Asia-Pacific News


  • Activity in BRICs shrinks for first time in 4 years Monday, 5 Aug 2013 | 11:58 PM ET

    Manufacturing activity in emerging markets fell to a post-financial crisis low in July as output contracted in its four largest economies for the first time since March 2009, says HSBC.

  • A satellite image of the Fukushima Nuclear Reactor following concerns over a build-up of radioactive ground water.

    Highly radioactive water seeping into the ocean from Japan's crippled Fukushima nuclear plant is creating an "emergency," the country's nuclear watchdog said on Monday.

  • Sales tax hike will hurt Japan but must happen: IMF Monday, 5 Aug 2013 | 11:30 PM ET

    Japan's upcoming consumption tax hike will hurt growth, but it's a necessary sacrifice, said Jerry Schiff, mission chief for Japan at the International Monetary Fund.

  • Gold miners: we aren't in ‘dire straits’ Monday, 5 Aug 2013 | 11:12 PM ET

    The recent crash in gold prices has triggered concerns over the future of the bullion market, but mining executives in Australia insist that the industry is not in "dire straits."

  • Australia interest rates to go lower, for longer Monday, 5 Aug 2013 | 8:44 PM ET
    Sydney, Australia

    The Reserve Bank of Australia (RBA) holds its August policy meeting on Tuesday and is considered almost certain to cut rates a quarter point to 2.5 percent.

  • HSBC shares tumble as profit disappoints Monday, 5 Aug 2013 | 1:13 PM ET

    HSBC, one of the world's largest banks, suffered a hit to its share price on Monday morning after posting disappointing results.

  • Why emerging markets could sell off again Monday, 5 Aug 2013 | 10:14 AM ET

    The risk that the Federal Reserve starts winding down its asset purchases sooner rather than later could spark another emerging market sell-off, analysts told CNBC, with some countries better placed to deal with higher real U.S. interest rates than others.

  • Is China starting a new era of corporate crackdown? Monday, 5 Aug 2013 | 10:06 AM ET
    GlaxoSmithKline Shanghai headquarters

    High-profile actions against Western companies in China in recent months suggest the world's second-biggest economy is starting a new era of toughness on corruption.

  • Dumex baby formula, which uses the New Zealand dairy company Fonterra as its raw material supplier, at a store in Yichang, in central China's Hubei province on August 5, 2013.

    China has halted the import of all milk powder from New Zealand and Australia, after Fonterra, the world's biggest dairy exporter, said it had found bacteria in some products that could cause botulism, a potentially fatal disease.

  • West Australian Premier, Colin Barnett

    Australia's mining industry has been under increasing pressure over the past year, as slowing growth in China has led to waning demand and a slump in prices of key commodities.

  • Will the Chinese data deluge continue to impress? Monday, 5 Aug 2013 | 3:46 AM ET

    As investors prepare for a deluge of data out of China this week, analysts told CNBC better-than-expected numbers could underscore the positive mood.

  • China could ease one-child policy by year-end Monday, 5 Aug 2013 | 3:03 AM ET

    Beijing may relax the one-child policy by end-2013, said experts, following recent local media reports that the government is mulling changes to its law.

  • China data may catch bears on the wrong foot Monday, 5 Aug 2013 | 1:50 AM ET

    Oil markets are betting that key China indicators due this week will likely confirm a slowdown, despite official data last week showing surprise growth in factory activity.

  • The second quarter is shaping up to be a high point for corporate Japan in recent memory, with the majority of companies beating consensus estimates in their earnings reports.

  • A raft of data from China is likely to put the world's second-largest economy back in focus for Asian markets this week, with central bank meetings in Australia, Japan and South Korea also on the calendar.

  • China halts milk powder imports from New Zealand Sunday, 4 Aug 2013 | 6:00 AM ET

    China has halted imports of all milk powder from New Zealand and Australia,after bacteria that can cause botulism found in some dairy products raised food safety concerns.

  • How China goes crazy on 'Singles Day' Sunday, 4 Aug 2013 | 6:00 AM ET

    China's Singles' Day had online sales of $4 billion last year, driven by the growing middle class. But the real power is Internet giant Alibaba, which co-opted the holiday to cause consumers hysteria.

  • Australian Prime Minister Kevin Rudd calls for September 7 election.

    Australian Prime Minister Kevin Rudd called a Sept. 7 general election on Sunday, barely six weeks after he toppled former leader Julia Gillard in a party-room vote, ending a turbulent three years in power for the minority Labor government.

  • World's biggest dairy exporter issues botulism alert Saturday, 3 Aug 2013 | 4:51 AM ET

    New Zealand's Fonterra said it had found that an ingredient in its dairy products that contained a strain of a bacteria which can cause botulism, prompting China to recall affected products.

  • Is China's outlook improving? Services sector picks up Saturday, 3 Aug 2013 | 1:33 AM ET

    Growth in China's non-manufacturing sector improved in July as Beijing's recent support measures for small firms helped improve sentiment, though companies noted that inflation is picking up and pushing up costs.

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