Asia-Pacific News


  • S.Korea Central Bank Holds Rates, Cut Seen in Early 2013 Wednesday, 12 Dec 2012 | 8:59 PM ET

    South Korea's central bank kept interest rates on hold for a second consecutive month, as it feels out the effects from two rate cuts this year as well as latest policy easing from the U.S. Federal Reserve.

  • Hong Kong Stock Exchange

    The city's market watchdog proposes that banks preparing companies for listing on Hong Kong's stock exchange will be made explicitly liable for IPO prospectuses, although they will also have more powers to ensure that their clients play by the rules.

  • MUFG to Pay $8.6 Million in US Sanctions Case Wednesday, 12 Dec 2012 | 7:04 PM ET

    Japan's Mitsubishi UFJ Financial Group said it will pay $8.6 million as a settlement for transactions that could be seen as violations of U.S. sanctions.

  • Investors In for Bumpy Ride Aboard the 'Abe Trade' Wednesday, 12 Dec 2012 | 7:00 PM ET
    Shinzo Abe, incoming Prime Minister of Japan.

    Printing money and going on a spending spree would usually sow alarm in a heavily indebted economy, but investors in Japan are betting that opposition leader Shinzo Abe will tone down his strategy if he wins power in Sunday's national election.

  • Why Is India Launching a Probe Into Wal-Mart? Wednesday, 12 Dec 2012 | 6:41 PM ET
    Wal-Mart signage is seen in the parking lot of the store in Mexico City, Mexico.

    India's government has announced an inquiry into the lobbying practices of Wal-Mart after a report that the giant retailer had pressed U.S. lawmakers to help gain access to foreign markets.

  • Coal Miner Bumi Moves Towards Bakrie Divorce Wednesday, 12 Dec 2012 | 6:24 PM ET

    Indonesia-focused miner Bumi moved closer to divorcing the Bakrie family that co-founded it, announcing the departure of its Bakrie-supported chief executive and plans to sell its stake in unit Bumi Resources soon.

  • Australia's GrainCorp Rejects ADM Offer Wednesday, 12 Dec 2012 | 6:17 PM ET

    GrainCorp rejected on Thursday a sweetened $2.9 billion bid from U.S. agribusiness giant Archer Daniels Midland.

  • Here Are the Top Trending Stocks Searched on Google Wednesday, 12 Dec 2012 | 3:52 PM ET

    What stock did people in the U.S. Google the most in 2012? To no surprise whatsoever, it was Facebook.

  • Fed to Keep Easing, Sets Target for Rates Wednesday, 12 Dec 2012 | 2:44 PM ET

    The Federal Reserve met market expectations Wednesday with another round of easing, this time with a pledge to keep interest rates low until unemployment falls below 6.5 percent and inflation tops 2.5 percent.

  • Stuff These Luxuries in Your Stockings Wednesday, 12 Dec 2012 | 2:41 PM ET

    Many presents fit comfortably in a stocking convey indulgence and extravagance. CNBC.com presents 10 luxury gifts whose small sizes are offset by large price tags.

  • Yen Has More Room to Slide: Pro Wednesday, 12 Dec 2012 | 1:15 PM ET

    Land of the rising sun? Not so much, says this pro. He expects yen weakness to continue for some time.

  • Are Today’s Graduates Unemployable? Wednesday, 12 Dec 2012 | 9:30 AM ET

    Employers are struggling to fill entry-level vacancies, Diana Farrell, Diana Farrell, Director and Co-founder at the McKinsey Center for Government told CNBC

  • OPEC Agrees to Keep 30 Million Bpd Oil Target: Delegates Wednesday, 12 Dec 2012 | 7:39 AM ET

    OPEC agreed on Wednesday to hold its oil production limit unchanged at 30 million barrels a day, delegates at the meeting said. Ministers of the Organization of the Petroleum Exporting Countries continued in closed session to debate who should be the group's next secretary general. They were divided over candidacies from Saudi Arabia and Iraq.

  • North Korea Launches Rocket in Defiance of Critics Wednesday, 12 Dec 2012 | 4:10 AM ET
    A man watches a TV screen broadcasting news on North Korea's rocket launch, at a railway station in Seoul on December 12, 2012.

    North Korea successfully launched a rocket on Wednesday, boosting the credentials of its new leader and stepping up the threat the isolated and impoverished state poses to its opponents.

  • Oil Market Going Through 'Violent' Structural Change: IEA Wednesday, 12 Dec 2012 | 3:35 AM ET
    Workers change pipes

    The oil market may appear calm but the International Energy Agency (IEA) has warned that recent data show the market is actually undergoing violent structural changes.

  • India Industrial Output Jumps 8.2%, Beats Forecast Wednesday, 12 Dec 2012 | 1:36 AM ET

    A big surge in manufacturing output pushed India's industrial growth to its highest in more than a year in October.

  • IMF Warns of Correction in Hong Kong Property Wednesday, 12 Dec 2012 | 12:55 AM ET

    The sharp run-up in Hong Kong house prices raises the risk of an abrupt correction and the government should take further steps if necessary to contain risks arising from the property market, the International Monetary Fund (IMF) said on Wednesday.

  • And the Best Place to Work in 2013 Is...? Wednesday, 12 Dec 2012 | 12:00 AM ET

    Where are employees most satisfied in their jobs? Beer tasters at Sam Adams? Photographers at Playboy? Shoppers for Saks? Mickey at Disneyland? No, Facebook.

  • HSBC Became Bank to Drug Cartels, Pays Big for Lapses Tuesday, 11 Dec 2012 | 11:15 PM ET

    Mexican authorities told the CEO of HSBC's Mexico unit that a local drug lord referred to the bank as the "place to launder money," U.S. prosecutors said, as they announced a record $1.92 billion settlement with the British bank.

  • A measure of Australian consumer confidence pulled back in December as households fretted on the outlook for the economy and finances.

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