Asia-Pacific News


  • China's brokerage faces punishment over glitch Sunday, 18 Aug 2013 | 7:48 PM ET

    Everbright Securities faces tough sanctions as it apologized for a glitch in its computer systems that caused a spike of more than 5 percent in domestic stock indexes last week.

  • China's Bo Xilai to stand trial Thursday Sunday, 18 Aug 2013 | 7:19 PM ET
    Former top Chinese politician Bo Xilai

    The trial of senior Chinese politician Bo Xilai will start on Thursday, he will face charges of bribery, corruption and abuse of power.

  • The next US alcohol craze may come from China Sunday, 18 Aug 2013 | 11:00 AM ET
    Workers  package baijiu liquor in China.

    Baijiu, the most popular alcoholic drink you've probably never heard of, could make its way to a liquor store near you soon.

  • JPMorgan hit by bribery probe over Chinese hiring Saturday, 17 Aug 2013 | 10:05 PM ET

    Authorities have opened a bribery investigation into whether JPMorgan Chase hired children of powerful Chinese officials to help the bank win business, the New York Times reports.

  • $1 trillion fraud? Skeptics attack China's GDP Friday, 16 Aug 2013 | 9:01 AM ET
    A worker labors on a residential building under construction in Shanghai, China, on Sunday, June 30, 2013.

    China may be exaggerating the size of its economy by $1 trillion by releasing "willfully fraudulent" inflation and GDP [gross domestic product] data, according to a new study.

  • That 6% rally in China? Blame a trading goof Friday, 16 Aug 2013 | 8:28 AM ET
    The arbitrage system of Everbright Securities Company Limited encountered problems this morning, resulting in the benchmark Shanghai Composite Index climbing 3.19 percent to end the morning trade at 2,148.39 points, a two-month high.

    A mysterious surge in Chinese stocks early Friday evaporated in the afternoon—and it appears likely the entire rally stemmed from a trading mistake.

  • The Indian rupee fell to a record low on Friday as central bank measures to tighten capital outflows and curb gold imports were seen as unlikely to prop up the currency.

  • A currency trader monitors exchange rates in a dealing room at the Korea Exchange Bank in Seoul.

    Net capital outflows from Asia's fourth largest economy - South Korea - is expected to hit a record high this year and the culprit behind the move are not the usual suspects.

  • Magnitude 6.8 earthquake shakes New Zealand Friday, 16 Aug 2013 | 12:34 AM ET
    A view of Wellington city, New Zealand

    An earthquake with a preliminary magnitude of 6.8 struck south of New Zealand's capital, Wellington.

  • BHP may face US anti-corruption action Thursday, 15 Aug 2013 | 10:52 PM ET

    BHP Billiton said U.S. authorities have laid out grounds for possible enforcement action against the top global miner for corrupt practices.

  • Feeling lonely? These (fake) lady laps may help Thursday, 15 Aug 2013 | 10:22 PM ET
    Developer of 'Hizamakura', or lap pillow, Makoto Igarashib.

    Introduced several years ago, the Hizamakura 'Lap Pillow' shaped like a lady's lap is enjoying a surge in popularity again among lonely men in Japan.

  • China's flood of problem loans to stretch bad banks Thursday, 15 Aug 2013 | 8:47 PM ET

    Goldman Sachs economists wanted to bring their global clients up to speed on the risks in China's credit boom.

  • What’s really holding back growth in India Thursday, 15 Aug 2013 | 8:00 AM ET

    India's economic growth slowdown will not last long as the government moves to make foreign investment easier, the country's prime minister said on Thursday.

  • Why it may be time to wade back into Emerging Asia Thursday, 15 Aug 2013 | 6:26 AM ET
    Jakarta, Indonesia

    The U.S. Federal Reserve tapering fears spurred an en masse stampede of funds from many regional markets and currencies. But as the dust begins to settle, some managers are calling attractive re-entry points.

  • The boom in emerging markets is over, according to Arnab Das, managing director of market research and strategy at Roubini Global Economics.

  • Can 'Iron Man' star turnaround HTC's fortunes? Thursday, 15 Aug 2013 | 3:20 AM ET
    Actor Robert Downey (L) Jr.and the comic book character Iron Man ring the opening bell in celebration of 'Iron Man 3' at the New York Stock Exchange on April 30, 2013 in New York City.

    Taiwanese smartphone maker HTC has launched a $1 billion global ad campaign with a commercial featuring U.S. film star Robert Downey Jr., in the hope of turning around its fortunes.

  • Japan's foreign bond binge hits three-year high Thursday, 15 Aug 2013 | 1:39 AM ET

    Weekly purchases of foreign bonds by Japanese investors surged to a three-year high last week, as low domestic rates encouraged local institutions to search for higher returns overseas.

  • Onions the new headache for India’s central bank? Thursday, 15 Aug 2013 | 12:23 AM ET

    India saw inflation rate climb to 5.79 percent in July, its fastest pace in five months and above the 5 percent economists had expected.

  • Head of Fonterra’s milk division resigns Wednesday, 14 Aug 2013 | 10:41 PM ET

    The executive of Fonterra's milk business has resigned in the wake of a food safety scare that has threatened to damage the reputation of the world's largest dairy exporter.

  • Is an Apple, China Mobile tie-up imminent? Wednesday, 14 Aug 2013 | 8:27 PM ET

    The stars may finally be aligning for a long-awaited deal between Apple and China Mobile that could help the iPhone maker claw back lost ground in its most important growth markets.

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