Asia-Pacific News


  • G7 Looks to Central Banks to Prop Up Growth Thursday, 9 May 2013 | 8:35 PM ET

    Many of the world's most powerful finance chiefs will meet on Friday to discuss if central banks can do more to bolster a fragile global recovery.

  • Investors Continue to Move From Gold to Equities Thursday, 9 May 2013 | 4:55 PM ET

    Despite gold prices bouncing off their April lows, investors continue to pull money out of gold and plow it into equity funds as the stock market keeps climbing to new highs.

  • Dollar Hits 4-Year High, Piercing Key 100-Yen Mark Thursday, 9 May 2013 | 3:58 PM ET

    The dollar crossed the key 100-yen mark for the first time in four years Thursday and is expected to keep rising, with a year-end target of 105.

  • Why I’m Buying Facebook: Leon Cooperman Thursday, 9 May 2013 | 1:25 PM ET
    Leon Cooperman, chairman of Omega Advisors

    Investors are overlooking Facebook's potential at their own peril, Leon Cooperman of Omega Advisors said Thursday on CNBC.

  • China Is 'Core Curriculum': Schwarzman Thursday, 9 May 2013 | 10:44 AM ET

    Steve Schwarzman, co-founder of PE giant Blackstone, told CNBC he's starting a $300 million scholarship in China in hopes of defusing tensions between Beijing and the West.

  • Huawei's CEO Breaks Silence on US Cyberattacks Thursday, 9 May 2013 | 10:44 AM ET
    Ren Zhengfei (center) of Huawei Technologies

    Ren Zhengfei, founder and CEO of Huawei Technologies, defended the Chinese firm's stand on U.S. cybersecurity concerns when he spoke to the media for the first time on Thursday.

  • Hank Greenberg on China, Iran and Soviet 'Minders' Thursday, 9 May 2013 | 9:00 AM ET
    Hank Greenberg

    Hank Greenberg, the former head of insurance giant AIG, tells CNBC about building AIG from a small domestic insurance company into the mammoth global player that it became.

  • Forget Software, Hardware Is Next Big Tech Trend Thursday, 9 May 2013 | 8:01 AM ET

    Hardware startups are on the rise and are getting serious attention from venture capitalists looking to place bets.

  • The Race to Cut Rates: Just Look What Japan Started Thursday, 9 May 2013 | 5:47 AM ET

    In a year that's supposed to be about rising interest rates, monetary policy seems to be moving in the opposite direction.

  • Was Australia's Central Bank Right to Cut Rates? Thursday, 9 May 2013 | 2:53 AM ET
    Shoppers in Bondi Beach in Sydney, Australia

    Australia's much better than expected jobs data on Thursday have many market watchers wondering if the Reserve Bank of Australia (RBA) did the right thing by cutting interest rates earlier this week.

  • Sony Posts Highest Annual Profit in Five Years Thursday, 9 May 2013 | 2:25 AM ET
    A Sony Corp. store

    Sony said it expects operating profit to hold steady in the year to next March after rising to its highest in five years last year.

  • China Inflation Data Show Central Bank's Dilemma Thursday, 9 May 2013 | 1:24 AM ET

    China's annual consumer inflation rose by more than expected in April while factory prices fell for a 14th consecutive month, highlighting the dilemma facing the central bank.

  • Why There's a Lot More 'Juice' in the Yuan Trade Thursday, 9 May 2013 | 12:53 AM ET

    Even as China gets serious in fending off speculative inflows, analysts tell CNBC the measures taken by Beijing will do little to derail a strengthening Chinese currency.

  • EU Approves China Solar Import Duties in Bold Move Thursday, 9 May 2013 | 12:43 AM ET

    The European Commission agreed on Wednesday to impose punitive import duties on solar panels from China in a move to guard against Chinese dumping of cheap goods in Europe.

  • Australia Employment Surges 50,100, Jobless Dips Wednesday, 8 May 2013 | 10:24 PM ET

    Australian employment surged by 50,100 in April to more than make up for a drop the previous month and nudge the jobless rate down, a resoundingly upbeat report.

  • Bank of Korea Cuts Interest Rates in Surprise Move Wednesday, 8 May 2013 | 10:11 PM ET
    Bank of Korea headquarters in Seoul

    South Korea's central bank cut interest rates for the first time in seven months on Thursday, confounding the expectations of most market analysts that it would leave rates unchanged.

  • Japan Bear Warns on Unfolding Debt Crisis Wednesday, 8 May 2013 | 9:41 PM ET
    Tokyo, Japan

    Japan will be consumed by a debt crisis surpassing the U.S. subprime crash, telling investors that "the beginning of the end has begun" for Japan's finances. The Financial Times reports.

  • China Acts to Fend Off Tide of Speculative Inflows Wednesday, 8 May 2013 | 9:01 PM ET

    China's central bank signaled on Wednesday it was prepared to change its monetary strategy to fend off inflows of speculative capital.

  • NAB Profit Sends Australia's 'Big Four' to Record High Wednesday, 8 May 2013 | 8:19 PM ET
    National Australia Bank

    National Australia Bank added to bumper bank earnings on Thursday with a 3.1 percent rise in first-half cash profit, propelling combined earnings at Australia's "Big Four" to a record high.

  • News Corp. Profit Beats, Boosted by Cable Strength Wednesday, 8 May 2013 | 7:11 PM ET

    News Corp. earnings beat expectations as strength in cable offset offset declines in publishing and education. Shares rose after-hours.

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