Asia-Pacific News


  • While world leaders reacted with shock and anger to Tuesday's nuclear test, Pyongyang's third and most powerful to date, the top item searched on South Korean Internet portals was a monthly cosmetics sale by local brand Innisfree.

  • As Rupiah Declines, Indonesia Moves to Prevent Panic Wednesday, 13 Feb 2013 | 9:07 PM ET

    Indonesia's central bank is gradually closing trading loopholes used by global investors in an attempt to exert more control over its weakening currency and prevent a desirable depreciation of the rupiah from turning into a panicky tailspin.

  • Why ‘Abenomics’ Has This Billion Dollar IPO Excited Wednesday, 13 Feb 2013 | 8:36 PM ET
    Japan's Prime Minister Shinzo Abe

    As Japan's Prologis REIT, a real estate trust, makes its debut on the Tokyo Stock Exchange on Thursday, Prologis CEO tells CNBC that he is excited about the radical economic policies of Japan's new Prime Minister Shinzo Abe.

  • Hedge Funds Made Billions Betting Against Yen Wednesday, 13 Feb 2013 | 8:34 PM ET

    Some of the giants of the hedge fund world have made billions betting against the yen in recent months, marking a return to form for some blue-blood investors that stumbled after the financial crisis. The Financial Times reports.

  • Bank of Korea Governor Kim Choong-Soo

    South Korea's central bank held interest rates steady for a fourth straight month on Thursday, in line with with market expectations.

  • Japan Still in Recession, but Pickup Likely This Year Wednesday, 13 Feb 2013 | 6:57 PM ET

    Japan's economy contracted for the third consecutive quarter in October-December, showing the country is struggling to escape from a mild recession.

  • Southeast Asia's Biggest Telco Posts Profit Miss Wednesday, 13 Feb 2013 | 6:57 PM ET

    Singapore Telecommunications, Southeast Asia's largest telecom operator, reported on Thursday a worse-than-expected 8.3 percent fall in third quarter net profit and reiterated its forecast for a fall in revenues this year.

  • Australia Bets on Housing to Pick Up Mining Slack Wednesday, 13 Feb 2013 | 6:52 PM ET
    Radisson Blu Syndey Exterior

    The Reserve Bank of Australia hopes the industry, which employs about 9 percent of the country's workforce of 11.5 million, can pick up the slack and maintain growth as Australia's unprecedented resource investment boom peaks at around 8 percent of GDP later this year. The Financial Times reports.

  • Rally For Jobs!     Wednesday, 13 Feb 2013 | 6:40 PM ET

    Sick of emailing your resume? Form a mass rally, that's what new graduates in Tokyo are doing.

  • Swissie and Yen Top List of Currency War Aggressors: HSBC Wednesday, 13 Feb 2013 | 12:11 PM ET

    An HSBC report ranked the Japanese yen and the Swiss franc as the world's most aggressive currency warmongers.

  • China's Smog Becoming a Serious International Issue Wednesday, 13 Feb 2013 | 12:04 PM ET
    Cyclists and bikers stop at a traffic light, as buildings are faintly seen, rear, shrouded in a haze of smog in Beijing. (AP Photo/Shuji Kajiyama)

    Beijing’s air pollution has soared past levels considered hazardous by the World Health Organization. And now it's not an issue that only the Chinese are worrying about, Oilprice.com says.

  • Brace for G-7 Currency Confusion: El-Erian Wednesday, 13 Feb 2013 | 10:43 AM ET

    G-7 officials issued a currency statement, "clarified" it and then criticized the clarification! Pimco's Mohamed El-Erian says prepare for more confusion.

  • Why the Dollar Rebound Won't Last Wednesday, 13 Feb 2013 | 3:24 AM ET

    The recent rebound in the U.S. dollar has markets questioning just how strong and reliable is the rebound in the dollar index?

  • Why a Ho-Hum Bank of Japan Meeting Still Matters Wednesday, 13 Feb 2013 | 2:54 AM ET
    Bank of Japan headquarters in Tokyo, Japan

    February's Bank of Japan meeting should be less action-packed than January's, which saw unprecedented steps to revive a weak economy. Still, the meeting is important, especially as the central bank prepares to usher in a change in its top policy makers, analysts say.

  • Nothing Says 'I'm Yours' Like a Chocolate Head Wednesday, 13 Feb 2013 | 2:22 AM ET

    Chocolate hearts for loved ones on Valentine's Day are so last year - at least in Japan where one Tokyo design firm offered up its 3D scanner to make miniature chocolate replicas of faces.

  • Qin Yufei forgoes a high-paying career in New York or Beijing to lead a rural Chinese village, setting an example for corruption-free local government. The Christian Science Monitor reports.

  • India's E-Commerce 'Gold Rush' Fraught With Risks Wednesday, 13 Feb 2013 | 1:47 AM ET

    India's online retail market may be growing at an unprecedented pace, but challenges like the lack of profitability among online retailers could mean it may be up to another five years before the sector truly takes off in the Asia's third largest economy.

  • London's Yuan Push Stirs Hopes of Eurodollar-Style Boom Wednesday, 13 Feb 2013 | 1:26 AM ET

    A BofE pledge to help London become a global trading center for China's yuan has stirred talk of a revival in the city's fortunes, similar to the explosion of the U.S. dollar market in the 1960s and 70s.

  • Currency Wars or Just Currency Confusion? Wednesday, 13 Feb 2013 | 12:11 AM ET

    The world's major economies may be trying to ease concerns about a currency war, but it appears that they are sowing confusion in the foreign exchange markets instead.

  • Gree Shares Slump After Cutting Annual Guidance Wednesday, 13 Feb 2013 | 12:09 AM ET

    Shares of Gree tumbled 18 percent to an eight-month low on Wednesday after the social gaming firm slashed its annual earnings forecast.

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