Asia-Pacific News


  • A man uses his mobile phone in front of electronic stock boards at the Australian Securities Exchange (ASX Ltd.) headquarters in Sydney, Australia.

    Shares in Australia's loss-making Ten Network sank 25 percent on Monday as they resumed trading after Ten's second cash call in under six months.

  • Japan Revised GDP Signals Economy in Recession Sunday, 9 Dec 2012 | 7:14 PM ET
    Tokyo, Japan

    Japan's economy contracted for a second straight quarter in July-September, revised government data showed on Monday, indicating that weak global demand nudged the export-reliant economy into a mild recession.

  • This Country Would Like to See Japan Rearmed Sunday, 9 Dec 2012 | 6:21 PM ET
    Container terminal in Tokyo, Japan.

    The Philippines would strongly support a rearmed Japan shorn of its pacifist constitution as a counterweight to the growing military assertiveness of China, according to the Philippine foreign minister.

  • Is China's Economy Now in a Sweet Spot? Sunday, 9 Dec 2012 | 2:52 AM ET

    Growth in China's factory output and retail sales hit an eight-month high in November as consumer inflation bounced off 33-month lows in the latest sign that its economy is snapping out of a protracted slump.

  • Toyota Set to Delay Launch of New China Line Sunday, 9 Dec 2012 | 1:27 AM ET

    Toyota Motor is set to delay the launch of a new production line at its plant in Tianjin, northern China, because a decline in its Chinese sales is likely to continue for the foreseeable future, Japan's Asahi newspaper reported on Sunday.

  • A123 Systems logo

    China's largest maker of auto parts won a politically sensitive auction for A123 Systems, a bankrupt maker of batteries for electric cars that was funded partly with U.S. government money, the investment banker for A123 said on Saturday.

  • Canada Approves China's Biggest Foreign Takeover Friday, 7 Dec 2012 | 11:18 PM ET
    The Cnooc Ltd. headquarters stand in Beijing, China

    Canada has approved China's biggest ever foreign takeover, the $15.1 billion bid from CNOOC for energy company Nexen, but has drawn a line in the sand against future buys by state-owned enterprises.

  • Apple and Samsung: What a Difference 3 Months Makes Friday, 7 Dec 2012 | 11:03 PM ET

    At the end of August, Apple seemed on top of the world. Fresh off a resounding $1.05 billion U.S. legal victory over arch-foe Samsung Electronics, the company was gearing up to launch its fifth iPhone. That was then.

  • Two Key Reasons Why Apple Is Getting Crushed Friday, 7 Dec 2012 | 3:37 PM ET

    While not quite the “Annus Horribilis” to which England’s Queen Elizabeth once referred, it has certainly been a week to forget for Apple.

  • Is This Chinese Smartphone Maker the New Apple? Friday, 7 Dec 2012 | 11:16 AM ET
    Xiaomi CEO Lei Jun

    You've probably never heard of this Chinese smartphone company, but it's making phones that are in high demand. Could it be the next Apple?

  • High-rise buildings at the river Minjiang, Fuzhou, Fujian province, China.

    New data shows that Beijing and Shanghai have more multi-millionaires than Los Angeles.

  • We may not go over the "fiscal cliff," but we may not get much. Maybe we will still get a Grand Bargain, but no one seems to be banking on it.

  • An attendant waits for customers, displaying apple iPods at a shopping mall in Jakarta, Indonesia.

    With a recent earnings miss and a sharp drop in its share price, technology giant Apple needs to look to emerging countries for growth and shift its focus away from saturated developed market, analysts told CNBC.

  • Quake Hits Off Japan Near Fukushima Disaster Zone Friday, 7 Dec 2012 | 6:48 AM ET
    Japan Meteorological Agency officer Makoto Saito shows a map of northern Japan and speaks about an earthquake at the agency in Tokyo on December 7, 2012.

    A strong quake centered off northeastern Japan shook buildings as far away as Tokyo on Friday and triggered a one-meter tsunami in an area devastated by last year's Fukushima disaster, but there were no reports of deaths or serious damage.

  • Why Next Year Will Be 'Easier' for India's Economy Friday, 7 Dec 2012 | 4:49 AM ET
    Crowd by harbor in Uttar Pradesh, India at dawn

    After a challenging year marked by slowing growth, speeding inflation, a major power blackout and the threat of a credit ratings downgrade to "junk," India can look forward to an "easier 2013," say economists at Deutsche Bank.

  • Hong Kong Stock Exchange

    Chinese state-owned insurer the PICC Group surged 7 percent on debut on Friday, the biggest initial public offering (IPO) in Hong Kong for two years, and analysts said the stock has further to climb.

  • Australia Trade Deficit Widest Since Early 2008 Friday, 7 Dec 2012 | 1:53 AM ET

    Australia's trade deficit yawned out to its widest in four-and-a-half years in October as imports rebounded while exports stayed flat.

  • Toyota Sees Japan Sales Dropping 20% in 2013 Friday, 7 Dec 2012 | 12:08 AM ET
    Toyota Venza

    Toyota expects Japan vehicle sales to fall by a fifth next year, in part due to the end of government tax incentives for fuel-efficient automobiles, media reported, adding to the pain from a decline in China sales.

  • Japan's dominant mobile carrier NTT Docomo said it lost 40,800 subscribers on a net basis in November, as users switched to Softbank and KDDI to grab an Apple iPhone 5 supplied in Japan.

  • Apple, Samsung Spar in Court, Ruling to Come Thursday, 6 Dec 2012 | 9:28 PM ET
    An Apple iPad 2 and iPhone 4S smartphone, left, and a Samsung Electronics Galaxy Tab 10.1 tablet computer and Galaxy S III smartphone.

    Apple and Samsung squared off in court again, as the iPhone maker prepares to convince a U.S. judge to ban sales of a number of Samsung devices.

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