Asia-Pacific News


  • Australia's Central Bank Chief Gets New Term Wednesday, 3 Apr 2013 | 12:19 AM ET

    Australia's highly-regarded central bank governor, Glenn Stevens, will remain in his position for a further three years after his current seven-year term expires in September.

  • Malaysia's PM Calls Election, Close Race Likely Tuesday, 2 Apr 2013 | 11:46 PM ET
    Malaysian Prime Minister Najib Razak

    Malaysian Prime Minister Najib Razak announced he will dissolve parliament on Wednesday, paving the way for a long-anticipated general election late this month.

  • Apple's Apology Wins Respect of Chinese Media Tuesday, 2 Apr 2013 | 10:58 PM ET

    With its rare apology, Apple went from pariah to praiseworthy in the eyes of China's state-controlled media, a lesson for other foreign firms not to underestimate the power of the government press.

  • China Housing Curbs Kick In, So Why Are Stocks Up? Tuesday, 2 Apr 2013 | 10:45 PM ET

    Mainland shares of property developers continued their two-day rally sharply higher on Tuesday despite the announcement over the weekend that Beijing and Shanghai will enforce the property curbs announced in early March.

  • Construction Drives China March Services PMI Higher Tuesday, 2 Apr 2013 | 10:05 PM ET

    China's official purchasing managers' index (PMI) for the non-manufacturing sector rose to 55.6 in March from 54.5 in February, adding to signs of a modest uptick in China.

  • Australia Trade Deficit Shrinks to 14-Month Low Tuesday, 2 Apr 2013 | 9:54 PM ET

    Australia's trade deficit shrank by much more than expected in February to its smallest in 14 months thanks to higher prices for resource exports, a likely boost to profits and incomes that also gave the local dollar a lift.

  • How Do You Solve a Problem Like North Korea? Tuesday, 2 Apr 2013 | 9:12 PM ET
    People watch a television broadcast on North Korea.

    North Korean leader Kim Jong Un's brinksmanship is in full bloom. Foreign-policy analysts agree the situation is troubling, though there's a deep difference of opinion on what approach would convince Kim Jong Un to play nice. NBC News reports.

  • This Island Could Change Outcome of Malaysia's Vote Tuesday, 2 Apr 2013 | 8:17 PM ET
    Island of Pulau Mantanani in Malaysian Borneo

    The island of Borneo may be all that stands between Malaysian Prime Minister Najib Razak and an unprecedented election defeat within weeks for his ruling coalition party.

  • What Now for Western Drugmakers in India? Tuesday, 2 Apr 2013 | 7:53 PM ET

    Stung by a landmark patent defeat, Western drugmakers will be wary about launching new products in India, but they cannot afford to quit a country with a market potential as large as India's.

  • BOJ's Kuroda Faces Challenge in Swaying Board Tuesday, 2 Apr 2013 | 7:16 PM ET
    Haruhiko Kuroda

    The new Bank of Japan governoris struggling to build a consensus ahead of his first central bank board meeting this week, risking disappointing markets that expect a radical shift in its policymaking framework.

  • North Korea Raises Stakes in Nuclear Standoff Tuesday, 2 Apr 2013 | 8:11 AM ET

    North Korea said Tuesday it will escalate production of nuclear weapons material, including restarting a long-shuttered plutonium reactor, in what outsiders see as Pyongyang's latest attempt to extract U.S. concessions by raising fears of war.

  • India's Chidambaram Sees 8% Growth by 2015 Tuesday, 2 Apr 2013 | 4:12 AM ET
    Mumbai, India

    Annual growth of 8 percent may seem like a distant memory in India, whose economy has suffered a sharp deceleration over the past year, however, the country's finance minister believes Asia's third largest economy can return to such levels by 2015.

  • North Korean Leader Dials Down Hostile Rhetoric Tuesday, 2 Apr 2013 | 1:37 AM ET
    People watch a television broadcast on North Korea.

    North Korea's leader appeared to tamp down hostile rhetoric that had threatened impending war with the United States and South Korea in a key speech published on Tuesday.

  • Will Japan’s Central Bank Deliver or Disappoint? Tuesday, 2 Apr 2013 | 1:30 AM ET
    The Bank of Japan headquarters in Tokyo, Japan

    The Bank of Japan's two-day meeting which begins Wednesday will arguably be the most closely-watched in years given expectations for a radical monetary policy.

  • Investors Shrug Off Singapore Property Curbs Tuesday, 2 Apr 2013 | 1:28 AM ET
    Singapore, a scene of the street

    Despite multiple rounds of curbs by the Singapore government to cool the red-hot real estate sector, investors remain unfazed with some buyers purchasing multiple homes, believing that prices will still head higher.

  • How Closely Is Kuroda Emulating Bernanke? Tuesday, 2 Apr 2013 | 12:48 AM ET
    Bank of Japan's new governor Haruhiko Kuroda

    Expectations are running high as the Bank of Japan meets for the first time under its new head Haruhiko Kuroda on Wednesday, with investors hoping Kuroda will take a page out of U.S. Federal Reserve Chairman's book.

  • RBA Keeps Rates Steady as Outlook Brightens Monday, 1 Apr 2013 | 11:31 PM ET

    The Reserve Bank of Australia (RBA) kept interest rates on hold on Tuesday, in line with market expectations, saying that global downside risks appear to have eased and previous rate cuts are stimulating the economy.

  • Oil Bulls Shrug Off Poor Data Ahead of Payrolls Monday, 1 Apr 2013 | 11:26 PM ET
    Oil Refining’s Fortunes Rise

    Benchmark oil prices are likely to extend gains this week, shrugging off data showing weaker manufacturing activity in the world's two leading economies, but an underwhelming set of U.S. jobs numbers may undermine confidence.

  • US Deploys Warship Off South Korean Coast Monday, 1 Apr 2013 | 11:07 PM ET
    The guided-missile destroyer USS John S. McCain is deployed off the Korean coast.

    The United States has positioned a warship off the Korean coast as a shield against ballistic missile attack as South Korea's new president vowed swift retaliation against a North Korean strike.

  • Exercise rider Jonny Garcia takes Triple Crown hopefull I'll Have Another over the track in preparation for the 144th Belmont Stakes at Belmont Park on June 7, 2012 in Elmont, New York.

    Mining mogul Nathan Tinkler is selling Australia's largest thoroughbred racing and stud empire as he struggles to pay off debts.

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