Asia-Pacific News


  • Inflation Hits Asia's Wealthiest the Hardest Tuesday, 4 Jun 2013 | 1:00 AM ET

    The wealthy in Asia - which is estimated to be home to the largest population of high net worth individuals in the world - have to now fork out even more cash to maintain their high life.

  • Australia Holds Fire on Rates, but for How Long? Tuesday, 4 Jun 2013 | 12:31 AM ET

    The Reserve Bank of Australia left its interest rate steady at a record low on Tuesday and analysts it could ease monetary policy soon.

  • Relax, Sign Points to Eventual Rally in Japan Tuesday, 4 Jun 2013 | 12:02 AM ET

    It's a question of when, not if, Japan's large institutional investors will reallocate funds from government bonds into riskier assets, said Shogo Fujita, chief Japan bond strategist at Bank of America Merrill Lynch.

  • Is Dollar-Yen’s Slide Below 100 Just the Start? Monday, 3 Jun 2013 | 11:30 PM ET

    The dollar-yen's fall below the key 100 mark could just be the start of a downtrend for the currency pair, analysts tell CNBC.

  • Japan's radical plans to get the world's third largest economy back on track, which have created investor euphoria in recent months, seem to be losing momentum quickly.

  • Shares of This Australian Surfwear Firm in Freefall Monday, 3 Jun 2013 | 10:13 PM ET

    Shares in surfwear company Billabong International plummeted as much as 58 percent on Tuesday after it said it had ended takeover talks with two potential suitors.

  • Will Australia Deliver Another Rate Cut? Monday, 3 Jun 2013 | 9:00 PM ET

    A Reserve Bank of Australia meeting should be one of the key highlights for Asian markets this week, with the central bank expected to hold its fire a month after cutting rates to a record low.

  • Change Coming for Japan's Massive Pension Pool? Monday, 3 Jun 2013 | 7:39 PM ET
    Japanese Prime Minister Shinzo Abe.

    Japan's government is set to urge the nation's public pension funds to increase their investment in equities as part of a growth strategy being readied by Prime Minister Shinzo Abe.

  • BRIC Powerhouses Risk 'Middle-Income Trap' Monday, 3 Jun 2013 | 4:48 AM ET

    The BRIC economies, which have driven much of the global growth over the past decade, could be entering a middle-income trap, a shift which could have far reaching implications for the world.

  • Things Are Looking Bad Outside China, Too Monday, 3 Jun 2013 | 1:34 AM ET

    Global growth engine China isn't the only economy in the world exhibiting signs of weakness, according to the latest purchasing managers index (PMI) readings published on Monday.

  • Is Another Turbulent Month in Store for Markets? Monday, 3 Jun 2013 | 1:13 AM ET

    Japan's benchmark Nikkei stock index fell to its lowest level in almost six weeks on Monday, raising the specter of a second month of volatility for the world's major equity markets.

  • A retiree watches stock prices on the Australian Stock Exchange (ASX) in Sydney, Australia.

    Australian equities have fallen almost 7 percent since mid-May, wiping out a sizable portion of the year's gains. But this winter could turn out to be 'wonderland' of opportunities to investors.

  • Dollar-Yen at 89? It Could Happen by Year-End Sunday, 2 Jun 2013 | 10:46 PM ET

    The dollar-yen, which has fallen almost 3 percent from a four and half year high in May and is barely hanging on to the 100 mark, is likely to hit 89 by the end of the year, according to one economist.

  • China May HSBC PMI at Worst Level Since October Sunday, 2 Jun 2013 | 9:52 PM ET

    China's factory activity shrank for the first time in seven months in May, a private survey showed, adding to concerns that the world's second-largest economy is losing momentum.

  • North Korea Surrenders to Foreign Currency Invasion Sunday, 2 Jun 2013 | 8:54 PM ET
    yuan on dollar.jpg

    Chinese currency and U.S. dollars are being used more widely than ever in North Korea instead of the country's own money, a testament as to how much Kim Jung-un has lost control over the economy.

  • Foreign Investors Still Barred from This, in China Sunday, 2 Jun 2013 | 8:20 PM ET

    Ms. Wang, considered to be the richest woman in Asia and a flamboyant figure, faced an obstacle: Foreigners were barred from holding stakes in Chinese financial institutions.

  • Will It Be Hit or Miss for Abe's Final Arrow? Sunday, 2 Jun 2013 | 7:18 PM ET

    There has been a certain buzz around Japan since Prime Minister Shinzo Abe promised radical change. Whether that will last or fizzle out will depend on what long-term strategy Abe outlines this week.

  • India's Tech Giant Recalls Founder to Trouble Shoot Sunday, 2 Jun 2013 | 12:20 AM ET

    India's No. 2 IT services firm Infosys grappling with disappointing results and loss of market share, has recalled founder and former chairman N.R. Narayana Murthy to act as executive chairman for five years.

  • China's May Factory Activity Stronger Than Expected Saturday, 1 Jun 2013 | 12:01 AM ET

    China's official PMI rose to 50.8 in May from 50.6 in April, data showed on Saturday, beating market expectations and raising optimism for the world's second-largest economy.

  • S. Korea Suspends Imports on 'Frankenwheat' Fears Friday, 31 May 2013 | 12:50 PM ET

    South Korean millers suspended imports of U.S. wheat on Friday after the discovery of an unapproved strain of genetically modified wheat.

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