Asia-Pacific News


  • Taiwanese smartphone maker HTC is the "biggest victim" of the intensifying battle in the premium handset space, and there could be little scope for it to stage a turnaround.

  • Macau tycoon David Chow aims to return to the spotlight of the world's largest gambling hub with a new casino resort boasting an opera house and dinosaur museum.

  • Japan's robots eye autos to take up smartphone slack Tuesday, 30 Jul 2013 | 8:49 PM ET
    Arm robots assemble parts at Nissan Motor's Tochigi Plant in Japan.

    As the breakneck growth in the global smartphone market eases, Japanese companies that make the robots that build the phones are looking to automakers to take up the slack.

  • Fukushima clean-up turns toxic for Japan's Tepco Tuesday, 30 Jul 2013 | 8:47 PM ET
    One of Tokyo Electric Power's (TEPCO) nuclear power plants.

    Two and a half years after the worst nuclear disaster since Chernobyl, the operator of Japan's wrecked Fukushima plant faces a daunting array of unknowns.

  • Here's another reason to avoid Japanese stocks Tuesday, 30 Jul 2013 | 8:25 PM ET

    Growing uncertainty about a rise in Japan's consumption tax could be one more reason to stay away from the benchmark Nikkei stock index, analysts said.

  • With OPEC of Potash in jeopardy, BHP faces dilemma Tuesday, 30 Jul 2013 | 7:40 PM ET

    Miner BHP Billiton's new boss is facing his biggest test as he weighs the fate of a $14 billion Canadian potash project just as the collapse of a dominant potash cartel.

  • More pain for Chinese factories? Official PMI due Tuesday, 30 Jul 2013 | 7:02 PM ET

    China's official manufacturing purchasing managers index (PMI), due out Thursday, is expected to show factory activity contracted for the first time in 10 months.

  • Here’s what could really knock the yen back down Tuesday, 30 Jul 2013 | 7:01 PM ET

    As Japan's yen continued to strengthen against the dollar this week, some analysts suggested that further monetary stimulus was needed to push it back down.

  • China's growth plan 'pretty persuasive': O'Neill Tuesday, 30 Jul 2013 | 9:21 AM ET
    Jim O'Neill, chairman of Goldman Sachs Asset Management

    Just back from China, renowned economist Jim O'Neill told CNBC that the "incessant focus" on whether the Chinese GDP numbers are accurate "seems to be misplaced."

  • Is India's rupee back in the danger zone? Tuesday, 30 Jul 2013 | 7:45 AM ET

    India's central bank has spent the last few weeks making a concerted effort to prop up the battered rupee, but its latest rhetoric may have already undone that hard work with the currency back within sight of record lows against the dollar.

  • Bitcoin banned: Country outlaws virtual currency Tuesday, 30 Jul 2013 | 6:20 AM ET

    Virtual currency bitcoin has been banned in Thailand, according to a prominent bitcoin exchange that operates in the Southeast Asian country.

  • How low must Aussie go before the RBA backs off? Tuesday, 30 Jul 2013 | 5:35 AM ET

    Dovish comments from the RBA led to a big slide in the Australian dollar and now market watchers are wondering how low the currency needs to go before the RBA eases up on talking it down.

  • Is Asia poised for a sharp slowdown? Tuesday, 30 Jul 2013 | 3:53 AM ET

    Pessimism about China's economy and uncertainty about Japan's attempts to end two decades of economic stagnation are reflecting growing concerns about these Asian countries.

  • Economist Stephen Roach

    Recent bearishness surrounding China's growth is just another "false alarm" and investors are focusing on the wrong data points to assess the economy's outlook.

  • Why Glaxo’s China scandal needed to happen Tuesday, 30 Jul 2013 | 3:32 AM ET

    Regardless of what narrative may ultimately prove to best explain GSK's current problems in China, doing business in the sector for multinationals will never be the same.

  • China's central bank on Tuesday did something it hasn't done in five months: it actively injected cash into local money markets, easing concerns of another credit squeeze.

  • Indian Rupees

    India's central bank left interest rates unchanged Tuesday to support a battered rupee but said it will roll back recent liquidity tightening measures when stability returns.

  • Relax - China may weather Fed tapering, after all Tuesday, 30 Jul 2013 | 2:08 AM ET

    Contrary to widespread belief, a scaling back of the Federal Reserve's massive monetary stimulus would not be a big risk event for China, economists say.

  • Is Japan headed for another recession? Monday, 29 Jul 2013 | 9:34 PM ET
    A pedestrian holding an umbrella looks at an electronic stock board displaying the closing figure of the Nikkei 225 Stock Average outside a securities firm in Tokyo, Japan.

    Even before Japan can stage a convincing rebound, fears are already building over a sharp slowdown, with one analyst warning of a possible recession next year.

  • Apple supplier accused of hiring underaged workers Monday, 29 Jul 2013 | 8:50 PM ET

    One of Apple's big suppliers employed underage workers and pressured employees to work illegal overtime, according to a Chinese workers' rights group. The Financial Times reports.

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