Asia-Pacific News


  • Why Home Prices in Singapore, Hong Kong Won't Tank Wednesday, 16 Jan 2013 | 2:23 AM ET
    Singapore skyline

    Singapore and Hong Kong now have identical 15 percent levies to slow the foreign money that has added fuel to their overheated property markets - measures that will help first-time buyers but throw the spotlight on investors' next targets.

  • Germany Wants Its Gold Back—Should You Worry? Tuesday, 15 Jan 2013 | 11:10 PM ET

    The world's second-biggest holder of gold reserves, Germany, is planning to bring home some of its gold held in New York and Paris - a move that would mark a breakdown of trust between the world's major central banks, analysts said.

  • In New Delhi, Women Marry Up and Men Are Left Behind Tuesday, 15 Jan 2013 | 11:06 PM ET

    There's an unexpected problem in New Delhi's high-end marriage market - there are too few "quality" men, as a growing pool of young women with unprecedented levels of education are seeking and making matches with educated men from higher socioeconomic groups. The New York Times reports.

  • Singapore Watchdog Sets Sunday Deadline for F&N Bids Tuesday, 15 Jan 2013 | 10:35 PM ET
    Range of Fraser & Neave Ltd. (F&N) products

    A battle between a Thai billionaire and an Indonesian tycoon for control of Singaporean soft drinks-to-property group Fraser and Neave is a step nearer ending after a Sunday deadline was set for raised bids.

  • What India's IT Earnings Say About the West Tuesday, 15 Jan 2013 | 10:24 PM ET

    India's top two exporters of software services surprised the markets this week with strong 2012 fourth quarter earnings, pointing to a recovery in demand from their key markets, the U.S. and Europe.

  • Japan November Core Machinery Orders Rise 3.9% Tuesday, 15 Jan 2013 | 8:14 PM ET

    Japan's core machinery orders rose for a second straight month in November in a sign that companies may gradually increase capital spending, but uncertainty over the global economy could continue to pressure the Bank of Japan to ease policy.

  • World Bank Slashes Global Growth Forecasts for 2013 Tuesday, 15 Jan 2013 | 7:13 PM ET
    World Bank building in Washington, DC.

    A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013.

  • Peter Ma

    When a high-profile, billion dollar deal for a stake in a Chinese insurer was inked in early December, officials at the country's biggest policy bank were asking one question seemly unrelated to the transaction: Who is Xiao Jianhua? Caixin reports.

  • India's passion for gold is putting such a strain on state finances that the government may slap higher import taxes on the precious metal, but demand buoyed by heady inflation and meager savings will blunt the impact of any rise in duties.

  • Japan's Abe Turns to Southeast Asia to Counter China Tuesday, 15 Jan 2013 | 6:05 PM ET
    Shinzo Abe, incoming Prime Minister of Japan.

    The last time he was prime minister of Japan, Shinzo Abe's inaugural foreign trip was to China. In the job again 7 years later and relations with Beijing now chilly, Abe is turning first this time to the rising economic stars of Southeast Asia.

  • Hottest Cars from the Detroit Auto Show Tuesday, 15 Jan 2013 | 4:46 PM ET
    The Detroit Auto Show

    With 800,000 visitors expected, companies will gauge whether their newest offerings satisfy consumer demands.

  • Jack Ma to Stand Down as Alibaba CEO, Take Back Seat Tuesday, 15 Jan 2013 | 4:30 AM ET

    One of China's best known corporate leaders, Jack Ma, will step down as CEO of Alibaba Group, the e-commerce firm he founded in 1999 to tap the nation's enormous online shopping potential, saying younger people are better placed to run the company.

  • Chinese Company Places Huge Order for Airbus Jets Tuesday, 15 Jan 2013 | 4:11 AM ET

    BOC Aviation, the aircraft leasing arm of Bank of China, has placed its largest ever order to buy 50 A320 family jets from Airbus at a list price of $5 billion.

  • India's TCS Shares Surge on 'Picture Perfect' Earnings Tuesday, 15 Jan 2013 | 3:03 AM ET

    India's largest software services exporter Tata Consultancy Services gained the most in more than eight months in Mumbai trading after posting better-than-expected earnings and prompting a raft of analyst upgrades.

  • A Chinese government crackdown on lavish spending by officials has pushed expensive liquor and high-end watches out of favor in the luxury gift-giving market, a survey from the Hurun Report, known for its annual China Rich List, showed on Tuesday.

  • Japan Says Confidence in Dreamliner at Stake Tuesday, 15 Jan 2013 | 2:08 AM ET

    Japan's transport minister acknowledged that passenger confidence in Boeing's new 787 Dreamliner jet is at stake,as both Japan and the United States have opened broad and open-ended investigations into the plane after a series of incidents that have raised safety concerns.

  • This Could Be the Biggest Risk for Markets in 2013 Tuesday, 15 Jan 2013 | 2:07 AM ET

    Political instability in emerging markets, led by China, will be one of the biggest risks for markets in 2013, Ian Bremmer, president of political risk firm Eurasia Group, said on Monday.

  • Biggest Risk to Asia? Not What You Think Tuesday, 15 Jan 2013 | 2:00 AM ET

    As Asian economies shift into recovery mode, inflation appears to be low on the priority list of central bankers, but HSBC's Asia economist warns against such complacency, as he expects a resurgence in price pressures this year, fueled by wage growth.

  • China Foreign Inflows Post First Fall in Three Years Tuesday, 15 Jan 2013 | 12:52 AM ET

    China's foreign direct investment inflows fell last year for the first time since the global financial crisis, slipping 4 percent as a troubled world economy curbed investor enthusiasm for deals in emerging markets.

  • Yen Rebounds After Minister Warns of Excessive Weakness Tuesday, 15 Jan 2013 | 12:33 AM ET

    The yen rebounded from a 2-1/2-year low on Tuesday after Japanese Economics Minister Akira Amari's remarks that excessive yen weakness could have a negative impact on the country sparked profit-taking in heavy bets against the Japanese currency.

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