Asia-Pacific News


  • 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.

  • Year-End Wii U Sales Steady, Says Nintendo Chief Monday, 7 Jan 2013 | 2:47 AM ET
    Nintendo's Wii U GamePad.

    Nintendo year-end sales of its Wii U games console were steady, though not as strong as when its Wii predecessor was first launched, the Japanese game maker's top executive told Reuters on Monday.

  • Why It's Time to Buy Chinese Bank Stocks Monday, 7 Jan 2013 | 1:40 AM ET
    China Construction Bank branch in Beijing, China

    A turnaround in China's bank earnings seen in the second half of last year is likely to continue into 2013 as the economy improves further, prompting analysts to turn bullish on the sector.

  • Goldman on China Stocks: We'll Be Right This Time Monday, 7 Jan 2013 | 12:28 AM ET

    Goldman Sachs may have been significantly off the mark on its call for a bumper rally in Chinese equities in 2012, but this year, the U.S. investment bank is confident that its upbeat outlook for the market will materialize.

  • Shinzo Abe

    2013 could prove to be the year that Japan steps up its military role in Asia. A simmering territorial spat with China and Japan's assertive new Prime Minister Shinzo Abe will see to that, analysts tell CNBC.

  • British telecommunications carrier Vodafone Group said on Saturday it has received a reminder from Indian tax authorities on disputed tax dues over its 2007 acquisition of Indian mobile assets.

  • Jakarta

    Indonesia's benchmark index started 2013 with a record high, yet economic concerns could make fund investors turn away this year from a country that high domestic growth transformed into a popular safe haven during recent global turbulence.

  • As firms like Foxconn shift factories away from higher-cost centers, they are discovering that workers in new locations across China are not as abundant as they had expected, prompting multinationals and their suppliers to use millions of teenage students from vocational and technical schools on assembly lines.

  • Handset Makers Scurry to Join Year of the Phablet Sunday, 6 Jan 2013 | 6:58 PM ET
    Samsung Galaxy 10.1 Note Phablet

    Call it phablet, phonelet, tweener or super smartphone, but the clunky mobile phone - closer in size to a tablet than the smartphone of a couple of years back - is here to stay.

  • Firms Ditch B-Shares for Better Luck in Hong Kong Sunday, 6 Jan 2013 | 6:36 PM ET

    China's biggest ship container maker has revived its moribund B-shares - mainland shares priced in foreign currencies - by relisting them in Hong Kong, sparking new life in other B-shares that may be able to emulate its exit from an obsolete market that regulators want to wind down.

  • Indian Rape Victim's Father Says He Wants Her Named Sunday, 6 Jan 2013 | 6:33 PM ET

    The father of an Indian student whose brutal rape provoked a global outcry said he wanted her name made public so she could be an inspiration to victims of sexual assault, a call that was quickly taken up by social media users and may pressure authorities to allow her identity to be revealed.

  • Panasonic's Toughbook 53 model.

    Two thirds of the 420,000 patrol cars in the United States are equipped with Panasonic's rugged Toughbook computers, and chief Kazuhiro Tsuga sees the niche product as a model for how the sprawling conglomerate can make money beyond a gadget mass market increasingly dominated by Samsung Electronics and Apple.

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