Asia-Pacific News


  • Here’s when to get out of the Nikkei rally Tuesday, 23 Jul 2013 | 11:25 PM ET

    Japan's Nikkei is the world's best performing major equity market this year and is tipped to head higher on yen weakness.

  • China's factory activity plunges to 11-month low Tuesday, 23 Jul 2013 | 9:50 PM ET

    China's factory activity shrank for a third straight month in July, a HSBC private survey of Chinese manufacturers showed on Wednesday.

  • Glaxo's China woes may extend to its drug research Tuesday, 23 Jul 2013 | 6:31 AM ET

    Glaxo's problems may go beyond the sales practices that are currently at the center of a bribery and corruption scandal in China. They may extend to its Shanghai research and development center.

  • India to call on non-residents to defend rupee: Report Tuesday, 23 Jul 2013 | 2:16 AM ET
    Indian Rupees

    India is considering calling on its millions of non-resident citizens to help reverse a record slide in the rupee, senior government officials told Reuters on Monday.

  • Singapore's business district skyline at dusk

    Singapore's central bank posted a S$10.61 billion ($8.39 billion) net loss in its last fiscal year as the SGD's gains diminished the value of its foreign currency holdings.

  • Dollar-yen at 102 (not 100) is more crucial: charts Tuesday, 23 Jul 2013 | 1:26 AM ET

    Contrary to popular perception, the important number for dollar-yen is 102, and not 100, according to technical analysis.

  • Japan consumers most optimistic in 7 years Tuesday, 23 Jul 2013 | 12:00 AM ET

    Japan's consumer confidence rose to a seven-year high, a survey by market research firm Nielsen showed, as the country undergoes an economic revival led by Prime Minister Abe.

  • Abe's party has won, so why is the yen strengthening? Monday, 22 Jul 2013 | 11:00 PM ET

    Yen strength following Sunday's election has defied expectations of further currency weakness and left the yen once again drifting away from the key 100-mark versus the dollar.

  • Why Abe's election win isn't the landslide it seems Monday, 22 Jul 2013 | 8:14 PM ET

    Abe's landslide election victory at the weekend was anything but a ringing endorsement from voters. Poll suggests that only about one in four voters gave their support.

  • Acura places bet on China but stays focused on US Monday, 22 Jul 2013 | 1:38 PM ET
    Acura NSX concept car at the Canadian Auto Show in February.

    Honda's long-struggling luxury brand reportedly plans to build cars in China, targeting what is soon expected to become the world's largest market for high-end vehicles.

  • Tepco: Radioactive water likely leaking into sea Monday, 22 Jul 2013 | 11:45 AM ET
    Officials at the Fukushima nuclear power plant in northern Japan

    A Japanese utility said Monday its crippled Fukushima nuclear plant is likely leaking contaminated water into the sea, acknowledging a problem long suspected by experts.

  • Nikkei will surge to 20,000: Top asset manager Monday, 22 Jul 2013 | 6:45 AM ET

    Japanese Prime Minister Shinzo Abe's landslide electoral victory this weekend could push the Nikkei to 20,000 and the yen above 105 against the dollar, the CEO of one of Asia's largest regional asset managers told CNBC.

  • GSK admits execs breached Chinese law Monday, 22 Jul 2013 | 4:28 AM ET

    British drug giant, GlaxoSmithKline admitted that some of its executives in China appear to have violated Chinese law in a bribery and corruption scandal.

  • Defending currencies? More like digging a hole Monday, 22 Jul 2013 | 4:05 AM ET

    Emerging market policymakers who have in recent times tightened monetary conditions to shore up their currencies, may be digging themselves into a hole, economists have warned.

  • Here's what could make or break Abe’s reform plan Monday, 22 Jul 2013 | 3:38 AM ET
    Japanese Prime Minister and ruling Liberal Democratic Party leader Shinzo Abe with supporters.

    If Prime Minister Shinzo Abe is serious about transforming the economy, it's crucial that he pushes ahead with plans to raise a controversial consumption tax, analysts say.

  • China earthquake death toll rises to 22 Monday, 22 Jul 2013 | 2:14 AM ET

    A 6.6 magnitude earthquake in China's western Gansu province killed 22 people and seriously injured hundreds on Monday, adding that many homes in affected areas had collapsed.

  • India ignored warnings in free meal program Monday, 22 Jul 2013 | 12:54 AM ET

    The school in India where 23 children died had been serving lunch under a government-sponsored scheme without monitoring by local officials.

  • Beijing loosens grip on rates—will it matter? Monday, 22 Jul 2013 | 12:44 AM ET

    While the scrapping the floor on lending rates reflects the government's determination to push ahead with reforms, economists say the practical impact would be minimal.

  • Now or never for consumption tax: Japan LDP member Sunday, 21 Jul 2013 | 11:33 PM ET
    Japanese Prime Minister Shinzo Abe.

    Japan will move swiftly to hike the consumption tax, a member of the Liberal Democratic Party (LDP) told CNBC a day after Abe's ruling coalition won the upper house elections.

  • ‘All systems go’ after Abe’s big election win? Sunday, 21 Jul 2013 | 10:40 PM ET
    Shinzo Abe, Japan's prime minister and president of the Liberal Democratic Party (LDP), places a red paper rose on an LDP candidate's name to indicate an upper house election victory on Sunday, July 21, 2013.

    The convincing victory by Abe's ruling coalition on Sunday helps pave the way for long-awaited economic reforms, but only time will tell whether Abe seizes the opportunity.

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