Asia-Pacific News


  • Fake Braces Trend Takes Asia by Storm Thursday, 3 Jan 2013 | 11:12 PM ET

    In America, teenagers think that braces are awkward, dorky and annoying. But in Asia, braces are cool. They're so cool in fact, that teens in Thailand, Indonesia and China are even wearing fake braces to make a fashion statement.

  • Automakers in China Brace for Dismal Growth in 2013 Thursday, 3 Jan 2013 | 10:18 PM ET

    Automakers in China are bracing for another year of tepid single-digit growth in 2013, weighed down by sluggish demand for Japanese cars amid a diplomatic row between the two regional neighbors and government measures intended to restrict traffic in bigger cities.

  • End of Stimulus? Why It Isn't All Bad News Thursday, 3 Jan 2013 | 10:00 PM ET

    The Fed minutes triggered a sell-off in equities as investors fretted over a possible end to historically low interest rates. The upside? Analysts say this reflects confidence in the U.S. economy.

  • A foreign tourist pauses to look at the glittering Shwedagon Pagoda in Yangon, Myanmar.

    Japan's new government confirmed its support for the emerging democracy in Myanmar on Thursday when Finance Minister Taro Aso visited the country to reaffirm Japan's intention to cancel debt and help develop a big industrial zone.

  • China's services sector saw its slowest rate of expansion in nearly a year and a half in December, a private sector survey showed on Friday, in another piece of evidence that a fourth-quarter economic growth revival will remain modest.

  • How Did Asia's Airline Market Perform in 2012?     Thursday, 3 Jan 2013 | 8:35 PM ET

    Rigan Wong, Equity Analyst, Asia Transportation, Citigroup says the holiday travel demand was strong due to low cost carriers' accelerated fleet expansion towards the end of 2012.

  • The Luxury Brand That's Stepping Things Up in China Thursday, 3 Jan 2013 | 7:29 PM ET
    A logo sits above the entrance to a Salvatore Ferragamo SpA store in Florence, Italy.

    Italian shoemaker Salvatore Ferragamo has raised its stake in distribution companies operating in China as part of a strategy to strengthen its position in Asia.

  • Starbucks said it will set up its first outlet in in Ho Chi Minh City early next month via a partnership with Hong Kong's Maxim's Group as the U.S. chain continues to expand in fast-growing Asian markets.

  • Is 2013 the Year Japan's Economy Turns Around? Thursday, 3 Jan 2013 | 2:28 PM ET

    “Japan had disappointed so many times in the past when there were reasons to hope for a recovery,” writes Bill Witherell, chief global economist at Cumberland Advisors, in a recent commentary. But this year will be different, he says.

  • Global Markets Update: Shares Trade Mixed     Thursday, 3 Jan 2013 | 6:12 AM ET

    CNBC's Ross Westgate reports on all the market moving events from Europe, as markets showed caution over how the U.S. will tackle further budgetary battles.

  • Why Hong Kong’s Bull Market Will Last Into 2013 Thursday, 3 Jan 2013 | 2:25 AM ET

    A "bull run" in Hong Kong's benchmark Hang Seng stock index, one of last year's best performing markets in Asia, should last well into 2013 thanks to a brighter economic outlook and a rebound in mainland shares, analysts say.

  • US Fiscal Deal Could Spell Trouble for Asia Thursday, 3 Jan 2013 | 1:37 AM ET

    A resolution to the U.S. fiscal cliff crisis, messy and protracted as it was, provided an immediate boost for financial markets but longer term could spell trouble for some Asian assets that are coming off a stellar 2012.

  • Gartman: I Own Stocks, But 'I Don't Like It'     Thursday, 3 Jan 2013 | 1:27 AM ET

    Dennis Gartman, founder, editor & publisher of The Gartman Letter, tells CNBC why he's reluctantly long equities. (1:26)

  • Threat of New Curbs Looms for Singapore Property Thursday, 3 Jan 2013 | 12:20 AM ET

    Sluggish economic growth and six rounds of property cooling measures over the past three years, yet Singapore home prices remained on the boil in 2012. That can only mean one thing, say analysts: fresh curbs to cool the housing market in the months ahead.

  • China Services Growth Adds to Recovery Hopes Wednesday, 2 Jan 2013 | 10:31 PM ET
    Shopping district in Beijing, China

    Growth in China's increasingly important services sector accelerated in December at its fastest pace in four months, adding to signs of a modest year-end revival in the world's second-largest economy.

  • Watch Out, Asia. Inflation Is on Its Way Wednesday, 2 Jan 2013 | 10:00 PM ET

    Inflation in Asia may be under control, but prices across the region could soon start to creep higher, with India and Southeast Asia the most vulnerable, warns independent economist Andy Xie.

  • Chinese Stocks to Trade Closer to Fundamentals     Wednesday, 2 Jan 2013 | 8:15 PM ET

    Stephen Sheung, VP & Investment Strategist, SHK Private says that as regulation eases to allow more foreign players, Chinese stocks will trade closer to fundamentals.

  • Google Executive Chairman to Visit North Korea Wednesday, 2 Jan 2013 | 7:22 PM ET
    Eric Schmidt

    Google's executive chairman is preparing to travel to one of the last frontiers of cyberspace, North Korea on a private, humanitarian mission led by former New Mexico Gov. Bill Richardson that could take place as early as this month, sources told The Associated Press on Wednesday.

  • Is a Global Recovery in Sight?     Wednesday, 2 Jan 2013 | 6:50 PM ET

    Andy Xie, Independent Economist is skeptical of a pick-up in the global economy in 2013 as he doesnt see fundamental changes in the major economies. He also cautions against China's economy and property market.

  • India's Jet Front-Runner For Etihad Investment: Source Wednesday, 2 Jan 2013 | 6:38 PM ET
    A Jet Airways plane approaches Ahmedabad airport.

    India's Jet Airways is the front-runner for an investment by Etihad Airways, a senior Indian government source said on Wednesday, adding the Gulf carrier could pay up to $330 million for a 24 percent stake in the Indian company.

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