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Asia-Pacific News

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  • As Secrecy Laws Loom, What Now for Singapore? Wednesday, 5 Jun 2013 | 9:10 PM ET

    Private banks in the Asian financial hub, Singapore, are the next target of tighter regulations after the crackdown in the U.S. and Europe on tax cheats.

  • Global Luxury Sales Growth Could Halve This Year Wednesday, 5 Jun 2013 | 5:35 PM ET

    Bain & Co. predicts that growth in luxury sales will be up to 50 percent slower this year than last. The main reason: Chinese are breaking away from their gift-giving culture and trying not to be ostentatious.

  • Cyberthreats Are the New Cold War, Expert Says Wednesday, 5 Jun 2013 | 4:39 PM ET
    President Barack Obama listens as Chinese President Xi Jinping answers a question following their bilateral meeting at the Annenberg Retreat at Sunnylands in Rancho Mirage, California, on June 7, 2013

    Cyberattacks will no doubt be a major topic when President Barack Obama meets Friday with China President Xi Jinping. Both sides call foul, and in a sense they are both right.

  • China's Strength Could Become Its Weakness Wednesday, 5 Jun 2013 | 9:42 AM ET

    Amid growing domestic tensions and internal imbalances, China's new leaders are working to wean its economy off decades of state investment.

  • 'Summer of Volatility' Heats Up as Nikkei Sinks Wednesday, 5 Jun 2013 | 3:40 AM ET

    The 1967 "summer of love" may have initiated a major political and cultural shift, but 2013 looks set to produce a sizeable change in investors' blood pressure.

  • Wine vs. Solar Panels: China Hits Back at EU Wednesday, 5 Jun 2013 | 3:29 AM ET

    China launched an anti-dumping and anti-subsidy probe in European wine on Wednesday in response to the European Union's decision to impose duties on imports of Chinese solar panels.

  • Consumers Not Sold on Abe's Promise of Change Wednesday, 5 Jun 2013 | 2:16 AM ET

    While the stock market and the yen might have given the initial thumbs up to Prime Minister Shinzo Abe's radical policies for change, consumers are still greeting it with skepticism.

  • Apple Clone in China Builds a Smartphone Empire Wednesday, 5 Jun 2013 | 2:09 AM ET
    Xiaomi CEO Lei Jun speaks during the 2013 Global Mobile Internet Conference (GMIC) at China National Convention Center in Beijing, China, in May.

    In a country where products like iPhones are made but rarely invented, Lei Jun - entrepreneur and billionaire - is positioning himself and his company as figurative heirs of Mr. Jobs. The New York Times reports.

  • Markets Vote Down Abe's Reform Plans Wednesday, 5 Jun 2013 | 2:09 AM ET

    Plans ranging from setting up special economic zones and raising incomes by 3 percent annually, weren't enough to excite equity investors.

  • Japan Fires 'Third Arrow,' but Will It Hit Bull's Eye? Wednesday, 5 Jun 2013 | 2:03 AM ET

    Prime Minister Shinzo Abe has unveiled a long-term plan to revive the economy and economists say execution is now key.

  • With Latest Ban, Has Samsung Cornered Apple? Wednesday, 5 Jun 2013 | 1:16 AM ET

    In an ongoing battle between the world's two leading tech giants, Samsung won a round against Apple when a U.S. trade agency ruled that the Silicon Valley bigwig had infringed on a patent owned by the Korean company.

  • UBS Warns of 'Abegeddon' Risk in Japan Wednesday, 5 Jun 2013 | 1:06 AM ET
    Cityscape, Shinjuku-ku Tokyo Japan

    Japan risks facing stagflation, or what UBS describes as an "Abegeddon" scenario, if the government fails to restore momentum in the world's third largest economy.

  • China Services Growth Modest, Stoking Concerns Tuesday, 4 Jun 2013 | 10:41 PM ET
    chinese worker.jpg

    Activity in China's services sector expanded modestly in May but the pace of growth was little changed from April, adding to worries about slowing momentum in the world's No.2 economy.

  • The Australian Dollar Just Can’t Catch a Break Tuesday, 4 Jun 2013 | 10:41 PM ET

    Just as the currency attempted to make a concerted rebound against the U.S. dollar this week, the prospect of further monetary easing in Australia has provided traders with another reason to dump the Aussie.

  • EU Gives China Two Months to Resolve Solar Row Tuesday, 4 Jun 2013 | 9:54 PM ET

    The European Union is to impose duties on imports of Chinese solar panels from Thursday, but announced a dramatically reduced initial rate after pressure from some large member states.

  • China's Deadly Factory Was Workplace 'Inspiration' Tuesday, 4 Jun 2013 | 9:25 PM ET
    Firefighters do rescue works after a fire at a poultry slaughterhouse in Dehui, Jilin Province of China.

    A local Communist Party official called it an "inspiring" factory three years ago. But now it is serves as a stark reminder of where at least 120 people died this week in a fast-moving fire. The New York Times reports.

  • Apple to Appeal Import Ban on Older iPhones, iPads Tuesday, 4 Jun 2013 | 5:08 PM ET

    Apple is "disappointed" with U.S. trade panel's ruling it infringed a Samsung patent.

  • Why the Emerging Market Bull Run Is Over Tuesday, 4 Jun 2013 | 8:13 AM ET

    The end of the emerging market bull run is upon us, Societe Generale boldly stated last week. Several other analysts have now turned bearish, forecasting worsening currency and bond outflows.

  • Lenovo Plans Smartphone Venture in Expansion Drive Tuesday, 4 Jun 2013 | 7:20 AM ET
    President of Lenovo shows the new Lenovo smartphone at the 2012 International Consumer Electronics Show

    China's Lenovo is in detailed discussions on a smartphone venture with NEC Corp, as it eyes partnerships and acquisitions to expand in high-growth markets.

  • Citi Bets Big on This Asian Market Laggard Tuesday, 4 Jun 2013 | 3:32 AM ET

    South Korean stocks have been one of the major laggards in Asia this year, while its peers like Japan's Nikkei have surged over 26 percent.

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Asia Video

  • European sharing economy can grow rapidly: ING

    Ian Bright, senior economist at ING, discusses the findings of ING's latest survey which revealed that the sharing economy is poised for rapid growth in Europe.

  • What a 'Yes' vote means for Greece

    Richard Champion, deputy CIO at Canaccord Genuity Wealth Management, says Greece will see further instability in the short to medium term if the "Yes" camp wins Sunday's referendum.

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    Manpreet Gill, senior investment strategist at Standard Chartered, says a "No" vote in Sunday's referendum will give Prime Minister Alexis Tsipras more bargaining power, but it doesn't necessarily means a "Grexit."