Asia-Pacific News


  • Australia Retail Sales Take Surprise Dip in November Tuesday, 8 Jan 2013 | 8:48 PM ET

    Australian retail sales were surprisingly soft in November as spending fell on clothes and household goods, a sign lower interest rates had yet to breathe life into the long-struggling bricks and mortar shopping sector.

  • A poster at a protest against the gang rape of a 23-year-old in New Delhi, India

    Three of the men accused of raping and murdering an Indian student have asked lawyers to defend them and the lawyers have agreed to do so, even though most of the judiciary has refused to represent the suspects because of outrage over the attack.

  • Australian fire crews battled hundreds of wildfires, a searing heatwave and powerful, hot outback winds on Tuesday, but were hopeful they had dodged a potentially catastrophic fire day without loss of life or major damage.

  • Opportunities in the High Yield Space     Tuesday, 8 Jan 2013 | 6:20 PM ET

    Edward Perks, Portfolio Manager, Franklin Income Fund says that investors should gain exposure to fixed income and that high yield bonds present an interesting opportunity.

  • A Collapse in the US Treasury Market?     Tuesday, 8 Jan 2013 | 6:10 PM ET

    Edward Perks, Portfolio Manager, Franklin Income Fund discusses the risks of having exposure to fixed income.

  • Weak Year for Base Metals: Pro     Tuesday, 8 Jan 2013 | 5:40 PM ET

    David McAlvany, CEO, McAlvany Financial Group says that there will be weakness in the base metal space this year as supply will be weak.

  • These 3 'Rs' Will Drive Earnings Season     Tuesday, 8 Jan 2013 | 5:10 PM ET

    Mike Crofton, President and CEO of Philadelphia Trust Company says a 'Recovery' in Europe, 'Re-accelerating' in China and 'Resolving' the U.S fiscal problem will boost earnings.

  • After 787 Fire, Another Dreamliner Has Fuel Leak Tuesday, 8 Jan 2013 | 4:49 PM ET
    United Airlines Boeing 787 Dreamliner

    A fuel leak forced a Boeing 787 Dreamliner operated by Japan Airlines to return to the gate at Boston's Logan International Airport Tuesday, canceling its scheduled takeoff in the second mishap in as many days with the new jetliner.

  • Bank of Japan to Consider Easing Again in January Tuesday, 8 Jan 2013 | 12:19 PM ET

    The Bank of Japan will consider easing monetary policy again this month as it eyes doubling its inflation target, sources said.

  • European Shares Higher Ahead of US Earnings     Tuesday, 8 Jan 2013 | 6:10 AM ET

    CNBC's Kelly Evans reports on all the market moving events from Europe, as prices on EU debt rise and yields fall slightly.

  • Why Samsung Shares Are in for Another Bumper Year Tuesday, 8 Jan 2013 | 4:17 AM ET

    Shares of the world’s largest smartphone maker Samsung Electronics are expected to surge 50 percent in 2013, on the back of a stellar performance last year.

  • Private equity firm Carlyle Group sold its remaining stake in China's No.3 insurer CPIC in a deal valued at $793 million, exiting the business with its largest dollar profit on an investment.

  • Singapore's Mount Elizabeth hospital, where the Indian gang rape victim succumbed to her injuries.

    The decision to fly the victim of a gang rape that outraged India for treatment in Singapore made little medical sense as the woman was so severely injured that her death was all but inevitable, doctors say.

  • Welcome to Macca's as McDonald's Goes Aussie Monday, 7 Jan 2013 | 11:56 PM ET

    Looking for a McDonald's in Australia this month? You may bump into a "Macca's" instead. The international fast food giant will temporarily change signs to "Macca's," the affectionate Australian nickname for the chain, in celebration of Australia Day.

  • Yen Could Weaken to 100 Against Dollar This Year Monday, 7 Jan 2013 | 11:42 PM ET

    Japan's new government has vowed to revive the economy and expectations for aggressive monetary easing are running high. This sets the scene for the yen, which has fallen sharply and quickly in recent weeks, to weaken to the 100-mark versus the dollar, possibly this year, some analysts say.

  • Curtain Rising on Theater Investment Monday, 7 Jan 2013 | 9:08 PM ET

    A government-backed investment fund is one of several waiting in the wings for a chance to support – and profit from – China's fast-growing performing arts and film companies. Caixin Online reports.

  • Avoid These Asian Tech Markets: Pro     Monday, 7 Jan 2013 | 7:50 PM ET

    Ajay Kapur, Head of Equity Strategy, Asia, Deutsche Bank explains why he dislikes tech sectors in Korea and Taiwan. He says since they manufacture in China, they do not have much margin power.

  • Still Bullish on China: Pro     Monday, 7 Jan 2013 | 7:40 PM ET

    Ajay Kapur, Head of Equity Strategy, Asia, Deutsche Bank says expects the MSCI China to have an upside of 15% and 10% EPS growth.

  • Where Retail Investors Are Heading     Monday, 7 Jan 2013 | 7:15 PM ET

    Ajay Kapur, Head of Equity Strategy, Asia, Deutsche Bank sees the beginning of a trend of retail investors coming back into equities, especially Asian markets.

  • Samsung Electronics said it likely earned a quarterly profit of $8.3 billion, as it sold close to 500 handsets every minute.

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