Asia-Pacific News


  • US Boss Held Captive by Workers Leaves China Thursday, 27 Jun 2013 | 4:48 AM ET
    Chip Starnes

    The American businessman who said he was being held hostage by his factory employees in China over a pay dispute has been released.

  • India's Current Account Good News May Be Fleeting Thursday, 27 Jun 2013 | 3:58 AM ET
    Indian Rupees

    India's current account deficit narrowed sharply in Q1, but the rapidly-falling rupee could threaten the balance going ahead, analysts said.

  • China Industrial Profits Jump in May, Beat Forecast Thursday, 27 Jun 2013 | 12:50 AM ET

    China's industrial profits unexpectedly jumped 15.5 percent in May from the same month last year, beating forecasts and helping to support share markets in China.

  • China Cash Rates Ease for a Fifth Straight Day Thursday, 27 Jun 2013 | 12:45 AM ET

    Chinese money market rates extended their moderation into a fifth day on Thursday after the central bank did not drain any cash from the market, and stocks recovered some of their big losses from earlier in the week as investor sentiment steadied.

  • Can Rudd Stop the Rout in the Australia Dollar? Thursday, 27 Jun 2013 | 12:16 AM ET

    The swearing in of Kevin Rudd on Thursday for a second time as Australia's prime minister brought some relief to the Aussie dollar, which hit a one-week high on the news.

  • Is the Nikkei Taking Its Cue From China Markets? Wednesday, 26 Jun 2013 | 10:10 PM ET

    Japan's blue-chip stock index doesn’t usually follow the direction of China’s stock market but that has changed this week as the Shanghai Composite slumped to its lowest level in more than four years.

  • Japan’s Fad-Loving Consumer Threatens Sony’s Sales Wednesday, 26 Jun 2013 | 8:51 PM ET
    Sony's Xperia Z

    Sony's Xperia Z, which went on sale in February, has already sold almost a million units by some estimates. But troubles are foreseen for the tech giant. The NYT reports.

  • Rudd Sworn in as Australian PM, Ousts Gillard Wednesday, 26 Jun 2013 | 8:38 PM ET
    Prime Minister of Australia Julia Gillard with former Prime Minister Kevin Rudd in the background.

    Kevin Rudd was sworn in as Australian prime minister for the second time on Thursday, a day after toppling Julia Gillard and three months out from scheduled elections.

  • How an Election Win by Abe Could Defeat Reforms Wednesday, 26 Jun 2013 | 8:02 PM ET
    Japanese Prime Minister Shinzo Abe

    Pessimists fear that Abe could weaken a commitment to economic reforms if his ruling party gets a decisive win in next month's upper house elections.

  • Reality Will Clobber Japan: Peter Schiff Wednesday, 26 Jun 2013 | 1:25 PM ET
    Prime Minister of Japan Shinzo Abe

    For Peter Schiff, the Japanese Nikkei is like tech stocks in the nineties—but worse.

  • US Boss Held by Workers Calls China 'Wild West' Wednesday, 26 Jun 2013 | 12:28 PM ET
    Chip Starnes

    The U.S. businessman who says he's being held hostage by his employees in China over a pay dispute told CNBC he hopes "pretty good negotiations" will bring his captivity to an end.

  • As Asia Rises, US Seen Arming Less of the World Wednesday, 26 Jun 2013 | 10:16 AM ET
    A General Dynamics (Lockheed Martin) F-16 Fighting Falcon undergoes testing in the United States prior to delivery to the Pakistan Air Force.

    The United States remains the largest player in global defense, but that dominance is expected to wane over the next eight years, according to analysis by IHS Jane's Defence.

  • Will the Reprieve for China’s Lenders Last? Wednesday, 26 Jun 2013 | 1:16 AM ET
    Chinese yuan coins on China's flag

    China's central bank says it is ready to help out local lenders suffering under tight credit conditions, but that doesn't mean the reprieve for banks will last long, analysts say.

  • Goldman Sees Struggle Ahead for Chinese Stocks Wednesday, 26 Jun 2013 | 12:47 AM ET

    The investment bank says the central bank's effort to alleviate the liquidity situation is unlikely to drive a turnaround in the slumping stock market.

  • China Doing the Right Thing Taming Credit, Moody's Says Tuesday, 25 Jun 2013 | 11:44 PM ET
    Beijing, China

    China's central bank is right to tame high credit growth and not doing so would have long-term negative consequences, said an official at Moody's Investors Service.

  • The Biggest Risk for Asian Markets Tuesday, 25 Jun 2013 | 11:41 PM ET

    A further spike in U.S. treasury yields and not China's financial instability could be the biggest risk to Asia, analysts say.

  • Chinese on the Hunt for Trophy US Properties Tuesday, 25 Jun 2013 | 10:53 PM ET
    The General Motors (GM) building in New York

    First, it was the Japanese who blew into the U.S. to buy famous pieces of landscape. Now another set of deep-pocketed foreign buyers is pushing ever deeper. The NYT reports.

  • Snowden to Damage US-China Ties: Former CIA Chief Tuesday, 25 Jun 2013 | 10:33 PM ET
    Edward Snowden

    Former director of the U.S. Central Intelligence Agency (CIA) has said the fallout from the Edward Snowden case could be extremely damaging to U.S.-China relations.

  • Even the Resilient Yuan Is Feeling China's Pain Tuesday, 25 Jun 2013 | 9:04 PM ET

    The buoyant currency has fallen to its lowest level in more than a month, finally succumbing to jitters about signs of weakness in the economy.

  • Banks in Singapore Struggling to Replace Lost Traders Tuesday, 25 Jun 2013 | 7:51 PM ET
    Singapore's business district skyline at dusk

    Tougher regulation mean banks in Singapore are struggling to replace the 100 traders who left the market during a rate-fixing probe.

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