Asia-Pacific News


  • Samsung Estimates Record Profit, Misses Forecast Thursday, 4 Jul 2013 | 8:38 PM ET

    Samsung Electronics Co Ltd missed quarterly earnings forecasts on Friday as it reported a 47 percent rise in April-June operating profit.

  • Singapore Could Be World's Top Finance Hub by 2015 Thursday, 4 Jul 2013 | 8:04 PM ET

    Singapore to top Switzerland as the world's finance hub by 2015, as a global tax crackdown and tighter regulation weaken the Alpine nation's appeal to investors.

  • High Oil Prices: Not What Asia Needs Right Now Thursday, 4 Jul 2013 | 7:19 PM ET

    Rising oil prices could hurt Asian economies already grappling with a slowing Chinese economy, weak export growth and foreign fund outflows.

  • Singapore Wealth Fund Size Soars to Record High Thursday, 4 Jul 2013 | 5:35 AM ET
    Singapore's business district skyline at dusk

    Singapore's Temasek Holdings says the size of its portfolio soared to a record high in the financial year ending March 2013.

  • Hong Kong Rents Push Out Mom and Pop Stores Wednesday, 3 Jul 2013 | 10:43 PM ET

    Soaring rents have forced small businesses in Causeway Bay, one of Hong Kong's shopping districts, to move or close in the last few months. The New York Times reports.

  • Solution to Australia's Growth? Well, More Australians Wednesday, 3 Jul 2013 | 8:35 PM ET

    For a modern developed nation, Australia is taking a less-traveled path to prosperity. It wants more Australians.

  • China Banks May Need ‘Tape’ to Hold Together Wednesday, 3 Jul 2013 | 7:46 PM ET

    Sticky tape may be what's needed to hold Chinese banks together in an environment of slower economic growth and tight liquidity conditions, says one banking analyst.

  • Toyota to Recall 185,000 Cars Globally, Including Yaris Wednesday, 3 Jul 2013 | 7:16 AM ET

    The world's best-selling car maker, Toyota Motor Corp, said it was recalling around 185,000 vehicles globally, including the Yaris compact, owing to a glitch in the electric power steering system.

  • Olympus Bosses Avoid Jail Time for $1.7 Billion Fraud Wednesday, 3 Jul 2013 | 6:07 AM ET
    President Tsuyoshi Kikukawa admitted guilt Tuesday, Sept. 25, 2012 in the cover-up scandal. (AP Photo/Kyodo News, File)

    The executives involved in the scandal surrounding Japanese camera maker Olympus have been given suspended sentences for their role in the accounting fraud.

  • Pros Look East for Gold Rebound Wednesday, 3 Jul 2013 | 6:00 AM ET

    India has long been vital to keeping gold prices stable. But will it bail out the market again?

  • Yen Back Above 100, but This Time It’s Different Wednesday, 3 Jul 2013 | 3:52 AM ET

    The U.S. dollar/Japanese yen went past the 100 mark for the second time this year on Wednesday, but markets aren’t cheering.

  • Goldman Slashes Target for China Stocks Wednesday, 3 Jul 2013 | 1:47 AM ET

    Goldman Sachs, which started the year upbeat on the outlook for Chinese stocks, significantly slashed its target for the country's equities.

  • Hong Kong on Track to Regain IPO Sizzle Wednesday, 3 Jul 2013 | 1:26 AM ET

    Hong Kong is on its way to regain its position as one of the world's hottest IPO markets this year after hitting a four-year slump in 2012, says PricewaterhouseCoopers (PwC).

  • China Cash Crunch Turmoil Could Be Just the Start Wednesday, 3 Jul 2013 | 12:15 AM ET
    People's Bank of China in Beijing, China

    The nasty cash squeeze that roiled China banks could be just the start of instability to come if China's leaders push ahead with liberalizing interest rates and capital controls.

  • Emerging Market Stocks Now at Cheapest This Year Tuesday, 2 Jul 2013 | 11:39 PM ET

    The recent sell-off in global markets has pushed valuations for emerging market stocks to their cheapest level this year, according to Citi.

  • China's Slowdown Creeps Into Its Services Sector Tuesday, 2 Jul 2013 | 10:49 PM ET

    Growth in China's services sector sagged to its weakest pace in nine months in June as construction activity slowed, a sign that an economic cooldown is creeping across the country.

  • Air Passengers Will Pay Price of Rising Oil, Says IATA Tuesday, 2 Jul 2013 | 10:26 PM ET

    Tony Tyler, director general & CEO at International Air Transport Association (IATA) said a further a rise in oil prices presents a grave concern for the fragile airline industry.

  • World's Second Biggest IPO This Year Debuts Higher Tuesday, 2 Jul 2013 | 9:01 PM ET

    Japan's second-largest soft drinks company, Suntory Beverage and Food, opened higher at its debut on the Tokyo Stock Exchange on Wednesday, even as analysts warn the stock is looking expensive.

  • Asia Shoppers 'The World's Biggest Label Lovers' Tuesday, 2 Jul 2013 | 11:26 AM ET
    A prominent Chanel logo is displayed on one of its stores in Hong Kong.

    Over 60 percent of Asia Pacific consumers are willing to spend their hard-earned cash on designer products, according to an online survey.

  • Aussie Dollar Weak? Central Bank Doesn't Think So Tuesday, 2 Jul 2013 | 4:09 AM ET

    The Aussie dollar is down over 11 percent this year and is the second worst performing major currency in the world, but for the country's central bank, it's still not weak enough.

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