Asia-Pacific News


  • Singapore's Economy Dodges Recession Tuesday, 1 Jan 2013 | 9:13 PM ET

    Singapore's economy grew more vigorously than foreseen in the last three months of 2012, avoiding an expected recession, as gross domestic product (GDP) data for previous quarters was revised downwards.

  • Volatility Is Your Friend!     Tuesday, 1 Jan 2013 | 8:50 PM ET

    Andrew Economos, MD & Head of Sovereign & Institutional Strategy Asia, JP Morgan Asset Management recommends waiting for an attractive entry point into risk assets amid all the political wrangling on Capitol Hill.

  • Andrew Economos, MD & Head of Sovereign & Institutional Strategy Asia, JP Morgan Asset Management says a ratings upgrade is on the cards for the Philippines this year.

  • Singapore Economy Grew 1.2% in 2012: PM Tuesday, 1 Jan 2013 | 6:14 PM ET

    Singapore's economy grew by 1.2 percent in 2012, Prime Minister Lee Hsien Loong said on Monday, indicating the city-state slipped into a recession in the last three months of the year.

  • North Korea Seeks End to Confrontation With South Tuesday, 1 Jan 2013 | 6:06 PM ET
    South Korean conservative activists burn anti-North Korean placards during a protest denouncing North Korea's rocket launch, in Seoul on December 12, 2012.

    North Korean leader Kim Jong-un called for an end to confrontation between the two Koreas, technically still at war in the absence of a peace treaty to end their 1950-53 conflict, in a surprise New Year's broadcast on state media.

  • Dollar Steady as Hopes of 'Cliff' Deal Rise Monday, 31 Dec 2012 | 4:33 PM ET

    The dollar rose against most currencies Monday in thin trading and held its gains even after President Barack Obama said a deal was in sight to avert a fiscal disaster.

  • US Clears DNA Firm’s Acquisition by Chinese Monday, 31 Dec 2012 | 11:56 AM ET

    The U.S. has given national security clearance to the purchase of an American DNA sequencing company by a Chinese firm, The New York Times reports.

  • New China Government Won't Alter Monetary Policy Monday, 31 Dec 2012 | 11:08 AM ET

    China will stick to a prudent monetary policy next year and keep consumer prices stable, its outgoing central bank governor, Zhou Xiaochuan, said on Monday.

  • Global Markets Update: EU Shares Flat     Monday, 31 Dec 2012 | 6:11 AM ET

    CNBC's Steve Sedgwick reports on all the market moving events from Europe, as fears over a lack of resolution to the U.S. "fiscal cliff" sent the FTSE 100 lower.

  • The Japanese government plans to spend up to 1 trillion yen ($11.6 billion) to buy machinery and factories from domestic manufacturers in a bid to strengthen Japan industrial competitiveness by providing funds for new corporate investments, the Nikkei business daily said on Monday.

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

    One of hundreds of attacks reported in New Delhi each year, the brutal gang rape and murder of a young medical student in a private bus this month caught authorities and political parties flat-footed, slow to appreciate it had become symbolic of all the others.

  • 'Violent Revolution' If No Reform in China: Academics Sunday, 30 Dec 2012 | 11:26 PM ET

    A prominent group of Chinese academics has warned in a bold open letter that the country risks "violent revolution" if the government does not respond to public pressure and allow long-stalled political reforms.

  • China Factory Sector Strongest Since May 2011: Report Sunday, 30 Dec 2012 | 10:50 PM ET
    Diggers are seen during the Samsung China Semiconductor's groundbreaking ceremony for a new advanced memory fabrication line.

    Activity in China's vast manufacturing sector hit its fastest pace in December since May 2011, a survey of private factory managers showed, with a sub-index for new orders pointing to continued strength in the new year.

  • Sex, Drugs and Rock and Roll; Australia's Other Boom Sunday, 30 Dec 2012 | 10:38 PM ET
    Opera House in Sydney, Australia.

    Forget Australia's mining boom. The nation's strong economy, high currency and wages have made it a magnet for sex, drugs and rock and roll.

  • China Should Cut RRR, Widen Yuan Band in 2013: Report Sunday, 30 Dec 2012 | 10:27 PM ET

    China should cut banks' reserve requirement ratios (RRR) in 2013 to support economic growth while widening the yuan's floating range to make it more flexible, the head of the cabinet's think-tank said in comments published on Monday.

  • Asian stocks have made hefty gains this year despite global economic uncertainty, but in the weeks ahead, analysts warn against a possible pull-back in equities if the U.S. is unable to avert the "fiscal cliff" – a series of tax hikes and spending cuts that could tip the world's largest economy into recession.

  • An Iranian partner of Huawei offered to sell embargoed HP computer equipment to Iran's largest mobile-phone operator, documents show.

  • South Korean inflation eased in December further below the central bank's target, data showed on Monday, reflecting weak demand and giving the Bank of Korea room for more interest rate cuts to spur growth.

  • Copper to Reverse Upward Trend     Sunday, 30 Dec 2012 | 6:40 PM ET

    Ivan Szpakowski, Commodities Analyst at Credit Suisse says that copper prices could reverse its upward trend over the next two years as markets see an oversupply of the metal.

  • Bad China Bets Ruin 2012 for Asia's Star Funds Sunday, 30 Dec 2012 | 6:36 PM ET
    A Chinese investor checks share prices at a security firm in Hefei, east China's Anhui province.

    The Warren Buffetts of the East failed to live up their reputations in 2012, when big-name investment gurus made the wrong calls on China while markets in India and Southeast Asia raced ahead to rank among the top performers globally.

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