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Asia-Pacific News


  • South Korea Pulls Off Decent Growth—Now What? Thursday, 25 Apr 2013 | 2:15 AM ET

    South Korea grew at its fastest pace in two years in the first quarter of 2013, but economists warn the positive headline figure hides worrying aspects of Asia's fourth largest economy.

  • China's Warren Buffett: I'm Just His 'Apprentice' Thursday, 25 Apr 2013 | 1:52 AM ET
    Guo Guangchang, chairman of Fosun International

    The chairman of China's largest privately-owned conglomerate Fosun Group, also known as the "Warren Buffett of China," says it's more accurate to call him Buffett's "apprentice".

  • People rescue garment workers trapped under rubble at the Rana Plaza building after it collapsed, Bangladesh, India.

    The death toll from a building collapse in Bangladesh has risen to 160 and could climb higher, police said on Thursday, with people trapped under the rubble of a complex that housed garment factories supplying retailers in Europe and North America.

  • Strong Won Cuts Into Hyundai Motors' Bottomline Thursday, 25 Apr 2013 | 1:26 AM ET
    The Hyundai logo is displayed in front of Petaluma Hyundai in Petaluma, California.

    South Korea's Hyundai Motors posted a 15 percent fall in its quarterly net profit as it was hamstrung by production stoppages and unfavorable currency moves.

  • South Korea Grows at Fastest Pace in 2 Years Wednesday, 24 Apr 2013 | 11:52 PM ET
    Downtown Seoul

    Gross domestic product grew a seasonally adjusted 0.9 percent from the previous quarter, far above analysts' forecasts and denting expectations for an interest rate cut by the central bank.

  • After 'Shock and Awe,' What Next From the BOJ? Wednesday, 24 Apr 2013 | 11:29 PM ET
    Haruhiko Kuroda, governor of the Bank of Japan

    The Bank of Japan meets on Friday for the first time after it made a radical shift in policy earlier this month and markets are now watching for central bank governor Harukiko Kuroda's next move.

  • Why Are Japanese Still Dumping Foreign Bonds? Wednesday, 24 Apr 2013 | 11:08 PM ET

    There are great expectations that Japanese companies flooded with liquidity will pour some of it into foreign bond markets, but latest capital flow data published on Thursday tell a different story.

  • Olam Will Unveil Strategy to Appease Investors Wednesday, 24 Apr 2013 | 10:13 PM ET
    Olam CEO Says Takeover Is 'Technically Possible'

    Olam International, under pressure to retreat from a debt-fueled acquisition spree, will unveil a strategy review on Thursday that many investors hope will target less growth and more cash.

  • Why I Have Taken a Bet on Myanmar Wednesday, 24 Apr 2013 | 10:08 PM ET

    The newest market to open in Southeast Asia is Myanmar and this author talks about the challenges he overcame to give the country's image a makeover

  • Seoul Warns North Korea of 'Grave Measure' Wednesday, 24 Apr 2013 | 9:53 PM ET
    South Korean cars arrive from the Kaesong joint industrial complex in North Korea

    South Korea is warning of a "grave measure" if North Korea rejects a call for talks on a jointly run factory park that has been shut down for nearly a month.

  • Japan Investors Keep Repatriating Foreign Assets Wednesday, 24 Apr 2013 | 8:47 PM ET
    Junk or Jewels? The Lowdown on High-Yield Bonds

    Japanese investors sold 862.6 billion yen ($8.7 billion) worth of foreign bonds last week, as they took advantage of the weak yen to repatriate overseas investments.

  • Bird Flu Curbs China Soybean Demand, Hits Poultry Wednesday, 24 Apr 2013 | 8:34 PM ET

    A dropoff in Chinese demand for soybeans used to feed poultry and livestock could last for months, as consumers lose their appetite for poultry in response to the bird flu virus outbreak.

  • ‘I’d Buy Chinese Stocks’: Dennis Gartman Wednesday, 24 Apr 2013 | 5:55 PM ET
    'I'd Buy Chinese Stocks': Dennis Gartman

    The risk-on trade is back, and one way to play it is Chinese stocks, Dennis Gartman says.

  • China Is Heading for Credit Bubble Trouble: Chanos Wednesday, 24 Apr 2013 | 12:36 PM ET
    Chanos: Avoid Chinese Property Bubble

    The rampant growth of credit in China appears to be forming a bubble, Jim Chanos of Kynikos Associates says.

  • This Is What Tomorrow's Smartphones Will Look Like Wednesday, 24 Apr 2013 | 11:56 AM ET
    Samsung Galaxy S4 smartphone

    As the smartphone revolution continues to accelerate, Broadcom's CEO Scott McGregor sees some major trends forming in the market.

  • Branson Wants You to 'Get Lucky' at 35,000 Feet Wednesday, 24 Apr 2013 | 11:50 AM ET

    Want to send a cocktail to that attractive passenger across the aisle? Virgin America has the answer with a new seat-to-seat drink or meal delivery feature.

  • Bangladesh Factory Building Collapse Kills Over 100 Wednesday, 24 Apr 2013 | 10:46 AM ET
    People rescue garment workers trapped under rubble at the Rana Plaza building after it collapsed, Bangladesh, India.

    The number of people killed by the collapse of a building in Bangladesh's capital rose to 147 overnight and the death toll could climb further because many people are still trapped inside, Dhaka's district police chief told Reuters on Thursday.

  • By Making Cars Harder to Own, Singapore Cools Inflation Wednesday, 24 Apr 2013 | 3:52 AM ET

    The high cost of living in the wealthy island state of Singapore may be a major bone of contention among its residents, but moves by the government to cool the auto market is having an impact on rising consumer prices.

  • Australia Central Bank Eyes Chinese Bonds Wednesday, 24 Apr 2013 | 3:01 AM ET

    Australia's central bank plans to invest some of its foreign currency reserves in Chinese government bonds for the first time, part of a wider move to strengthen ties with the country.

  • Why Hype Over Dollar-Yen at 100 Is Overdone Wednesday, 24 Apr 2013 | 2:42 AM ET

    The significance of move in the dollar to 100 yen should not be overdone, some analysts say.

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