Asia-Pacific News


  • People of North Korea: Happy Birthday Kim Jong Un! Tuesday, 8 Jan 2013 | 6:47 PM ET

    Forget that millions of North Korean children are starving — it's Kim Jong Un's birthday. Candy for everyone! The Global Post reports.

  • Australian fire crews battled hundreds of wildfires, a searing heatwave and powerful, hot outback winds on Tuesday, but were hopeful they had dodged a potentially catastrophic fire day without loss of life or major damage.

  • KFC parent Yum Brands said it had stopped using chicken from suppliers in China that are now under a government investigation before the review was even announced, and analysts said they expect the company to recover from the business hit in its biggest market.

  • Is HSBC's Exit From Ping An in Jeopardy? Tuesday, 8 Jan 2013 | 6:20 PM ET
    Peter Ma

    HSBC's sale of its $9.4 billion stake in Ping An Insurance to Thailand's CP Group has been thrown into jeopardy after state-run China Development Bank (CDB) voiced concerns over funding for the deal, sources told Reuters.

  • NTSB Investigator Mike Bauer inside the Boeing 787 under investigation at Boston's Logan Airport.

    One day after a Dreamliner caught on fire, Boeing found itself facing another 787 with problems. This at a time when the aviation company said it has traced the source of the fire to a lithium ion battery.

  • Bank of Japan to Consider Easing Again in January Tuesday, 8 Jan 2013 | 12:19 PM ET

    The Bank of Japan will consider easing monetary policy again this month as it eyes doubling its inflation target, sources said.

  • Why Samsung Shares Are in for Another Bumper Year Tuesday, 8 Jan 2013 | 4:17 AM ET

    Shares of the world’s largest smartphone maker Samsung Electronics are expected to surge 50 percent in 2013, on the back of a stellar performance last year.

  • Private equity firm Carlyle Group sold its remaining stake in China's No.3 insurer CPIC in a deal valued at $793 million, exiting the business with its largest dollar profit on an investment.

  • Singapore's Mount Elizabeth hospital, where the Indian gang rape victim succumbed to her injuries.

    The decision to fly the victim of a gang rape that outraged India for treatment in Singapore made little medical sense as the woman was so severely injured that her death was all but inevitable, doctors say.

  • Welcome to Macca's as McDonald's Goes Aussie Monday, 7 Jan 2013 | 11:56 PM ET

    Looking for a McDonald's in Australia this month? You may bump into a "Macca's" instead. The international fast food giant will temporarily change signs to "Macca's," the affectionate Australian nickname for the chain, in celebration of Australia Day.

  • Yen Could Weaken to 100 Against Dollar This Year Monday, 7 Jan 2013 | 11:42 PM ET

    Japan's new government has vowed to revive the economy and expectations for aggressive monetary easing are running high. This sets the scene for the yen, which has fallen sharply and quickly in recent weeks, to weaken to the 100-mark versus the dollar, possibly this year, some analysts say.

  • Australia's trade deficit in November widened to its largest since early 2008 as imports again outpaced exports, though a recent meteoric rise in the price of iron ore suggests the worst of the trade pain is over for the resource-rich nation.

  • Curtain Rising on Theater Investment Monday, 7 Jan 2013 | 9:08 PM ET

    A government-backed investment fund is one of several waiting in the wings for a chance to support – and profit from – China's fast-growing performing arts and film companies. Caixin Online reports.

  • India Gang Rape: Why Was Everyone So Slow to Help? Monday, 7 Jan 2013 | 8:11 PM ET
    A poster at a protest against the gang rape of a 23-year-old in New Delhi, India

    One of the many disturbing factors in the recent gang rape and torture of a young woman on a Delhi bus, that prompted widespread protests about the treatment of women, was that for almost 30 minutes no one stopped to help her and her friend as they lie badly beaten on the side of the road. The Christian Science Monitor reports.

  • Cambodia Benefits From Rising China Wages Monday, 7 Jan 2013 | 8:09 PM ET

    Double-digit wage increases in China and a shortage of labor for factory work have prompted several companies to move to cheaper countries such as Cambodia, which is seeing its economy transformed by the influx and new factories sprouting up. The Financial Times reports.

  • Samsung Electronics said it likely earned a quarterly profit of $8.3 billion, as it sold close to 500 handsets every minute.

  • China Speeds Up: 7.8% Growth in Fourth Quarter? Monday, 7 Jan 2013 | 6:34 PM ET
    Beijing, China

    China's annual economic growth may have quickened to 7.8 percent in the fourth quarter a Reuters poll showed, snapping seven straight quarters of weaker expansion, but the recovery is likely to be tepid and the economy may need continued policy support.

  • US Governor, Google's Schmidt Arrive in North Korea Monday, 7 Jan 2013 | 7:40 AM ET
    Eric Schmidt

    Google's Eric Schmidt began a mission to North Korea that includes an effort to secure the release of an imprisoned American.

  • The United States dominates the list of places that global commercial real estate investors would prefer to put their money this year, while China has lost some luster and Turkey has added sparkle, according to a survey of international investors.

  • Tokyo, Japan

    Japan's new government will set up schemes worth nearly $5 billion to boost businesses, including helping them buy foreign companies, according to a draft economic stimulus package seen by Reuters on Monday that could be approved later this week.

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