Asia-Pacific News


  • 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.

  • HSBC Holdings might pay a fine of $1.8 billion as part of a settlement with U.S. law-enforcement agencies over money-laundering lapses.

  • Australia Employment Up Again, Jobless Rate Drops Wednesday, 5 Dec 2012 | 8:30 PM ET

    Australian employment rose 13,900 to beat expectations for a second month in November while the jobless rate surprised with a drop to 5.2 percent.

  • Record Low Rates in New Zealand to Stay for Some Time? Wednesday, 5 Dec 2012 | 7:46 PM ET

    New Zealand's central bank held its key rate at a record low and indicated it would likely stay there into 2014 because of a strong dollar, and the prospect of inflation from a pick-up in earthquake rebuilding and more active housing market.

  • Why China's SAIC Is Important to General Motors Wednesday, 5 Dec 2012 | 6:19 PM ET

    General Motor's new China chief insists that their partnership with SAIC Motor is fine and are growing closer as they look to use their business model in Southeast Asia to tap demand for no-frills cars.

  • Time to Be Picky About Corporate Bonds Wednesday, 5 Dec 2012 | 2:11 PM ET

    Investors looking to buy corporate bonds must temper their expectations for 2013.

  • Indian Government Votes to Welcome Foreign Retailers Wednesday, 5 Dec 2012 | 8:58 AM ET

    Foreign retail companies could soon be free to move onto Indian soil after parliament voted to allow foreign direct investment in a fiercely contested debate on Wednesday evening.

  • How Wal-Mart Stores Got a Foothold in India's Market Wednesday, 5 Dec 2012 | 3:45 AM ET
    Wal-Mart signage is seen in the parking lot of the store in Mexico City, Mexico.

    Wal-Mart entered India's supermarket sector in 2010 with a $100 million bet on a consultancy with no employees, no profits, and a scant $14,000 in revenue.

  • Investors watch the electronic board at a stock exchange hall in Huaibei, China.

    Chinese stocks, which have had a forgettable year so far, climbed 3 percent on Wednesday, after the country's new leadership promised further reforms. But is the rally that has fizzled out many times in the past here to stay?

  • How to Kickstart a Moribund Economy Wednesday, 5 Dec 2012 | 1:56 AM ET

    The start of the downturn dates from the summer of 2007. To still not have resumed meaningful growth six years later suggests we need to take more radical measures.

  • India is slated to become the world's second-most competitive destination for manufacturing operations, after China.

  • Sushi Kills Your Brain Wednesday, 5 Dec 2012 | 12:05 AM ET

    Can eating too much sushi reduce your brain power? The GlobalPost reports.

  • The Most and Least Corrupt Countries Globally Wednesday, 5 Dec 2012 | 12:00 AM ET

    The United States may have the world's largest economy, but it does not even crack the top ten percent when it comes to a perceived lack of corruption, according to Transparency International.

  • Thai Group Buys $9.4 Billion Ping An Stake From HSBC Tuesday, 4 Dec 2012 | 11:12 PM ET

    A group linked to Thailand's richest man, Dhanin Chearavanont, has bought global bank HSBC's entire stake in China's Ping An Insurance for $9.38 billion.

  • China Economy May Grow 8.2% in 2013: Think-Tank Tuesday, 4 Dec 2012 | 10:52 PM ET

    China's economic growth may quicken to 8.2 percent in 2013 from an expected 7.7 percent this year in response to official growth-promoting polices, but downside risk remains from global uncertainties, a top Chinese think-tank said on Wednesday.

  • Zhengzhou Coal Tumbles in HK Debut, Bodes Ill for PICC Tuesday, 4 Dec 2012 | 10:25 PM ET

    Zhengzhou Coal Mining shares tumble in its Hong Kong debut, negatively affecting the underwriters of the $300 million offering, underscoring reduced appetite for new IPOs.

  • China's Services Sector Growth Slows in November Tuesday, 4 Dec 2012 | 9:09 PM ET

    Growth in China's services sector slowed in November as lackluster growth in new orders and a surge of work backlogs.

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