Asia-Pacific News


  • The Sun Hung Kai Centre building in Hong Kong, China

    News that Sun Hung Kai’s billionaire co-chairmen have been charged for bribery has cast a pall over the stock and prompted a downgrade from Barclays on Monday, as investors continue to weigh the extent of the fallout from the scandal on Asia's largest developer.

  • Tax Cuts Perpetuate Inequality, Should End: Summers Sunday, 15 Jul 2012 | 11:52 PM ET
    Lawrence Summers, Director of President Barack Obama's National Economic Council

    The United States should not extend Bush-era tax cuts for the wealthiest Americans even as the so-called ‘fiscal cliff’ looms because it will perpetuate income inequality, says Larry Summers, former U.S. Treasury Secretary. Instead, these revenues should go towards strengthening public education and ensuring that low-income students are presented with equal opportunities as their wealthy counterparts so that they can participate in the economy.

  • Macau’s Wheel of Fortune Turns Sunday, 15 Jul 2012 | 8:58 PM ET

    Las Vegas casino mogul Sheldon Adelson was in a buoyant mood on a visit to his new project in Macau three months ago. The 5,800-room Sands Cotai Central, scheduled for completion next year, had already cost $4.4billion by then – “but who’s counting?” he said. The FT reports.

  • China Eases Taxes for Foreign Companies Sunday, 15 Jul 2012 | 7:00 PM ET

    China will cut taxes on the profits that foreign companies take out of the country by up to 50 percent after rules on withholding taxes were relaxed to encourage more overseas investment. The FT reports.

  • China Traders to Shift Focus to Earnings This Week Sunday, 15 Jul 2012 | 12:28 PM ET

    Attention turns to earnings after last week's June data showed the Chinese  economy slowed in line with expectations.

  • Lagarde: Need More Than Lip-Service From Greece Friday, 13 Jul 2012 | 2:25 AM ET
    International Monetary Fund Director Christine Lagarde

    In high-stakes deals on the Street, the side with the leverage usually demands "show me the money first, then we'll talk." But in the rarefied and much higher-stakes world of desperate sovereign borrowers and multilateral lenders of last resort like the International Monetary Fund, it's the other way around -- "show me the goods first, then you get the money." In the case of Greece, Christine Lagarde says "implementation must happen, more than lip-service."

  • The pre-requisites for Peru to establish a $10 billion sovereign wealth fund are in place but the mineral rich country wants to see stabilization in global commodity markets before it can finalize its plans, Luis Miguel Castilla, Peru's Finance Minister told CNBC on Friday.

  • Dentsu Shares Drops on Acquisition of Aegis Thursday, 12 Jul 2012 | 9:22 PM ET

    Dentsu dropped 6.3 percent to 2,162 yen as investors judged its purchase of British marketing group Aegis for 3.2 billion pounds ($5 billion) as overpriced.

  • China to Rebound in H2     Thursday, 12 Jul 2012 | 8:10 PM ET

    Vasu Menon, Vice-President, Wealth Management Singapore at OCBC says that China bank lending is picking up and that that will spur growth.

  • China Needs To Prop up Investment     Thursday, 12 Jul 2012 | 7:40 PM ET

    Frederic Neumann, Managing Director & Co-Head of Asian Economics Research at HSBC says that China needs to support investment as the country's GDP growth continues to decelerate.

  • No Sign of a China Hard-Landing: Rattner Thursday, 12 Jul 2012 | 5:19 PM ET

    The Chinese economy is still strong despite fears about a hard-landing, Steven Rattner , Chairman of Willets Advisors, told CNBC’s “Closing Bell” on Thursday.

  • Don’t Expect Big China Stimulus: Strategist Thursday, 12 Jul 2012 | 1:40 PM ET

    The market is naïve to expect a big stimulus boost in China, Adrian Mowat, JPMorgan’s chief Asian and emerging market equity strategist, told CNBC’s “Squawk on the Street” Thursday.

  • New Free Trade Pact Will Boost Economy: FedEx Exec Thursday, 12 Jul 2012 | 12:32 PM ET

    The Trans-Pacific Partnership will provide a boost of confidence to the seesawing global economy, create more jobs, and speed access to lucrative markets for American goods and services, says FedEx exec Michael Ducker.

  • Aegis and Dentsu Are Stronger Together: CEO Thursday, 12 Jul 2012 | 5:26 AM ET

    Dentsu’s takeover of the digital communications agency Aegis would create a “compelling combination” of two companies looking to expand globally, Jerry Buhlmann, CEO of Aegis Group told CNBC.

  • JP Morgan Chase headquarters

    Regulators are examining JPMorgan Chase’s sales tactics, after claims that the nation’s largest bank pushed its own mutual funds over competitors’ investments.

  • Gold to Hit $2,000 by Year-End on More Fed Easing: Merrill Wednesday, 11 Jul 2012 | 11:15 PM ET
    Gold Bars

    Merrill Lynch has added its voice to the chorus of gold bulls who have been predicting that bullion will hit $2000 an ounce.

  • US Firms Keen on Myanmar     Wednesday, 11 Jul 2012 | 7:20 PM ET

    Myron Brilliant, SVP, International Affairs at U.S. Chamber of Commerce says that easing sanctions on Myanmar is good for U.S. firms and that more sanctions will be lifted in due course.

  • Countries With Zero Income Taxes Wednesday, 11 Jul 2012 | 7:11 PM ET

    There are some countries where you can be 100 percent certain that you don’t have to pay income tax. Find out where.

  • China Traders Brace for Friday’s Economic Data Wednesday, 11 Jul 2012 | 11:07 AM ET

    Trading in China is likely to be subdued on Thursday, ahead of the release of key economic data on Friday.

  • Is the Rush Into Myanmar Creating a Bubble Economy? Wednesday, 11 Jul 2012 | 1:52 AM ET
    Golden Sule Pagoda, Rangoon, Myanmar

    In a country where reportedly a quarter of the population lives in poverty and 70 percent live without electricity, a bubble sounds like an odd way to describe what is happening in a part of Myanmar. If the ultimate trophies for international investors are the nation’s rich resources, such as natural gas, tungsten and gems, let’s just call it a gold rush.

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