Asia-Pacific News


  • Kyle Bass Bets on Full-Blown Japan Crisis Tuesday, 21 May 2013 | 9:02 PM ET
    Shubiya district, Tokyo, Japan

    Kyle Bass hopes he is wrong, and so may everyone else, as the danger predicted by the founder of Dallas-based Hayman Capital is nothing less than a full blown financial crisis in Japan. The Financial Times reports.

  • China's Bird Flu Outbreak Cost $6.5 Billion Tuesday, 21 May 2013 | 7:48 PM ET
    Chickens at a poultry farm in Liaocheng, China

    The H7N9 virus appears to have been brought under control in China largely due to restrictions at bird markets, but caused some $6.5 billion in losses to the economyy.

  • Is Sony 'Un-Japanese' Enough to Change? Tuesday, 21 May 2013 | 7:26 PM ET

    Sony shareholders will be able to gauge CEO Kazuo Hirai's response to activist investor Dan Loeb's proposal to break up the company when he gives an update on his revival strategy at a press briefing on Wednesday.

  • Alan Bowman, Regional VP for Interactive Entertainment Business at Microsoft Asia Pacific, explains why the company thinks its new game console product can take a bigger space in consumers' living rooms.

  • JPMorgan Averts CEO/Chair Split, Bolstering Dimon Tuesday, 21 May 2013 | 12:03 PM ET
    Jamie Dimon, chief executive officer of JPMorgan Chase & Co.

    A proposal to cleave the roles of chairman and CEO at banking giant JPMorgan Chase was defeated in a narrow shareholder vote on Tuesday.

  • Cook: We Pay 'Every Single Dollar' in Taxes Owed Tuesday, 21 May 2013 | 11:37 AM ET
    Tim Cook is sworn in at a Senate hearing about the company's offshore profit shifting and tax avoidance.

    Apple's CEO is disputing assertions that the company evades billions of dollars in U.S. taxes by shifting profits to foreign affiliates.

  • BlackRock Buys MGPA, Creating $25 Billion Fund Tuesday, 21 May 2013 | 8:26 AM ET
    BlackRock Inc. headquarters in New York City.

    BlackRock has bought private-equity real estate fund MGPA in a deal that boosts its presence in Asia and continental Europe.

  • It's Back: Shadow Banking Hits Post-Crisis Highs Tuesday, 21 May 2013 | 7:26 AM ET

    What Warren Buffett once called "financial weapons of mass destruction" are firing again, with securitization and shadow banking at post-crisis highs.

  • Wait. Didn’t Yahoo Try a Deal Like This Before? Tuesday, 21 May 2013 | 4:20 AM ET

    As investors and analysts size up Yahoo's latest $1.1 billion acquisition, it is worth reflecting on the GeoCities deal, which has many similarities, the NYT reports.

  • Come On, Give the Aussie Dollar a Break: Pros Tuesday, 21 May 2013 | 2:28 AM ET

    Australia's dollar has received its fair share of whacking lately and perhaps it's time to give the currency a bit of a break, currency strategists say.

  • Yoshikami: Low Cost China Is Old News Tuesday, 21 May 2013 | 12:41 AM ET

    The low-cost advantage that China once enjoyed (at least in the East Coast cities called the Gold Coast) is starting to fade.

  • What Most Entrepreneurs Get Wrong Monday, 20 May 2013 | 11:17 PM ET

    Some of Asia's most successful entrepreneurs confess to their most common mistakes.

  • Copper and S&P Part Ways—Which Has It Wrong? Monday, 20 May 2013 | 10:55 PM ET

    The big divergence over the past few months in the direction of the S&P 500 and copper, which historically trade in tandem, has one strategist questioning which market is getting it wrong.

  • Are Treasurys Falling Out of Favor With China? Monday, 20 May 2013 | 10:38 PM ET

    Reports that China may step up the diversification of its huge foreign exchange reserves is not great news for U.S. Treasurys, already under pressure from talk about an easing in the Fed's bond-buying program.

  • RBA Defends Rate Cut, Says Growth Still Sub-Par Monday, 20 May 2013 | 9:48 PM ET

    Australia's central bank felt it needed to cut interest rates at its May meeting because the economy was still growing at a below-potential pace and inflation was not a threat, minutes showed on Tuesday.

  • Economic Recovery, Made in Bangladesh? Monday, 20 May 2013 | 9:15 PM ET

    Nearly every rich country has gone through a "T-shirt phase" — an economic period in which poor farmers work in textile and apparel factories. Bangladesh is at the beginning of the race. The New York Times reports.

  • What the Silver Chart Is Telling You About Gold Monday, 20 May 2013 | 8:56 PM ET

    The silver chart shows that those who are wishing for a rise in the gold price will be disappointed. The silver downtrend will continue and gold will follow.

  • Obama to Meet With China's Xi in California in June Monday, 20 May 2013 | 7:06 PM ET

    President Barack Obama and Chinese President Xi Jinping will hold their first meeting since Xi became president in March when they sit down for a June 7-8 summit in California.

  • Yahoo to Buy Tumblr, Vows 'Not to Screw It Up' Monday, 20 May 2013 | 8:49 AM ET

    Yahoo said Monday it will buy blogging website Tumblr for $1.1 billion cash, in a bold move to make itself more relevant amid the explosion in social media on the Internet.

  • Business lessons from the Bloomberg terminal scandal Monday, 20 May 2013 | 8:30 AM ET

    Bloomberg's scandal offers uncomfortable lessons in how we do business in a digital era. We're also more tolerant of leaving behind our electronic data, and not calling out missteps.

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