Asia-Pacific News


  • Relax, China Creates a Cyprus Every Week: LSE Chief Tuesday, 26 Mar 2013 | 9:39 AM ET
    Xavier Rolet, the Chief Executive of the London Stock Exchange

    The resurgence in the initial public offerings (IPO) market is a sign that investors are once again growing more optimistic despite flare-ups in the euro zone debt crisis, according to the CEO of the London Stock Exchange.

  • Galaxy's Profit More Than Doubles to a Record Tuesday, 26 Mar 2013 | 3:02 AM ET
    FILE - In this May 15, 2011 file photo, a mainland Chinese visitor is welcomed by hostess at Galaxy Macau as the multibillion-dollar casino resort opened in Macau. Galaxy Entertainment Group plans to double the size of its flagship Macau casino in a $2.1 billion expansion as it seeks to win over more customers in the world's biggest gambling market. The Hong Kong company said it has already started construction of the second phase of its Galaxy Macau casino complex, which opened last year in the

    Macau casino operator Galaxy Entertainment Group more than doubled its net profit in 2012 to a record high, lifted by spending from mainland Chinese visitors to its flagship property in Macau.

  • Singapore Industrial Output Drops More Than Expected Tuesday, 26 Mar 2013 | 1:32 AM ET

    Singapore's industrial output fell 16.6 percent in February from a year earlier, worse than a median forecast of a contraction of 10.5 percent according to Reuters.

  • Why It's Important to Keep Cypriot Banks Shut Tuesday, 26 Mar 2013 | 12:55 AM ET
    Bank of Cyprus, also known as Laiki

    The decision to further push back the re-opening of Cypriot banks may be seen as a signal of further uncertainty in the crisis-hit island nation. But analysts tell CNBC that on the contrary, the move will help restore investor confidence.

  • Japan’s Courts Press Abe on Electoral Reform Tuesday, 26 Mar 2013 | 12:01 AM ET
    Japanese Prime Minister Shinzo Abe.

    Japanese courts are stepping up pressure on the government to reform the country's electoral system or risk having the results of last year's general election invalidated. The Financial Times reports.

  • US Shale No Panacea for Japan's Crippling Energy Bills Monday, 25 Mar 2013 | 11:21 PM ET

    U.S. shale gas may not be the panacea being touted by Japan's politicians and companies to sharply reduce the country's crippling energy bills.

  • Caterpillar CEO Hopes 'Sun Will Rise' on Europe Monday, 25 Mar 2013 | 11:06 PM ET

    While concerned about the tough business environment in Europe, Douglas Oberhelman, the CEO of Caterpillar, hopes the "sun will rise" over the continent.

  • Hanlong Faces Deadline for $1.4 Billion Sundance Bid Monday, 25 Mar 2013 | 10:42 PM ET

    Australia's Sundance Resources said its suitor Hanlong would fail to meet a deadline on Tuesday to supply credit approval for its long-delayed $1.4 billion takeover offer.

  • BOJ's Kuroda to Target Longer-Dated Bonds Monday, 25 Mar 2013 | 10:12 PM ET

    Bank of Japan Governor Haruhiko Kuroda said the central bank will seek to push down yields across the curve by purchasing longer-dated government bonds, underscoring its resolve to aggressively beat deflation.

  • South Korea Revises Down Fourth Quarter Growth Monday, 25 Mar 2013 | 9:40 PM ET
    Seoul, South Korea

    South Korea's economy grew a seasonally adjusted 0.3 percent in the October-December period from the previous quarter and by 1.5 percent from a year before, revised data showed on Tuesday.

  • A Change of Fortune for Foxconn?  Monday, 25 Mar 2013 | 8:50 PM ET
    Chinese workers in the Foxconn factory in Shenzhen, in southern China's Guangdong province.

    As Apple's sales outlook slows down, what happens to the tech giant's suppliers? CNBC's Eunice Yoon has more.

  • Asia's Top Investor in Africa? Not China Monday, 25 Mar 2013 | 7:34 PM ET

    A smaller Asian country is ahead of China in terms of the size of its direct foreign investment into Africa and the gap is widening, according to United Nations data published Monday.

  • Dreamliner Takes To Sky in First Flight Check Monday, 25 Mar 2013 | 5:19 PM ET
    Boeing's 787 on its test flight

    A Boeing 787 Dreamliner took to the sky on Monday in the first of two flights aimed at showing that the plane's new lithium-ion battery system meets regulatory safety standards.

  • Yuan at Record High but Major Appreciation Unlikely Monday, 25 Mar 2013 | 4:31 AM ET
    Chinese Yuan

    China's yuan hit a record high on Monday after the central bank set a firmer midpoint in response to hopes that Cyprus will avoid a banking crisis, but traders remained cautious about betting on further appreciation.

  • Singapore

    Singapore's consumer price index rose by a stronger-than-expected 4.9 percent in February from a year earlier, mainly because of a spike in private road transport costs.

  • Former Woodside Adviser Joins Australia's Cabinet Monday, 25 Mar 2013 | 1:16 AM ET
    Gary Gray; Diosdado Engono Bengono

    Australia's prime minister appointed Gary Gray, a former adviser to the country's largest oil and gas firm Woodside Petroleum, as resources minister on Monday.

  • Cyprus Finance Minister: Russia Is Disappointed  Sunday, 24 Mar 2013 | 11:45 PM ET

    In an exclusive interview, CNBC's Julia Chatterley asked Cypriot Finance Minister Michael Sarris what the island's bailout deal means for Russia.

  • China's 'Internationalization' Won't Be Painless: WTO Sunday, 24 Mar 2013 | 10:48 PM ET
    World Trade Organization Director-General Pascal Lamy.

    The full globalization of the Chinese economy will not be painless Pascal Lamy, director general of the World Trade Organization, tells CNBC.

  • Japan Needs Neighbor’s Love, Not Cheap Money Sunday, 24 Mar 2013 | 9:52 PM ET
    Tokyo, Japan

    There is a much simpler and faster way for Japan to stimulate economic growth. Economist Michael Ivanovitch tells you what that is.

  • The End of Indian IT Staffing as We Know It Sunday, 24 Mar 2013 | 7:56 PM ET

    India's IT outsourcers are promoting "mini CEOs" capable of running businesses on their own, while trimming down on the entry-level computer coders they normally hire.

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