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Asia-Pacific News


  • China Signals Willingness to Tolerate 7% Growth Thursday, 6 Jun 2013 | 7:56 PM ET
    China's new President Xi Jinping (R) talks with former President Hu Jintao (L) on March 14, 2013 in Beijing, China.

    China's new leaders have adopted a greater tolerance for a slowdown in the economy than their predecessors and are likely to allow quarterly growth to slip as far as 7 percent before triggering fresh stimulus.

  • Hog Stock: Inside China's Strategic Pork Reserve Thursday, 6 Jun 2013 | 2:41 PM ET
    A Chinese vendor carries a slaughtered pig to his motorcycle at an abattoir, as he heads back to his stall at a market in Hefei, east China's Anhui province.

    Americans know that the U.S. keeps a huge petroleum reserve, but China takes stockpiling to an entirely different level: It runs a strategic pork reserve.

  • Obama Impact on China Hacking 'Limited': Huntsman Thursday, 6 Jun 2013 | 5:53 AM ET
    Jon Huntsman, former U.S. Ambassador to China and onetime GOP presidential hopeful, makes an appearance during the 2012 campaign.

    Obama's cyberhacking talks with China can have only a "limited" impact, former ambassador Jon Huntsman tells CNBC.

  • Aussie Dollar Slide Is Turning Into a 'Massacre' Thursday, 6 Jun 2013 | 3:44 AM ET

    The Australian dollar continued its dramatic slide on Thursday, hitting a 20-month low against the U.S. dollar below the 95 cent mark to levels unseen since October 2011.

  • Wild Swings? Emerging Currencies Have It Worst Thursday, 6 Jun 2013 | 2:37 AM ET

    Volatility in global markets looks tame compared with the wild swings in emerging market currencies as investors brace for an unwinding of the Fed’s hefty monetary stimulus, strategists say.

  • Can Japan's Nikkei Escape From the Bears? Thursday, 6 Jun 2013 | 12:13 AM ET

    Although the fall in Japan's benchmark stock index over the past two weeks has been much steeper than anticipated, the market might just escape bear market territory, strategists say.

  • Data Superficial, China Is Fine: Roach Wednesday, 5 Jun 2013 | 11:21 PM ET
    Shanghai, China

    China is doing "much better" than the recent slew of discouraging monthly economic data might suggest, according to Stephen Roach.

  • Yen and Nikkei Traders – Who's Following Who? Wednesday, 5 Jun 2013 | 9:36 PM ET

    Sharp falls in Japanese equities have started to strengthen the yen as foreign investors unwind hedges they took out to protect themselves from the yen's recent slide.

  • As Secrecy Laws Loom, What Now for Singapore? Wednesday, 5 Jun 2013 | 9:10 PM ET

    Private banks in the Asian financial hub, Singapore, are the next target of tighter regulations after the crackdown in the U.S. and Europe on tax cheats.

  • Global Luxury Sales Growth Could Halve This Year Wednesday, 5 Jun 2013 | 5:35 PM ET

    Bain & Co. predicts that growth in luxury sales will be up to 50 percent slower this year than last. The main reason: Chinese are breaking away from their gift-giving culture and trying not to be ostentatious.

  • Cyberthreats Are the New Cold War, Expert Says Wednesday, 5 Jun 2013 | 4:39 PM ET
    President Barack Obama listens as Chinese President Xi Jinping answers a question following their bilateral meeting at the Annenberg Retreat at Sunnylands in Rancho Mirage, California, on June 7, 2013

    Cyberattacks will no doubt be a major topic when President Barack Obama meets Friday with China President Xi Jinping. Both sides call foul, and in a sense they are both right.

  • China's Strength Could Become Its Weakness Wednesday, 5 Jun 2013 | 9:42 AM ET

    Amid growing domestic tensions and internal imbalances, China's new leaders are working to wean its economy off decades of state investment.

  • 'Summer of Volatility' Heats Up as Nikkei Sinks Wednesday, 5 Jun 2013 | 3:40 AM ET

    The 1967 "summer of love" may have initiated a major political and cultural shift, but 2013 looks set to produce a sizeable change in investors' blood pressure.

  • Wine vs. Solar Panels: China Hits Back at EU Wednesday, 5 Jun 2013 | 3:29 AM ET

    China launched an anti-dumping and anti-subsidy probe in European wine on Wednesday in response to the European Union's decision to impose duties on imports of Chinese solar panels.

  • Consumers Not Sold on Abe's Promise of Change Wednesday, 5 Jun 2013 | 2:16 AM ET

    While the stock market and the yen might have given the initial thumbs up to Prime Minister Shinzo Abe's radical policies for change, consumers are still greeting it with skepticism.

  • Apple Clone in China Builds a Smartphone Empire Wednesday, 5 Jun 2013 | 2:09 AM ET
    Xiaomi CEO Lei Jun speaks during the 2013 Global Mobile Internet Conference (GMIC) at China National Convention Center in Beijing, China, in May.

    In a country where products like iPhones are made but rarely invented, Lei Jun - entrepreneur and billionaire - is positioning himself and his company as figurative heirs of Mr. Jobs. The New York Times reports.

  • Markets Vote Down Abe's Reform Plans Wednesday, 5 Jun 2013 | 2:09 AM ET

    Plans ranging from setting up special economic zones and raising incomes by 3 percent annually, weren't enough to excite equity investors.

  • Japan Fires 'Third Arrow,' but Will It Hit Bull's Eye? Wednesday, 5 Jun 2013 | 2:03 AM ET

    Prime Minister Shinzo Abe has unveiled a long-term plan to revive the economy and economists say execution is now key.

  • With Latest Ban, Has Samsung Cornered Apple? Wednesday, 5 Jun 2013 | 1:16 AM ET

    In an ongoing battle between the world's two leading tech giants, Samsung won a round against Apple when a U.S. trade agency ruled that the Silicon Valley bigwig had infringed on a patent owned by the Korean company.

  • UBS Warns of 'Abegeddon' Risk in Japan Wednesday, 5 Jun 2013 | 1:06 AM ET
    Cityscape, Shinjuku-ku Tokyo Japan

    Japan risks facing stagflation, or what UBS describes as an "Abegeddon" scenario, if the government fails to restore momentum in the world's third largest economy.

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