Asia-Pacific News


  • Emerging Markets Could Bounce, If Fed Cooperates Monday, 17 Jun 2013 | 10:42 PM ET

    Emerging markets may have taken a vicious battering on fears the Federal Reserve may soon remove the easy money punch bowl, but a turnaround in sentiment this week could be as equally dramatic.

  • Third Point Lifts Sony Stake, Urges Spin Off Monday, 17 Jun 2013 | 9:19 PM ET

    The U.S.-based hedge fund on Tuesday said it has raised its stake in Sony and urged the Japanese electronics giant to spin-off its entertainment business.

  • I'm Not a Spy for China: Edward Snowden Monday, 17 Jun 2013 | 8:37 PM ET
    Edward Snowden

    Edward Snowden, the former NSA contractor who exposed the U.S. government's top-secret surveillance programs, fought back against his critics on Monday and denied allegations that he was a spy for China.

  • Beijing Steps Up Efforts to Shore Up Stock Market Monday, 17 Jun 2013 | 7:40 PM ET

    China's government has stepped up efforts to lift confidence in the country's flagging stock markets by buying more shares in the four biggest commercial banks.

  • China Now Has World's Fastest Supercomputer Monday, 17 Jun 2013 | 1:36 PM ET
    China's Tianhe-2 Supercomputer.

    China has built the world's fastest supercomputer, almost twice as fast as the previous U.S. holder and underlining the country's rise as a science and technology powerhouse.

  • Chop Up Smithfield, Get More Money: Activist Monday, 17 Jun 2013 | 9:59 AM ET

    Selling Smithfield in parts could bring more value to shareholders than the $4.7 billion Chinese deal, Starboard Value CEO Jeffrey Smith tells CNBC.

  • China to US: Fess Up on Web Surveillance Monday, 17 Jun 2013 | 7:22 AM ET
    President Barack Obama (R) and Chinese President Xi Jinping take a walk at the Annenberg Retreat at Sunnylands in Rancho Mirage, California, on June 8, 2013.

    China made its first comments to reports of U.S. surveillance of the Internet, demanding that Washington explain its monitoring programs to the international community.

  • Renowned investor, Anthony Bolton is set to retire from Fidelity next year after three decades working in the fund management industry, ending his career with what he described as "disappointing" returns for investors.

  • Asia Currency Sell-Off Goes From Bad to Ugly Monday, 17 Jun 2013 | 3:21 AM ET
    Indian Rupees

    Asian currencies have been battered lately by talk of the U.S. Federal tapering its massive stimulus program and analysts expect the pummeling to continue.

  • How China Could Douse Optimism From the Fed Monday, 17 Jun 2013 | 1:46 AM ET

    Concerns about a liquidity crunch in the world's second largest economy is threatening to derail financial markets just as the U.S. Federal Reserve is expected to restore some calm this week, analysts say.

  • India Leaves Rates Unchanged, Warns of Inflation Monday, 17 Jun 2013 | 1:40 AM ET

    The Reserve Bank of India kept interest rates unchanged on Monday after cutting them in each of its previous three policy reviews and warned of upward risks to inflation.

  • Rally in Aussie Stocks a Mere 'Dead Cat Bounce'? Monday, 17 Jun 2013 | 1:08 AM ET
    Sydney, Australia

    The biggest one-day rally for Australian stocks in 18 months lifted optimism towards the market, but one analyst warned the rally could have been just a 'dead cat bounce'.

  • Emerging Markets on Shaky Ground After Nasty Rout Sunday, 16 Jun 2013 | 11:26 PM ET
    A trader looks at a stocks monitor at the Philippine Stock Exchange in Manila. The market, together with stocks in other emerging markets, were hit hard last week.

    Emerging markets will remain vulnerable after the ugly sell-off last week, as concerns about an unwinding of the U.S. Federal Reserve's monetary stimulus program keep investors on edge, analysts say.

  • Record Number of Chinese Graduates—And No Jobs Sunday, 16 Jun 2013 | 10:33 PM ET
    Young jobseekers in China

    Students will graduate from universities and colleges across China in the coming weeks, but their job prospects appear bleak — the latest sign of a troubled Chinese economy.

  • Fed in Driving Seat for Asian Markets This Week Sunday, 16 Jun 2013 | 8:13 PM ET
    Federal Reserve Board Chairman Ben Bernanke

    The main driving force for Asian markets in the week ahead is expected to come from the Federal Reserve, which will be holding a two-day policy meeting.

  • Rising Bond Yields the True Test for Abenomics Sunday, 16 Jun 2013 | 8:04 PM ET
    Japanese Prime Minister Shinzo Abe

    Banks, unable to make money on their JGBs, have begun sloughing off their holdings, putting upward pressure on yields.

  • How a Gold Fetish is Killing India's Economy Sunday, 16 Jun 2013 | 7:57 PM ET

    Investors are fleeing gold, whose price has slumped 10 percent over the past 3 months. But Indians are so gold crazy they're sacrificing their country's economy. The GP reports.

  • Did Analysts Fall Under Samsung's Marketing Spell? Sunday, 16 Jun 2013 | 7:27 PM ET
    People interact with the Samsung Galaxy S IV, March 14, 2013 in New York City.

    Analysts fell under Samsung Electronics marketing spell when they made what they now admit were hopelessly optimistic forecasts.

  • North Korea Wants High-Level Talks With US Sunday, 16 Jun 2013 | 5:22 AM ET
    A steam plume rises from a nuclear reactor at Yongbyon, North Korea.

    North Korea on Sunday offered high-level talks with the US, only days after it cancelled planned official talks with South Korea for the first time in over two years.

  • Hong Kong Rally Demands Protection for Snowden Sunday, 16 Jun 2013 | 4:27 AM ET
    A man holds up a protest sign during the protest rally to support Edward Snowden in Hong Kong on June 15, 2013.

    A few hundred rights advocates and political activists marched through Hong Kong on Saturday to demand protection for Edward Snowden, who leaked revelations of U.S. electronic surveillance.

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