Asia-Pacific News


  • Google Launches Music Service, Taking on Pandora Wednesday, 15 May 2013 | 1:10 PM ET
    Google Inc. introduced a subscription music-streaming service, one of several product updates to be unveiled at a developer meeting this week as the search provider seeks to attract more users and advertisers.

    The world's top search engine announced the music streaming service, which has built-in features to help users discover new music, at its annual developers conference in San Francisco.

  • Hedge Fund Billionaire Loeb: Sony Reminds Me of Yahoo Wednesday, 15 May 2013 | 12:05 PM ET
    Daniel Loeb, founder and chief executive officer of Third Point LLC

    Billionaire hedge fund manager Daniel Loeb said Sony reminds him of Yahoo before he waged a bitter proxy fight that triggered a boardroom shake-out at the Internet company.

  • Commodity Fears and China Trouble Fund Managers Wednesday, 15 May 2013 | 7:52 AM ET

    Even as stocks extend their mostly uninterrupted path higher, fund managers are holding big amounts of cash, worrying about China and a commodities crash.

  • The Heat May Be Off Asia’s Hottest Property Markets Wednesday, 15 May 2013 | 3:42 AM ET

    Property markets in Hong Kong and Singapore have turned red hot in recent times raising fears of a bubble. But research from real estate services firm Jones Lang LaSalle suggests some of this heat could be coming off.

  • EU Trade Talks on ‘Last Lap’: India Commerce Minister Wednesday, 15 May 2013 | 3:08 AM ET
    Anand Sharma, Indian Minister of Commerce and Industry

    The free trade talks between India and the EU, which started in 2007, were close to ending in a deal that would be the "biggest" free trade agreement that the EU would have entered into, India's Commerce Minister Anand Sharma told CNBC in Singapore.

  • China Still a Wallflower at the Global Market Party Wednesday, 15 May 2013 | 2:58 AM ET

    The boom in equity markets from Frankfurt to New York and Tokyo has yet to reach Shanghai, which continues to lag behind its global peers. Still, analysts reckon China stocks will soon play catch-up.

  • China Hard Landing Fears Return for Fund Managers Wednesday, 15 May 2013 | 2:04 AM ET

    More fund managers believe "a hard landing" for China is among the biggest tail risks facing markets, a survey shows.

  • HSBC Could Cut 14,000 More Jobs In War on Costs Wednesday, 15 May 2013 | 12:33 AM ET

    HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs globally, as it seeks to drive earnings and dividend growth in the face of muted revenue.

  • Central Banks Are Repeating Greenspan’s Mistake Wednesday, 15 May 2013 | 12:00 AM ET
    Alan Greenspan

    Central banks around the world are repeating the mistakes of former Federal Reserve Chairman Alan Greenspan by flooding markets with cheap money, according to Brunel University's Moorad Choudhry.

  • HSBC: Why We Are Still Bullish on China Tuesday, 14 May 2013 | 11:44 PM ET

    Chinese economic data for April has largely underperformed market expectations prompting many economists to rethink their growth projections for the world's second largest economy.

  • Nikkei 'Bubbly,' Correction on the Way: Ex-Minister Tuesday, 14 May 2013 | 10:35 PM ET
    Eisuke Sakakibara,  professor at Waseda University and former vice minister of Japan

    Japanese equities have risen a "bit too fast" and appear to be somewhat "bubbly," according to the former vice finance minister of Japan, as the Nikkei crossed the key 15,000 on Wednesday.

  • Is Australia the Next Euro Zone? Maybe Tuesday, 14 May 2013 | 10:28 PM ET

    Australia's higher-than-expected budget has raised concerns that the country could follow the same path as the highly-indebted euro zone.

  • Singapore Telecommunications posted on Wednesday a 33 percent fall in fourth quarter net profit, hurt by a one-time loss arising from the sale of its stake in Pakistan's Warid.

  • China Poised to Surpass US in Corporate Debt Tuesday, 14 May 2013 | 8:37 PM ET

    China is forecast to surpass the U.S. as the world's largest corporate debt market for non-financial companies in the next two years. The Financial Times reports.

  • Loeb's Move on Sony: Did Traders Know Beforehand? Tuesday, 14 May 2013 | 7:52 PM ET
    Sony TVs on display

    A surge in option market bets on Sony just before a large hedge fund investor announced a big stake has raised concerns that some traders may have had advance word of the news.

  • Pakistan Vote Boosts Bull Case for Mobius, Goldman Tuesday, 14 May 2013 | 7:26 PM ET

    A victory by former prime minister Nawaz Sharif in Pakistan's general election has lifted stocks to an all-time high - a sign that investors, which include Goldman Sachs and Mark Mobius of Templeton, are betting on further market gains.

  • Getting Australia's Budget Back to the Black  Tuesday, 14 May 2013 | 6:07 PM ET

    Australia's Labor government delayed its promise to return the country to a budget surplus. CNBC's Matthew Taylor reports live from Canberra.

  • It's a 'My Cousin Vinny' Market: Tepper Tuesday, 14 May 2013 | 9:35 AM ET
    David Tepper, President and Founder of Appaloosa Management

    Hedge fund titan David Tepper said he's still bullish on stocks and investors shouldn't worry about the Fed tapering its massive bond-buying program.

  • BlackBerry CEO Heins Unveils New Mid-Tier Phone Tuesday, 14 May 2013 | 8:56 AM ET
    Blackberry launches their new Q5 smartphone.

    BlackBerry unveiled a new mid-tier smartphone device with a physical keyboard and said its make-or-break new devices had put the company back on "solid ground."

  • Australia Delays Budget Surplus as Election Looms Tuesday, 14 May 2013 | 5:39 AM ET
    Sydney, Australia.

    Australia's Labor government on Tuesday used the last budget before national elections to delay a long-promised return to surplus, blaming a stubbornly high Australian dollar and lower commodity prices for a dramatic fall in revenues.

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