Asia-Pacific News


  • 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.

  • Private Equity Cash In on Cheap India Infrastructure Wednesday, 15 May 2013 | 10:03 PM ET
    Construction in Mumbai, India.

    Private equity investment in Indian infrastructure is poised to pick up following a lengthy dry patch as debt-stressed operators come under pressure from banks to offload assets.

  • Singapore Airlines Hit by Cutbacks in Premium Class Wednesday, 15 May 2013 | 9:25 PM ET

    Singapore Airlines, caught between the rapid emergence of Gulf carriers and low cost Asian rivals, is attempting a big strategy overhaul to revive growth.

  • Here's One Sector Suffering From Abenomics Wednesday, 15 May 2013 | 9:09 PM ET
    Pedestrians walk past a Sumitomo Mitsui Banking Corp. branch in Tokyo, Japan

    Shinzo Abe's economic policies may be aimed at bolstering Japan's manufacturing groups, but the country's banks are suffering an Abenomics ordeal. The Financial Times reports.

  • Japan Takes Aim at Electricity Monopolies Wednesday, 15 May 2013 | 7:30 PM ET
    Tokyo, Japan

    Japan is embarking on its most ambitious attempt at electricity industry reform since 1951, with Prime Minister Abe well-positioned for victory in a battle to break up powerful monopolies

  • Brimming Oil Stockpiles to Keep Prices in Check Wednesday, 15 May 2013 | 7:02 PM ET

    Well-supplied global oil markets are expected to keep a firm lid on prices this week, though upside surprises may come from better-than-expected U.S. data and continued unrest in the Middle East.

  • Goldman Forecasts 13% Decline for This Commodity Wednesday, 15 May 2013 | 3:01 PM ET

    Goldman Sachs forecast a hefty 13 percent decline in agricultural commodity returns over the next year, with prices pushed down by bumper harvests in both the U.S. and Latin America.

  • Google Launches Music Service, Taking on Pandora Wednesday, 15 May 2013 | 1:10 PM ET
    Google Inc. introduced a subscription music-streaming service, one of several product updates to be unveiled at a developer meeting this week as the search provider seeks to attract more users and advertisers.

    The world's top search engine announced the music streaming service, which has built-in features to help users discover new music, at its annual developers conference in San Francisco.

  • Hedge Fund Billionaire Loeb: Sony Reminds Me of Yahoo Wednesday, 15 May 2013 | 12:05 PM ET
    Daniel Loeb, founder and chief executive officer of Third Point LLC

    Billionaire hedge fund manager Daniel Loeb said Sony reminds him of Yahoo before he waged a bitter proxy fight that triggered a boardroom shake-out at the Internet company.

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