Asia-Pacific News


  • Billabong Shares Surge After Second Takeover Bid Monday, 14 Jan 2013 | 7:19 PM ET

    Shares in Australia's Billabong International surged more than 12 percent on Tuesday after the struggling surfwear company received a second takeover proposal.

  • Tapping Prudential's 'Sweet Spot': CEO     Monday, 14 Jan 2013 | 6:45 PM ET

    Barry Stowe, CEO, Asia, Prudential explains why his firm is focusing its efforts on Cambodia. He discusses the opportunities that Southeast Asia presents to Prudential.

  • Breathing In China's Hazardous Air     Monday, 14 Jan 2013 | 6:40 PM ET

    Chinese media on Monday called on the government to improve air quality, days after the Beijing's pollution index went off the charts. CNBC's China correspondent Eunice Yoon reports from the Chinese capital.

  • Chinese companies are deserting U.S. stock markets in record numbers as regulatory scrutiny mounts and the advantages of a U.S. listing slip away. U.S. government investigations of suspect financial reports and battered share prices have for many Chinese companies wrecked the chances of raising new money in the United States.

  • South Korea Stands to Gain as 'Abenomics' Hits Yen Monday, 14 Jan 2013 | 6:11 PM ET
    Seoul, South Korea.

    Japan's drive to weaken the yen poses a threat to big South Korean exporters such as Hyundai Motor, but the new government in Seoul may not want to do too much about it - a firming won could actually make the economy stronger.

  • First Shots Fired in 'Currency War' Monday, 14 Jan 2013 | 10:58 AM ET
    Dollar, Euro and Iranian Rial

    Japan set the stage for a global currency war, which could hamper the global recovery and relatively robust stock market.

  • India Inflation Turns a Corner, Rupee to Benefit Monday, 14 Jan 2013 | 4:41 AM ET
    Indian Rupees

    Inflation appears to have finally turned a corner in India, and a big beneficiary could be the rupee. Find out why.

  • India will delay by two years the implementation of controversial rules on tax avoidance to 2016, Finance Minister P. Chidambaram said on Monday, giving some respite to investors after the measures dented confidence at a time the country needs capital inflows.

  • China's Sovereign Wealth Fund in Big 2012 Turnaround Monday, 14 Jan 2013 | 3:36 AM ET
    Lou Jiwei, chairman of China Investment Corp.

    China Investment Corporation (CIC), the world's biggest sovereign wealth investor said 2012 was a much better year for the $482-billion fund, with returns of over 10 percent.

  • Indian Prime Minister Manmohan Singh shakes hands with Pakistan President Asif Ali Zardari.

    India's army chief accused Pakistan on Monday of detailed planning of an attack along Kashmir's de facto border last week in which two soldiers were killed and said India reserved the right to retaliate.

  • The number of international schools registered in mainland China has skyrocketed in the past 12 years as they tap into a growing market of upwardly-mobile Chinese willing to pay as much as $41,700 a year for a Western-style education and a ticket to college overseas for their children.

  • India December Inflation Slows to 3-Year Low Monday, 14 Jan 2013 | 1:17 AM ET

    India's headline inflation slowed down to its lowest level in three years, hardening expectations for an interest rate cut by the central bank later this month to boost an economy that is set to post its slowest growth in a decade.

  • During the financial crisis, sovereign wealth fund China Investment Corporation (CIC) made several bad bets on U.S. financials, and has since adopted a safer investment strategy. Speaking to CNBC's Bernie Lo, Chairman and CEO Lou Jiwei says the fund recovered last year.

  • Seventh Time Lucky for Singapore Property Steps? Monday, 14 Jan 2013 | 12:40 AM ET

    Third time lucky for some, could it be a case of seventh time lucky for Singapore,which has just unveiled its latest and most stringent measures to cool a sizzling property market, which has so far defied a slew of steps unveiled since 2009.

  • Li & Fung's Shares Dive 16% on Profit Warning Sunday, 13 Jan 2013 | 11:34 PM ET

    Shares of Li & Fung fell 16 percent to a three-month low after the global supply chain manager warned of a steep drop in core operating profit, taking investors by surprise and triggering concern over its ability to reach a three-year earnings target.

  • What Are Gold Bugs Afraid Of? Sunday, 13 Jan 2013 | 10:37 PM ET

    The price of an ounce of fine gold entered this Millennium at $271.1, one of the lowest gold prices in the previous 20 years. Since then, the price of gold has soared more than five-fold. Corrected for inflation, gold returned a whopping 480 percent.

  • 'Fountain' of US Supply Could Curb Oil Gains Sunday, 13 Jan 2013 | 10:14 PM ET
    Oil rigs in the South China Sea.

    Oil prices may rise this week, boosted by expectations of further weakness in the U.S. dollar against its European counterpart and on indications global growth is improving, according to CNBC's latest survey of oil market sentiment, though gains may be limited by increased supply from North America.

  • Is WTO About to Abandon Dream of Global Free Trade? Sunday, 13 Jan 2013 | 10:11 PM ET
    World Trade Organization Director-General Pascal Lamy.

    As it seeks a new chief to lead it out of a negotiating death-spiral, the World Trade Organization looks doomed to be fatally undermined by new global carve-ups that will leave many of the world's poorest sidelined.

  • Budget Surplus Unlikely This Fiscal Year: Swan     Sunday, 13 Jan 2013 | 10:10 PM ET

    Wayne Swan, Australian Treasurer and Deputy Prime Minister says it's unlikely the jump in iron prices so far this year is going to lead to a budget surplus in the 2012-2013 fiscal year.

  • Shares in Citic Telecom surged 13.4 percent on Monday after it agreed to buy a 79 percent stake in a Macau telecom company from Cable & Wireless Communications and Portugal Telecom for $1.2 billion, giving the Chinese company greater access to fast-growing Macau.

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