Asia-Pacific News


  • Britain's Cameron in India Amid Graft Scandal Monday, 18 Feb 2013 | 12:52 AM ET
    David Cameron

    British Prime Minister David Cameron arrives in India on Monday to try to win new investment in the face of fierce global competition.

  • Youth Turning Their Backs on 'Singapore Dream' Sunday, 17 Feb 2013 | 11:20 PM ET

    Ong Hui Juan spent nearly four years working in a bank, but decided to leave last year to pursue her passion of working with youth - an unusual and surprising decision in achievement-oriented Singapore.

  • India Central Bank Hawkish Despite Easing Inflation Sunday, 17 Feb 2013 | 10:56 PM ET
    Reserve Bank of India governor Duvvuri Subbarao

    Despite easing inflation and expectations of further interest rate cuts, India's central bank governor is striking a hawkish note, saying that the room for monetary easing is limited.

  • Former top financial bureaucrat Toshiro Muto is the leading candidate to become Japan's next central bank governor with Prime Minister Shinzo Abe to pick a nominee as early as this week.

  • Lagarde: Currency War? More Like Currency Worries Sunday, 17 Feb 2013 | 10:41 PM ET
    Christine Lagarde, managing director of the International Monetary Fund

    The head of the International Monetary Fund (IMF) Christine Lagarde strongly dismissed concerns over a so-called currency war on the sidelines of the Group of 20 nations (G-20) meeting of finance ministers and central bankers in Moscow.

  • Why G-20 Isn't a Sign That Yen Will Fall Further Sunday, 17 Feb 2013 | 10:32 PM ET

    Analysts warned against expecting a further drop in the yen even as it continued its slide against the dollar on Monday after global finance ministers at the weekend avoided directly criticizing Japan for pursuing policies that have led to significant weakness in its currency.

  • Thailand Posts Strong Growth on Consumption Sunday, 17 Feb 2013 | 10:30 PM ET

    Thailand's economy grew by 3.6 percent in the final quarter of 2012 from the previous three months and by 6.4 percent in 2012 as a whole.

  • 3,000 Strong: Singapore Stages Rare Protest  Sunday, 17 Feb 2013 | 8:45 PM ET

    In a rare show of protest, Singaporeans staged a rally to reject new government population policies.

  • India Braces for Most Austere Budget in Years Sunday, 17 Feb 2013 | 7:21 PM ET
    india Finance Minister P Chidambaram

    India's finance minister plans to cut the public spending target for fiscal 2013/14 by up to 10 percent from this year's original target, in what would be the most austere budget in recent history.

  • China Tests Cashless Casino—Macau, Watch Out Sunday, 17 Feb 2013 | 6:37 PM ET

    Owned by art, film and real estate mogul Zhang Baoquan, Tree Resort World on Sanya Bay bar marks the Chinese government's first tacit approval of a gaming concept outside of Macau.

  • Did the G-20 Just Signal Further Global Easing? Sunday, 17 Feb 2013 | 3:55 PM ET
    International Monetary Fund (IMF) Managing Director Christine Lagarde (C) attends a meeting of G20 states finance ministers.

    By letting Japan off the hook and urging action to address the weak global economy, G-20 policymakers may have signaled that further easing could lie ahead.

  • Japan Finance Minister Relieved G-20 Heat Is Off Sunday, 17 Feb 2013 | 3:34 AM ET
    Japan's Finance Minister Taro Aso

    Japan's Finance Minister Taro Aso has told CNBC he's satisfied that the Group of 20 (G-20) nations "understood" that his country was not trying to artificially manipulate its currency.

  • Australian Treasurer  Wayne Swan

    Australian Treasurer Wayne Swan dismissed talk of a 'currency war' in an interview with CNBC, but concedes that a strong Australian dollar is a concern for an economy that's heavily reliant on mining exports.

  • Oil Rally Could Fade If Fed Hints at Policy Pause Sunday, 17 Feb 2013 | 12:22 AM ET

    Oil's recent rally to multi-month highs may continue to fade this week if minutes from the U.S. central bank's January meeting - due Tuesday - suggest policymakers favor winding down stimulus earlier than expected.

  • North Korea Tells China: More Nuclear Tests Coming Saturday, 16 Feb 2013 | 4:44 AM ET

    North Korea has told its key ally, China, that it is prepared to stage one or even two more nuclear tests this year in an effort to force the U.S. into diplomatic talks, said a source with direct knowledge of the message.

  • Will the PlayStation 4 Give Sony the Boost It Needs? Saturday, 16 Feb 2013 | 1:16 AM ET
    Marc Cerny, lead architect of PlaySation 4, introduces the BioShock4, the new controller for Sony's PlayStation 4 at a news conference February 20, 2013 in New York.

    The launch of PlayStation 4 this week is more than the start of a new cycle for Sony, it's an essential step in rebuilding the firm as a corporation.

  • 'Microcars': Tiny, Collectible Marvels of Design Friday, 15 Feb 2013 | 4:03 PM ET

    An auction by collector Bruce Weiner has brought renewed attention to "microcars," a popular automobile genre valued as much for their cute looks and ingenious designs as for their parsimony.

  • Brent Crude at $80? It Could Happen by Year-End Friday, 15 Feb 2013 | 1:47 AM ET

    The price of Brent Crude oil is set to fall 30 percent to $80 per barrel by the end of the year, according to Robert Levitt, CEO and founder of U.S. wealth manager Levitt Capital Management.

  • This Is How We'll Drive Our China Business: OCBC CEO Friday, 15 Feb 2013 | 1:38 AM ET

    The CEO of OCBC, which posted a record profit on Friday, said the bank would focus on growing its offshore activities in Greater China as more Chinese firms look to expand overseas.

  • Expect a Far More Dovish India Central Bank Friday, 15 Feb 2013 | 1:26 AM ET
    Indian Rupee banknotes

    The Reserve Bank of India (RBI) stood on the sidelines for much of 2012 as worries over runaway inflation trumped growth concerns. Now as price pressures abate, the central bank is expected to step up monetary easing significantly to revive flagging growth in Asia's third largest economy.

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