Asia-Pacific News


  • China blocks Glaxo finance head from leaving Wednesday, 17 Jul 2013 | 12:07 PM ET
    GlaxoSmithKline Shanghai headquarters

    China is barring a GlaxoSmithKline executive from leaving the country amid a widening $490 bribery scandal ensaring the drug giant.

  • Richard Perry: Japanese bonds are the new subprime Wednesday, 17 Jul 2013 | 10:09 AM ET

    Japan's corporate bond buyers aren't doing the credit work. They're just relying on ratings agencies, hedge fund manager Richard Perry says.

  • The long game: Why a China slowdown isn't scary Wednesday, 17 Jul 2013 | 9:10 AM ET

    The figures haven't been kind to China lately. Gone are the days of double digit growth, trade data have weakened, credit markets have overheated and fears of a housing bubble remain. But despite the bearish headlines, the long-term picture for China looks quite good and a slowdown might actually be healthy, according to HSBC.

  • China bubble to end commodities supercycle: Chanos Wednesday, 17 Jul 2013 | 8:11 AM ET

    The credit bubble in China is "world-class" and it's getting "worse and worse and worse," hedge fund manager Jim Chanos tells CNBC.

  • China June FDI rises at fastest pace in years Wednesday, 17 Jul 2013 | 3:25 AM ET

    FDI in China in June jumped 20.12 percent from a year ago, the quickest gain since March 2011, showing that investors are still confident about the economy even as growth slows.

  • China ups US Treasury holdings to record high Wednesday, 17 Jul 2013 | 2:24 AM ET
    U.S. Treasury Building

    China's holdings of U.S. Treasurys climbed to a record high in May despite a broad selloff in the country's government debt.

  • Japan's commercial property sales soar Wednesday, 17 Jul 2013 | 12:56 AM ET

    Commercial real estate investment in Japan spiked 78 percent in the second quarter, a sign that the impact of the government's radical reflating policies is gaining traction.

  • Chinese job seekers don't seem bothered by slowdown Wednesday, 17 Jul 2013 | 12:25 AM ET
    Young jobseekers in China

    China's economy may be headed for a bumpy ride as growth slows, but that hasn't dented the confidence of job seekers who remain optimistic about job prospects, a new survey shows.

  • China's quest to promote the yuan as a global currency still faces headwinds, with many firms abroad still resistant to using the Chinese currency, a new report shows.

  • Billabong shares worth the risk     Tuesday, 16 Jul 2013 | 11:44 PM ET

    Charles Leyland, Managing Director of Leyland Private Asset Management says the refinancing deal Billabong made with Altamont puts the surfwear retailer in a good position.

  • China's Shuanghui International Holdings, which has agreed to buy U.S. pork producer Smithfield Foods Inc., plans to list the combined company in Hong Kong after completing the takeover.

  • BHP Billiton reports record iron ore output Tuesday, 16 Jul 2013 | 8:34 PM ET

    BHP said expansion of its iron ore operations in Australia was ahead of schedule, as the miner posted a robust 9 percent rise in ore output to a record annual 187 million tonnes.

  • Fate of yen hinges on Japan’s weekend elections Tuesday, 16 Jul 2013 | 4:32 AM ET

    The fate of the volatile yen, which has kept markets captivated all year, hinges on the crucial upper house elections this Sunday.

  • What slowdown? China's property sector is booming Tuesday, 16 Jul 2013 | 4:20 AM ET

    China's second quarter growth data confirmed a continued slowdown, but Citi expects the country's property developers to outperform the market in the second half of the year.

  • Red flags for Singapore economy as exports slump Tuesday, 16 Jul 2013 | 3:52 AM ET
    Singapore's business district skyline at dusk

    Exports in Southeast Asian nation Singapore continued to slump in June, contracting well below expectations and economists say this could weigh on economic growth in this year.

  • Chinese Prime Minister Li Keqiang

    China's Premier Li Keqiang is likely to unveil measures in coming months to prevent growth in the world's second largest economy from falling too sharply.

  • Central bank takes steps to curb rupee decline Tuesday, 16 Jul 2013 | 1:17 AM ET
    Indian Rupees

    India's central bank announced measures late on Monday to curb the rupee's decline by tightening liquidity and making it costlier for banks to access funds from the central bank.

  • McDonald’s to bring Big Mac to Vietnam Tuesday, 16 Jul 2013 | 12:36 AM ET

    Vietnam is finally set to get its first taste of the Big Mac after US burger chain McDonald's said it would open its first outlet early next year. The Financial Times reports.

  • Baidu to buy Chinese app store for $1.9 billion Tuesday, 16 Jul 2013 | 12:04 AM ET

    Baidu, China's top search engine, plans to acquire app store 91 Wireless for $1.9 billion to strengthen its foothold in the country's highly competitive mobile computing sector.

  • 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.

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