Asia-Pacific News


  • Angry Farmers, Unsold Rice: Thailand Near Crisis? Wednesday, 27 Mar 2013 | 7:23 PM ET

    Thailand is set to sell half-a-million tons of rice on world markets at a loss, as it scrambles to offload a record stockpile deteriorating in quality in warehouses filled with grain.

  • Vera Wang Scraps 'Try-On Fee' at China Stores     Wednesday, 27 Mar 2013 | 7:20 PM ET

    In response to global outcry, the queen of bridal couture, Vera Wang, is abolishing the near $500 fee for Chinese brides-to-be to try on garments at her Shanghai bridal boutique.

  • Cyprus Banks Opening: Guards Prepare for Battle Wednesday, 27 Mar 2013 | 4:19 PM ET

    Cyprus reopens its banks on Thursday with capital controls in place and guards at branches to help avert bank runs.

  • Watch Out, World Bank: Here Comes the BRICS Bank Wednesday, 27 Mar 2013 | 9:48 AM ET

    Leaders of the five BRICS nations plan to create a development bank in a direct challenge to the World Bank that they accuse of Western bias. The bank would use $50 billion of seed capital shared equally but dominated by China.

  • Philippines Wins First Investment Grade Rating Wednesday, 27 Mar 2013 | 5:38 AM ET

    Fitch Ratings raised the Philippines' credit rating to investment grade on Wednesday, a first for the Southeast Asian nation, in a move expected to boost investment and lift the country's long-term growth potential.

  • Sunny Days Still for China Banks Wednesday, 27 Mar 2013 | 4:00 AM ET

    Analysts say the sector remains robust even as China's biggest banks reported their worst annual earnings growth since going public.

  • Nikkei Gains: You Ain’t Seen Nothing Yet Wednesday, 27 Mar 2013 | 2:38 AM ET

    The bumper run in Japanese equities is just getting started, according to investment strategists, who expect larger gains ahead.

  • Ssshh! Why Japan Is Keeping Quiet on the Yen Wednesday, 27 Mar 2013 | 1:19 AM ET

    After talking their currency down 20 percent over the past four months, Japanese policymakers have suddenly gone silent as the yen halts its dramatic fall. Why?

  • BOJ Seen Starting Asset Purchases Immediately Wednesday, 27 Mar 2013 | 1:18 AM ET
    The Bank of Japan headquarters in Tokyo, Japan

    The Bank of Japan is likely to start open-ended asset purchases immediately rather than in 2014 and consider setting a new target to buy longer-dated bonds at its rate review next week, sources say.

  • Are Aussie Stocks Headed for a Correction? Tuesday, 26 Mar 2013 | 11:55 PM ET
    Sydney, Australia.

    The steady rise of the Australian ASX 200 index has slowed and is developing the potential to turn into a downtrend.

  • Singapore Economy Risks Another Contraction Tuesday, 26 Mar 2013 | 11:44 PM ET

    The outlook for the wealthy island nation of Singapore is turning increasingly grim with a recent mix of downbeat economic indicators pointing to a contraction for the economy in the current quarter.

  • As Sanctions Tighten, North Korea Threatens Combat Tuesday, 26 Mar 2013 | 8:39 PM ET

    North Korea repeated threats on Tuesday to target U.S. military bases as Washington and its allies tightened economic sanctions against the isolated country by targeting Pyongyang's main foreign exchange bank.

  • China's Growth May Slow Sharply by 2030: Fed Study Tuesday, 26 Mar 2013 | 8:01 PM ET

    Economic growth in China faces mounting headwinds and could fade dramatically in the years ahead due to declining productivity and an aging population.

  • Why the Next Goldman Sachs Will Be Made in China Tuesday, 26 Mar 2013 | 7:42 PM ET

    The chairman of CITIC Securities is busy remodeling China's biggest brokerage after Goldman by expanding into asset management, trading complex derivatives instruments and nurturing overseas deals.

  • Autodesk: Why We Are Recession-Proof     Tuesday, 26 Mar 2013 | 7:40 PM ET

    On the back of strong 2012 profits, Mark Hawkins, Chief Financial Officer at Autodesk, tells CNBC how the firm is able to withstand economic weakness.

  • Chinese Banks Annual Profits Fail to Impress     Tuesday, 26 Mar 2013 | 7:21 PM ET

    Deirdre-Wang Morris guides investors through the latest earnings of two of China's biggest banks after a slowdown in the world's second largest economy hit loan demand.

  • Li Ka-Shing Warns of Volatile Hong Kong Property Tuesday, 26 Mar 2013 | 7:16 PM ET
    Li Ka-shing, chairman of Cheung Kong (Holdings) Ltd. and Hutchison Whampoa

    A series of tightening measures have put the brakes on Hong Kong's overheated property sector, forcing developers to cut prices and prompting a warning from Asia's richest man Li Ka-shing: speculators stay away.

  • Two Biggest Misconceptions About Gold Tuesday, 26 Mar 2013 | 5:34 PM ET

    Gold is one of the most widely held financial assets – but that doesn't mean everyone understands why it goes higher or lower.

  • China's New President Offers Africa 'No Strings' Aid Tuesday, 26 Mar 2013 | 4:39 PM ET
    President of the Republic of South Africa, Jacob Zuma (2ndR) receives President of the People's Republic of China, Xi Jinping (L)

    Only 11 days since taking over as Chinese president, Xi Jinping is already in Africa offering goodies with "no political strings." GlobalPost reports.

  • Amazing supercar experiences Tuesday, 26 Mar 2013 | 4:13 PM ET

    For a fraction of the cost of buying a supercar, laymen drivers can drive a Ferrari on a closed course for a few laps. This experience is sold by businesses and manufacturers, and even though it’s over quickly, it’s exhilarating and unforgettable.

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