Asia-Pacific News


  • Hawkish minutes won’t change Aussie’s downtrend Monday, 15 Jul 2013 | 11:50 PM ET

    While the Aussie surged after the RBA minutes lowered expectations of further rate cuts, the longer-term downtrend in the commodity currency is still in place, says an expert.

  • A crackdown in China aimed at curbing distorted credit growth has triggered growing demand for the use of commodities as collateral to raise cash.

  • Australia moves to scrap carbon tax scheme Monday, 15 Jul 2013 | 11:02 PM ET

    Australia's government moved on Tuesday to scrap its carbon tax and bring forward an emissions trading scheme a year earlier than planned.

  • Chinese court releases mom from prison labor camp Monday, 15 Jul 2013 | 8:18 PM ET
    A Chinese court awarded damages Tang Hui, the mother of a rape victim, after she was sent to a labour camp for demanding her daughter's attackers be punished.

    A mom sent to a prison labor camp for speaking out against local officials has been released by a Hunan court. The Christian Science Monitor reports.

  • Why China's slowdown spells trouble for Europe Monday, 15 Jul 2013 | 11:03 AM ET
    Port Of Hamburg

    China's growth data may have been welcomed with a sigh of relief by markets, but it is unlikely to reassure Europe's powerhouse Germany.

  • Asiana to sue TV station over offensive fake names Monday, 15 Jul 2013 | 7:53 AM ET
    National Transportation Safety Board investigators examine the landing gear of Asiana Airlines flight 214 following yesterday's crash, on July 7, 2013 in San Francisco, California.

    Asiana says it will sue a California television station that mistakenly aired fake, racially offensive names for the pilots of the flight that crashed in San Francisco.

  • Fuzzy numbers? Real China growth only half: Expert Monday, 15 Jul 2013 | 7:43 AM ET
    A shopper counts Chinese yuan banknotes as he shops for fruit and vegetables at a market in Shanghai, China.

    The official economic numbers that China released Monday are dramatically over-estimating growth there, the author of "The Coming Collapse of China" tells CNBC.

  • Watch out: China's growth could fall to 4-5% by 2020 Monday, 15 Jul 2013 | 6:00 AM ET
    A traffic jam in Beijing, China

    China's economy will continue to slow, a number of high profile analysts said on Monday, forecasting that growth could fall to as low as 4-to-5 percent by the end of the decade.

  • Does Nissan risk losing business in 'Datsun' move? Monday, 15 Jul 2013 | 4:32 AM ET

    Nissan's move to drop its brand name in the cheaper car segment is garnering mixed reaction from analysts who say the carmaker could lose buyers with the unfamiliar 'Datsun' label.

  • China's economy slows for second straight quarter Monday, 15 Jul 2013 | 3:09 AM ET

    China's economic growth in the second quarter of the year may not have slowed as much as some had feared, but a large degree of uncertainty about the outlook for the world's second biggest economy remains, strategists say.

  • China, Bernanke in focus for Asia markets Monday, 15 Jul 2013 | 1:37 AM ET

    For Asian markets this week, the direction of the Chinese economy and the Federal Reserve's monetary policy are likely to remain the key focal points.

  • Why aren't markets rallying over China's GDP? Monday, 15 Jul 2013 | 1:28 AM ET

    China's highly anticipated second quarter gross domestic product (GDP) data allayed some fears over a sharp growth deceleration, yet cheer was limited in Asian markets on Monday.

  • Mystery illness stalks the young in India Monday, 15 Jul 2013 | 12:39 AM ET

    Doctors in India work to calm the convulsions and keep the children hydrated, but then have to watch helplessly as their young patients die. The New York Times reports.

  • China police say Glaxo broke law, execs detained Sunday, 14 Jul 2013 | 10:54 PM ET

    British drugmaker GlaxoSmithKline used travel agencies and consultancies to bribe officials and doctors and illegally boosted the sales prices of its drugs sold in China.

  • Will a job market scare push Beijing to act? Sunday, 14 Jul 2013 | 10:47 PM ET

    A slowdown in China's job market is a major risk factor for policymakers, and economists say this could lead them to boost growth if there are further signs of deterioration.

  • Thrift trumps as Japan shoppers stick to bargains Sunday, 14 Jul 2013 | 9:45 PM ET

    "Abenomics" hinges on a pick-up in consumer spending, but eight months after its launch, it has yet to convince many Japanese to part with their thrifty ways.

  • Foreign firms in China feel sting amid slowdown Sunday, 14 Jul 2013 | 9:41 PM ET
    Shopping district in Beijing, China

    China's vast market for foreign goods and services, once seen by global companies as a modern-day El Dorado, is becoming a weight around their necks as its growth slows.

  • How alarming is Singapore's soaring household debt? Sunday, 14 Jul 2013 | 9:16 PM ET

    Singapore has seen soaring household debt levels in recent years as low interest rates have led to a borrowing spree, prompting the government to step in to curb demand.

  • Pros: Emerging markets look cheap, but still risky Sunday, 14 Jul 2013 | 7:00 AM ET
    An investor watches the electronic board at a stock exchange hall in Hefei, China.

    Don't be tempted by cheap emerging market valuations just yet, say strategists: The short term is still fraught with danger.

  • Nissan goes on a cheap-car push in India Sunday, 14 Jul 2013 | 2:17 AM ET

    Nissan Motor takes the veil off the first car in its resurrected Datsun brand in New Delhi on Monday, part of a foray by the Japanese auto maker into cheap cars for emerging markets.

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