Asia-Pacific News


  • Chinese on the Hunt for Trophy US Properties Tuesday, 25 Jun 2013 | 10:53 PM ET
    The General Motors (GM) building in New York

    First, it was the Japanese who blew into the U.S. to buy famous pieces of landscape. Now another set of deep-pocketed foreign buyers is pushing ever deeper. The NYT reports.

  • Snowden to Damage US-China Ties: Former CIA Chief Tuesday, 25 Jun 2013 | 10:33 PM ET
    Edward Snowden

    Former director of the U.S. Central Intelligence Agency (CIA) has said the fallout from the Edward Snowden case could be extremely damaging to U.S.-China relations.

  • Even the Resilient Yuan Is Feeling China's Pain Tuesday, 25 Jun 2013 | 9:04 PM ET

    The buoyant currency has fallen to its lowest level in more than a month, finally succumbing to jitters about signs of weakness in the economy.

  • Banks in Singapore Struggling to Replace Lost Traders Tuesday, 25 Jun 2013 | 7:51 PM ET
    Singapore's business district skyline at dusk

    Tougher regulation mean banks in Singapore are struggling to replace the 100 traders who left the market during a rate-fixing probe.

  • As Prices Soar, Chinese Find Comfort in Cheap Grub Tuesday, 25 Jun 2013 | 7:34 PM ET

    The average wage slave in Shanghai may find it harder than ever to get a job or pay rent, but when it comes to cheap grub, the government is there for them. The FT reports.

  • Luxe Housing Braces for Emerging-Market Fallout Tuesday, 25 Jun 2013 | 1:06 PM ET
    A model apartment unit in Miami.

    Troubles in emerging markets could stretch to the luxury apartment markets in New York City and Miami. But only if you're a single-digit millionaire.

  • US Boss in China Says Workers Holding Him Hostage Tuesday, 25 Jun 2013 | 12:00 PM ET
    U.S. businessman Chip Starnes stands behind the bars of his office window in Huairou, China, on June 25, 2013. He says he has been held hostage for five days over a wage dispute.

    An American businessman in China says workers at his factory are holding him hostage in a dispute over money.

  • O'Neill vs. Faber on China Tuesday, 25 Jun 2013 | 7:21 AM ET

    Market veterans Marc Faber and Jim O'Neill — known as Dr. Doom and Mr. BRIC respectively — posted opposite views when asked if the Chinese liquidity crunch was real.

  • Samsung in Talks to Settle EU Antitrust Case Tuesday, 25 Jun 2013 | 6:21 AM ET

    Samsung Electronics is in early talks with the EU antitrust regulator to settle charges that it abused its market position by barring Apple from using an essential mobile phone patent. The talks come after the European Commission told Samsung it was acting unfairly by seeking injunctions against Apple.

  • Bank Outages Exacerbate China's Credit Crunch Tuesday, 25 Jun 2013 | 3:19 AM ET

    System outages at several Chinese banks have exacerbated concerns amongst the public about a credit crunch, after the central bank tightened the availability of funds.

  • Meltdown in China Stocks About to Get Worse? Tuesday, 25 Jun 2013 | 3:04 AM ET

    The Shanghai Composite may have erased most of Tuesday's steep losses by the end of the session, but analysts say there is more pain to come.

  • China Bears Return With Vengeance Tuesday, 25 Jun 2013 | 2:25 AM ET

    Less than a week after talk of tapering of U.S. monetary stimulus rattled markets, worries about a credit crunch in China suggest risk appetite may take time to return.

  • Is China Right to Brush Aside Credit Squeeze? Monday, 24 Jun 2013 | 11:15 PM ET

    China's central bank is right to stand its ground even as its decision to tolerate a credit squeeze that raises the prospect of slower growth in the world's second biggest economy rattles markets, strategists told CNBC.

  • China Cash Crunch Already Being Felt on the Ground Monday, 24 Jun 2013 | 11:00 PM ET

    There are some signs of distress among Chinese firms because of tighter liquidity conditions, according to one survey.

  • Indonesia President on Hazardous Smog: I'm Sorry Monday, 24 Jun 2013 | 9:41 PM ET
    Singapore city skyline filled with smog. The Pollution Standard Index (PSI) hit a record high of 400 on Friday, in the hazardous range.

    Indonesia's president has apologized for the forest fires that have blanketed Singapore and Malaysia with thick smog in Southeast Asia's worst air pollution crisis in 16 years.

  • Chinese No Longer Hot for Hong Kong Property Monday, 24 Jun 2013 | 8:49 PM ET

    Cash-rich mainland Chinese, have fled Hong Kong's real estate market, scared off by cooling measures that have sent them scouring overseas for better options.

  • US Lashes Out at China as Snowden Stays Free Monday, 24 Jun 2013 | 8:01 PM ET
    Protesters in Hong Kong hold placards during a rally in support of Edward Snowden.

    The White House issued a blistering criticism of China over its decision to let Snowden leave Hong Kong, as his whereabouts remained uncertain. The Financial Times reports.

  • A sale pending sign is posted in front of a home for sale in San Francisco, California.

    Japan's public pension fund of $1.1 trillion may start buying real estate to boost returns in a move that could involve tens of billions pouring into cities such as London and Paris, property consultant CBRE said.

  • Mobius: China's Problems as Big as US Subprime Monday, 24 Jun 2013 | 7:04 AM ET
    Mark Mobius

    While China's housing market problems are similar in scale to those faced during the U.S. subprime mortgage bubble and its banks are rife with bad loans, it won't lead to another Lehman-style crash, Mark Mobius told CNBC.

  • Crumbling Aussie—Why Economists Aren't Worried Monday, 24 Jun 2013 | 4:35 AM ET

    As the rout in the Australian dollar continues, economists say that further pressure on the currency is good news for the economy, which has been held back by its strength.

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