Asia-Pacific News


  • 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.

  • The Case for Rate Cuts in Asia Just Got Stronger Tuesday, 2 Jul 2013 | 3:44 AM ET

    Manufacturing surveys released this week are a worry for Asia as it would only point to signs of weakness and cement the case for further monetary stimulus, economists say.

  • Here's What's Really Happening in Asia Tuesday, 2 Jul 2013 | 3:08 AM ET

    Asia holds tremendous long-term opportunity when investing, writes Michael A. Yoshikami, founder of DWM Investment Committee.

  • Propaganda authorities have told local media to tone down their reporting to help stabilize financial markets. The Financial Times reports.

  • The RBA kept interest rates unchanged at a record low 2.75 percent on Tuesday, in line with expectations that a weaker Australian dollar would prevent them from making a cut.

  • Mongolia Vote Over, Rio Copper May Get Go-Ahead Tuesday, 2 Jul 2013 | 12:11 AM ET

    First copper exports from Rio Tinto's $6.6 billion Oyu Tolgoi mine in Mongolia may start early next month after incumbent Tsakhia Elbegdorj secured a second four-year term.

  • Is Japan's Nikkei Getting Its Mojo Back? Tuesday, 2 Jul 2013 | 12:03 AM ET
    People walk past an electric quotation board flashing the Nikkei key index of the Tokyo Stock Exchange (TSE) in front of a securities company in Tokyo.

    Japanese stocks, which hit a new one-month high on Tuesday, appear to have got their mojo back, putting the 15,942 mark - a five-and-a-half year peak - within shooting distance.

  • Rout in Debt Markets? Not for 'Dim Sum' Bonds Monday, 1 Jul 2013 | 11:46 PM ET

    The amount of money raised in the junk "dim sum" bond market reached a record high in the second quarter. The Financial Times reports.

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