Asia-Pacific News


  • Among Asia's Hedge Funds, Smaller Was Better Last Year Monday, 21 Jan 2013 | 12:07 AM ET

    For those investing into Asia's hedge funds last year, smaller was better. The region's largest hedge funds - those managing more than $500 million - delivered weaker returns on average than nimbler, small to medium-sized funds, according to fund research and people with knowledge of the individual funds.

  • Myanmar is on the cusp of a mobile revolution. Only it's happening way too slowly for many locals.

  • China's Huawei Says Unaudited 2012 Profit Climbs 33% Sunday, 20 Jan 2013 | 11:40 PM ET

    Huawei Technologies, the world's No.2 telecom equipment maker and the sixth largest mobile phone vendor, posted a 33 percent rise in net profit in 2012, reversing a fall in 2011 thanks to new telecom projects and smartphone sales.

  • Japan to Investigate Boeing 787 Battery Maker Sunday, 20 Jan 2013 | 11:16 PM ET
    GS Yuasa Corp.'s logo is displayed outside the company's office in Tokyo, Japan.

    Japan's transport ministry is to investigate the company that makes batteries for Boeing's grounded 787 Dreamliner passenger jet. The probe will be run jointly with the U.S. Federal Aviation Administration (FAA), a ministry official said on Monday.

  • ZTE's HK Shares Rise Despite Profit Warning Sunday, 20 Jan 2013 | 11:14 PM ET

    The Hong Kong-listed shares of ZTE Corp fell 5 percent early on Monday after China's second-largest telecom equipment maker issued a profit warning for 2012, but the stock quickly erased losses as investors bet on a strong outlook for 2013.

  • Asian Tycoons in Final Showdown Over Fraser & Neave Sunday, 20 Jan 2013 | 10:12 PM ET
    A range of F&N's soft drinks

    Thailand's third-richest man has raised his stake and takeover offer for Fraser and Neave to fend off a bid by a group led by Indonesian tycoon Stephen Riady as the battle for the Singapore property and drinks group draws towards a close.

  • China's Metrosexual Men Revive Luxury Shopping Sunday, 20 Jan 2013 | 8:11 PM ET

    Let's hear it for the boys. China's fashion-forward men are snapping up Gucci and Burberry bags, driving a rebound in the luxury market months after a slow down in spending by the world's biggest luxury goods buyers spooked global investors.

  • The Communist Party’s new leaders are being confronted by challenges from a constituency that has generally been the party’s most ardent supporter: the middle class and well-off. The New York Times reports.

  • Caterpillar Writes Off Most of China Deal After Fraud Saturday, 19 Jan 2013 | 4:29 AM ET

    Caterpillar uncovered "deliberate, multi-year, coordinated accounting misconduct" at a subsidiary of a Chinese company it acquired last summer, leading it to write off most of the value of the deal and wipe out half a quarter's profits.

  • Toyota Settles Acceleration Lawsuit in Crash Deaths Friday, 18 Jan 2013 | 9:26 AM ET
    A Toyota Motor Corp. Camry sedan sits on the lot of Brent Brown Toyota in Orem, Utah, U.S. on Thursday, May 7, 2009.

    Toyota Motor has settled a wrongful death lawsuit that was to go to court next month and serve as a test case for hundreds of others involving sudden acceleration.

  • China's Growth Speeds Up, but for How Long? Friday, 18 Jan 2013 | 1:15 AM ET

    While China's gross domestic product (GDP) growth accelerated by a faster-than-expected 7.9 percent in the fourth quarter, analysts are questioning the sustainability of this uptick in economic activity.

  • Wipro Beats Profit Forecasts, Joining Infosys, Tata Thursday, 17 Jan 2013 | 11:29 PM ET

    India's No.3 software services provider Wipro posted an 18 percent gain in quarterly profit, joining bigger rivals Tata Consultancy Services and Infosys in reporting better-than-expected earnings.

  • Yuan as a World Currency? Getting There Fast Thursday, 17 Jan 2013 | 10:52 PM ET

    As Beijing eases control over its currency and opens up its financial markets to foreign investors, the yuan is gaining ground as a global currency and is headed for further gains.

  • Sony to Sell US Headquarters Building for $1.1 Billion Thursday, 17 Jan 2013 | 9:34 PM ET

    Sony said it has agreed to sell its U.S.headquarters building in New York City for $1.1 billion to a consortium led by real estate developer The Chetrit Group.

  • Which to Buy—Developed or Emerging Stocks? Thursday, 17 Jan 2013 | 9:20 PM ET

    Developed and emerging market equities were locked in a tight race in 2012, both generating double-digit returns of up to 15 percent, however, this year asset managers expect a clear winner.

  • China Snaps Seven Quarters of Economic Slowdown Thursday, 17 Jan 2013 | 9:03 PM ET

    China's economy grew 7.9 percent in the fourth quarter of last year from a year earlier, rebounding after seven straight quarters of slowdown, but an uncertain global outlook means Beijing may need to keep tweaking policy to support growth.

  • Bank of Japan headquarters seen from an opposite building in Tokyo, Japan.

    The Bank of Japan will next week mull scrapping its 0.1 percent floor on short-term interest rates and pledging to buy assets open-endedly until 2 percent inflation is foreseen, sources familiar with the central bank's thinking said.

  • China's Billionaire Heiress Can’t Find a Boyfriend Thursday, 17 Jan 2013 | 12:03 PM ET
    Zong Fuli, daughter of Chinese beverage magnate Zong Qinghou

    Zong Fuli, the daughter of beverage magnate Zong Qinghou, complains men simply want her for her money.

  • Busch: How to Trade China's Data Dump Thursday, 17 Jan 2013 | 10:46 AM ET

    We're expecting a slew of new Chinese economic data with analysts' expectations looking for mainly unchanged numbers but this contributor has some trade ideas.

  • State-run Indian oil marketing companies can now raise diesel prices in line with increases in global crude oil prices, Oil Minister Veerappa Moily said on Thursday, a move that could help the government reduce its vast subsidy bill.

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Asia Video

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