Asia-Pacific News


  • This Currency Is Asia's Best Performer Friday, 26 Apr 2013 | 12:26 AM ET

    The Thai baht - Asia's strongest performing currency this year - has hit a 16-year high against the U.S. dollar this month and one economist says the baht is the region's last one-way bet.

  • Google: The New Predictor of Stock Markets? Thursday, 25 Apr 2013 | 11:10 PM ET

    Searches of financial terms on Google can be used to predict the direction of the stock market, according to an analysis of search engine behavior.

  • Japan Regulator Probes US Asset Manager Thursday, 25 Apr 2013 | 10:47 PM ET

    Japan's securities watchdog is investigating a U.S.-based investment company on suspicion that it falsified reports and could not account for up to $1.4 billion in disclosed funds.

  • We Listen to Our Fiercest Critics: Olam CEO Thursday, 25 Apr 2013 | 10:29 PM ET
    Sunny Verghese, group managing director and chief executive officer of Olam International.

    The CEO of Singapore-based commodities firm Olam International, which was targeted by short seller Muddy Waters last year, said the firm has listened to its fiercest critics as it cuts capital spending and downsizes profit expectations.

  • Sentiment Turning for Japan Stocks? Foreign Buyers Bail Thursday, 25 Apr 2013 | 10:06 PM ET
    Shibuya district, Tokyo

    Chatter over whether Japan's stocks are due for correction gained momentum after data showed foreign investors, who have been huge buyers of Japanese equities recently, became net sellers.

  • Samsung's Profit Jumps Ahead of Galaxy S4 Debut Thursday, 25 Apr 2013 | 9:09 PM ET

    Samsung reported on Friday its sixth straight quarter of profit growth ahead of the sale of the Galaxy S4 smartphone this weekend.

  • Chinese Can't Get Enough of 'Super Cities' Thursday, 25 Apr 2013 | 8:50 PM ET

    Chinese investors can't seem to be getting enough of commercial real estate abroad and could spend a whopping $5 billion this year, according property services firm Jones Lang LaSalle.

  • Consumer Prices in Japan Fall for 5th Straight Month Thursday, 25 Apr 2013 | 7:32 PM ET
    Tokyo, Japan

    Japan's core consumer prices fell 0.5 percent in March from a year earlier, down for a fifth straight month, data showed on Friday.

  • Yahoo Chairman Resigns Ahead of Annual Meeting Thursday, 25 Apr 2013 | 5:48 PM ET

    Yahoo Chairman Fred Amoroso resigned and will not seek re-election to the board at the shareholders meeting in June, the company said. Maynard Webb Jr. was appointed interim chairman.

  • Hyundai: We're Sorry About That Car Suicide Ad Thursday, 25 Apr 2013 | 3:46 PM ET
    GLENDALE, CA - JANUARY 05: Hyundai cars are on display in the showroom of the Hyundai dealership on January 5, 2011 in Glendale, California. Hyundai Motor Co. market share in the United States climbed just short of 5% in 2010. United States auto sales rose 11% in December. (Photo by Kevork Djansezian/Getty Images)

    Car maker Hyundai apologized Thursday for a U.K. advertisement that depicts a man trying to commit suicide in his garage but failing because of his zero-emission car.

  • Central Banks Should Own Stocks: Jim O'Neill Thursday, 25 Apr 2013 | 12:52 PM ET
    Jim O'Neill

    As the Bank of Japan ramps up its monetary stimulus to include buying stocks, Jim O'Neill, chairman of Goldman Sachs Asset Management, said it makes sense for central banks to own equities.

  • Twitter Trading: 8 Tweets That Moved Markets Thursday, 25 Apr 2013 | 9:50 AM ET

    News that breaks on Twitter is now news that moves the markets, sometimes even when it's not news. Here's a look at some tweets that affected trading.

  • Stocks to Crash, Gold to Top $10,000: Albert Edwards Thursday, 25 Apr 2013 | 7:59 AM ET

    Gold will top $10,000, the stock market will tank, and U.S. bond yields will be anemic, Albert Edwards said in a trademark bearish report.

  • From Rout to Rush—Gold Stages Quiet Rally Thursday, 25 Apr 2013 | 2:18 AM ET

    Gold is clawing its way back up amid signs that demand for the precious metal is soaring a week after a massive sell-off sent prices to their lowest level in more than two years.

  • South Korea Pulls Off Decent Growth—Now What? Thursday, 25 Apr 2013 | 2:15 AM ET

    South Korea grew at its fastest pace in two years in the first quarter of 2013, but economists warn the positive headline figure hides worrying aspects of Asia's fourth largest economy.

  • China's Warren Buffett: I'm Just His 'Apprentice' Thursday, 25 Apr 2013 | 1:52 AM ET
    Guo Guangchang, chairman of Fosun International

    The chairman of China's largest privately-owned conglomerate Fosun Group, also known as the "Warren Buffett of China," says it's more accurate to call him Buffett's "apprentice".

  • People rescue garment workers trapped under rubble at the Rana Plaza building after it collapsed, Bangladesh, India.

    The death toll from a building collapse in Bangladesh has risen to 160 and could climb higher, police said on Thursday, with people trapped under the rubble of a complex that housed garment factories supplying retailers in Europe and North America.

  • Strong Won Cuts Into Hyundai Motors' Bottomline Thursday, 25 Apr 2013 | 1:26 AM ET
    The Hyundai logo is displayed in front of Petaluma Hyundai in Petaluma, California.

    South Korea's Hyundai Motors posted a 15 percent fall in its quarterly net profit as it was hamstrung by production stoppages and unfavorable currency moves.

  • South Korea Grows at Fastest Pace in 2 Years Wednesday, 24 Apr 2013 | 11:52 PM ET
    Downtown Seoul

    Gross domestic product grew a seasonally adjusted 0.9 percent from the previous quarter, far above analysts' forecasts and denting expectations for an interest rate cut by the central bank.

  • After 'Shock and Awe,' What Next From the BOJ? Wednesday, 24 Apr 2013 | 11:29 PM ET
    Haruhiko Kuroda, governor of the Bank of Japan

    The Bank of Japan meets on Friday for the first time after it made a radical shift in policy earlier this month and markets are now watching for central bank governor Harukiko Kuroda's next move.

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