Asia-Pacific News


  • China Acts to Fend Off Tide of Speculative Inflows Wednesday, 8 May 2013 | 9:01 PM ET

    China's central bank signaled on Wednesday it was prepared to change its monetary strategy to fend off inflows of speculative capital.

  • NAB Profit Sends Australia's 'Big Four' to Record High Wednesday, 8 May 2013 | 8:19 PM ET
    National Australia Bank

    National Australia Bank added to bumper bank earnings on Thursday with a 3.1 percent rise in first-half cash profit, propelling combined earnings at Australia's "Big Four" to a record high.

  • News Corp. Profit Beats, Boosted by Cable Strength Wednesday, 8 May 2013 | 7:11 PM ET

    News Corp. earnings beat expectations as strength in cable offset offset declines in publishing and education. Shares rose after-hours.

  • 'Bear Market Checklist' Goes a Perfect 0-for-6 Wednesday, 8 May 2013 | 2:19 PM ET

    Morgan Stanley's David Darst has six boxes on his bear market checklist, and none of them are filled in yet.

  • McDonald's April Sales Slip on Weakness Overseas Wednesday, 8 May 2013 | 12:09 PM ET

    McDonald's said on Wednesday that April sales at its established restaurants around the world declined 0.6 percent amid tough competition to attract frugal diners who are shopping around for the best deals.

  • A Big Red Panic Button for Stock Exchanges Wednesday, 8 May 2013 | 11:50 AM ET

    Exchanges and broker dealers are developing a plan to prevent the next Knight Trading catastrophe.

  • Abu Dhabi Airport Has First Cocoonlike Sleep Pods Wednesday, 8 May 2013 | 11:48 AM ET
    Abu Dhabi International Airport is the world's first airport to launch GoSleep pods.

    Wish to catch a snooze at the airport? Abu Dhabi Airport has just the solution with new "GoSleep" pods, where chairs with sliding shades convert into an egg-shaped cocoon.

  • There May Be More to Ferrari Cuts Than Status Wednesday, 8 May 2013 | 11:20 AM ET

    Ferrari is capping production this year. The stated reason: status protection. But what's the reality? Some experts think it may be a sign of lower demand for the luxury car.

  • Coke Takes Anti-Obesity Show on Road With Labels Wednesday, 8 May 2013 | 9:15 AM ET

    Coca-Cola will make its caloric and nutrition content more widely available around the world.

  • Did China Fix Its Trade Data? Wednesday, 8 May 2013 | 8:05 AM ET
    Shipping containers are transported in a port in Qingdao, east China's Shandong province.

    Trade numbers for China showed an unexpected increase in imports and exports, leading analysts to question whether the numbers were "misleading."

  • The World's Biggest Boozers Wednesday, 8 May 2013 | 3:33 AM ET

    A global economic slowdown hasn't had much impact on this resilient market as people continue to turn to alcohol in good times and bad. We look at the top 10 countries with the highest alcohol consumption.

  • 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.

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