Asia-Pacific News


  • El-Erian: No 1990s-style emerging market collapse Friday, 23 Aug 2013 | 10:05 AM ET

    Emerging markets are in a better position than they were in the 1990s, even with the recent plunge in places like India and Indonesia, Pimco CEO Mohamed El-Erian said on Friday.

  • Tesla hits roadblock in China over trademark Friday, 23 Aug 2013 | 9:44 AM ET

    Tesla Motors's plans to enter the China auto market have stalled after a Chinese businessman claimed trademark rights to the name, Reuters reported.

  • Goldman downgrades emerging Asia currencies Friday, 23 Aug 2013 | 1:15 AM ET

    U.S. investment bank Goldman Sachs says it expects the rout in Asian emerging market currencies to continue, downgrading its forecasts for battered currencies in the region.

  • Calls get louder for India to free up currency Friday, 23 Aug 2013 | 1:09 AM ET

    As the world's worst performing currency this year plumbed new lows this week, some analysts are suggesting that India policymakers loosen the grip on the rupee to stop the rout.

  • Is a Volcker on the cards for India's central bank? Friday, 23 Aug 2013 | 12:03 AM ET
    Paul Volcker

    An aggressive tightening environment may be a drastic prescription for India's beleaguered economy, but some economists are advocating the measure as a way to ease inflation and put a floor under the rupee.

  • Three charts that explain why India is in trouble Thursday, 22 Aug 2013 | 11:13 PM ET

    As India's rupee languishes near record lows against the dollar, analysts say weakness in Asia's third largest economy highlight why the rupee is one of the most heavily sold emerging market currencies.

  • Singapore tightens grip on airport crown Thursday, 22 Aug 2013 | 8:27 PM ET
    Changi Airport in Singapore.

    Singapore's project to double its air passenger handling capacity by the mid-2020s is set to extend its lead over neighbors, whose airports are struggling with congestion and construction delays.

  • China makes big show of Bo Xilai trial Thursday, 22 Aug 2013 | 7:33 PM ET
    A screen shows the picture of the sentence of Chinese politician Bo Xilai (Center) on September 22, 2013 in Beijing, China.

    With detailed online transcripts carried by Twitter, Beijing is making an effort to show its people that the trial of ousted politician Bo Xilai is fair and above board.

  • China probing biggest-ever erroneous stock trade Thursday, 22 Aug 2013 | 7:01 AM ET

    Everbright Securities mistakenly made 23.4 billion yuan ($3.82 billion) of buy orders, the biggest erroneous trade in Chinese history.

  • EM central bank reserves drop by $81 billion Thursday, 22 Aug 2013 | 7:00 AM ET

    Central banks in the developing world have lost $81 billion of emergency reserves through capital outflows and currency market interventions since early May, even before the recent renewal of turmoil in emerging markets. The FT reports.

  • Global economic rebound sparks rally Thursday, 22 Aug 2013 | 6:37 AM ET

    The global economy showed signs of improvement on Thursday with factory output improving in two of the world's largest economies.

  • Wonder why ringgit's getting crushed? Thursday, 22 Aug 2013 | 4:43 AM ET

    The Malaysian ringgit plunged to its lowest level in three years on Thursday amid the brutal sell-off across emerging market assets, and the pain may not be over for the currency.

  • Will Fed tapering erode Singapore’s appeal? Thursday, 22 Aug 2013 | 4:07 AM ET

    Singapore's long-held status as a financial market safe haven could come under pressure from potential risk of higher rates amid the imminent tapering of U.S. monetary stimulus.

  • Will China embrace the gold iPhone? Thursday, 22 Aug 2013 | 3:17 AM ET

    If Apple hopes to woo more Chinese by adding a glitzy coating - some call it champagne, some gold - to its next iPhone, it may be in for a surprise.

  • Strategist who correctly called rupee, rupiah collapse Thursday, 22 Aug 2013 | 1:34 AM ET

    Emerging markets strategist Peter Redward correctly predicted a sharp slide in the Indian rupee and Indonesia rupiah and warned the selling isn't yet over.

  • China a ‘stallion’ amid emerging market turmoil Thursday, 22 Aug 2013 | 12:36 AM ET

    China stands out like a "stallion" amid the turmoil in emerging markets, as a slowdown in the world's second largest economy shows increasing signs of stabilization.

  • Rupee selling now ‘out of control’ Thursday, 22 Aug 2013 | 12:20 AM ET

    As the battered rupee slumped to another low of 64.54 to the dollar, analysts say the selling is getting out of hand and the currency could fall to 70 in the coming months.

  • Trial of the century begins in China Thursday, 22 Aug 2013 | 12:10 AM ET
    A screen shows the picture of the sentence of Chinese politician Bo Xilai (Center) on September 22, 2013 in Beijing, China.

    The trial of disgraced Chinese politician Bo Xilai got underway in Jinan on Thursday, with a guilty verdict for charges of corruption and the abuse of power.

  • China factory activity hits four-month high in August Wednesday, 21 Aug 2013 | 9:50 PM ET

    Activity in China's key manufacturing sector picked up steam in August, a preliminary survey of factory managers showed on Thursday, helped by a rebound in new orders.

  • Here's one currency that has averted the EM rout Wednesday, 21 Aug 2013 | 9:03 PM ET

    While the violent selloff in emerging market currencies has spared few, there's one currency that has emerged from the storm unscathed: the Chinese yuan.

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