Asia-Pacific News


  • Indonesian currency traders are hoping they won't have to retreat to rest rooms to swap market gossip, now that Bank Indonesia has started to relax its tight grip on the rupiah.

  • China slowdown digs a hole for US industrials Sunday, 28 Jul 2013 | 9:00 AM ET

    As policymakers look to shift from an economy based on rapid credit expansion and heavy infrastructure investment to one based on consumer demand, miners and their suppliers have had to adjust.

  • China orders audit of government debt Sunday, 28 Jul 2013 | 5:01 AM ET
    Beijing, China.

    China's National Audit Office will conduct an audit of all government debt at the request of China's State Council or cabinet, it said in a statement on Sunday.

  • More bad news for China? Factory profit growth eases Saturday, 27 Jul 2013 | 8:09 AM ET

    Profits earned by Chinese industrial firms rose 6.3 percent in June from a year earlier to 502.4 billion yuan ($81.9 billion), easing from a year-on-year growth of 15.5 percent in May, the National Bureau of Statistics said.

  • China detains 18 more in Glaxo probe: reports Saturday, 27 Jul 2013 | 6:22 AM ET
    GlaxoSmithKline Shanghai headquarters

    At least 18 more people have been detained in China in connection with a corruption scandal involving GlaxoSmithKline, state media reported.

  • China, EU settle biggest-ever trade dispute Saturday, 27 Jul 2013 | 4:43 AM ET
    A container ship berths in Qingdao port, east China's Shandong province.

    The European Commission said on Saturday it had agreed a deal to resolve a dispute over alleged Chinese dumping of solar panels in Europe.

  • Samsung tops Apple amid calls for low-cost iPhone Friday, 26 Jul 2013 | 8:02 AM ET
    A Samsung Galaxy S4 and an Apple iPhone 5

    Samsung has taken Apple's crown as the world's most profitable mobile handset vendor, according to new research, as analysts called on Apple to release a low-cost version of the iPhone to boost its global growth.

  • Data, central banks in focus for Asia this week Friday, 26 Jul 2013 | 4:20 AM ET
    Nissan Plant, Japan

    Asia's financial markets have plenty to chew over this week in the form of economic releases from Japan and China, the region's two biggest economies, not to mention a central bank meeting in India.

  • An 'emerging' threat to Samsung, and it's not Apple Friday, 26 Jul 2013 | 2:08 AM ET

    Samsung, hit by waning demand in its key mobile division, needs to double up efforts in the world's fastest-growing markets for smartphones, or it risks shrinking its business further.

  • China's congress

    A series of seemingly unrelated corruption scandals in China all share a common thread that has got the political class in Beijing very excited. The Financial Times reports.

  • Chinese search for infant formula goes global Friday, 26 Jul 2013 | 12:49 AM ET

    Chinese buying up milk powder wherever they can get it has led to shortages around the world. This is a reminder of their rising safety concerns — can have huge impacts on goods.

  • Is a big China currency move in the works? Friday, 26 Jul 2013 | 12:28 AM ET

    Not for the first time this year, talk that China could widen the trading band for the yuan is doing the rounds with some analysts saying a move could come as early as this weekend.

  • A nod to Abenomics: Japan inflation speeds up Thursday, 25 Jul 2013 | 8:14 PM ET
    Shubiya district, Tokyo, Japan

    Japanese consumer prices rose in June at their highest annual pace since November 2008, a sign perhaps that the BOJ is slowly winning its fight against two decades of deflation.

  • Samsung profit up 50%, but mobile biz shrinks Thursday, 25 Jul 2013 | 8:08 PM ET

    The world's biggest smartphone maker, reported a second quarter net profit that jumped 50 percent from a year earlier, but its mobile business shrank, underscoring concerns about flagging growth in the division.

  • Aussie dollar back to its job as ‘shock absorber’ Thursday, 25 Jul 2013 | 4:31 AM ET

    The Aussie's stubborn strength early 2013 provided a hindrance to the economy, but recent declines show the currency once again fulfilling its role as a "shock absorber."

  • Slowdown in Emerging Asia may have hit bottom Thursday, 25 Jul 2013 | 2:12 AM ET
    Shoppers walk in the Myungdong shopping district in Seoul, South Korea.

    Economic growth in emerging Asian countries, which have slowed sharply since the start of the year, may have bottomed out with signs of a turnaround under way, economists say.

  • The trade that has plenty of ‘juice’ in it Thursday, 25 Jul 2013 | 2:09 AM ET

    Strategists say that the New Zealand dollar it is the one to watch amid talk that the country could be the first in the developed world to tighten monetary policy.

  • China's once-powerful politician charged for corruption Thursday, 25 Jul 2013 | 1:38 AM ET
    Former senior Chinese politician Bo Xilai

    China charged senior politician Bo Xilai with bribery, abuse of power and corruption on Thursday, paving the way for a trial that is seen by many as a test for legal reform.

  • Is the Japanese foreign bond binge finally under way? Wednesday, 24 Jul 2013 | 11:49 PM ET

    Japanese investors snapped up foreign bonds for a third straight week last week and analysts say that the long-awaited trend may be finally under way.

  • What if China lands hard? SocGen outlines the scenario Wednesday, 24 Jul 2013 | 11:21 PM ET

    Investment bank Societe Generale (SocGen) has warned that investors are getting complacent about the likelihood of a China hard landing this year.

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