Asia-Pacific News


  • Indonesia is latest emerging market whipping boy Monday, 19 Aug 2013 | 5:55 AM ET

    The country's benchmark stock index dropped 5.6% on Monday, its worst sell-off since September 2011 and the rupiah weakened to a more than four-year low against the dollar.

  • Distant bright spot for India's battered rupee? Monday, 19 Aug 2013 | 4:53 AM ET
    India's rupee has plunged to a record lows against the dollar.

    The battered rupee hit another fresh record low on Monday, and although most analysts see further weakness in the coming months, they say the currency's woes are set to ease.

  • Some emerging market stocks seen as 'dirt cheap' Monday, 19 Aug 2013 | 3:45 AM ET

    As funds continue to flee emerging markets, valuations in this asset class are becoming dirt cheap with large cap stocks priced as if they’re "going out of business," said Citi.

  • Australia wasted resources boom: Former minister Monday, 19 Aug 2013 | 2:51 AM ET
    Sydney, Australia

    Former Australian Liberal Party leader John Hewson said Australia had squandered the resources boom by not reforming the tax system.

  • Mobius: Emerging market taper terror ‘overdone' Monday, 19 Aug 2013 | 2:49 AM ET
    Mark Mobius, executive chairman of Templeton Asset Management's Emerging Markets Group.

    Not everyone is convinced the widely anticipated pullback in the U.S. Federal Reserve's bond buying is sounding a death knell for emerging markets.

  • Japan exports rise at fastest pace in 3 years Sunday, 18 Aug 2013 | 10:39 PM ET

    Japan's exports jumped in July from a year earlier at the fastest pace almost three years due to a recovery in overseas demand and support by a weaker yen.

  • Singapore's leader vows to address voter discontent Sunday, 18 Aug 2013 | 7:54 PM ET

    Singapore's PM promised a "strategic shift" in his country's approach to "nation building" as he laid out plans to address widening income disparity and other threats. The FT reports.

  • China's brokerage faces punishment over glitch Sunday, 18 Aug 2013 | 7:48 PM ET

    Everbright Securities faces tough sanctions as it apologized for a glitch in its computer systems that caused a spike of more than 5 percent in domestic stock indexes last week.

  • China's Bo Xilai to stand trial Thursday Sunday, 18 Aug 2013 | 7:19 PM ET
    Former top Chinese politician Bo Xilai

    The trial of senior Chinese politician Bo Xilai will start on Thursday, he will face charges of bribery, corruption and abuse of power.

  • The next US alcohol craze may come from China Sunday, 18 Aug 2013 | 11:00 AM ET
    Workers  package baijiu liquor in China.

    Baijiu, the most popular alcoholic drink you've probably never heard of, could make its way to a liquor store near you soon.

  • JPMorgan hit by bribery probe over Chinese hiring Saturday, 17 Aug 2013 | 10:05 PM ET

    Authorities have opened a bribery investigation into whether JPMorgan Chase hired children of powerful Chinese officials to help the bank win business, the New York Times reports.

  • $1 trillion fraud? Skeptics attack China's GDP Friday, 16 Aug 2013 | 9:01 AM ET
    A worker labors on a residential building under construction in Shanghai, China, on Sunday, June 30, 2013.

    China may be exaggerating the size of its economy by $1 trillion by releasing "willfully fraudulent" inflation and GDP [gross domestic product] data, according to a new study.

  • That 6% rally in China? Blame a trading goof Friday, 16 Aug 2013 | 8:28 AM ET
    The arbitrage system of Everbright Securities Company Limited encountered problems this morning, resulting in the benchmark Shanghai Composite Index climbing 3.19 percent to end the morning trade at 2,148.39 points, a two-month high.

    A mysterious surge in Chinese stocks early Friday evaporated in the afternoon—and it appears likely the entire rally stemmed from a trading mistake.

  • The Indian rupee fell to a record low on Friday as central bank measures to tighten capital outflows and curb gold imports were seen as unlikely to prop up the currency.

  • A currency trader monitors exchange rates in a dealing room at the Korea Exchange Bank in Seoul.

    Net capital outflows from Asia's fourth largest economy - South Korea - is expected to hit a record high this year and the culprit behind the move are not the usual suspects.

  • Magnitude 6.8 earthquake shakes New Zealand Friday, 16 Aug 2013 | 12:34 AM ET
    A view of Wellington city, New Zealand

    An earthquake with a preliminary magnitude of 6.8 struck south of New Zealand's capital, Wellington.

  • BHP may face US anti-corruption action Thursday, 15 Aug 2013 | 10:52 PM ET

    BHP Billiton said U.S. authorities have laid out grounds for possible enforcement action against the top global miner for corrupt practices.

  • Feeling lonely? These (fake) lady laps may help Thursday, 15 Aug 2013 | 10:22 PM ET
    Developer of 'Hizamakura', or lap pillow, Makoto Igarashib.

    Introduced several years ago, the Hizamakura 'Lap Pillow' shaped like a lady's lap is enjoying a surge in popularity again among lonely men in Japan.

  • China's flood of problem loans to stretch bad banks Thursday, 15 Aug 2013 | 8:47 PM ET

    Goldman Sachs economists wanted to bring their global clients up to speed on the risks in China's credit boom.

  • What’s really holding back growth in India Thursday, 15 Aug 2013 | 8:00 AM ET

    India's economic growth slowdown will not last long as the government moves to make foreign investment easier, the country's prime minister said on Thursday.

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