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  • Year of the Snake: Good for Banks, Bad for Oil? Thursday, 7 Feb 2013 | 12:35 AM ET

    The Great Depression in 1929, the Pearl Harbor attack in 1941 and the dot-com bubble bursting in 2001 – all these events happened during the year of the snake. So, should we be worried about what 2013 - the latest Chinese Year of the Black Water Snake – has in store for us? The annual Feng Shui Index brought out by Asian brokerage CLSA gives some clues.

  • Are Markets Becoming Too Complacent? Wednesday, 6 Feb 2013 | 10:46 PM ET

    As investors push equities and other risk assets to multi-year highs, one question being raised by analysts is whether or not upbeat markets are becoming too complacent.

  • India Considers Further Curbs on Gold Imports Wednesday, 6 Feb 2013 | 10:21 PM ET

    India's central bank could limit gold imports by banks in "extreme circumstances," it said on Wednesday, as it put forward measures to help the world's biggest consumer of gold rein in purchases and battle a record-high current account deficit.

  • Japan's core machinery orders surged unexpectedly in December, up for a third straight month and firms expect more improvement in the first quarter, taking heart from recent yen weakness on the back of Japan's aggressive monetary easing stance.

  • In this Tuesday, Sept. 25, 2012 photo, budget airlines' passenger jets, Malaysia's AirAsia, top, Indonesia's Badavia Air, third from bottom and bottom, and Indonesia's Lion Air, second bottom, are parked on the tarmac with Indonesian planes of domestic airline Merpati Nusantara, second top, and the flagship carrier Garuda Indonesia at Juanda International Airport in Surabaya, East Java, Indonesia. From almost none a decade ago, Asia now has more than 50 low cost carriers.

    Indonesia's economic boom should be a bonanza for airlines clamoring for a slice of the world's fourth-most populous country. But the bankruptcy of its No. 4 airline, Batavia Air, shows how smaller operators are finding it hard to survive.

  • Silence on Match-Fixing Probe Puts Singapore at Risk Wednesday, 6 Feb 2013 | 6:59 PM ET

    Singapore is working with European authorities investigating the fixing of soccer matches on a global scale but its silence on any action being taken against local suspects risks damaging the reputation of the wealthy, tightly regulated Asian country.

  • Bond Frenzy Stokes Bubble Fears in China's Real Estate Wednesday, 6 Feb 2013 | 6:40 PM ET

    Chinese property companies are rushing to the dollar bond market, almost matching last year's sales in the first month of 2013 alone, in a frenzy that could inflate the sector's gearing and the broader risk of a housing price bubble.

  • The Chinese Consumer Could Define Year of Snake Wednesday, 6 Feb 2013 | 2:53 AM ET

    Pineapple tarts, red paper lanterns and delicacies such as abalone – just some examples of the traditional goods that China's shoppers snap up ahead of the Chinese New Year.

  • Macau Gaming Stocks Slide on Fears of Crackdown Wednesday, 6 Feb 2013 | 2:35 AM ET

    Macau gambling stocks such as Sands China and Galaxy Entertainment Group fell on Wednesday after a media report said Beijing may crack down on junket operators that bring in Chinese VIP high-rollers, arrange credit and collect debts.

  • Australia's Run of Retail Weakness Extremely Rare Tuesday, 5 Feb 2013 | 9:57 PM ET

    Australian retail sales fell for a third straight month in December, an extremely rare run of weakness that strengthened the case for further cut in interest rates and knocked the local dollar lower.

  • Pyongyang Threatens to Go Beyond Nuclear Test Tuesday, 5 Feb 2013 | 8:14 PM ET

    North Korea stepped up its bellicose rhetoric on Tuesday, threatening to go beyond carrying out a promised third nuclear test in response to what it believes are "hostile" sanctions imposed after a December rocket launch.

  • ANA Cancels All Dreamliner Flights for February Tuesday, 5 Feb 2013 | 7:42 PM ET

    All Nippon AIrways on Wednesday canceled all remaining Boeing 787 flights until the end of February.

  • Australian Prime Minister Julia Gillard

    One thing is already clear about Australia's unprecedented eight-month election campaign: it won't be a popularity contest. Prime Minister Julia Gillard, regularly described on talkback radio and in conservative media as untrustworthy and desperately clinging to power, is set to be trounced in the September election if opinion polls are to be believed.

  • Southeast Asia's Biggest Lender Misses in Earnings Tuesday, 5 Feb 2013 | 7:19 PM ET

    DBS Group Holdings, Southeast Asia's biggest lender, posted an 11 percent rise in core fourth-quarter net profit on Wednesday after a drop in bad debt charges but missed expectations due to weak margins.

  • Disputed set of islands in East China Sea, referred to as Senkaku or Diaoyu islands.

    A Chinese navy vessel aimed a type of radar normally used to aim weapons at a target at a Japanese navy ship in the East China Sea, prompting Japan to protest, Japan's defense minister said on Tuesday, an action that could complicate efforts to cool tension in a territorial row between the rivals.

  • China OKs Sweeping Tax Reforms to Tackle Inequality Tuesday, 5 Feb 2013 | 6:04 PM ET

    China unveiled sweeping tax reforms on Tuesday to make wealthy state-owned firms, property speculators and the rich pay more to narrow a yawning gap between an urban elite and hundreds of millions of rural poor.

  • Jim O'Neill

    Jim O'Neill, the chairman of Goldman Sachs Group's asset management division who coined the popular term "BRIC" to refer to four fast-growing emerging markets, will retire later this year, according to an internal memo.

  • KFC parent Yum Brands on Tuesday said time, not ad spending, is the cure for a steep sales decline in China that was sparked by a food safety scare.

  • Indonesia Defies Weak Exports to Post Robust Growth Tuesday, 5 Feb 2013 | 1:33 AM ET
    Jakarta

    Indonesia reported marginally lower-than-expected economic growth of 6.23 percent in 2012, a year in which robust domestic demand and investment outweighed declining exports and a trade deficit that put pressure on the country's currency.

  • Toyota Shares Surge Past 4-Year Highs After Earnings Tuesday, 5 Feb 2013 | 1:22 AM ET

    Toyota Motor raised its annual net profit forecast by more than 10 percent to 860 billion yen ($9.3 billion) on strong sales of the Camry sedan and other vehicles in its biggest market the United States, as well as the yen's drop.

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