Asia-Pacific News


  • Speeding Up Again: China House Prices Saturday, 18 May 2013 | 12:13 AM ET
    At a property trade fair in Beijing, China

    China's housing inflation quickened in April, marking the fourth consecutive year-on-year rise and challenging Beijing's efforts to cool record home prices while supporting economic expansion.

  • The World's Most Dangerous Waters Friday, 17 May 2013 | 11:45 AM ET

    Maritime pirates are honing their tactics and beefing up their weaponry. Here are the world’s most pirate-infested waters, and learn about individual attacks from each place.

  • Indonesia is ready for a sudden withdrawal of foreign funds from the country once major central banks around the world start unwinding their aggressive monetary stimulus, a senior Indonesian government official says.

  • Confusion: the Next Driver of Markets? Thursday, 16 May 2013 | 11:56 PM ET

    In a week dominated by talk about when the U.S. Federal Reserve will start unwinding its massive monetary stimulus program, a raft of weak U.S. economic data have introduced an element of confusion into the markets.

  • Japan Core Machinery Orders Surge in March Thursday, 16 May 2013 | 11:28 PM ET

    Japanese core machinery orders jumped a bigger-than-expected 14.2 percent in March in a sign a weaker yen are making companies more confident about investing in equipment.

  • Pandit Returns to Banking Via India Investment Thursday, 16 May 2013 | 10:52 PM ET
    Vikram Pandit

    Vikram Pandit, the former Citigroup chief executive, has returned to banking by investing in an Indian financial services group that hopes to launch a new lender. The Financial Times reports.

  • Honda Returns to Formula One After 7-Year Hiatus Thursday, 16 May 2013 | 10:43 PM ET
    The three-generation Honda Formula One cars, (front to rear)1965 Honda RA272, 1988 McLaren Honda MP4/4 and 2006 Honda RA106.

    Honda is returning to Formula One, confirming that it will renew its partnership with McLaren and supply the British team's engines from 2015. The Financial Times reports.

  • A Foxconn Work Week Still Too Long, Audit Finds Thursday, 16 May 2013 | 10:12 PM ET
    A Foxconn recruitment point in Shenzhen

    Foxconn has made substantial progress toward improving safety at its three Chinese plants, but it has not yet reduced the average workweek to the maximum allowed by Chinese law. The New York Times reports.

  • As Japan's Policy Bears Fruit, Will Europe Learn? Thursday, 16 May 2013 | 9:53 PM ET
    German Chancellor Angela Merkel, speaks in front of a flag of the European Union

    The paths of Japan and Europe, which have been the sick men of the world economy for years, diverged this week: Japan showed a robust first quarter growth while Europe fell deeper into recession. Will Europe learn from Japan? The NYT reports.

  • China's President Takes Charge of Sweeping Reforms Thursday, 16 May 2013 | 9:22 PM ET
    China's new President Xi Jinping (R) talks with former President Hu Jintao (L) on March 14, 2013 in Beijing, China.

    Chinese President Xi Jinping has taken charge of drawing up ambitious reform plans to revitalize the economy, shunning policy stimulus for fear it could worsen local government debt.

  • Why Is Samsung Chasing Apple's Suppliers? Thursday, 16 May 2013 | 7:16 PM ET

    Overtaking Apple as the world's leading maker of smartphones has stretched Samsung's in-house supply lines, and the South Korean firm is now courting some of its rival's main parts suppliers.

  • No Love: Even Bargain Hunters Don't Like Gold Thursday, 16 May 2013 | 4:19 PM ET

    Beaten-down gold just can't find any love. The yellow metal sold off for a sixth day, plunging nearly $30 at one point.

  • Here's What the Billionaires Are Buying Thursday, 16 May 2013 | 2:36 PM ET

    Hedge fund managers and investment gurus have to notify the SEC about their moves every quarter. Investors pore over this data in the belief the big fish have special insight.

  • Glencore Shareholders Dump Chairman in Coup Thursday, 16 May 2013 | 12:18 PM ET

    A shareholder coup at newly merged commodities group Glencore Xstrata ousted chairman Sir John Bond on Thursday, along with all other former directors from Xstrata.

  • Trend or Stunt? Maserati Smashed in China...Again Thursday, 16 May 2013 | 11:31 AM ET
    A wealthy Chinese businessman hired a crew to smash his Maserati Quattroporte at the Qingdao Auto Show. Here, the crew takes sledgehammers to the windshield of the supercar.

    A wealthy Chinese businessman hired a crew to smash his Maserati with sledgehammers to protest poor customer service, but the story is similar to another incident. Is this a trend or a stunt?

  • Dubai Police Adds $1.4 Million Supercar to Its Fleet Thursday, 16 May 2013 | 9:58 AM ET

    Dubai Police appear to have secured a rare Bugatti Veyron to add to its supercar fleet, making headlines over the last few weeks. Police Chief Dhahi Khalfan Tamim tweeted a picture of the 1001 horsepower car on his verified account.

  • BloombergBlack: A Threat to Its Terminal Clients? Thursday, 16 May 2013 | 8:14 AM ET

    Bloomberg has quietly launched a wealth management company, putting it in competition with its biggest terminal customers.

  • Swiss-Chinese Free Trade: And the Winners Are… Thursday, 16 May 2013 | 6:49 AM ET

    Watchmakers Swatch Group and Richemont as well as elevator maker Schindler are among Swiss stocks that stand to gain significantly from a potential free trade agreement between Switzerland and China, analysts told CNBC.

  • Will China Buy Up Greece's Best Assets? Thursday, 16 May 2013 | 5:14 AM ET

    Greek Prime Minister Antonis Samaras headed to China on Wednesday, amid hopes that the world's second largest economy can revive one of the euro zone's most debt laden countries.

  • Roof Collapse at Cambodian Shoe Plant Kills Three Thursday, 16 May 2013 | 2:44 AM ET
    Factory in Cambodia

    Three people were killed when the ceiling of a warehouse fell in at a shoe factory in Cambodia, adding to concerns about safety standards at Asian factories.

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