Asia-Pacific News


  • Hanlong Faces Deadline for $1.4 Billion Sundance Bid Monday, 25 Mar 2013 | 10:42 PM ET

    Australia's Sundance Resources said its suitor Hanlong would fail to meet a deadline on Tuesday to supply credit approval for its long-delayed $1.4 billion takeover offer.

  • BOJ's Kuroda to Target Longer-Dated Bonds Monday, 25 Mar 2013 | 10:12 PM ET

    Bank of Japan Governor Haruhiko Kuroda said the central bank will seek to push down yields across the curve by purchasing longer-dated government bonds, underscoring its resolve to aggressively beat deflation.

  • South Korea Revises Down Fourth Quarter Growth Monday, 25 Mar 2013 | 9:40 PM ET
    Seoul, South Korea

    South Korea's economy grew a seasonally adjusted 0.3 percent in the October-December period from the previous quarter and by 1.5 percent from a year before, revised data showed on Tuesday.

  • A Change of Fortune for Foxconn?     Monday, 25 Mar 2013 | 8:50 PM ET
    Chinese workers in the Foxconn factory in Shenzhen, in southern China's Guangdong province.

    As Apple's sales outlook slows down, what happens to the tech giant's suppliers? CNBC's Eunice Yoon has more.

  • Asia's Top Investor in Africa? Not China Monday, 25 Mar 2013 | 7:34 PM ET

    A smaller Asian country is ahead of China in terms of the size of its direct foreign investment into Africa and the gap is widening, according to United Nations data published Monday.

  • Dreamliner Takes To Sky in First Flight Check Monday, 25 Mar 2013 | 5:19 PM ET
    Boeing's 787 on its test flight

    A Boeing 787 Dreamliner took to the sky on Monday in the first of two flights aimed at showing that the plane's new lithium-ion battery system meets regulatory safety standards.

  • Yuan at Record High but Major Appreciation Unlikely Monday, 25 Mar 2013 | 4:31 AM ET
    Chinese Yuan

    China's yuan hit a record high on Monday after the central bank set a firmer midpoint in response to hopes that Cyprus will avoid a banking crisis, but traders remained cautious about betting on further appreciation.

  • Singapore

    Singapore's consumer price index rose by a stronger-than-expected 4.9 percent in February from a year earlier, mainly because of a spike in private road transport costs.

  • Former Woodside Adviser Joins Australia's Cabinet Monday, 25 Mar 2013 | 1:16 AM ET
    Gary Gray; Diosdado Engono Bengono

    Australia's prime minister appointed Gary Gray, a former adviser to the country's largest oil and gas firm Woodside Petroleum, as resources minister on Monday.

  • In an exclusive interview, CNBC's Julia Chatterley asked Cypriot Finance Minister Michael Sarris what the island's bailout deal means for Russia.

  • China's 'Internationalization' Won't Be Painless: WTO Sunday, 24 Mar 2013 | 10:48 PM ET
    World Trade Organization Director-General Pascal Lamy.

    The full globalization of the Chinese economy will not be painless Pascal Lamy, director general of the World Trade Organization, tells CNBC.

  • Japan Needs Neighbor’s Love, Not Cheap Money Sunday, 24 Mar 2013 | 9:52 PM ET
    Tokyo, Japan

    There is a much simpler and faster way for Japan to stimulate economic growth. Economist Michael Ivanovitch tells you what that is.

  • The End of Indian IT Staffing as We Know It Sunday, 24 Mar 2013 | 7:56 PM ET

    India's IT outsourcers are promoting "mini CEOs" capable of running businesses on their own, while trimming down on the entry-level computer coders they normally hire.

  • Hurting at Home, China's Li Ning Courts US Glitz Sunday, 24 Mar 2013 | 9:02 AM ET
    i Ning shoes are on display at their flagship store in Beijing, China

    Li Ning, which is expected to report a net loss of close to $177 million on Monday, is hoping to turn its fortunes around by taking on endorsement deals with U.S. NBA stars.

  • Top China College Linked to Cyber-Spying Unit Sunday, 24 Mar 2013 | 2:04 AM ET

    Faculty members at a top Chinese university have collaborated for years on technical research papers with a People's Liberation Army (PLA) unit accused of being at the heart of China's alleged cyber-war against Western commercial targets.

  • In Moscow, Chinese Leader Warns Against Meddling Sunday, 24 Mar 2013 | 12:05 AM ET
    Chinese President Xi Jinping and Russian President Vladimir Putin

    Chinese President Xi Jinping warned against foreign interference in other nations' affairs during a speech in Moscow, sending a signal to the West and echoing a message often repeated by Russian President Vladimir Putin.

  • Oil's Gains on Cyprus Deal Seen Short-Lived Sunday, 24 Mar 2013 | 12:02 AM ET

    Benchmark oil prices gained early Monday, reflecting a broader "relief rally" in risk assets, after details emerged that Cyprus had struck the basis of a bailout deal with international lenders.

  • China's Glamorous First Lady an Instant Internet Hit Saturday, 23 Mar 2013 | 3:00 AM ET
    Chinese President Xi Jinping and his wife Peng Liyuan get off the plane at Vnukovo airport outside Moscow on Friday.

    Stepping off the aircraft in Moscow with her husband, China's new first lady, Peng Liyuan, stepped into the international limelight and became an instant internet sensation back home.

  • Rating Agencies 'Behind the Curve' on Philippines Friday, 22 Mar 2013 | 4:32 AM ET

    One of Southeast Asia's fastest growing economies - the Philippines - got a ratings upgrade last year, but its finance secretary Cesar Purisima told CNBC the agencies were still "behind the curve" and the Philippines deserved a higher credit rating.

  • Are Markets Too Complacent Over Cyprus? Friday, 22 Mar 2013 | 2:01 AM ET
    Cypriot protestors

    Markets have held up relatively well this week in the face of financial turmoil in Cyprus, prompting some analysts to warn that investors are too complacent about the risks.

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