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Asia Top News and Analysis

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  • What Most Entrepreneurs Get Wrong Monday, 20 May 2013 | 11:17 PM ET

    Some of Asia's most successful entrepreneurs confess to their most common mistakes.

  • When to Tell the Kids They're Rich Tuesday, 21 May 2013 | 11:17 AM ET
    Bernie Ecclestone is seen at his motorhome with his daughters Tamara Ecclestone (L) and Petra Ecclestone (R).

    A new study from U.S. Trust suggests that millionaire parents often don't tell their children how rich they are until well into adulthood. In fact, most believed their kids should little about the family's wealth before the age of 25.

  • RBA Defends Rate Cut, Says Growth Still Sub-Par Monday, 20 May 2013 | 9:48 PM ET

    Australia's central bank felt it needed to cut interest rates at its May meeting because the economy was still growing at a below-potential pace and inflation was not a threat, minutes showed on Tuesday.

  • Obama to Meet With China's Xi in California in June Monday, 20 May 2013 | 7:06 PM ET

    President Barack Obama and Chinese President Xi Jinping will hold their first meeting since Xi became president in March when they sit down for a June 7-8 summit in California.

  • Economic Recovery, Made in Bangladesh? Monday, 20 May 2013 | 9:15 PM ET

    Nearly every rich country has gone through a "T-shirt phase" — an economic period in which poor farmers work in textile and apparel factories. Bangladesh is at the beginning of the race. The New York Times reports.

  • U.S. dollars on display at the NYSE.

    The stock market and the U.S. dollar have started to move in lock step again, which analysts say could be a positive for U.S.-centric companies.

  • Meet the Steve Jobs of China  Sunday, 19 May 2013 | 8:15 PM ET

    CNBC's Eunice Yoon reports on Apple's latest competitor who is taking China by storm.

  • Burberry Profit Rises 14% Helped by China Demand Tuesday, 21 May 2013 | 2:24 AM ET

    British luxury group Burberry posted a 14 percent rise in full-year pretax profit and said profit for the first half of its new fiscal year would be below last year's as it reduces its wholesale business in favor of retail markets.

  • After Government Raid, Jittery Future for Bitcoin Monday, 20 May 2013 | 12:56 PM ET
    Bitcoins

    With news that authorities seized assets of the world's largest bitcoin exchange, traders and other people interested in the digital currency are looking nervously at the future.

  • Market and the Economy: What the Fed Is Missing Monday, 20 May 2013 | 10:57 AM ET
    Richard Fisher President and CEO of the Federal Reserve Bank of Dallas

    Whatever course it chooses, the Fed will have to grapple with the reality that while its policies have helped stocks, they've been less effective at growing the economy.

  • Chinese Hackers Resume Attacks on US Targets Monday, 20 May 2013 | 7:22 AM ET
    A building in a Shanghai suburb that is reportedly a center of cyberespionage.

    Hackers working for China's army appear to have resumed their attacks on U.S. companies. The NYT reports.

  • Goldman to Exit ICBC With $1.1 Billion Sale: IFR Monday, 20 May 2013 | 7:07 AM ET

    Goldman Sachs is selling about $1.1 billion worth of Hong Kong-traded shares in Industrial and Commercial Bank of China, the world's biggest bank.

  • Yahoo to Buy Tumblr, Vows 'Not to Screw It Up' Monday, 20 May 2013 | 8:49 AM ET
    Tumblr

    Yahoo said Monday it will buy blogging website Tumblr for $1.1 billion cash, in a bold move to make itself more relevant amid the explosion in social media on the Internet.

  • A Sluggish Europe Is 'Searching for Scapegoats' Monday, 20 May 2013 | 11:36 AM ET

    As Western economies come to terms with low growth and an inability to afford their social commitments, nationalist and isolationist movements will come to the forefront, HSBC's Stephen King told CNBC.

  • No Love for Precious Metals—Silver Gets Slammed Monday, 20 May 2013 | 1:49 AM ET

    First it was gold, and now it's silver. The metal fell victim to heavy selling on Monday on U.S. dollar strength and as investors turned more cautious.

  • Woah, Is It Time to Slow That Yen Fall? Sunday, 19 May 2013 | 10:13 PM ET

    Eight months into the yen's steep decline and Japan's policymakers are starting to voice their concern about the pace of the currency's move.

  • Trouble on American Farms: 'We Face a Grim Future' Monday, 20 May 2013 | 10:24 AM ET
    Farmer Bill Maupin verifies that his equipment is dropping seeds at the appropriate depth as he plants a cornfield outside Henry, Ill.

    Worried about a possible economic bust in agriculture like that of the 1980s, farmers talk about their growing fears.

  • Korea Goes After Chinese Tourists as Yen Falls Monday, 20 May 2013 | 6:04 AM ET

    Japanese tourists to South Korea, the largest group of visitors to Asia's fourth largest economy last year, fell by 25 percent in the first quarter thanks to a falling yen. But not to worry - the Chinese are here.

  • Risky Business: Lessons From the Bloomberg Scandal Monday, 20 May 2013 | 8:30 AM ET

    Bloomberg's scandal offers uncomfortable lessons in how we do business in a digital era. We're also more tolerant of leaving behind our electronic data, and not calling out missteps.

  • Rumors Spark Bank Run in Brazil Monday, 20 May 2013 | 8:20 AM ET
    Bolsa Familia is a social security program that pays money to 13.8 million poor families in Brazil. It was the flagship program of President Luiz Inacio Lula da Silva's center-left government aimed at alleviating poverty and encouraging school enrollment.

    Rumors that Brazil's social security fund,Bolsa Familia, was to be cancelled led thousands of people to withdraw money from Brazilian banks over the weekend.

Editor's Picks

  • The Australian dollar has had a swift, hard fall and now Goldman Sachs is predicting it could fall to as low as $0.80.

  • More fund managers are growing increasingly bearish on the outlook for China, believing "a hard landing" for the economy and a "commodity collapse" are currently the biggest tail risks facing markets, a monthly survey by Bank of America/Merrill Lynch show

  • Japan surpassed expectations in the first quarter, expanding at its fastest pace in a year, but an important pillar of growth was missing.

Charting Asia with Daryl Guppy