Asia-Pacific News


  • Virgin America Airbus A319

    Virgin America and Singapore Airlines frequent fliers can now earn and redeem points or miles on each carrier in an expanded partnership.

  • US, China Reach Deal on North Korea Sanctions Tuesday, 5 Mar 2013 | 6:14 AM ET

    The U.S. and China have struck a tentative deal on a sanctions resolution that would punish North Korea for its third nuclear test, which it conducted last month, U.N. diplomats said on Monday.

  • China’s Premier Admits Failings, but Defends Image Tuesday, 5 Mar 2013 | 3:37 AM ET

    Prime Minister Wen Jiabao of China has displayed a blend of defeatism and defensiveness as he winds down his decade in office. The New York Times reports.

  • China Real Estate Won't Bring It Down: Roach Tuesday, 5 Mar 2013 | 2:40 AM ET
    At a property trade fair in Beijing, China

    Fears of a bubble building in China's property markets were debunked by Stephen Roach as investors become increasingly concerned over the country's rising property prices.

  • Why China's Property Market Is Getting Scary Tuesday, 5 Mar 2013 | 2:33 AM ET

    Worries that China's property market is over heating are spreading beyond mainland policymakers, with key industry players including the head of the country's largest real estate developer warning of huge risks in the sector.

  • Kuala Lumpur, Malaysia

    Malaysian troops backed by fighter jets attacked an armed Filipino group on Tuesday, trying to end a standoff on Borneo island after violence that killed at least 27 people.

  • China Puts Focus on Consumers to Drive Growth Monday, 4 Mar 2013 | 11:50 PM ET

    China put its fast-growing consumer class at center-stage as outgoing Premier Wen Jiabao set out a reform plan on Tuesday to spread the fruits of economic growth more evenly.

  • Australia's Central Bank Leaves Rates on Hold Monday, 4 Mar 2013 | 11:24 PM ET

    Australia's central bank kept its main cash rate at a record low of 3.0 percent on Tuesday, as expected, but reiterated there was room to cut if needed.

  • Singapore-listed commodities firm the Noble Group expects its flagging agriculture business to turn around in the second quarter of 2013.

  • Vows of Change and Raised Hopes in China Monday, 4 Mar 2013 | 9:38 PM ET

    China's new Communist Party leaders are hoping that their annual legislative meeting will persuade a skeptical public that they are serious about cleaning up pollution and a political elite stained by corruption.

  • Japan's Bold Move Hits 'Reset' Button on Policy Monday, 4 Mar 2013 | 8:32 PM ET
    Haruhiko Kuroda

    Haruhiko Kuroda will likely make some progress in defeating deflation. At least, he should make some progress in weakening the yen. A forex trader explains why.

  • The world's second largest wine company Treasury Wine Estates sees the strong Aussie dollar as a headwind, but has hit a sweet spot in China.

  • Indonesia Central Bank Shuffle Plan Raises Concern Monday, 4 Mar 2013 | 8:31 PM ET
    Pedestrians cross a street in Jakarta's modern business district.

    Moves by Indonesia's President Susilo Bambang Yudhoyono to put his finance minister in charge of the central bank is leading to concerns that he may be seeking someone more malleable to run the state coffers in the run up to next year's elections.

  • Who's on the Forbes Rich List?     Monday, 4 Mar 2013 | 7:18 PM ET

    For the first time since 2000, Warren Buffett didn't make the top three on the annual Forbes Rich list. Randall Lane, Editor, Forbes tells CNBC who ousted Buffett from his third spot.

  • Can China Break Out of Its IPO Freeze? Monday, 4 Mar 2013 | 7:11 PM ET

    China's IPO action has been locked in ice since October by China Securities Regulatory Commission (CSRC) officials intent on boosting investor confidence and improving scrutiny of stock market hopefuls. CaiXin Online reports.

  • China Curbs May Spark Short-Term Home Rush Monday, 4 Mar 2013 | 6:59 PM ET
    At a property trade fair in Beijing, China

    China's property-related shares fell by the most in nearly five years on plans to tighten curbs on the housing market, though some economists predict a near-term spike in existing home prices, at least until local governments work out how to implement the changes.

  • 10 Cars Rebuilt for Fun—And Profit Monday, 4 Mar 2013 | 12:29 PM ET

    Jeff Allen buys, re-tools and sells cars for top dollar, so he must be doing something right. Read ahead to see 10 cars he restored that turned major profits.

  • What Apple Must Do to Catch Samsung: Analyst Monday, 4 Mar 2013 | 12:22 PM ET
    Apple Store shoppers

    Apple is still struggling in its competition with Google and Samsung, but a launch of new products may help the company get back on track, said an analyst.

  • China's Monetary Policy Baffles Investors Monday, 4 Mar 2013 | 4:10 AM ET

    Since markets got back online after the week-long Lunar New Year holiday last month, the benchmark Shanghai Composite Index has fallen as much as 4 percent or gained as much as 2.25 percent in a single session.

  • HSBC Full-Year Profit Misses, Shares Fall Monday, 4 Mar 2013 | 3:19 AM ET

    Europe's biggest bank HSBC posted a pre-tax profit of $20.65 billion for 2012, much lower than the $22.7 billion forecast by analysts in a Reuters poll.

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