Asia-Pacific News


  • Japan Machinery Orders Up, but Outlook Uncertain Tuesday, 11 Dec 2012 | 7:11 PM ET

    Japan's core machinery orders rose 2.6 percent in October from the previous month, up for the first time in three months, but uncertainty over the global outlook will likely continue to weigh on business investment and the broader economy.

  • BHP agreed to sell its stake in the Browse liquefied natural gas project to Chinese oil and gas producer PetroChina for $1.63 billion, the second partner to leave the project in recent months.

  • China's Future Growth? The Answer Is Megacities Tuesday, 11 Dec 2012 | 6:16 PM ET

    For China, the economic slowdown has led to a search for growth opportunities. The country's growth in the future depends on raising productivity. Urbanization, if structured efficiently, could help in that regard.

  • Japan's Construction Sector Set to Boom After Election Tuesday, 11 Dec 2012 | 4:29 PM ET

    Polls show the election is likely to return to power the long-dominant Liberal Democratic Party, which has promised to boost public works and talks of spending 200 trillion yen on projects over the next decade.

  • US to Lose #1 Economic Ranking to China by 2030: Study Tuesday, 11 Dec 2012 | 2:19 PM ET

    If China's GDP continues growing at its current pace, the republic will become the lead economic power within the next 20 years.

  • Why Australia Should Break Its 'Surplus' Promise Tuesday, 11 Dec 2012 | 12:00 PM ET

    Australia's economy may be one of the most resilient in the developed world, having expanded over 3 percent in the third quarter even as the mining boom loses steam, but analysts say the government's vow to return the budget to surplus may knock the wind out of its economy.

  • Yahoo Mail Upgrade: Is Simpler Better? Tuesday, 11 Dec 2012 | 10:22 AM ET
    Yahoo billboard in San Francisco, CA

    Yahoo Mail Just got a major upgrade.

  • Is This the World's Most Expensive Bottle of Whisky? Tuesday, 11 Dec 2012 | 9:33 AM ET
    Glenfiddich Janet Sheed Roberts Reserve

    An extremely rare bottle of Glenfiddich single malt scotch may fetch as much as $100,000.

  • Why is Wednesday's meeting in Vienna going to be a potentially moody affair? Is the apparent lack of downside risk in the oil price disguising longer term economic and political problems ahead? .

  • New regulations in Mongolia could stifle a deal to develop the Oyu Tolgoi mine, the world’s biggest new source of copper, and hurt the country’s broader economy.

  • Will Asian Equities Carry Their Bull Run Into 2013? Tuesday, 11 Dec 2012 | 12:59 AM ET
    Investors watch the electronic board at a stock exchange hall in Huaibei, China.

    Asian stocks have had a solid run this year, with the MSCI Asia Ex-Japan Index rallying 17 percent since the start of 2012, and Standard Chartered Bank says expect another 10 percent upside in the new year.

  • China's banks lent more slowly than markets expected in November while the pace of total financing eased, but analysts said the economy remains on track for a modest recovery.

  • Air Rage: Chinese Screaming Mad Over Delays Monday, 10 Dec 2012 | 10:40 PM ET

    In China, angry passengers are resorting to extreme measures to protest delays as the country's restricted air corridors are becoming clogged with millions of new fliers each year.

  • Benchmark oil prices will continue to remain in a tight range this week as the continued lack of progress on averting the U.S. "fiscal cliff" and a political crisis in Italy offset positive sentiment from data showing an improvement in China's economy.

  • The strongest support level is near 74.5. This suggests a fall below 79 will find temporary support near 77 and long term support near 74.5.

  • Australian business confidence slumped to its lowest level in more than three years in November, while conditions stayed weak, bolstering the case for further cuts in interest rates.

  • Is China Easing its Grip on Web Censorship? Monday, 10 Dec 2012 | 7:51 PM ET
    Xi Jinping

    China must deepen reforms to perfect its market economy and strengthen rule of law, Communist Party chief Xi Jinping said in southern Guangdong.

  • US Intelligence: Asia's Global Power Rising Monday, 10 Dec 2012 | 7:28 PM ET

    China's economy is likely to surpass the United States in less than two decades but the Asian country is not expected to take on the superpower role of the United States in gathering coalitions to deal with global issues.

  • HSBC to Pay $1.9 Billion for Money Laundering Monday, 10 Dec 2012 | 7:27 PM ET

    Federal and state authorities plan to announce a record $1.9 billion settlement with HSBC on Tuesday, a major victory in the government's broad crackdown on money laundering at banks.

  • StanChart to Pay $327 Million in Sanctions Case Monday, 10 Dec 2012 | 6:29 PM ET

    StanChart has agreed to pay $327 million to resolve allegations that it violated U.S. sanctions against Iran, Sudan and two other countries, capping months of legal headaches for the British bank.

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