday, 7 Dec 2012 | 4:59 AM ET
    Employees work on the assembly line at Hon Hai Group's Foxconn plant in Shenzhen, Guangdong province, China.

    Chinese labor arbitrators have ruled against the father of a Foxconn worker brain-damaged in a factory accident in southern China.

  • In Mongolia, a Backdoor to the Hermit Kingdom Friday, 7 Dec 2012 | 2:15 AM ET

    North Korean delegations to Mongolia are worth a second look. The GlobalPost reports.

  • Asia's Growth Prospects Not So Hot: ADB Thursday, 6 Dec 2012 | 7:35 PM ET

    The Asian Development Bank lowered its 2012 and 2013 growth estimates for developing Asia on Friday as frail global demand drags on the region.

  • China Likely to Stick With 7.5% Growth Target Thursday, 6 Dec 2012 | 6:29 PM ET
    Shanghai, China

    China's leaders are likely to stick with the 2012 growth target of 7.5 percent when they chart a course for 2013, allowing higher levels of fixed-asset investment to offset weak export demand.

  • South Korean Economy Slows in the Third-Quarter Thursday, 6 Dec 2012 | 5:05 AM ET
    Seoul, South Korea.

    South Korea's economy grew 0.1 percent in the July-September period from the previous quarter, a slight downgrade from an earlier estimate and the slowest in three and a half years.

  • China to Fine-Tune Policies in 2013 Tuesday, 4 Dec 2012 | 10:18 PM ET
    Xi Jinping

    China will maintain its fine-tuning of economic policies in 2013 to ensure stable economic growth, state television quoted Chinese Communist Party chief Xi Jinping as saying on Tuesday.

  • Japan-Style 'Lost Decade' Still Looms for Euro Zone Monday, 3 Dec 2012 | 2:30 AM ET

    The currency area's escape route hinges more on the pace of expansion in the United States and China, lifting the world economy, than on the policy mix in Europe, which will continue to favour austerity over growth in 2013.