Asia-Pacific News


  • Apple Begins Testing iPhone 6, iOS7: Report Wednesday, 2 Jan 2013 | 8:54 PM ET

    Apple has begun testing another new version of the iPhone and the latest iteration of their iOS operating system, according to The Next Web.

  • Google Executive Chairman to Visit North Korea Wednesday, 2 Jan 2013 | 7:22 PM ET
    Eric Schmidt

    Google's executive chairman is preparing to travel to one of the last frontiers of cyberspace, North Korea on a private, humanitarian mission led by former New Mexico Gov. Bill Richardson that could take place as early as this month, sources told The Associated Press on Wednesday.

  • India's Jet Front-Runner For Etihad Investment: Source Wednesday, 2 Jan 2013 | 6:38 PM ET
    A Jet Airways plane approaches Ahmedabad airport.

    India's Jet Airways is the front-runner for an investment by Etihad Airways, a senior Indian government source said on Wednesday, adding the Gulf carrier could pay up to $330 million for a 24 percent stake in the Indian company.

  • India's salt-to-software conglomerate Tata Group plans to invest more than 450 billion rupees ($8.2 billion) over the next two years, its newly appointed Chairman Cyrus Mistry wrote in an internal mail on Wednesday.

  • Range of Fraser & Neave Ltd. (F&N) products

    Thai billionaire Charoen Sirivadhanabhakdi extended his $7.2 billion offer to take over Singapore property and drinks conglomerate Fraser and Neave (F&N) for the fifth time until January 10.

  • Chinese Investment in US May Break Record in 2013 Wednesday, 2 Jan 2013 | 1:15 PM ET

    Chinese investment in the U.S. will likely break another record in 2013, a research firm said, following a record year in 2012 with deals worth more than $6.5 billion.

  • Dubai Airport Opens World's First Airbus A380 Concourse Wednesday, 2 Jan 2013 | 1:12 PM ET
    Dubai Airport, Concourse A

    Dubai International Airport opened the world's first concourse designed specifically to handle double-decker Airbus A380 aircraft, which seat about 500 passengers.

  • A poster at a protest against the gang rape of a 23-year-old in New Delhi, India

    The gang rape of a 23-year old student has invoked a new political voice from middle class Indians who consider gender rights as important as poverty alleviation.

  • World's No. 2 Economy Is Setting Up for Solid 2013 Wednesday, 2 Jan 2013 | 1:48 AM ET

    Following a year tainted by heightened economic uncertainty, the world's second largest economy is setting itself up for a positive 2013, say analysts, pointing to China's latest economic data and stellar equity market performance.

  • Thailand's Inflation Jumps 3.6% in December Wednesday, 2 Jan 2013 | 1:40 AM ET
    Night market in Soi Texas, Chinatown, Thailand.

    Thailand's annual inflation rate jumped to 3.63 percent in December, up almost one percentage point from November, but core inflation is comfortably within the central bank's target range, putting it under no pressure to raise interest rates.

  • US Arms Sales to Asia Set to Boom on Pacific 'Pivot' Wednesday, 2 Jan 2013 | 12:52 AM ET
    f-35 JSF

    U.S. sales of warplanes, anti-missile systems and other costly weapons to China's and North Korea's neighbors appear set for significant growth amid regional security jitters.

  • World's Biggest Casino Market Hits Jackpot Wednesday, 2 Jan 2013 | 12:52 AM ET

    Macau, the world's largest casino market, raked in $38 billion in annual gambling revenues in 2012 after monthly revenues for December hit a record, a signal of sustained strength in the only place in China where visitors are able to legally gamble in casinos.

  • Why 2013 Will See Faster, Stronger Global Growth Tuesday, 1 Jan 2013 | 10:44 PM ET

    Barring major geopolitical shocks, the world economy in 2013 should mark the beginning of sustainably faster growth, one expert believes.

  • Rocky Path Ahead Even as Markets Cheer Fiscal Deal Tuesday, 1 Jan 2013 | 10:10 PM ET

    Markets are relieved that the U.S. Congress has approved a deal to avert a "fiscal cliff", but analysts warn that investors now face a rocky two months ahead as negotiations over the debt ceiling begin.

  • South Korea's Output Up For First Time in 7 Months Tuesday, 1 Jan 2013 | 10:00 PM ET

    South Korea's manufacturing sector expanded in December for the first time in seven months but new export orders fell, a private survey showed on Wednesday, underscoring a still fragile recovery in Asia's fourth-largest economy.

  • Lakshmi Mittal

    ArcelorMittal, the world's biggest steelmaker, will sell a $1.1 billion stake in a Canadian iron ore mine operator to a consortium that includes South Korean steelmaker POSCO and Taiwan-listed China Steel Corp, China Steel said in a statement.

  • South Korea's Hyundai Motor and affiliate Kia Motors are targeting a 4 percent increase in global sales this year to a combined 7.41 million vehicles, their slowest growth since 2003.

  • Singapore Economy Grew 1.2% in 2012: PM Tuesday, 1 Jan 2013 | 6:14 PM ET

    Singapore's economy grew by 1.2 percent in 2012, Prime Minister Lee Hsien Loong said on Monday, indicating the city-state slipped into a recession in the last three months of the year.

  • North Korea Seeks End to Confrontation With South Tuesday, 1 Jan 2013 | 6:06 PM ET
    South Korean conservative activists burn anti-North Korean placards during a protest denouncing North Korea's rocket launch, in Seoul on December 12, 2012.

    North Korean leader Kim Jong-un called for an end to confrontation between the two Koreas, technically still at war in the absence of a peace treaty to end their 1950-53 conflict, in a surprise New Year's broadcast on state media.

  • US Clears DNA Firm’s Acquisition by Chinese Monday, 31 Dec 2012 | 11:56 AM ET

    The U.S. has given national security clearance to the purchase of an American DNA sequencing company by a Chinese firm, The New York Times reports.

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