Asia-Pacific News


  • 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.

  • Soros Cut Gold Holdings Before Crash Thursday, 16 May 2013 | 2:19 AM ET
    George Soros

    Billionaire George Soros reduced his holdings of exchange-traded products backed by gold prior to last month's freefall.

  • Here's Why Gold Won't Fall Through the Floor Thursday, 16 May 2013 | 2:01 AM ET

    Even as gold prices tumble a tug of war between physical buyers and institutional sellers will put a floor under the precious metal, said analysts.

  • Gold Demand Slides to 3-Year Low In First Quarter Thursday, 16 May 2013 | 1:20 AM ET

    Gold investment nearly halved in the first quarter as a brighter view of the U.S. economy prompted investors in the West to favor other assets like stocks over bullion.

  • Why Currencies Aren't Going Where They Should Thursday, 16 May 2013 | 12:00 AM ET

    Currency pairs rarely trade where they "should," says this forex expert, but he goes ahead and attempts a forecast for the dollar/yen.

  • Hold On, Japan Still Missing Key Pillar of Growth Wednesday, 15 May 2013 | 11:17 PM ET

    While growth in the world's third largest economy, Japan, surpassed expectations in the first quarter, an important pillar of growth was missing: revival in capital spending.

  • After Bangladesh, Top Brands Seek New Venues Wednesday, 15 May 2013 | 10:29 PM ET

    The search for new locations has taken on more urgency after the deadliest industrial accident in the global garment industry's history, a factory in Bangladesh that left 1,127 people dead. The New York Times reports.

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