Asia-Pacific News


  • China's Smog Becoming a Serious International Issue Wednesday, 13 Feb 2013 | 12:04 PM ET
    Cyclists and bikers stop at a traffic light, as buildings are faintly seen, rear, shrouded in a haze of smog in Beijing. (AP Photo/Shuji Kajiyama)

    Beijing’s air pollution has soared past levels considered hazardous by the World Health Organization. And now it's not an issue that only the Chinese are worrying about, Oilprice.com says.

  • Brace for G-7 Currency Confusion: El-Erian Wednesday, 13 Feb 2013 | 10:43 AM ET

    G-7 officials issued a currency statement, "clarified" it and then criticized the clarification! Pimco's Mohamed El-Erian says prepare for more confusion.

  • Why the Dollar Rebound Won't Last Wednesday, 13 Feb 2013 | 3:24 AM ET

    The recent rebound in the U.S. dollar has markets questioning just how strong and reliable is the rebound in the dollar index?

  • Why a Ho-Hum Bank of Japan Meeting Still Matters Wednesday, 13 Feb 2013 | 2:54 AM ET
    Bank of Japan headquarters in Tokyo, Japan

    February's Bank of Japan meeting should be less action-packed than January's, which saw unprecedented steps to revive a weak economy. Still, the meeting is important, especially as the central bank prepares to usher in a change in its top policy makers, analysts say.

  • Nothing Says 'I'm Yours' Like a Chocolate Head Wednesday, 13 Feb 2013 | 2:22 AM ET

    Chocolate hearts for loved ones on Valentine's Day are so last year - at least in Japan where one Tokyo design firm offered up its 3D scanner to make miniature chocolate replicas of faces.

  • Qin Yufei forgoes a high-paying career in New York or Beijing to lead a rural Chinese village, setting an example for corruption-free local government. The Christian Science Monitor reports.

  • India's E-Commerce 'Gold Rush' Fraught With Risks Wednesday, 13 Feb 2013 | 1:47 AM ET

    India's online retail market may be growing at an unprecedented pace, but challenges like the lack of profitability among online retailers could mean it may be up to another five years before the sector truly takes off in the Asia's third largest economy.

  • London's Yuan Push Stirs Hopes of Eurodollar-Style Boom Wednesday, 13 Feb 2013 | 1:26 AM ET

    A BofE pledge to help London become a global trading center for China's yuan has stirred talk of a revival in the city's fortunes, similar to the explosion of the U.S. dollar market in the 1960s and 70s.

  • Currency Wars or Just Currency Confusion? Wednesday, 13 Feb 2013 | 12:11 AM ET

    The world's major economies may be trying to ease concerns about a currency war, but it appears that they are sowing confusion in the foreign exchange markets instead.

  • Gree Shares Slump After Cutting Annual Guidance Wednesday, 13 Feb 2013 | 12:09 AM ET

    Shares of Gree tumbled 18 percent to an eight-month low on Wednesday after the social gaming firm slashed its annual earnings forecast.

  • The Future of Pizza Lies in Mobile Phones Tuesday, 12 Feb 2013 | 10:55 PM ET

    Mobile devices and other digital platforms are the future of pizza, with a growing number of Australians and New Zealanders using their mobile phones to make an order.

  • North Korea Crisis: Why China Will Speak Softly Tuesday, 12 Feb 2013 | 8:51 PM ET

    As North Korea's biggest political ally and benefactor, China would appears hold all the cards when it comes to reining in Kim Jong Un's regime. But here's why Beijing will take a soft line. NBC reports.

  • CNOOC-Nexen Deal Wins US Approval, Its Last Hurdle Tuesday, 12 Feb 2013 | 8:22 PM ET
    The Cnooc Ltd. headquarters stand in Beijing, China

    U.S. regulators have approved the $15.1 billion takeover of Canadian oil and gas company Nexen by China's state-owned CNOOC.

  • How We Recovered From China Slump: Leighton CEO Tuesday, 12 Feb 2013 | 8:15 PM ET
    Hamish Tyrwhitt, managing director and chief executive officer of Leighton Holdings

    Leighton Holdings has attributed its return to growth on a re-focus on different Asian growth regions, after the China slowdown hit Australia's largest construction company hard last year.

  • Philippine Catholics Hope for Asia's First Pope Tuesday, 12 Feb 2013 | 7:13 PM ET
    Pope Benedict XVI

    With attention turning from Europe to the "new" world, worshippers in the Philippines prayed quietly and took to social media on Tuesday in the hope their cardinal might be chosen as the next leader of the world's 1.2 billion Roman Catholics.

  • Indonesia's Bakrie Family Agrees Terms of Bumi Split Tuesday, 12 Feb 2013 | 6:50 PM ET
    Nathaniel Rothschild, founder of NR Investments and Samin Tan, chairman of Bumi PLC

    Indonesia's politically connected Bakrie family has agreed to a $640 million deal to sever ties with coal miner Bumi, all but ending their ill-fated London adventure after two years of battles.

  • India's Investment Malaise Thwarting Economic Rebound Tuesday, 12 Feb 2013 | 6:36 PM ET

    Being a big wheel in the earth mover business, Vipin Sondhi has a very clear idea why the Indian economy is stuck in the mud and what the government must do to change the mindset of business executives, like himself.

  • CBA Posts Record Profit Tuesday, 12 Feb 2013 | 6:01 PM ET

    Commonwealth Bank of Australia, the country's biggest mortgage lender, reported a record half-year profit and said it expected domestic business and consumer confidence to improve in line with a more stable global outlook.

  • North Korean Nuclear Test Draws Widespread Anger Tuesday, 12 Feb 2013 | 5:03 PM ET

    North Korea conducted its third nuclear test on Tuesday in defiance of U.N. resolutions, drawing condemnation from around the world, including from its only major ally, China, which summoned the North Korean ambassador to protest.

  • Forget Psy, Meet the Real Gangnam Style Tuesday, 12 Feb 2013 | 1:58 PM ET
    Models walks the runway at the Concept Korea Fall 2013 fashion show during Mercedes-Benz Fashion Week

    Asian designers have already paved their way through the New York fashion scene – names like Phillip Lim, Alexander Wang and Jason Wu have now become household names. But celebrities are already eyeing some of Korea's rising stars; Lie Sang Bong's clients include Beyonce, Lady Gaga and Rihanna. Choi Bo Ko has Whoopi Goldberg as one of his clients.

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