Asia-Pacific News


  • Japan Close to Selecting New Central Bank Chief Thursday, 14 Feb 2013 | 11:21 PM ET
    Bank of Japan headquarters in Tokyo, Japan

    Japanese Prime Minister Shinzo Abe is close to selecting his nominee for governor of the Bank of Japan and a decision could come in the next few days.

  • Come on G-20, Cut Japan Some Slack Thursday, 14 Feb 2013 | 10:15 PM ET

    Japan's economic policies, which have driven down the yen's value and given local exporters a powerful boost, are expected to be in the firing line at a meeting of G-20 finance ministers.

  • What's in Warren Buffett's Fridge?  Thursday, 14 Feb 2013 | 9:10 PM ET
    Warren Buffett

    Just take a look at his portfolio to find out. CNBC's Chloe Cho and Deirdre Wang-Morris discuss the wizard of Omaha's food-related stocks in light of his recent purchase of ketchup maker Heinz.

  • Prasarn Trairatvorakul, governor of the Bank of Thailand

    Thailand's central bank chief played down a rift with the government over whether interest rates should be cut to stem a rise in the baht, saying rates were not the main factor.

  • OCBC Posts 12% Jump in Profit, Beating Forecasts Thursday, 14 Feb 2013 | 8:06 PM ET

    Oversea-Chinese Banking Corp, Singapore's second-biggest lender, posted a 12 percent jump in fourth quarter net profit due to a rise in fee income and a quadrupling of gains from its insurance unit.

  • Currency Wars Come to Moscow as G-20 Meets Thursday, 14 Feb 2013 | 7:29 PM ET

    'Currency wars' will come to Moscow on Friday as finance officials from the Group of 20 nations spar over Japan's expansive policies that have driven down the value of the yen.

  • ANZ Q1 Profit Up 6.2% on Strong Global Markets Thursday, 14 Feb 2013 | 6:29 PM ET

    Australia and New Zealand Banking Corp, the country's fourth-largest bank, posted a 6.2 percent rise in first quarter earnings on Friday, boosted by strong global markets and Australian retail banking.

  • Why You Should Buy Rio Tinto at $64 a Share  Thursday, 14 Feb 2013 | 5:45 PM ET

    Jonathan Barratt, Founder, Barratt's Bulletin discusses if Rio Tinto's cost-cuts are achievable. He explains why $64 and below is a good buying point for Rio's stock.

  • Attention Parents! Finally, a Kid-Friendly Airline  Thursday, 14 Feb 2013 | 5:40 PM ET

    Parents may find themselves wishing they could check-in their toddlers when it comes to travel. CNBC's Sri Jegarajah explores the child-friendly concept airline by design firm RKS that promises a hassle-free journey.

  • Rio Tinto Posts Annual Loss; New CEO Vows to Cut Costs Thursday, 14 Feb 2013 | 6:45 AM ET

    Rio Tinto's new chief flagged he would slash costs, spend capital more carefully and focus on shareholder value after the world's no.3 miner reported a $3 billion loss, its first ever full-year loss.

  • Soros Fund Bets Against Yen, Makes $1 Billion: Report Thursday, 14 Feb 2013 | 5:49 AM ET

    U.S. hedge fund investor George Soros has gained about $1 billion betting against the yen, the Wall Street Journal reported, citing people with knowledge of the firm's position.

  • India's headline inflation rate moderated to its lowest level in more than three years in January, helped by a slower rise in fuel and manufactured goods prices.

  • Is Asia's IPO Market Getting Its Mojo Back? Thursday, 14 Feb 2013 | 2:20 AM ET

    Shares in Japan Prologis REIT, a real estate investment trust set up by the world's largest owner of industrial buildings, soared more than 20 percent in their Tokyo market debut on Thursday. The strong start for the $1 billion initial public offering (IPO) is a sign that Asia's IPO market is getting its buzz back, analysts say.

  • Soccer Fixing Probe Hinges on a Shadowy Singaporean Thursday, 14 Feb 2013 | 1:43 AM ET

    Italy's top three leagues and 680 matches worldwide are considered suspicious by European law enforcement. Investigators believe a man from Singapore named Tan Seet Eng is a common link in many of them. The New York Times reports.

  • Why You Should Look Past Japan's GDP Miss Thursday, 14 Feb 2013 | 1:42 AM ET

    Japan's economy contracted again in the final three months of last year, highlighting that the world's third biggest economy remains in recession. Still, analysts argue it's the outlook that investors should pay attention to.

  • Central Banks Bought Most Gold in Nearly 50 Years Thursday, 14 Feb 2013 | 1:00 AM ET

    Central banks scooped up more gold in 2012 than they have annually in nearly half a century as they sought to diversify reserves, the World Gold Council (WGC) said on Thursday.

  • SingTel CEO Warns of More Jobs Cuts at Optus Unit Thursday, 14 Feb 2013 | 12:15 AM ET

    Singapore Telecommunications (SingTel) isn't ruling out additional job cuts at its Australian operation Optus in an effort to drive down costs after slashing headcount by almost 10 percent over the last nine months.

  • BOJ Keeps Policy Steady, Ups Economic Outlook Wednesday, 13 Feb 2013 | 10:48 PM ET
    Bank of Japan headquarters in Tokyo, Japan

    The Bank of Japan kept monetary policy steady and raised its assessment of the economy on Thursday, as the yen's recent declines offered some relief to the export-reliant economy.

  • While world leaders reacted with shock and anger to Tuesday's nuclear test, Pyongyang's third and most powerful to date, the top item searched on South Korean Internet portals was a monthly cosmetics sale by local brand Innisfree.

  • As Rupiah Declines, Indonesia Moves to Prevent Panic Wednesday, 13 Feb 2013 | 9:07 PM ET

    Indonesia's central bank is gradually closing trading loopholes used by global investors in an attempt to exert more control over its weakening currency and prevent a desirable depreciation of the rupiah from turning into a panicky tailspin.

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