Asia-Pacific News


  • 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.

  • Move Over Amazon, Here Comes a China Juggernaut Tuesday, 11 Dec 2012 | 9:00 PM ET
    Student in front of an online Taobao shop.

    Millions of Chinese shoppers are turning to the web, fueling a booming $64 billion e-commerce market, as a local player gets set to overtake Amazon as the world's biggest online retailer by 2016.

  • Chinese Inventors Take Patent Crown From US: Report Tuesday, 11 Dec 2012 | 7:53 PM ET

    China has overtaken the United States to become the world's biggest processor of patent applications, giving an innovative edge to Beijing's economic and industrial clout.

  • Is South Korea Ready for 'Madam President'? Tuesday, 11 Dec 2012 | 7:40 PM ET
    Park Geun-hye

    If Park Geun-hye wins South Korea's presidential election this month, she will become the first woman to hold the country's top office, challenging stereotypes in a nation that is largely run by men in blue suits.

  • Bottles of Suntory Holdings whisky bottles displayed at the company's distillery.  Suntory Holdings is Japan's third-largest brewer.

    Japan's Suntory Holdings plans to raise up to $6 billion in an initial public offering of its food and non-alcoholic beverage unit.

  • Japan Machinery Orders Up, but Outlook Uncertain Tuesday, 11 Dec 2012 | 7:11 PM ET

    Japan's core machinery orders rose 2.6 percent in October from the previous month, up for the first time in three months, but uncertainty over the global outlook will likely continue to weigh on business investment and the broader economy.

  • BHP agreed to sell its stake in the Browse liquefied natural gas project to Chinese oil and gas producer PetroChina for $1.63 billion, the second partner to leave the project in recent months.

  • China's Future Growth? The Answer Is Megacities Tuesday, 11 Dec 2012 | 6:16 PM ET

    For China, the economic slowdown has led to a search for growth opportunities. The country's growth in the future depends on raising productivity. Urbanization, if structured efficiently, could help in that regard.

  • Japan's Construction Sector Set to Boom After Election Tuesday, 11 Dec 2012 | 4:29 PM ET

    Polls show the election is likely to return to power the long-dominant Liberal Democratic Party, which has promised to boost public works and talks of spending 200 trillion yen on projects over the next decade.

  • US to Lose #1 Economic Ranking to China by 2030: Study Tuesday, 11 Dec 2012 | 2:19 PM ET

    If China's GDP continues growing at its current pace, the republic will become the lead economic power within the next 20 years.

  • Why Australia Should Break Its 'Surplus' Promise Tuesday, 11 Dec 2012 | 12:00 PM ET

    Australia's economy may be one of the most resilient in the developed world, having expanded over 3 percent in the third quarter even as the mining boom loses steam, but analysts say the government's vow to return the budget to surplus may knock the wind out of its economy.

  • Yahoo Mail Upgrade: Is Simpler Better? Tuesday, 11 Dec 2012 | 10:22 AM ET
    Yahoo billboard in San Francisco, CA

    Yahoo Mail Just got a major upgrade.

  • Is This the World's Most Expensive Bottle of Whisky? Tuesday, 11 Dec 2012 | 9:33 AM ET
    Glenfiddich Janet Sheed Roberts Reserve

    An extremely rare bottle of Glenfiddich single malt scotch may fetch as much as $100,000.

  • Why is Wednesday's meeting in Vienna going to be a potentially moody affair? Is the apparent lack of downside risk in the oil price disguising longer term economic and political problems ahead? .

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