Asia-Pacific News


  • Robert E. Diamond Jr., the former chief executive of Barclays, told a British parliamentary committee on Wednesday that the manipulation of global interest rate benchmarks involving 14 traders at the bank had made him “physically sick.” The NYT reports.

  • Asia Won't See Rerun of 2008     Wednesday, 4 Jul 2012 | 7:50 PM ET

    Frederic Neumann, MD & Co-Head of Asian Economics Research at HSBC says Asia will not see a re-run of the financial crisis in 2008. Johanna Chua, Chief Economist of Asia Pacific at Citi, agrees, adding that the region has not totally de-coupled from the West but it is more resilient now.

  • Inflation Pressures Remain in Indian Economy     Wednesday, 4 Jul 2012 | 4:20 AM ET

    "The [Indian] economy is on surer footing than it was a couple of months ago,"Taimur Baig, director and chief economist at Deutsche Bank AG told CNBC. But he added "the rupee cost of import is still pretty substantial" and that inflationary pressure on the Indian economy remained leaving the Reserve Bank of India with little room for manoeuvre on economic policy.

  • China Says No More Shark Fin Soup at State Banquets Wednesday, 4 Jul 2012 | 3:23 AM ET
    Shark finning: one of the world's most destructive fisheries. Shark fins are removed whilst the remainder of the carcass is discarded at sea, Baja California, Mexico.

    China said Tuesday that it would prohibit official banquets from serving shark fin soup, an expensive and popular delicacy blamed for a sharp decline in global shark populations. The NYT reports.

  • Weak Rupee Makes Foreign Trips Unaffordable for Indians Wednesday, 4 Jul 2012 | 12:33 AM ET

    A falling rupee, that has depreciated about 25 percent over the past one year, coupled with red hot inflation at home and skyrocketing airfares is making foreign travel unaffordable for many Indians.

  • Stephen Chang, Head of Asian Fixed Income at J.P. Morgan Asset Management explains why he thinks the current environment is good for fixed income. He also gives his top picks among Asian currencies.

  • China's Car Supply Outstrips Demand     Tuesday, 3 Jul 2012 | 7:40 PM ET

    Michael Dunne, President of Dunne & Company and author of "American Wheel, Chinese Roads" says car manufacturers are building more cars than what's needed in China.

  • June Auto Sales Deliver Summer Relief Tuesday, 3 Jul 2012 | 11:01 AM ET

    Despite concerns a sluggish U.S. economy could keep people away from showrooms, automakers are reporting stronger than expected June sales.

  • Momentum Builds in China, but Data May Cap Gains Tuesday, 3 Jul 2012 | 9:57 AM ET

    Positive momentum is building in the Chinese market, although upside may be capped by the upcoming release of earnings and economic data.

  • Barclays Executives Are Said to Know of Low Rates Tuesday, 3 Jul 2012 | 2:58 AM ET

    Robert E. Diamond Jr., the chief executive of Barclays, told employees on Monday that he was “disappointed and angry” about the bank’s past attempts to manipulate key interest rates to bolster its bottom line.

  • Barclays Chief Threatens to Hit Back Tuesday, 3 Jul 2012 | 12:42 AM ET
    Bob Diamond

    Bob Diamond is threatening to reveal potentially embarrassing details about Barclays’ dealings with regulators if he comes under fire at a parliamentary hearing on Wednesday over the Libor rate-setting scandal, according to people close to the bank’s chief executive. The FT reports.

  • The Chinese market may see more narrow range trading ahead of June economic data slated for release next week.

  • Helen Clark, Administrator, United Nations Development Programme and Former Prime minister of New Zealand said the transition towards a sustainable economy will also stimulate innovation, create new jobs, and boost GDP growth.

  • Patrick Phillips, CEO of the Urban Land Institute discusses the housing challenges arising in Asia in the face of increasing urbanization.

  • BMW and Toyota logos

    BMW, the world’s largest luxury automaker, is teaming up with Toyota, Japan’s largest automaker, to focus on the next generation of cars. More specifically they will be developing electric drivetrains, fuel cell technology and finding new ways to make lighter vehicles.

  • Bankers Fleeing Europe Crisis Head to Singapore Friday, 29 Jun 2012 | 6:20 AM ET

    Several global recruitment firms have told CNBC they’ve seen a significant increase recently in the number of European bankers wanting to relocate to Singapore.

  • Indonesian Stocks Could Jump 15% This Year: Citi Friday, 29 Jun 2012 | 6:05 AM ET
    Indonesia's Jakarta Composite Index

    The Indonesian stock market has been the worst performer in Southeast Asia this year, owing to recent declines, but Citigroup says it’s time to take advantage of the low valuations, forecasting over 15 percent upside for the country’s equities over the rest of 2012.

  • Jim Rogers

    Even as markets cheered the agreement by European leaders to allow the direct use of the bloc’s bailout funds to recapitalize struggling banks, well-known investor Jim Rogers told CNBC the move does nothing to help solve the region’s biggest problem, which is its high debt levels.

  • Day traders at a local brokerage in Hong Kong

    Sentiment is very fragile in the Chinese market after the seventh down day in a row, wiping out all of 2012’s gains.

  • Is It Time to Cash Out of Global Luxury Stocks? Thursday, 28 Jun 2012 | 6:14 AM ET
    A man walks past a billboard outside a shopping mall housing luxury brands in Shanghai.

    Global luxury stocks have surged in the first-half of the year, driven by investor optimism over company earnings, but  growing concerns over a further slowdown in global growth, particularly in the world's second-largest consumer of luxury products China, is putting into question whether the gains can be sustained. 

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