Asia-Pacific News


  • Alibaba Group Picks Jonathan Lu as Next CEO Monday, 11 Mar 2013 | 8:51 AM ET
    Alibaba.com's headquarters in Hangzhou, China

    Alibaba Group has chosen Jonathan Lu, its Chief Data Officer who has more than a decade of experience in executive roles, to lead China's largest e-commerce company as it prepares to launch an initial public offering.

  • No Information Lost in Hack Attack, Australia Says Monday, 11 Mar 2013 | 6:51 AM ET

    Australia's central bank said it had been targeted by cyberattacks and that no data had been lost or systems compromised.

  • China's Dream of US-Style Shale Gas Boom in Trouble Monday, 11 Mar 2013 | 5:00 AM ET

    China's plans to unlock what could be the world's biggest shale gas reserves risk running further off track after 16 firms recently awarded exploration rights lacked one core skill - not one has drilled a gas well before.

  • Shiseido President to Resign, Shares Jump Monday, 11 Mar 2013 | 2:33 AM ET
    shiseido makeup counter-resized2.jpg

    The president of Shiseido will resign and be replaced by the company's chairman after a two-year stint that saw profits suffer, the Japanese cosmetics maker said on Monday.

  • BOJ Nominee Vows Action as Data Disappoint Monday, 11 Mar 2013 | 1:53 AM ET
    Haruhiko Kuroda

    The Japan government's choice to lead the country's central bank promised on Monday to move quickly to implement fresh monetary stimulus to lift the struggling economy.

  • 'Good News' Driving Dollar Bull Run, at Last Monday, 11 Mar 2013 | 1:43 AM ET

    Strong U.S. jobs data have given the dollar a leg up in the forex market, suggesting that an improving outlook for the world's largest economy is taking over as the main driving force for dollar gains.

  • China's New Leaders’ Embarrassment of Riches Monday, 11 Mar 2013 | 12:53 AM ET
    Chinese soldiers marching in front of the Forbidden City in Beijing, China.

    Compared to the challenges faced by China's old guard, the new team's problems can best be described as an embarrassment of riches. Here is why.

  • China Policymakers on Alert as Inflation Creeps Up Monday, 11 Mar 2013 | 12:13 AM ET

    After a year of benign inflation, consumer prices are ticking up in China amid an uneven economic recovery.

  • The Most Innovative City in Asia Is... Sunday, 10 Mar 2013 | 11:54 PM ET

    Singapore is the most innovative city in the Asia Pacific region, according to a study by consultancy Solidiance.

  • Australia Central Bank Targeted by Hackers Sunday, 10 Mar 2013 | 11:31 PM ET

    Australia's central bank has been targeted by sophisticated hackers seeking sensitive information which included Group of 20 negotiations, but a bank spokesperson said nothing was stolen.

  • Central Banks Pause, but 'Currency War' Not Over Sunday, 10 Mar 2013 | 10:43 PM ET

    Last week five of the Group of 10 central banks that held policy meetings may have stayed on hold, but they gave hints that they were just taking a breather in the so-called "currency war."

  • North Korea Cuts Off Hotline With South Korea Sunday, 10 Mar 2013 | 10:26 PM ET
    North Korean soldiers.

    North Korea has cut off a Red Cross hotline with South Korea as it escalates its war of words against Seoul and Washington in response to a military drill in the South and U.N. sanctions.

  • China Inflation Seen at Around 3% This Year Sunday, 10 Mar 2013 | 8:59 PM ET

    China's consumer price inflation is forecast to be around 3 percent in 2013, the price monitoring unit of the country's top economic planning agency said on Monday.

  • Japan January Core Machinery Orders Plunge Sunday, 10 Mar 2013 | 8:44 PM ET
    Nissan Plant, Japan

    Japan's core machinery orders plunged in January from the previous month, falling for the first time in four months and suggesting companies are cautious on capital spending.

  • Why China's Yuan Is No Longer a Big Worry for US Sunday, 10 Mar 2013 | 7:50 PM ET
    Will the Yuan’s Rally Placate the US?

    After years of grabbing the spotlight in U.S.-China economic relations, U.S. concerns over the value of Beijing's currency appear to be fading, giving ground to newer issues like cyber-security.

  • Protests in Japan Two Years After Fukushima Sunday, 10 Mar 2013 | 7:36 PM ET

    Thousands of protesters marched in the Japanese capital on Sunday calling on the government to shun nuclear power, a day before the second anniversary of the world's worst atomic disaster in 25 years.

  • Is China's Role as 'World's Factory' Ending?   Sunday, 10 Mar 2013 | 6:42 PM ET
    Is China's Role as 'World's Factory' Ending?

    In China, with wages rising rapidly and shifts towards moving up the factory food chain, CNBC's Eunice Yoon takes a look at one garment factory's efforts to stay competitive.

  • China Shuts Railway Ministry in Restructuring Sunday, 10 Mar 2013 | 4:03 AM ET
    Time to Get Bullish on China?

    China unveiled a government restructuring plan on Sunday, cutting cabinet-level entities by two and dissolving its powerful Railways Ministry, as the country's new leaders look to boost efficiency and combat corruption.

  • China's Latest Data Show Uneven Economic Recovery Saturday, 9 Mar 2013 | 5:49 AM ET

    China's uneven economic recovery signals a looming dilemma for policymakers as data released at the weekend showed inflation at a 10-month high while factory output and consumer spending were weaker than forecast.

  • Take a Stroll Through China's Ghost Cities Friday, 8 Mar 2013 | 1:35 PM ET
    Residential apartment buildings stand in the new district of Kangbashi in Ordos, Inner Mongolia, China.

    They look like any other city, but with one difference: No people. And in many cases, they feature miles and miles of empty apartments and office buildings. The following photos are graphic signs of China's property bubble.

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