Asia-Pacific News


  • 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.

  • Why Falling Yen May Trigger Rise in Asian Stocks Wednesday, 19 Dec 2012 | 1:55 AM ET

    The Japanese yen has fallen about 6 percent over the past one month, and is expected to weaken further. As the weaker currency increases the Japanese economy's competitiveness, it's also likely to boost sentiment for Asian equities, said analysts.

  • If This Happens, Singapore Home Prices Will Fall Wednesday, 19 Dec 2012 | 1:35 AM ET

    Private home prices in this Southeast Asian financial hub have risen a whopping 56 percent since the global financial crisis, and most analysts expect this upward trajectory to continue into the new year, even as the market faces a drop in sales volumes amid a somber growth outlook. So what will it take for Singapore property prices to fall?

  • Business sentiment among Asia's top companies improved slightly in the fourth quarter, reversing two consecutive quarters of declines, while global economic uncertainty remained the biggest concern for the region's firms, a Thomson Reuters/INSEAD survey showed.

  • World Bank Raises China Growth Forecast for 2013 Tuesday, 18 Dec 2012 | 10:18 PM ET
    World Bank building in Washington, DC.

    The World Bank raised its 2013 economic growth forecasts for China and developing East Asia on Wednesday, and said the region remained resilient despite the lackluster performance of the global economy.

  • Fast food giant KFC's Chinese subsidiary pledged on Tuesday to work with authorities in investigating claims by state television that its chicken suppliers had injected anti-viral drugs and growth hormones in its poultry.

  • Esprit store

    Shares of Esprit Holdings fell nearly 7 percent to a one-month low on Wednesday after the Europe-focused retailer warned of a possible loss for the six months ending in December, triggering a raft of broker downgrades.

  • Shinzo Abe, incoming Prime Minister of Japan.

    If the outcome of Sunday's election in Japan was a disaster for the outgoing Democratic Party of Japan, it didn't offer much comfort, either, to leaders in China and South Korea. At a time of heightened regional tension, they are preparing for the arrival of a conservative administration in Tokyo.

  • The gathering had the air of a post-mortem. About 100 executives and government officials listened quietly as Guillermo Luz poked holes in the Philippines' fairytale economic revival.

  • South Korean Election: Vice and Vanity in Seoul Tuesday, 18 Dec 2012 | 7:00 PM ET

    South Koreans assumed that Lee Kun-hee was the equivalent of royalty, an untouchable oligarch at the helm of one of the world's largest companies, the Samsung Group.

  • Appetite for Bonds Sours as Asia Investors Get Burned Tuesday, 18 Dec 2012 | 6:56 PM ET

    Asia's wealthiest investors may lose some of their appetite for corporate bonds after getting burned in recent deals, analysts and bankers say, sowing caution in a market where issuance hit a record this year and hiking funding costs for riskier borrowers.

  • The Indian parliament cleared a path for more foreign investment in the banking sector by approving a bill to increase shareholders' voting rights.

  • Australian surf wear company Billabong International said on Wednesday it has received a $556 million takeover bid for the company, the latest development in a tumultuous year in which three previous takeover offers failed.

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