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Asia Top News and Analysis

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  • Amazon Earnings, Outlook Miss; Revenue Jumps Tuesday, 29 Jan 2013 | 6:23 PM ET

    The online retailer's earnings and outlook fell short of forecasts but revenue jumped 22 percent during the quarter and margins were strong. Shares initially fell then popped higher after-hours.

  • China's Used Car Market Outpaces New Sales Growth Tuesday, 29 Jan 2013 | 6:12 PM ET

    Used car sales in China grew faster than new car sales for a second straight year in 2012, and should account for half of all sales within seven years as the world's biggest autos market matures.

  • Obama: 'Now Is the Time' to Fix Immigration Laws Tuesday, 29 Jan 2013 | 3:48 PM ET
    President Barack Obama addresses immigration reform on Jan. 29. 2013 in Las Vegas, Nevada.

    President Obama called on Congress to make good on plans to overhaul the immigration system and offer a path to citizenship for millions of illegal immigrants. He said that if Congress is unable to act quickly, he will propose legislation and demand lawmakers vote on it.

  • Google Maps Out North Korea With Crowd-Sourced Data Tuesday, 29 Jan 2013 | 12:34 PM ET
    A map of Pyongyang, the capital of North Korea, after the addition of crowd-sourced data.

    Efforts to map out North Korea have been made over the last few years, but on Monday, Google was finally ready to officially update the region on Google Maps.

  • Apple Announces New iPad With More Storage Tuesday, 29 Jan 2013 | 11:17 AM ET
    The new iPad is displayed during an Apple product launch event at Yerba Buena Center for the Arts on March 7, 2012 in San Francisco, California.

    Apple is launching an updated version of its popular iPad with much larger storage capacity and a Retina display that sharpens its resolution.

  • What's 'Rich'? Depends How Old, and Rich, You Are Tuesday, 29 Jan 2013 | 10:18 AM ET

    When asked about their broader definitions of wealth, a majority of investors surveyed said it meant "greater security." "More happiness" ranked a distant second.

  • Egypt Army Chief Warns of ‘State Collapse’ Tuesday, 29 Jan 2013 | 6:41 AM ET
    An Egyptian protester next to a fire, throws stones towards riot police during a demonstration in Cairo's Tahrir Square on January 26, 2013.

    Egypt's army chief said political strife was pushing the state to the brink of collapse - a stark warning from the institution that ran the country until last year, as Cairo's first elected leader struggles to contain bloody street violence.

  • POSCO Profit Slumps, Warns of 10% Cut in 2013 Sales Tuesday, 29 Jan 2013 | 3:01 AM ET
    POSCO headquarters in Seoul, South Korea.

    POSCO, the world's No.5 steelmaker by output, reported a 51 percent slump in quarterly operating profit as tepid demand and falling prices offset lower raw material costs helped by a firmer local currency.

  • Remember the Yen Carry Trade? Well, It’s Back Monday, 28 Jan 2013 | 9:46 PM ET

    As confidence returns to global markets, investors appear to be using the cheap yen once again to fund investments in risky assets – a trade that is likely to give the battered Japanese currency another boot lower in the months ahead, analysts said.

  • Triple-Digit Oil in Sight as Global Economy Heals Monday, 28 Jan 2013 | 9:38 PM ET

    U.S. benchmark crude oil prices are expected to resume their march towards triple digits as stock markets respond to improved economic data in the U.S. and China, according to CNBC's latest oil market sentiment survey.

  • Home Appliance Retailer GOME Expects Full-Year Loss Monday, 28 Jan 2013 | 7:33 PM ET

    GOME Electrical Appliances, backed by private equity firm Bain Capital, expects it made a loss last year because of a slowdown in China's economy and an unprofitable e-commerce business, the company said on Monday.

  • G20 Unlikely to Pressure Japan Over Weakening Yen Monday, 28 Jan 2013 | 7:09 PM ET

    The world's top economic policymakers are likely to discuss how Japan's new monetary and fiscal policy drive is weakening the yen when they meet next month, but will stop well short of calling it a competitive devaluation, G20 officials said.

  • Xi Jinping: No Reformer After All Monday, 28 Jan 2013 | 6:31 PM ET
    Xi Jinping

    In China, the possibility of political reform and nationalization of the military under the new generation of leaders seems remote. Over the weekend, Beijing-based journalist Gao Yu published an analysis of a leaked speech given by President Xi Jinping during his southern tour last month that appears to throw cold water on hopes for reform. The Global Post reports.

  • Yahoo Earnings Beat; Revenue Outlook Is Light Monday, 28 Jan 2013 | 5:09 PM ET
    Yahoo billboard in San Francisco, CA

    In its first full quarter with Marissa Mayer at the helm, Yahoo reported fiscal fourth-quarter earnings that topped expectations. But its first-quarter revenue guidance was a bit lower than analyst estimates.

  • Popular Celebrity Gravesites Monday, 28 Jan 2013 | 5:01 PM ET

    Celebrity gravesites become popular attractions, visited by tourists hoping to connect with their once living idol. See some of the most popular celebrity gravesites of all time.

  • The Rich and Famous at Davos Monday, 28 Jan 2013 | 12:39 PM ET
    Charlize Theron at the World Economic Forum in Davos, Switzerland.

    Who are the rich and powerful who come to schmooze and party in Davos during the World Economic Forum's annual meeting?

  • Algerian security forces escort a bus carrying freed hostages outside a police station in In Amenas in the desert in Algeria's deep south on January 19, 2013.

    A consortium that deals with security issues is warning about possible threats to oil installations in Libya.

  • Caterpillar earnings after adjusting for a big write-down in China topped analysts' estimates. The company expects earnings to improve later this year, but the outlook shows it isn't banking on it.

  • The damaged battery case from a fire aboard a Japan Airlines (JAL) Boeing 787 Dreamliner airplane at Logan International Airport in Boston is displayed inside an investigation lab at National Transportation Safety Board (NTSB) Headquarters in Washington, DC.

    The joint investigation into the Boeing 787's battery problems has shifted from the battery-maker to the manufacturer of a monitoring system.

  • Japan Eased Safety Norms Ahead of 787 Rollout Monday, 28 Jan 2013 | 1:30 AM ET

    Japan's government stepped in to give Boeing's now-grounded 787 Dreamliner and its made-in-Japan technology a boost in 2008 by easing safety regulations, fast-tracking the rollout of the groundbreaking jet for Japan's biggest airlines, according to records and participants in the process.

Charting Asia with Daryl Guppy

  • The European Central Bank in Frankfurt, Germany

    Charts suggest that the downtrend in the euro/dollar is firm ahead of the European Central Bank's (ECB) policy meeting on Thursday.

  • The Dow Jones Industrial Average posted its largest annual gain last year and while momentum has slowed, investors are questioning whether the rise has run its course.

  • As the war of words between Australian dollar bears and bulls continues charts indicate that the bears may have the right call in the short term.