Asia-Pacific News


  • Toyota Sees Japan Sales Dropping 20% in 2013 Friday, 7 Dec 2012 | 12:08 AM ET
    Toyota Venza

    Toyota expects Japan vehicle sales to fall by a fifth next year, in part due to the end of government tax incentives for fuel-efficient automobiles, media reported, adding to the pain from a decline in China sales.

  • Japan's dominant mobile carrier NTT Docomo said it lost 40,800 subscribers on a net basis in November, as users switched to Softbank and KDDI to grab an Apple iPhone 5 supplied in Japan.

  • Apple, Samsung Spar in Court, Ruling to Come Thursday, 6 Dec 2012 | 9:28 PM ET
    An Apple iPad 2 and iPhone 4S smartphone, left, and a Samsung Electronics Galaxy Tab 10.1 tablet computer and Galaxy S III smartphone.

    Apple and Samsung squared off in court again, as the iPhone maker prepares to convince a U.S. judge to ban sales of a number of Samsung devices.

  • Shares in This Luxury Retailer Are at All-Time Highs Thursday, 6 Dec 2012 | 8:54 PM ET

    Shares of Italian fashion house Prada surged as much as 7.9 percent to an all-time high on Friday after the Milan-based company posted forecast-beating quarterly results.

  • Indian Bourse Picks Banks for $1 Billion New Listing Thursday, 6 Dec 2012 | 7:35 PM ET

    India's BSE Ltd, the former Bombay Stock Exchange which has lost market share to rivals, has chosen 14 banks for a share offering planned for the first half of 2013.

  • Asia's Growth Prospects Not So Hot: ADB Thursday, 6 Dec 2012 | 7:35 PM ET

    The Asian Development Bank lowered its 2012 and 2013 growth estimates for developing Asia on Friday as frail global demand drags on the region.

  • Yum Tweaks China Growth Plans, Targets More Pizza Huts Thursday, 6 Dec 2012 | 6:30 PM ET

    KFC and Pizza Hut parent Yum Brands said it is rethinking where it opens new restaurants in China and accelerating openings of its high-margin pizza chain in that country.

  • China Likely to Stick With 7.5% Growth Target Thursday, 6 Dec 2012 | 6:29 PM ET
    Shanghai, China

    China's leaders are likely to stick with the 2012 growth target of 7.5 percent when they chart a course for 2013, allowing higher levels of fixed-asset investment to offset weak export demand.

  • Facebook Buying Microsoft Ad Technology? Thursday, 6 Dec 2012 | 3:45 PM ET

    Facebook is in negotiations with Microsoft about acquiring advertising technology that could allow the social network displays ads on other websites, according to reports.

  • New Device Lets Crooks Crack Many Hotel Locks Thursday, 6 Dec 2012 | 12:12 PM ET
    Hotel room keycard on table

    A small, simple device can unlock hotel doors at some of the most popular chains.

  • Place Your Bets – Korean Won to Rise: Pro Thursday, 6 Dec 2012 | 5:56 AM ET

    The South Korean won should remain relatively strong given the underlying economic fundamentals of the Korean economy and better global economic headwinds,Thio Chin Loo, Senior Currency Strategist at BNP Paribas told CNBC Thursday.

  • Apple's rank in China's smartphone market, which is set to become the world's largest this year, fell to No.6 in the third quarter as it faces tougher competition from Chinese brands, according to research.

  • South Korean Economy Slows in the Third-Quarter Thursday, 6 Dec 2012 | 5:05 AM ET
    Seoul, South Korea.

    South Korea's economy grew 0.1 percent in the July-September period from the previous quarter, a slight downgrade from an earlier estimate and the slowest in three and a half years.

  • Ten Network announced a steeply discounted $240 million capital raising on Thursday as it struggles to buy hit programs to counter a weak advertising market.

  • Samsung's New Galaxy Phone May Have Unbreakable Screen Thursday, 6 Dec 2012 | 4:45 AM ET
    Samsung Galaxy S III smartphone

    Samsung is likely accelerating the launch of its next-generation Galaxy smartphone- which may come with an unbreakable screen.

  • China Further Fuels Tension in South China Sea Dispute Thursday, 6 Dec 2012 | 4:04 AM ET
    oil drilling in the south China Seas

    China told Vietnam on Thursday to stop unilateral oil exploration in disputed areas of the South China Sea, raising tension in protracted maritime territorial disputes with its neighbors.

  • StanChart Sees $330 Million Settlement on Iran Thursday, 6 Dec 2012 | 12:34 AM ET

    Standard Chartered expects to pay $330 million to settle a case with U.S. regulators, further denting profit growth this year.

  • Forbes Power List Signals Asia's Growing Clout Thursday, 6 Dec 2012 | 12:00 AM ET

    China's new leaders do not officially assume their new posts until next March, but they're already on Forbes' Most Powerful People list. This may signal the growing clout of Asia's political figures in global affairs.

  • Predictions That Went Wrong in 2012 Wednesday, 5 Dec 2012 | 11:23 PM ET

    From the collapse of a global power to a surge in a stock price, several boom to bust observations have been made this year. Here is our list of eight.

  • The 'Fiscal Cliff' a 'Bungee Jump' for Markets: Expert Wednesday, 5 Dec 2012 | 9:56 PM ET

    As the prospect of the U.S. economy falling off a "fiscal cliff" looms large, keeping stock markets on edge, one technical analyst says falling off the "cliff" is likely to end up being a non-event for equities.

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