Asia-Pacific News


  • Apple Loses Patent Battle in Ongoing Samsung War Thursday, 20 Dec 2012 | 8:53 AM ET

    Apple lost a key battle to patent its 'pinch-to-zoom' technology, in the latest skirmish between the tech giant and Samsung, its fiercest competitor.

  • Can South Korea's New President Keep 'KOSPI' Pledge? Thursday, 20 Dec 2012 | 4:59 AM ET
    Park Geun-hye

    South Korea's first woman president-elect Park Geun-hye has made an ambitious campaign pledge of promising to lift the country's benchmark stock index to the 3,000 mark during her five-year term. But analysts say that may not be possible given the fact that the stock market is dependent more on external factors.

  • Is Bank of Japan Already Dancing to Abe's Tune? Thursday, 20 Dec 2012 | 3:28 AM ET
    Shinzo Abe

    Japan's incoming Prime Minister Shinzo Abe is slated to take office next week, but the country's central bank, which concluded its two-day policy meeting on Thursday, already appears to be dancing to the leader's dovish tune, analysts told CNBC.

  • Food safety authorities have shut down two chicken farms in eastern China, including one that supplied Yum Brands' KFC and McDonald's.

  • India Confronts its Own Brazen and Spectacular Violence Thursday, 20 Dec 2012 | 1:57 AM ET

    As America mourns children and teachers killed by a gunman at Connecticut's Sandy Hook Elementary, India is confronting brazen and horrific acts of violence, too — though the problems here are not as directly tied to guns or mental illness.

  • Australia Abandons Budget Plans as Tax Take Tumbles Thursday, 20 Dec 2012 | 1:20 AM ET
    Australia Treasurer Wayne Swan

    Australia's government abandoned a long-held pledge to return its budget to surplus, blaming a painfully high local currency, lower export earnings and lower company profits for blowing a massive hole in tax takings.

  • Loved and Loathed, Park Talks Tough After Korea Poll Win Thursday, 20 Dec 2012 | 12:47 AM ET

    South Korea's President-elect, Park Geun-hye, used her first major speech on Thursday to warn of the risks posed by a hostile North Korea and also fired a political shot across the bows of Japan's incoming Prime Minister Shinzo Abe.

  • Wintery China Land Auction Signals a Warming Market Wednesday, 19 Dec 2012 | 11:19 PM ET
    Chongqing, China

    Authorities in the eastern city of Qingdao have sold a land parcel for 872.4 million yuan ($140 million) in an auction that set the highest premium of the year, the latest in a series of deals to signal a mild recovery in China's property market.

  • Is Optimism Over Indian Stocks Out of Whack? Wednesday, 19 Dec 2012 | 11:07 PM ET

    Indian equities have had a bumper year, surging more than 25 percent year-to-date, and strategists expect the double-digit gains to continue into 2013. But how realistic are these expectations?

  • New Zealand Third Quarter GDP Slows More Than Expected Wednesday, 19 Dec 2012 | 10:02 PM ET

    New Zealand's economy grew at its weakest rate in nearly two years during the September quarter as falling manufacturing and agricultural output offset a surge in construction, but analysts said it was unlikely to prompt a rate cut.

  • Prospect of Capital Flight Delaying China's Reforms? Wednesday, 19 Dec 2012 | 8:03 PM ET

    Long-time China watchers probably felt a sense of deja vu when HSBC's chief China economist, Qu Hongbin, predicted last month that the yuan would be convertible within five years.

  • Is 2012 as Bad as It Gets for Hong Kong’s IPOs? Wednesday, 19 Dec 2012 | 8:00 PM ET
    Hong Kong Stock Exchange

    After hitting a four-year low in 2012, Hong Kong's once red-hot IPO market is forecast to pick up as the Chinese economy revives and boosts sentiment for fund-raising.

  • China's Focus Media Agrees to Buyout for $3.7 Billion Wednesday, 19 Dec 2012 | 6:55 PM ET
    A Focus Media visual display hangs in the lobby of a building in Beijing, China.

    Chinese display-advertising provider Focus Media said on Wednesday it had agreed to be acquired by a consortium of private equity funds led by Carlyle Group for about $3.7 billion.

  • Labors work at a factory's workshop in Huaying, Sichuan province of China.

    Chinese workers are enjoying better pay and are changing jobs more often, an international human resources consultancy says.

  • A Qantas A-380 takes off  in Sydney, Australia.

    Australia's competition watchdog gave conditional approval to an alliance between struggling national flag carrier Qantas Airways and Dubai's Emirates, but approved it for only five years, not 10 as had been sought.

  • Under Pressure, Bank of Japan Seen Easing, Again Wednesday, 19 Dec 2012 | 6:06 PM ET
    Masaaki Shirakawa

    The Bank of Japan is expected to deliver its third dose of monetary stimulus in four months on Thursday in a prelude to more aggressive action next year, as it faces intensifying pressure from the country's next leader for stronger efforts to beat deflation.

  • South Korea Set to Get Its First Woman President Wednesday, 19 Dec 2012 | 9:24 AM ET
    Park Geun-hye

    The daughter of a former military ruler took a commanding lead in South Korea's presidential election on Wednesday, putting her on track to become the country's first woman head of state.

  • Pressure Mounts on Bank of Japan as November Exports Fall Wednesday, 19 Dec 2012 | 4:03 AM ET

    Japan's exports fell for a sixth straight month in November from a year earlier, adding yet more pressure on the Bank of Japan to vigorously expand monetary stimulus.

  • Having Trouble With China, Southeast Asia Looks to India Wednesday, 19 Dec 2012 | 3:13 AM ET

    The dozens of vehicles that roared into northeast India this week on a rally from Indonesia symbolize deeper ties between the South Asian giant and Southeast Asia, but the dreadful roads along several parts of the 8,000 km journey also show how much remains to be done.

  • Even Gold Bull Jim Rogers Is Turning Cautious Wednesday, 19 Dec 2012 | 2:16 AM ET
    Jim Rogers

    With gold prices being hammered in recent weeks, and trading near four-month lows on Wednesday, longtime gold bull Jim Rogers is sounding a word of caution, saying it's possible the correction in bullion may continue into the new year.

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