Asia-Pacific News


  • Appetite for Bonds Sours as Asia Investors Get Burned Tuesday, 18 Dec 2012 | 6:56 PM ET

    Asia's wealthiest investors may lose some of their appetite for corporate bonds after getting burned in recent deals, analysts and bankers say, sowing caution in a market where issuance hit a record this year and hiking funding costs for riskier borrowers.

  • The Indian parliament cleared a path for more foreign investment in the banking sector by approving a bill to increase shareholders' voting rights.

  • Australian surf wear company Billabong International said on Wednesday it has received a $556 million takeover bid for the company, the latest development in a tumultuous year in which three previous takeover offers failed.

  • Why China May Be Facing US-Style Credit Crunch Tuesday, 18 Dec 2012 | 4:43 PM ET

    China, already struggling with a slowing economy, may now be facing the type of credit crunch that helped derail the U.S. economy four years ago.

  • Fund Managers More Bullish on Economy, China Tuesday, 18 Dec 2012 | 2:25 PM ET
    World Financial Center in Shanghai, China

    Global fund managers are more bullish than they have been in nearly two years, particularly about China, even as they fear the U.S. "fiscal cliff."

  • Rich Chinese Flee, Bringing Their Wealth With Them Tuesday, 18 Dec 2012 | 11:37 AM ET

    A new report shows that 150,000 mostly wealthy Chinese emigrated in 2011, costing the country jobs and economic growth.

  • Toyota Hit With Record Fine for Delay in US Recall Tuesday, 18 Dec 2012 | 10:17 AM ET

    Toyota Motor has been ordered to pay a record fine of $17.35 million for failing to report a safety defect to the U.S. government in a timely manner, the U.S. Department of Transportation said.

  • The Swiss National Bank is opening a branch in Singapore to allow for round-the-clock management of its foreign exchange reserves, which it needs to tap to defend the safe-haven franc from over-heating.

  • Why Chinese Investors Fear the Stock Market Tuesday, 18 Dec 2012 | 4:49 AM ET
    Investors watch the electronic board at a stock exchange hall in Huaibei, China.

    The U.S. Securities and Exchange Commission (SEC) is half way across the world from brokerages in Beijing, but small time investor Zhao Qiang is monitoring the American market regulator's moves.

  • Judge Rejects Apple Injunction Bid Versus Samsung Tuesday, 18 Dec 2012 | 2:22 AM ET

    A U.S. judge on Monday denied Apple's request for a permanent injunction against Samsung's smartphones.

  • BOJ to Mull 2% Inflation Target as Abe Turns Up Heat Tuesday, 18 Dec 2012 | 1:58 AM ET
    Bank of Japan headquarters seen from an opposite building in Tokyo, Japan.

    The Bank of Japan will consider no later than January whether to adopt a 2 percent inflation target, in response to calls from next Prime Minister Shinzo Abe for stronger efforts to beat deflation.

  • China's Robust Recovery May Need Help Next Year Tuesday, 18 Dec 2012 | 1:23 AM ET

    China's burgeoning economic recovery may need central bank easing to spur it along next year, as foreign investors scale back spending commitments in the face of a gloomy external outlook.

  • Crime, corruption and tax evasion have cost the developing world nearly $6 trillion over the past decade, and illicit funds keep growing, led by China, a financial watchdog group said in a new report.

  • What Will It Take for India to Cut Rates? Tuesday, 18 Dec 2012 | 1:11 AM ET

    India's central bank kept its powder dry at its latest monetary policy meeting, prompting the question - what will it take for policymakers to move on interest rates?

  • Mobile Phones Souring Africa's Image of China Tuesday, 18 Dec 2012 | 12:00 AM ET

    Legitimate as well as dodgy businesses have flooded East Africa with millions of low-cost Chinese-made handhelds, for good and bad. Caixin reports.

  • China November Home Prices Fall 0.7% On-Year Monday, 17 Dec 2012 | 8:49 PM ET
    Residential buildings in Shanghai, China.

    Average new home prices in China's 70 major cities fell 0.7 percent from a year earlier, according to Reuters calculations based on official data published on Tuesday, a ninth straight month of year-on-year decline.

  • Nikkei Rally to Run Into Resistance Soon: Chart Monday, 17 Dec 2012 | 8:40 PM ET

    The Nikkei index has two resistance levels that cap the current rally breakout.

  • Auckland, New Zealand

    New Zealand's government said it would maintain its tough spending controls in 20 years as it downgraded its economic growth outlook on Tuesday, pledging to return the strained budget to a small surplus by 2015.

  • Asia's 'Value' Stocks Could Surge 20% in 2013: HSBC Monday, 17 Dec 2012 | 8:00 PM ET
    Investors watch the electronic board at a stock exchange hall in Huaibei, China.

    With global growth expected to remain modest in 2013, investors should look at so-called "value" stocks in Asia, which have a potential upside of as much as 20 percent, says HSBC.

  • Australia's central bank said it decided to cut interest rates this month rather than wait because it saw further evidence that a peak in the mining investment boom was near, while the non-resource sector showed no signs of picking up.

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