Asia-Pacific News


  • General Motors plans pullout from South Korea Sunday, 11 Aug 2013 | 8:46 PM ET
    General Motors (GM) Chevrolet automobiles in Incheon, South Korea.

    General Motors Co. has begun cutting its presence in South Korea after mounting labor costs and militant unionism triggered a rethink of its reliance on the country.

  • Japan misses growth forecast in the second quarter Sunday, 11 Aug 2013 | 7:56 PM ET

    Japan's economy logged a third quarter of growth in the April to June quarter, but the increase was much smaller than expected.

  • Twitter counters Murdoch in heated Aussie election Sunday, 11 Aug 2013 | 7:13 AM ET

    Rupert Murdoch's crusade to oust Kevin Rudd in Australia's general election has given rise to a heated social media campaign inside a campaign, as Twitter, Facebook and other digital platforms become the weapons used by some to try to outflank Murdoch's "old media".

  • China investigates Sanofi for alleged bribery Saturday, 10 Aug 2013 | 6:55 AM ET

    China has started investigating French drugmaker Sanofi for allegedly bribing more than 500 Chinese doctors with about 1.7 million yuan ($277,600) of payments to raise sales, China's Xinhua state news agency said on Saturday.

  • Japan's growth chugs along, thanks to consumers Friday, 9 Aug 2013 | 3:26 AM ET
    Shoppers and tourists walk through a shopping street in front of the Sensoji temple in Tokyo, Japan, on Thursday, Aug. 8, 2013.

    The rapid growth that Japan experienced in the first quarter of this year likely continued into the second quarter on strong consumer spending even as the pace of recovery slowed, say economists.

  • China data blitz points to stabilizing economy Friday, 9 Aug 2013 | 2:00 AM ET

    A flurry of data out of China on Friday broadly painted an upbeat picture of the world's second largest economy, which appears to be stabilizing after two years of slowing growth.

  • Product ban? Samsung won't be sweating it Friday, 9 Aug 2013 | 1:14 AM ET

    A victory for Apple at Friday's International Trade Commission ruling is likely to have little impact on Samsung Electronics' market share and stock performance, according to industry experts.

  • How you can trade this hotly-contested election Friday, 9 Aug 2013 | 12:32 AM ET

    As Australia faces the most hotly-contested federal election in recent memory, markets are looking to position their trades ahead of a vote that could end of years of a minority government.

  • The battered Aussie dollar is a popular short for currency traders at the moment, but one economist says the market has got it wrong and the Aussie is, in fact, a 'screaming buy.'

  • The quiet evolution of the Singapore consumer Friday, 9 Aug 2013 | 12:00 AM ET

    Singapore’s affluent and well-traveled consumers are helping shape new shopping trends in the city-state, analysts say.

  • Investors brace for more China data Thursday, 8 Aug 2013 | 8:05 PM ET

    Investors look to a batch of Chinese data for evidence that a strong bounce in July trade was not a fluke and that the economy is stabilizing after two years of slowing growth.

  • The mysterious Asian middleman behind your clothes Thursday, 8 Aug 2013 | 2:22 PM ET
    Demonstrators stand outside of the Li Fung tower in Hong Kong as they protest over what they say are unpaid wages owed to textile workers in Turkey by Li and Fung and garment brand Esprit.

    Li & Fung has long been on the cutting edge of globalization, chasing cheap labor to garment factories first in China, then elsewhere in Asia, including Bangladesh.

  • Like in cricket, Australia's dollar has lost its edge Thursday, 8 Aug 2013 | 8:59 AM ET
    Michael Clarke (R) and Steve Smith of Australia look dejected after failing to take a catch during an Ashes Test.

    It was not so long ago that the Australian cricket team appeared invincible - and its economy looked just as strong. Not any more.

  • China drug sector probe widens as Novo site visited Thursday, 8 Aug 2013 | 6:07 AM ET

    Chinese authorities have visited a site operated by Danish drugmaker Novo Nordisk, the latest evidence of a widening investigation into Western drugmakers.

  • India swoons, and investors should stay alert Thursday, 8 Aug 2013 | 6:00 AM ET

    The broad-based selloff in emerging markets has pushed the Indian currency into free fall, underscoring the need for investors to tread cautiously.

  • BRIC growth honeymoon is over: OECD Thursday, 8 Aug 2013 | 5:59 AM ET
    Construction workers watch as the final steel beam is put in place for the topping out of the Shanghai Tower.

    Brazil, Russia, India and China are showing worrying signs of a decline in economic growth, while the U.S. and U.K. area are in far better shape.

  • China's trade data surge past expectations Thursday, 8 Aug 2013 | 2:00 AM ET

    China posted stronger-than-expected trade figures on Thursday, the latest in a string of upbeat data and raising hopes that the world's second biggest economy may be stabilizing.

  • Is the best trade of 2013 losing its luster? Thursday, 8 Aug 2013 | 2:00 AM ET

    Betting on yen weakness has been touted as the trade of the year, but analysts are starting to question if the popular wager is losing its luster.

  • Rio Tinto to hang on to loss-making aluminium arm Thursday, 8 Aug 2013 | 1:40 AM ET
    A mine worker looks at a train loader at Rio Tinto Group's West Angelas iron ore mine in Pilbara, Australia.

    Global miner Rio Tinto signaled it has given up hope of ditching its Pacific Aluminium business, as it reported an 18 percent drop in first-half underlying earnings.

  • Why the Bank of Japan is right to stay 'passive' Thursday, 8 Aug 2013 | 12:11 AM ET

    By refraining from adding further to its unprecedented monetary stimulus, the Bank of Japan (BOJ) has signaled increasing confidence in the nation's economic recovery, analysts told CNBC.

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