Asia-Pacific News


  • Is the Nikkei Taking Its Cue From China Markets? Wednesday, 26 Jun 2013 | 10:10 PM ET

    Japan's blue-chip stock index doesn’t usually follow the direction of China’s stock market but that has changed this week as the Shanghai Composite slumped to its lowest level in more than four years.

  • Japan’s Fad-Loving Consumer Threatens Sony’s Sales Wednesday, 26 Jun 2013 | 8:51 PM ET
    Sony's Xperia Z

    Sony's Xperia Z, which went on sale in February, has already sold almost a million units by some estimates. But troubles are foreseen for the tech giant. The NYT reports.

  • Rudd Sworn in as Australian PM, Ousts Gillard Wednesday, 26 Jun 2013 | 8:38 PM ET
    Prime Minister of Australia Julia Gillard with former Prime Minister Kevin Rudd in the background.

    Kevin Rudd was sworn in as Australian prime minister for the second time on Thursday, a day after toppling Julia Gillard and three months out from scheduled elections.

  • How an Election Win by Abe Could Defeat Reforms Wednesday, 26 Jun 2013 | 8:02 PM ET
    Japanese Prime Minister Shinzo Abe

    Pessimists fear that Abe could weaken a commitment to economic reforms if his ruling party gets a decisive win in next month's upper house elections.

  • Reality Will Clobber Japan: Peter Schiff Wednesday, 26 Jun 2013 | 1:25 PM ET
    Prime Minister of Japan Shinzo Abe

    For Peter Schiff, the Japanese Nikkei is like tech stocks in the nineties—but worse.

  • US Boss Held by Workers Calls China 'Wild West' Wednesday, 26 Jun 2013 | 12:28 PM ET
    Chip Starnes

    The U.S. businessman who says he's being held hostage by his employees in China over a pay dispute told CNBC he hopes "pretty good negotiations" will bring his captivity to an end.

  • As Asia Rises, US Seen Arming Less of the World Wednesday, 26 Jun 2013 | 10:16 AM ET
    A General Dynamics (Lockheed Martin) F-16 Fighting Falcon undergoes testing in the United States prior to delivery to the Pakistan Air Force.

    The United States remains the largest player in global defense, but that dominance is expected to wane over the next eight years, according to analysis by IHS Jane's Defence.

  • Will the Reprieve for China’s Lenders Last? Wednesday, 26 Jun 2013 | 1:16 AM ET
    Chinese yuan coins on China's flag

    China's central bank says it is ready to help out local lenders suffering under tight credit conditions, but that doesn't mean the reprieve for banks will last long, analysts say.

  • Goldman Sees Struggle Ahead for Chinese Stocks Wednesday, 26 Jun 2013 | 12:47 AM ET

    The investment bank says the central bank's effort to alleviate the liquidity situation is unlikely to drive a turnaround in the slumping stock market.

  • China Doing the Right Thing Taming Credit, Moody's Says Tuesday, 25 Jun 2013 | 11:44 PM ET
    Beijing, China

    China's central bank is right to tame high credit growth and not doing so would have long-term negative consequences, said an official at Moody's Investors Service.

  • The Biggest Risk for Asian Markets Tuesday, 25 Jun 2013 | 11:41 PM ET

    A further spike in U.S. treasury yields and not China's financial instability could be the biggest risk to Asia, analysts say.

  • Chinese on the Hunt for Trophy US Properties Tuesday, 25 Jun 2013 | 10:53 PM ET
    The General Motors (GM) building in New York

    First, it was the Japanese who blew into the U.S. to buy famous pieces of landscape. Now another set of deep-pocketed foreign buyers is pushing ever deeper. The NYT reports.

  • Snowden to Damage US-China Ties: Former CIA Chief Tuesday, 25 Jun 2013 | 10:33 PM ET
    Edward Snowden

    Former director of the U.S. Central Intelligence Agency (CIA) has said the fallout from the Edward Snowden case could be extremely damaging to U.S.-China relations.

  • Even the Resilient Yuan Is Feeling China's Pain Tuesday, 25 Jun 2013 | 9:04 PM ET

    The buoyant currency has fallen to its lowest level in more than a month, finally succumbing to jitters about signs of weakness in the economy.

  • Banks in Singapore Struggling to Replace Lost Traders Tuesday, 25 Jun 2013 | 7:51 PM ET
    Singapore's business district skyline at dusk

    Tougher regulation mean banks in Singapore are struggling to replace the 100 traders who left the market during a rate-fixing probe.

  • As Prices Soar, Chinese Find Comfort in Cheap Grub Tuesday, 25 Jun 2013 | 7:34 PM ET

    The average wage slave in Shanghai may find it harder than ever to get a job or pay rent, but when it comes to cheap grub, the government is there for them. The FT reports.

  • Luxe Housing Braces for Emerging-Market Fallout Tuesday, 25 Jun 2013 | 1:06 PM ET
    A model apartment unit in Miami.

    Troubles in emerging markets could stretch to the luxury apartment markets in New York City and Miami. But only if you're a single-digit millionaire.

  • US Boss in China Says Workers Holding Him Hostage Tuesday, 25 Jun 2013 | 12:00 PM ET
    U.S. businessman Chip Starnes stands behind the bars of his office window in Huairou, China, on June 25, 2013. He says he has been held hostage for five days over a wage dispute.

    An American businessman in China says workers at his factory are holding him hostage in a dispute over money.

  • O'Neill vs. Faber on China Tuesday, 25 Jun 2013 | 7:21 AM ET

    Market veterans Marc Faber and Jim O'Neill — known as Dr. Doom and Mr. BRIC respectively — posted opposite views when asked if the Chinese liquidity crunch was real.

  • Samsung in Talks to Settle EU Antitrust Case Tuesday, 25 Jun 2013 | 6:21 AM ET

    Samsung Electronics is in early talks with the EU antitrust regulator to settle charges that it abused its market position by barring Apple from using an essential mobile phone patent. The talks come after the European Commission told Samsung it was acting unfairly by seeking injunctions against Apple.

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