Asia-Pacific News


  • North Korea to Target US With Nuclear, Rocket Tests Thursday, 24 Jan 2013 | 3:03 AM ET

    North Korea said on Thursday it would carry out further rocket launches and a nuclear test that would target the United States, dramatically stepping up its threats against a country it called its "sworn enemy".

  • Hyundai Motor Posts Surprise Profit Decline, Shares Fall Thursday, 24 Jan 2013 | 12:29 AM ET

    South Korea's Hyundai Motor posted a surprise 5.5 percent fall in quarterly net profit, missing forecasts, as record car sales were dented by the impact of a stronger local currency and the cost of compensating drivers in North America for overstated fuel-economy claims.

  • Gangnam Brings Fans—and Tourism Revenue—to Korea Wednesday, 23 Jan 2013 | 11:23 PM ET
    Korean rapper Psy (C) teaches Red Bull Racing drivers Mark Webber (L) and Sebastian Vettel (R) the Gangnam Style dance before the Korean Formula One Grand Prix at the Korea International Circuit on October 14, 2012 in Yeongam-gun, South Korea.

    Even as the South Korean economy struggled in 2012, there was one bright spot-K-Pop sensation Psy's "Gangnam Style" video–that helped bring a record number of tourists boosting revenues to a new high.

  • Japan May Stop Dragging on Global Growth, Finally Wednesday, 23 Jan 2013 | 10:19 PM ET

    Now that Japan has unveiled bold steps to end years of deflation, the world's third largest economy can at last stop being a laggard and start making a positive contribution to global growth, analysts tell CNBC.

  • Trade Deficit in Japan Swells to Record Levels Wednesday, 23 Jan 2013 | 10:10 PM ET

    Japan logged a record annual trade deficit in 2012 as exports continued to slide in December in a worrying signal that the effects of a weaker yen and the new government's moves to boost the economy with fiscal and monetary stimulus have been slow in coming.

  • South Korea's Growth Picks Up but Outlook Challenging Wednesday, 23 Jan 2013 | 6:19 PM ET

    South Korea's economy grew 0.4 percent in the fourth quarter, the central bank's advance estimates showed on Thursday, up from the preceding quarter and roughly matching market expectations.

  • Beijing's Central Business District

    Chinese investment banks are carrying out their biggest layoffs and bonus cuts since the financial crisis as they brace for further profit declines, hit by an ongoing drought in initial public offerings in China that started in September.

  • Indian Finance Minister Makes Case for Upgrade Wednesday, 23 Jan 2013 | 8:16 AM ET

    India's finance minister hinted at a tough budget and said ratings agencies could be forced to change their minds.

  • The Safest Banks in Emerging Markets Wednesday, 23 Jan 2013 | 7:00 AM ET

    Uncertain growth prospects in the developed world are turning more companies and investors toward emerging markets for better gains. How secure are the financial systems in these rapidly developing economies?

  • BHP Digs Deeper for More Ore to Feed China Steel Mills Wednesday, 23 Jan 2013 | 12:13 AM ET

    BHP Billiton, the world's biggest mining company, boosted its iron ore output by 3 percent in the December quarter, as it races to supply more of the raw material to Chinese steelmakers despite signs of a softening market.

  • Forget China Leaders, Watch This Man for Reforms Tuesday, 22 Jan 2013 | 10:41 PM ET
    Guo Shuqing, Chairman of China's Securities Regulatory Commission

    How close is China to driving financial reform and opening up its markets? Perhaps the answer lies not with the country's new leaders, who are being watched closely for their willingness to bring reforms, but with Beijing technocrats who appear to be pushing ahead with change.

  • The U.N. Security Council on Tuesday unanimously condemned North Korea's December rocket launch and expanded existing U.N. sanctions, eliciting a vow from Pyongyang to boost the North's military and nuclear capabilities.

  • 'Glorious Mission' is an online combat game designed to impart 'the core values' of the military to Chinese players. The Global Post reports.

  • Australia Inflation Surprisingly Tame in Q4 Tuesday, 22 Jan 2013 | 8:15 PM ET

    Australian consumer price inflation was unexpectedly benign last quarter thanks to falls in food, electronics and drugs, suggesting there was still plenty of scope for further rate cuts even if there was no urgency for a move as early as next month.

  • Jaguar Land Rover, a subsidiary of India's Tata Motors, announced Tuesday it will manufacture Jaguar brand cars in India. The Global Post reports.

  • Australian Iron Ore Port to Reopen as Storm Passes Tuesday, 22 Jan 2013 | 7:36 PM ET

    Australia's Port Hedland, which handles about a fifth of the world's seaborne-traded iron ore, will reopen on Wednesday after being spared the brunt of a cyclone that has also shut other major ports in Western Australia.

  • Next on List for Bank of Japan? A New Governor Tuesday, 22 Jan 2013 | 7:10 PM ET
    Bank of Japan headquarters in Tokyo, Japan

    After pressuring Japan's central bank into overhauling monetary policy, Prime Minister Shinzo Abe declared the change "epoch making". Next on his to-do list: find a central bank chief more sympathetic to his views than the current governor.

  • China’s Lottery Boom Sparks Social Fears Tuesday, 22 Jan 2013 | 6:23 PM ET

    Cui Shengjun has charted the past 100 lottery draws in China. Lines connecting all the numbers snake back and forth on a whiteboard on his wall. The Financial Times reports.

  • Chinese Stock Rally Here to Stay: Chartist Monday, 21 Jan 2013 | 11:13 PM ET
    Investors watch the electronic board at a stock exchange hall in Huaibei, China.

    The rally in the Shanghai Composite Index paused near 2,290 before falling down and retesting the 2,250 support level and then developed a good rebound rally towards resistance near 2,340. The retreat in the Shanghai index was a consolidation within the environment of a rising trend. It was not a trend correction and it was not a change of trend direction.

  • Former Thai Prime Minister Refutes Murder Charge Monday, 21 Jan 2013 | 11:13 PM ET
    Leader of Thailand's Democrat Party Abhisit Vejjajiva, left, speaks as Chart Thai Party's leader and former Prime Minister Banharn Silpa-archa, right, looks on during a joint news conference at a restaurant in Bangkok, Thailand Wednesday, April 26, 2006. Abhisit said the three main Thai opposition parties which included the Mahachon party would provide full cooperation to a decision to be made by courts to end political impasse by joining the next election. Thailand's top judges will meet Thursd

    Former Thai Prime Minister Abhisit Vejjajiva, who is facing charges over civilian causalities during a military crackdown on anti-government protesters in 2010, said the allegations are "politically motivated," adding he will fight to defend his innocence.

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