Asia-Pacific News


  • Lack of funding, oversupply and poor freight rates are going make 2012 a  “crisis” year for the shipping industry, says Andrew Broomhead, CFO of Hong Kong's largest operator of dry-bulk vessels Pacific Basin.

  • GM and Peugeot have officially agreed to an alliance Stephen Girsky, GM's Vice Chairman discusses the deal.

  • Women Breaking Barriers in Asian Business     Wednesday, 29 Feb 2012 | 7:30 PM ET

    Moira Forbes, President & Publisher, ForbesWoman, says Asia's economic prosperity creates unprecedented opportunities for women to break some of the cultural barriers that existed before.

  • A man walks past PT Bank Central Asia automatic teller machines (ATM), photographed with a tilt-shift lens, at the company's headquarters in Jakarta, Indonesia on Wednesday, July 27, 2011. Indonesia's loan growth will probably surpass the central bank's estimate this year as low interest rates help drive demand in Southeast Asia's biggest economy, the nation's largest lender said.

    The CEO of Bank Negara Indonesia, Indonesia’s fourth-largest lender, says it’s searching for suitable buyers for a 25 percent stake in its life insurance business. He was responding to recent reports the bank is in talks with Japanese investors.

  • The U.S. economic recovery is "frustratingly slow" and it could take four to five years to ratchet the unemployment rate down to about 6 percent, from more than 8 percent now, a top Federal Reserve official said on Tuesday.

  • Troubled Elpida to Draw Up Rehab Plan in 6 Weeks Tuesday, 28 Feb 2012 | 9:02 PM ET
    Technicians at work in the clean room of the Fab Equipment at a semiconductor company, Renesas Technology Corp. on June 17, 2004 in Ibaraki, Japan. Renesas is the first company to produce semiconductor products from 300mm wafer in the world.

    Japanese chipmaker Elpida Memory, which has filed for bankruptcy protection, will draw up a rehabilitation plan within six weeks as it works to slash debt quickly to appeal to potential turnaround sponsors, the Nikkei said on Wednesday.

  • China's BYD Sees Profit Reverse by 44% Tuesday, 28 Feb 2012 | 7:16 PM ET
    BYD logo

    Chinese car maker BYD said on Tuesday that its net profit in 2011 fell by 44 percent from a year earlier due to fierce competition in the world's largest auto market and a sharp fall in photovoltaic product prices.

  • The 2012 Subaru Forester

    When I asked David Champion about the quality and reliability of the latest models tested by Consumer Reports, Champion said bluntly, “They’re still reliable, but the re-designs are disappointing. Their fit, finish, steering, and handling all need work.”

  • The Indonesian government's approval of a long-awaited land acquisition bill in December will speed up land purchases for public infrastructure projects in Southeast Asia's largest economy and boost the country's cement space, according to one analyst. 

  • Charting Asia | Shanghai Composite Index Monday, 27 Feb 2012 | 11:06 PM ET
  • Australia's QBE Profit Slumps as Claims Mount Monday, 27 Feb 2012 | 7:00 PM ET

    Australia's QBE Insurance posted a 45 percent fall in full-year net profit after unprecedented weather events in 2011 sent claims soaring, hurting the insurer's bottom line.

  • Rising Gas Prices Drive More Fuel-Efficient Technology Monday, 27 Feb 2012 | 11:19 AM ET

    We're now at around $3.70 a gallon and some auto parts suppliers are primed to meet the demand for more fuel efficient cars and trucks with technology and products that help vehicles run more efficiently.

  • Investors Turn Bullish on Commodities in 2012: Survey Sunday, 26 Feb 2012 | 11:13 PM ET

    Investors are set to increase their exposure to commodities in 2012, according to an annual survey by Barclay’s Capital, with 56 percent of those surveyed saying they will initiate or ramp up commodity investments over the next three years, compared to 45 percent last year.

  • Car Keys and Money

    Gearing up for times like these are exactly the reason the Big 3 went through the painful restructuring of the last four years. Automakers need to be nimble when the demand shifts and it will be shifting as prices at the pump move closer to $4 a gallon.

  • Resolute Putin Faces a Russia That’s Changed Friday, 24 Feb 2012 | 5:45 AM ET
    Vladimir Putin

    NY Times reports that  Mr. Putin, who grew up in a hardscrabble Soviet housing block, has spent more than a decade in a byzantine world of petitioners and servants. Now, in the year he turns 60, he will face his biggest challenge: coming to grips with a society that has greatly changed under his watch, while he has remained essentially the same.

  • UOB Quarterly Profit Falls 21%, Upbeat on Outlook Thursday, 23 Feb 2012 | 8:03 PM ET

    United Overseas Bank, the smallest of Singapore's three banking groups, reported a 21 percent fall in quarterly profit due to lack of one-off gains and as it booked losses on its European debt exposure.

  • Bank Negara CEO Maps Out Business Strategy     Thursday, 23 Feb 2012 | 7:35 PM ET

    Gatot Suwondo, President Director & CEO of Bank Negara Indonesia, says the bank will focus on corporate and retail banking going forward.

  • Oil Prices Raising Inflation Concerns in Asia     Thursday, 23 Feb 2012 | 6:10 PM ET

    Frederic Neumann, MD & Co-Head of Asian Economics Research at HSBC, expects policy tightening across Asia towards the end of the year as he believes inflation could make a comeback due to rising oil prices.

  • Auto Credit Improving Thursday, 23 Feb 2012 | 10:24 AM ET

    A new report by Experian shows a healthy improvement in new and used car loans.

  • Growth In China Slowing?     Thursday, 23 Feb 2012 | 8:15 AM ET

    Discussing the structural challenges China is facing as its economy slows, with John Rutledge, Rutledge Capital and Stephen Roach, Stephen Roach, Morgan Stanley Asia non-executive chairman.

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