Stocks End Off Lows; S&P 500 and Nasdaq Log Worst Week in 2013
Asia Top News and Analysis
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Investors are starting to "wake-up to the reality" that stocks are the only way for them to get real returns on their money, Tempeton's Mark Mobius told CNBC.
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Stocks and bonds have been telling different stories over the past few months, and the argument for prolonged slow growth is winning.
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Golfers with extravagant tastes are vital to the game’s culture, and upmarket brands have the goods to sell them at top dollar. CNBC.com presents a list of 10 extravagances for the golfer who demands--and can pay for--the best. Read ahead to see what they are and what they cost.
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Retailer Best Buy is offering a 30 percent discount on its current stock of Apple iPad 3 tablets in the United States, a spokeswoman for the world's largest consumer electronics chain said.
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Online currency bitcoin had 20 percent knocked off its price overnight on Thursday as one of its major exchanges became the victim of a hacking attack leading to a sell-off in the virtual currency after reaching an all-time high.
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It has been 40 years since the first call was made on a cellphone. Here's a look at how mobile devices have evolved.
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European Central Bank President Mario Draghi said the central bank would keep monetary policy accommodative "for as long as needed".
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The waters of the South China Sea surrounding Hong Kong were the setting for an uncommon sight this week: A growing crowd of hulking cargo ships bobbing aimlessly in the haze as their frustrated crews waited for them to be able to come in to port. The New York Times reports.
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Shares of Hyundai Motors and its Kia Motors affiliate slumped on Thursday, after both companies said they are recalling more than 1.8 million cars and SUVs in the United States to address faulty parts.
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As the Asian Development Bank searched for a new leader, one seemingly odd twist is that China, the third largest shareholder in the bank has forfeited its chance to come up with a nominee. CaiXin Online reports.
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While Google remains the undisputed king of search, the nature of search is changing, especially as more people search for what they want to buy, eat or learn on their mobile devices, the New York Times reports.
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Australian retail sales surged 1.3 percent in February, far above expectations and the biggest rise in over three years, the clearest sign yet that consumer demand is responding to lower rates.
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China has found two more cases of a new strain of bird flu and one of the victims has died, bringing to nine the number of confirmed human infections from the previously unknown flu type.
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With the price surging more than 50% in just a few days, even Bitcoin supporters acknowledge that the digital currency is unofficially in bubble territory.
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Australia will force corporate giants to disclose their tax arrangements to curb alleged tax avoidance by multinational corporations.
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Malaysian Prime Minister Najib Razak announced he will dissolve parliament on Wednesday, paving the way for a long-anticipated general election late this month.
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Australia's trade deficit shrank by much more than expected in February to its smallest in 14 months thanks to higher prices for resource exports, a likely boost to profits and incomes that also gave the local dollar a lift.
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With its rare apology, Apple went from pariah to praiseworthy in the eyes of China's state-controlled media, a lesson for other foreign firms not to underestimate the power of the government press.
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South Korea's leading manufacturers are seeing their exports and profits undermined by the yen's decline and want more government help to deal with the problem, a survey by their lobby group showed.
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Stung by a landmark patent defeat, Western drugmakers will be wary about launching new products in India, but they cannot afford to quit a country with a market potential as large as India's.
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Australia's highly-regarded central bank governor, Glenn Stevens, will remain in his position for a further three years after his current seven-year term expires in September.
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The results of a business confidence survey in Japan showed that despite a surge in stock prices and a steep fall in the yen, Japanese manufacturers are still largely pessimistic.
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Despite talk of the so-called "great rotation" out of bonds and into equities, activity in the high yield debt market has been robust.
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Japanese policymakers have suddenly gone silent as the yen halts its dramatic fall. Why?
Charting Asia with Daryl Guppy
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There is a high probability that the current uptrend in the S&P 500 index will continue to 1,690, says this chartist.
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The steady rise of the Australian ASX 200 index has slowed and is developing the potential to turn into a downtrend.
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The Cyprus impact is a minor blip on the weekly euro/dollar chart. The upside target for the pair in a rebound from $1.29 is the previous resistance level near $1.34.