Asia-Pacific News


  • This Wealthy Nation Can't Afford to Retire Wednesday, 20 Feb 2013 | 3:42 AM ET
    Empty Nest

    Singapore may boast of the highest percentage of millionaires in the world, but retiring here is becoming even more difficult for the common man.

  • Hackers Doing No Favors for China's Image Wednesday, 20 Feb 2013 | 1:47 AM ET

    The recent hacking allegations against China puts another negative mark on the country's image as new leader Xi Jinping has repeatedly vowed to fight corruption.

  • Hong Kong tycoon Li Ka-shing's Cheung Kong Holdings just sold all 360 rooms in the budget range Apex Horizon hotel in Kowloon, to hundreds of enthusiastic buyers.

  • What Aussie Earnings Say About the Economy Tuesday, 19 Feb 2013 | 11:15 PM ET

    A slew of strong earnings from Australian companies in recent days suggest the economy is in better shape than suspected and should help boost consumer and investor confidence in the months ahead, analysts said.

  • China Foreign Inflows Suffer Steepest Fall Since 2009 Tuesday, 19 Feb 2013 | 10:19 PM ET
    Beijing's Central Business District

    China's foreign direct investment inflows fell at their fastest rate in more than three years in January, highlighting the challenges it faces competing for funds with cheaper rivals in a sluggish global growth environment.

  • What to Expect from Sony's Big PlayStation Debut Tuesday, 19 Feb 2013 | 8:00 PM ET

    The video game and media industry is anxiously awaiting Sony's big debut, where it's expected to unveil its first new Playstation since 2006. The pressure is on for Sony to deliver a console so impressive, it'll convince consumers to finally make a big investment in consoles and games again.

  • Japan Trade Deficit Hits Record as Imports Jump Tuesday, 19 Feb 2013 | 7:58 PM ET

    Japan's trade deficit widened to a record in January as energy imports rose more than expected, highlighting one of the risks of seeking to revive the country's export engine.

  • The 35-carat pear-shaped diamond Marie de Medici wore at her coronation in 1610, one of the world's most famous gems.

    Armed robbers at Brussels airport stole roughly $50 million worth of diamonds in under five minutes.

  • The government's sale of a $10 billion stake in Japan Tobacco, the world's third-largest tobacco company, is expected to kick off within days after bankers met on Tuesday over deal details.

  • North Korea Threatens South With 'Final Destruction' Tuesday, 19 Feb 2013 | 7:00 PM ET
    In this photo taken on Monday, April 23, 2012, North Korean soldiers stand guard on the demarcation line of the Demilitarized Zone that separates the two halves of the Korean peninsula at Panmunjom, North Korea. (AP Photo/Vincent Yu)

    North Korea threatened South Korea with "final destruction" during a debate at the United Nations Conference on Disarmament on Tuesday.

  • China's First Cashless Casino Gets Shut Down Tuesday, 19 Feb 2013 | 6:42 PM ET

    Chinese authorities said they had shut down a cashless casino bar in the resort island of Hainan on Tuesday, two days after a Reuters report drew attention to it.

  • Indian Unions Prepare to Strike, Could Cost Billions Tuesday, 19 Feb 2013 | 6:24 PM ET

    Major Indian trade unions have called for a two-day strike starting on Wednesday, as the beleaguered government prepares to present an austerity budget to parliament.

  • Kloppers: BHP's Strategy Won't Change     Tuesday, 19 Feb 2013 | 6:20 PM ET

    Marius Kloppers, outgoing CEO of BHP Billiton reassures shareholders at a Sydney press conference that the world's biggest miner won't change tack after shocking investors by announcing Kloppers' retirement in May.

  • GE Executive: We Get Hacked All the Time     Tuesday, 19 Feb 2013 | 6:15 PM ET

    John Rice, Vice Chairman & CEO of Global Growth Operations at General Electric Company, tells CNBC how cyber attacks remain a regular phenomenon amongst corporates.

  • BHP Billiton Names New CEO as Profit Slumps Tuesday, 19 Feb 2013 | 6:03 PM ET

    Global miner BHP Billiton appointed the head of its non-ferrous business as its new chief executive on Wednesday to replace Marius Kloppers.

  • China's Hacking Defense Is 'Hard to Believe': Expert Tuesday, 19 Feb 2013 | 12:48 PM ET
    A building in a Shanghai suburb that is reportedly a center of cyberespionage.

    It's highly unlikely that the Chinese government was not at least aware of the cyber attacks that targeted U.S. companies, organizations and government entities, one security expert said.

  • Hilton Tokyo Narita Airport

    The Hilton Tokyo Narita Airport provided exceptional value during a recent stay, including a comfortable room and delicious buffet. A Road Warrior review.

  • Is Time to Board the Renminbi Train? Tuesday, 19 Feb 2013 | 5:56 AM ET

    If we accept that the renmimbi is on its way, banks should set up an ability to trade and settle the currency itself, as well as handle bonds and equity denominated in it, writes Moorad Choudhry.

  • Hong Kong Disney Ends Seven-Year Itch to Make Money Tuesday, 19 Feb 2013 | 2:57 AM ET

    It's been a long seven-year itch, but Hong Kong Disneyland is finally making some money. The park made $14 million in the last financial year, while this is only about a 2.5 percent return on revenues of $550 million, it's still a profit.

  • Aussie Dollar at $1.30: Are You Kidding? Tuesday, 19 Feb 2013 | 2:36 AM ET

    The robust Australian dollar could actually get a whole lot stronger over the next two years, rising to as high as $1.30, but this is subject to strong gains in Asian equity markets.

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