Asia-Pacific News


  • Global Markets: EU Shares Trading Lower     Thursday, 18 Oct 2012 | 6:11 AM ET

    CNBC's Kelly Evans reports on all the market moving events from Europe, including a preview of the likely agenda at an EU summit set to take place in Brussels.

  • Richard Li Secures ING Insurance Units Thursday, 18 Oct 2012 | 5:55 AM ET

    Richard Li has won the race to buy the Hong Kong and Thailand operations of ING’s insurance business for more than $2 billion, according to people close to the process, leaving the Dutch group with just its Korean and Japanese operations to sell in Asia. The FT reports.

  • Middle-Class Money Powers Indonesia's Rising Cities Thursday, 18 Oct 2012 | 3:27 AM ET

    From weddings to funerals and iPhones to cars, emerging middle-class consumers in Makassar and Indonesia’s other booming second-tier cities are increasing their spending, and investors are stepping up their efforts to exploit these fast-growing and relatively untapped markets. The FT reports.

  • India’s growing middle class and the rich have plenty of places to escape the chaos and crowding of India’s most important business center. But a vast majority of Mumbai residents have access to only tiny scraps of green or a handful of large open spaces, most of them in the historic downtown area, that are swarming with crowds. The New York Times reports.

  • Will the Yuan’s Rally Placate the US? Wednesday, 17 Oct 2012 | 11:49 PM ET

    Harsh words from Republican candidate Mitt Romney about branding China a currency manipulator if he’s elected president next month is politics, but the rhetoric may well encourage Beijing to keep nudging its currency higher in the weeks ahead to avoid being at the center of the U.S. election debate, analysts say.

  • Base Metal Prices to Fall     Wednesday, 17 Oct 2012 | 6:45 PM ET

    Jay Richards, Investment Manager at GTL Capital Management says that base metals prices will fall as China's infrastructure spending slows.

  • What Do Wealthy Chinese Women Want? Wednesday, 17 Oct 2012 | 11:08 AM ET
    A jewelry display in a luxury shopping mall in Shanghai

    A new study says there are 2,725 women in China worth $30 million or more. They are a huge market for luxury marketers — provided the luxury companies predict their desires accurately.

  • Risk Is Back as Fund Managers Turn Bullish on Equities Wednesday, 17 Oct 2012 | 5:11 AM ET

    While bonds have been the asset class of choice this year, equities are quickly gaining favor among global asset managers as central banks pump liquidity into the financial system and investors grow less fearful of the euro zone debt crisis.

  • Martin Ferguson, Minister for Resources and Energy, Government of Australia says that Canberra is committed to negotiations with India regarding Uranium sales.

  • China’s Economic Downturn Is the New Normal: Expert Tuesday, 16 Oct 2012 | 7:42 AM ET

    China’s economic downturn represents the beginning of a "new normal" investors will have to adjust to, Dr. Wang Qing of the China International Corporation told CNBC on Tuesday.

  • 'Consumer Revolution' Coming: How the West Can Win Tuesday, 16 Oct 2012 | 4:08 AM ET

    A “consumer revolution” will take place as close to 3 billion people join the global middle class in the next four decades, with the balance of power shifting inexorably to countries now classed as emerging markets, according to HSBC economists Karen Ward and Frederic Neumann. They predict that the emerging world will account for close to two-thirds of total global consumption by 2050 – up from less than a third in 2012.

  • Are Job Losses the Next Big Risk for China? Monday, 15 Oct 2012 | 11:43 PM ET
    Job seekers read recruitment newspapers at a job fair in Shanghai, China.

    Recent economic data such as stronger-than-expected exports and benign inflation in September are the latest signs that China’s slowdown may be nearing an end, reducing pressure on the government to implement more stimulus measures to shore up the world’s second-biggest economy.

  • North Koreans See Few Gains Below Top Tier Monday, 15 Oct 2012 | 3:17 PM ET

    Kim Jong-un took the reins of his poor nation 10 month ago and some aid groups say its capital has acquired more of the trappings of a functioning society, but people from this border city claim otherwise, The New York Times reports.

  • China No Longer Main Concern for Asia Investors: Pro Monday, 15 Oct 2012 | 8:11 AM ET
    Ticker board in Shanghai Stock Exchange, People's Republic of China.

    China’s economic data is no longer the main driver for financial markets in the Asian region as global economic events take precedence over regional concerns, Chris Tinker, Equity Strategist at Libra Investment told CNBC.

  • Is It Time to Get Off China’s Growth ‘Drug?’ Monday, 15 Oct 2012 | 5:32 AM ET

    China’s gross domestic product (GDP), data due out Thursday, is likely to disappoint investors accustomed to double-digit growth rates from the mainland, however, experts tell CNBC that it’s time to get off the growth “drug,” and adjust to the implications of economic re-balancing in the country.

  • Zeti Akhtar Aziz, governor of Bank Negara Malaysia

    Malaysia, which refused bailout from the International Monetary Fund (IMF) during the Asian financial crisis, says Greece should be given more time to implement reforms and clean up its finances, otherwise an overly-stringent austerity drive could push the country into a prolonged recession and make recovery even more unlikely.

  • ICICI: India's Growth Story Is Back     Sunday, 14 Oct 2012 | 8:45 PM ET

    Chanda Kochhar, CEO, ICICI Bank says that New Delhi's recent policy measures will see the return of Indian growth as it will resume investment and consumer demand.

  • The chapter isn't yet closed on this year's surge in food crop prices following the worst drought in the U.S. in over 50 years.

  • Alarm on Wall Street Grows as 'Fiscal Cliff' Nears Saturday, 13 Oct 2012 | 8:47 AM ET

    Financial titans are warning that the government’s inaction in the face of the approaching fiscal cliff poses real risks to an economy that's already saddled by halting growth and a burgeoning debt load.

  • A senior Chinese diplomat made a secret visit to Tokyo this week to hold talks aimed at defusing tensions between Japan and China over a group of disputed islands, Japan’s top government spokesman said Friday. The New York Times reports.

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