Asia-Pacific News


  • Why Aggressive Easing Is Wrong Medicine for Japan Sunday, 16 Dec 2012 | 6:01 PM ET

    If Japan's opposition the Liberal Democratic Party headed by Shinzo Abe wins the December 16 polls, it is widely expected that an era of aggressive monetary easing will be unleashed in the country, but one expert says this will do little to prop up growth in the world's third largest economy.

  • China will maintain a "prudent" monetary policy and a pro-active fiscal policy in 2013, leaving room for manoeuvre in the face of global uncertainties, the official Xinhua news agency said after the country's annual policy-setting conference on Sunday.

  • President Ma Ying-jeou says Taiwan is now on the road to recovery, helped by a broadening of the country's trade and investment partnerships.

  • Wynn Seeks Vote to Oust Shareholder From Board Friday, 14 Dec 2012 | 8:15 AM ET
    Casino mogul Steve Wynn.

    Wynn Resorts Chairman and Chief Executive Officer Steve Wynn said his company will call a special shareholder meeting to vote on removing dissident former shareholder, and Japanese billionaire, Kazuo Okada from the casino company's board of directors.

  • Cathay Cabin Crew Threaten No Smiles for Passengers Friday, 14 Dec 2012 | 6:01 AM ET
    A Cathay Pacific flight attendant stands next a placard as she and others stage a protest at the international airport in Hong Kong on December 3, 2012.

    Flight attendants at Hong Kong airline Cathay Pacific Airways are threatening to withhold food, alcohol and even smiles from passengers during the Christmas holidays over a pay dispute, a union official said Thursday.

  • Apple's iPhone 5 Takes on Cheaper Rivals in China Friday, 14 Dec 2012 | 5:51 AM ET

    Apple launched its iPhone 5 in China, even as its ranking in the world's largest smartphone market has slipped in the face of competition from cheaper rivals.

  • Will 2013 Bring More Pain or Gain for China Stocks? Friday, 14 Dec 2012 | 4:05 AM ET
    Shanghai stock exchange

    China's beaten-down equity market will end 2012 in negative territory for the fourth year in a row, as fears of a hard landing coupled with global headwinds, saw investors turn their backs on Chinese stocks.

  • China Cracks Down on 'Slay Red Dragon' Doomsday Cult Friday, 14 Dec 2012 | 2:37 AM ET

    China has launched a crackdown on a cult it says is calling for a "decisive battle" to slay the "Red Dragon" Communist Party, and which has been spreading doomsday rumors, state media said on Friday.

  • India's November Inflation Lowest in 10 Months Friday, 14 Dec 2012 | 1:21 AM ET
    Local vendors sell vegetables at a local market in Aminabad in Lucknow, Uttar Pradesh, India.

    India's wholesale price index rose a slower-than-expected 7.24 percent in November from a year earlier, government data showed on Friday.

  • Coming Soon: China's Growth Resurgence? Friday, 14 Dec 2012 | 12:58 AM ET

    Faced with the risk of a hard landing earlier this year, China's economy is now in the midst of a robust rebound, prompting economists to make bullish forecasts for growth in the new year.

  • Cashed-Up Singapore Airlines Plots Asia Expansion Friday, 14 Dec 2012 | 12:46 AM ET

    Cash-rich Singapore Airlines will likely need acquisitions or more partnerships as it reshapes its strategy to tap into the fast growing Asian markets and to counter stiff competition from Middle Eastern carriers.

  • Renegade Responses to North Korea Rocket Launch Thursday, 13 Dec 2012 | 9:27 PM ET
    A man watches a TV screen broadcasting news on North Korea's rocket launch, at a railway station in Seoul on December 12, 2012.

    World response to North Korea's controversial rocket launch wasn't as unanimous as it might have seemed. In fact, the responses of several nations stand out. The GlobalPost reports.

  • China HSBC December PMI Hits 14-Month High Thursday, 13 Dec 2012 | 9:00 PM ET
    Workers assemble sedans at the Dongfeng car factory in Wuhan, China.

    Growth in China's vast manufacturing sector picked up in December, a preliminary private survey showed, with rises in areas such as new orders and employment underlining a brighter outlook for the economy in coming months.

  • Business Confidence in Japan Is Deteriorating Thursday, 13 Dec 2012 | 8:23 PM ET

    Japanese business sentiment worsened for a second straight quarter in the three months to December and will barely improve early next year, as the global slowdown and a territorial row with China hit the export-reliant economy.

  • China's Economy to Grow 8% Next Year: Think Tank Thursday, 13 Dec 2012 | 8:10 PM ET
    Residential buildings in Shanghai, China.

    A state think tank has forecast China's GDP growth next year at 8 percent and projects the consumer price index to rise 3 percent, the official China Securities Journal reported on Friday.

  • 'For Sale' sign is seen outside a property in Sydney, Australia.

    Australand Property on Friday rejected an unsolicited offer from larger rival GPT Group to buy its most valuable assets, including the $2.4 billion investment property portfolio, saying it did not provide a sufficient premium.

  • US Drops China's Taobao Website From 'Notorious' List Thursday, 13 Dec 2012 | 6:50 PM ET
    Student in front of an online Taobao shop.

    The United States on Thursday dropped a website owned by China's largest e-commerce company, Alibaba Group, from its annual list of the world's most "notorious markets" for sales of pirated and counterfeit goods.

  • iPhone 5 Hits China as Apple Market Share Slips Thursday, 13 Dec 2012 | 6:28 PM ET
    iPhone 5

    The China release of its iPhone 5 on Friday should win Apple some traction in the world's biggest smartphone market, but its longer-term hopes may depend on new technology being tested by China's top telecoms carrier.

  • Jury Rules Apple iPhone Violated Three Patents Thursday, 13 Dec 2012 | 1:19 PM ET

    A U.S. jury on Thursday found that Apple's iPhone infringed three patents owned by holding company MobileMedia Ideas, though damages have not yet been determined.

  • ‘Extraordinary’ China Prospects: William Lauder Thursday, 13 Dec 2012 | 1:02 PM ET

    Long-term development in China and across Asia promises great opportunity, William Lauder says.

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