Asia-Pacific News


  • Fonterra slapped with China fine for pricing practices Tuesday, 6 Aug 2013 | 10:32 PM ET

    New Zealand-based Fonterra Co-operative said on Wednesday it had been fined NZ$900,000 ($705,000) by China's top economic planning agency.

  • Nuclear body declares 'emergency' at Fukushima Tuesday, 6 Aug 2013 | 10:24 PM ET
    One of Tokyo Electric Power's (TEPCO) nuclear power plants.

    Abe is expected to call for a stronger response to try to stop highly radioactive water leaking into the ocean from the Fukushima nuclear plant, the Nikkei newspaper reported.

  • China tourism set for boom like Japan in the '80s Tuesday, 6 Aug 2013 | 9:37 PM ET

    Chinese travelers make up a sizeable group of consumers and talk of a slowdown in the world's second largest economy could make countries dependent on China tourism receipts nervous.

  • LinkedIn's strategy for Asia Tuesday, 6 Aug 2013 | 9:20 PM ET

    Hari Krishnan, MD of APAC & Japan, LinkedIn, identifies expanding it's member base in Asia as the networking website's top priorities this quarter.

  • Loeb to 'wait and see' after Sony nixes spin-off Tuesday, 6 Aug 2013 | 12:01 PM ET
    Daniel Loeb, founder and chief executive officer of Third Point LLC

    Billionaire investor Dan Loeb's Third Point is taking a "wait-and-see approach" after Sony on Monday evening rejected its plan to spin off the company's entertainment business.

  • Is China heading for a fall? Just look to the skies Tuesday, 6 Aug 2013 | 7:36 AM ET
    A view of the under-construction Shanghai Tower

    The near-completion of the Shanghai Tower and the beginning of work on the world's tallest building in Changsha could be clear signs that the Chinese economy is heading for a fall.

  • Raghuram Rajan: India's next central bank governor Tuesday, 6 Aug 2013 | 7:36 AM ET

    India named Raghuram Rajan, a former IMF chief economist who in 2005 predicted the global financial crisis, to lead its central bank as the country struggles to defend a rupee that hit a record low on Tuesday.

  • Why keeping up with the Joneses just got tougher Tuesday, 6 Aug 2013 | 6:00 AM ET
    A shopper in Shanghai

    Emerging middle class-consumers in countries such as India and China are pushing up prices for everything from food to diamonds.

  • Should Kuroda be more like Draghi? Tuesday, 6 Aug 2013 | 4:25 AM ET

    Most analysts expect no change to BOJ monetary policy this week, but governor Haruhiko Kuroda's style of communication could come under scrutiny, according to one analyst.

  • Asia-focused bank Standard Chartered took a $1 billion hit on the value of its Korean business on Tuesday, pulling its first half profits down nearly 16 percent from a year ago.

  • Why the Australian dollar trade is a 'simple short' Tuesday, 6 Aug 2013 | 3:42 AM ET

    According to technical analysis, there is simply no reason to hold the Australian dollar. Chartist Daryl Guppy explains.

  • Sony to Dan Loeb: Thanks, but no thanks Tuesday, 6 Aug 2013 | 2:00 AM ET

    Sony has rejected Dan Loeb's call to spin off its entertainment business, the company said on Tuesday.

  • Activity in BRICs shrinks for first time in 4 years Monday, 5 Aug 2013 | 11:58 PM ET

    Manufacturing activity in emerging markets fell to a post-financial crisis low in July as output contracted in its four largest economies for the first time since March 2009, says HSBC.

  • A satellite image of the Fukushima Nuclear Reactor following concerns over a build-up of radioactive ground water.

    Highly radioactive water seeping into the ocean from Japan's crippled Fukushima nuclear plant is creating an "emergency," the country's nuclear watchdog said on Monday.

  • Sales tax hike will hurt Japan but must happen: IMF Monday, 5 Aug 2013 | 11:30 PM ET

    Japan's upcoming consumption tax hike will hurt growth, but it's a necessary sacrifice, said Jerry Schiff, mission chief for Japan at the International Monetary Fund.

  • Gold miners: we aren't in ‘dire straits’ Monday, 5 Aug 2013 | 11:12 PM ET

    The recent crash in gold prices has triggered concerns over the future of the bullion market, but mining executives in Australia insist that the industry is not in "dire straits."

  • Australia interest rates to go lower, for longer Monday, 5 Aug 2013 | 8:44 PM ET
    Sydney, Australia

    The Reserve Bank of Australia (RBA) holds its August policy meeting on Tuesday and is considered almost certain to cut rates a quarter point to 2.5 percent.

  • HSBC shares tumble as profit disappoints Monday, 5 Aug 2013 | 1:13 PM ET

    HSBC, one of the world's largest banks, suffered a hit to its share price on Monday morning after posting disappointing results.

  • Why emerging markets could sell off again Monday, 5 Aug 2013 | 10:14 AM ET

    The risk that the Federal Reserve starts winding down its asset purchases sooner rather than later could spark another emerging market sell-off, analysts told CNBC, with some countries better placed to deal with higher real U.S. interest rates than others.

  • Is China starting a new era of corporate crackdown? Monday, 5 Aug 2013 | 10:06 AM ET
    GlaxoSmithKline Shanghai headquarters

    High-profile actions against Western companies in China in recent months suggest the world's second-biggest economy is starting a new era of toughness on corruption.

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