Asia-Pacific News


  • What Weakness? Global Data Show Silver Lining Wednesday, 8 May 2013 | 3:16 AM ET

    Stronger-than-expected U.S. jobs data, an unexpected rise in German industrial orders and now better-than-forecast China trade numbers. The outlook for the world economy is brighter than it was a month ago, analysts say.

  • Youth Unemployment Could 'Scar' Entire Generation: ILO Wednesday, 8 May 2013 | 3:14 AM ET
    The underemployed: More than 17 percent of the U.S. employed are part of the part-time economy.

    The long-term impact of rising unemployment among the young could be felt for decades, according to the International Labor Organization, which estimates that 73.4 million young people will be out of work in 2013.

  • Toyota Sticks to Low-Risk Even as Profits Soar Wednesday, 8 May 2013 | 2:53 AM ET

    Toyota Motors refuses to be tempted away from its low-risk growth strategy, even as the world's bestselling carmaker met its mid-term profit goals.

  • Stanchart Profit Falls on Increased Cost Wednesday, 8 May 2013 | 12:39 AM ET

    Standard Chartered said on Wednesday its first quarter operating profit was likely to be slightly lower than a year ago as an increase in hiring, and wages, pushed up costs.

  • Roubini: No Stock Bubble, but Crash May Come Later Wednesday, 8 May 2013 | 12:27 AM ET
    Nouriel Roubini, co-founder and chairman of Roubini Global Economics

    Stocks aren't in bubble territory as yet, but a "huge rally in risk assets" over the next two years puts markets in danger of a big crash, Nouriel Roubini said.

  • Another Crisis Coming, Worse Than the Last: Roche Wednesday, 8 May 2013 | 12:07 AM ET

    The bond markets will crash once global central banks stop buying debt, in a financial crisis much worse than the one seen in 2008, strategist David Roche told CNBC.

  • Watch Out, the Nikkei Train Is at Full Speed Tuesday, 7 May 2013 | 11:54 PM ET

    Japan's benchmark stock index rose to its highest level in five years on Wednesday, taking its gains this year to just over 35 percent. Time to turn cautious? Perhaps not, say analysts.

  • China Exports Beat, But Skeptics Are Unconvinced Tuesday, 7 May 2013 | 10:49 PM ET

    China's exports rose 14.7 percent in April from a year ago, beating expectations and possibly easing some of the concerns about weakness in the country's economic recovery, though doubts remain over the strength of real demand.

  • RBNZ Says Has Intervened to Lower Currency Tuesday, 7 May 2013 | 10:41 PM ET

    The Reserve Bank of New Zealand on Wednesday said it had been selling New Zealand dollars on the currency market to limit its strength.

  • Chinese Bank Shuts Key North Korean Bank Account Tuesday, 7 May 2013 | 7:33 PM ET

    Bank of China has shut the account of North Korea's main foreign exchange bank, which was hit with U.S. sanctions in March.

  • Where the Millionaires Are Might Surprise You Tuesday, 7 May 2013 | 2:53 PM ET

    If you were looking for millionaires, you'd probably head to London or New York or Monaco. But you might be better off trying Tokyo.

  • Planned Cyberattacks Hit Sites Around the World Tuesday, 7 May 2013 | 1:01 PM ET

    Hackers on Tuesday launched cyberattacks that affected websites in a planned campaign called "Operation USA."

  • China Not Using Our Equipment for Cyberattacks: CEO Tuesday, 7 May 2013 | 11:30 AM ET

    Akamai has a good relationship with the Chinese government and they're "not exploiting" the company's equipment there, the CEO of the online content delivery network told CNBC.

  • BMW Recalls 220,000 Vehicles Due to Faulty Airbags Tuesday, 7 May 2013 | 11:05 AM ET

    BMW is recalling about 220,000 vehicles worldwide from model years 2002 and 2003 as part of a wider recall affecting airbags made by supplier Takata.

  • World Party: Stocks in US, Germany Hit New Record Tuesday, 7 May 2013 | 10:31 AM ET

    U.S. stocks briefly broke into record territory on a wave of optimism for the global economy that also drove German stocks to an all-time high.

  • Half of All Employees Think Corruption Is OK: Report Tuesday, 7 May 2013 | 10:20 AM ET

    Nearly half of all workers across Europe, the Middle East, Africa and India think bribery and corruption are acceptable ways to survive an economic downturn, according to a report published by Ernst & Young on Tuesday.

  • Australia Cuts Rates by Quarter Point to Record Low Tuesday, 7 May 2013 | 2:50 AM ET
    Reserve Bank of Australia (RBA) headquarters in Sydney, Australia

    The Reserve Bank of Australia cut its benchmark interest rate by 25 basis points on Tuesday to a record low of 2.75 percent to boost economic growth.

  • For Mobile Shopping, China Is Way Ahead of the Pack Tuesday, 7 May 2013 | 2:30 AM ET

    Here is another record for China - over the next 12 months one in four consumers are going to use their smartphones or tablets to shop online, double the global average, says a recent survey.

  • Microsoft About to Reverse Course on Windows 8 Tuesday, 7 May 2013 | 2:00 AM ET
    Microsoft Corp CEO Steve Ballmer.

    Microsoft is preparing to reverse course over key elements of its Windows 8 operating system, the FT reports.

  • Has This 'Darling' of Investors Lost Its Mojo? Tuesday, 7 May 2013 | 1:58 AM ET

    Indonesia: Is this "darling of investors" losing its shine?

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Asia Video

  • Patrick Kaser, Managing Director and Portfolio Manager of Brandywine Global, likes U.S. energy and technology shares, along with financials which are poised to benefit from a rise in interest rates.

  • Liang Xinjun, Vice Chair & CEO, Fosun International, outlines the four sectors in which the Chinese conglomerate has invested overseas and describes how they will benefit the firm.

  • Qantas Group CEO Alan Joyce speaks at a press conference after the Australian carrier reported its biggest financial loss ever due to restructuring costs.