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Asia-Pacific News


  • After Bangladesh, Top Brands Seek New Venues Wednesday, 15 May 2013 | 10:29 PM ET

    The search for new locations has taken on more urgency after the deadliest industrial accident in the global garment industry's history, a factory in Bangladesh that left 1,127 people dead. The New York Times reports.

  • Private Equity Cash In on Cheap India Infrastructure Wednesday, 15 May 2013 | 10:03 PM ET
    Construction in Mumbai, India.

    Private equity investment in Indian infrastructure is poised to pick up following a lengthy dry patch as debt-stressed operators come under pressure from banks to offload assets.

  • Singapore Airlines Hit by Cutbacks in Premium Class Wednesday, 15 May 2013 | 9:25 PM ET

    Singapore Airlines, caught between the rapid emergence of Gulf carriers and low cost Asian rivals, is attempting a big strategy overhaul to revive growth.

  • Here's One Sector Suffering From Abenomics Wednesday, 15 May 2013 | 9:09 PM ET
    Pedestrians walk past a Sumitomo Mitsui Banking Corp. branch in Tokyo, Japan

    Shinzo Abe's economic policies may be aimed at bolstering Japan's manufacturing groups, but the country's banks are suffering an Abenomics ordeal. The Financial Times reports.

  • Japan Takes Aim at Electricity Monopolies Wednesday, 15 May 2013 | 7:30 PM ET
    Tokyo, Japan

    Japan is embarking on its most ambitious attempt at electricity industry reform since 1951, with Prime Minister Abe well-positioned for victory in a battle to break up powerful monopolies

  • Brimming Oil Stockpiles to Keep Prices in Check Wednesday, 15 May 2013 | 7:02 PM ET

    Well-supplied global oil markets are expected to keep a firm lid on prices this week, though upside surprises may come from better-than-expected U.S. data and continued unrest in the Middle East.

  • Goldman Forecasts 13% Decline for This Commodity Wednesday, 15 May 2013 | 3:01 PM ET

    Goldman Sachs forecast a hefty 13 percent decline in agricultural commodity returns over the next year, with prices pushed down by bumper harvests in both the U.S. and Latin America.

  • Google Launches Music Service, Taking on Pandora Wednesday, 15 May 2013 | 1:10 PM ET
    Google Inc. introduced a subscription music-streaming service, one of several product updates to be unveiled at a developer meeting this week as the search provider seeks to attract more users and advertisers.

    The world's top search engine announced the music streaming service, which has built-in features to help users discover new music, at its annual developers conference in San Francisco.

  • Hedge Fund Billionaire Loeb: Sony Reminds Me of Yahoo Wednesday, 15 May 2013 | 12:05 PM ET
    Daniel Loeb, founder and chief executive officer of Third Point LLC

    Billionaire hedge fund manager Daniel Loeb said Sony reminds him of Yahoo before he waged a bitter proxy fight that triggered a boardroom shake-out at the Internet company.

  • Commodity Fears and China Trouble Fund Managers Wednesday, 15 May 2013 | 7:52 AM ET

    Even as stocks extend their mostly uninterrupted path higher, fund managers are holding big amounts of cash, worrying about China and a commodities crash.

  • The Heat May Be Off Asia’s Hottest Property Markets Wednesday, 15 May 2013 | 3:42 AM ET

    Property markets in Hong Kong and Singapore have turned red hot in recent times raising fears of a bubble. But research from real estate services firm Jones Lang LaSalle suggests some of this heat could be coming off.

  • EU Trade Talks on ‘Last Lap’: India Commerce Minister Wednesday, 15 May 2013 | 3:08 AM ET
    Anand Sharma, Indian Minister of Commerce and Industry

    The free trade talks between India and the EU, which started in 2007, were close to ending in a deal that would be the "biggest" free trade agreement that the EU would have entered into, India's Commerce Minister Anand Sharma told CNBC in Singapore.

  • China Still a Wallflower at the Global Market Party Wednesday, 15 May 2013 | 2:58 AM ET

    The boom in equity markets from Frankfurt to New York and Tokyo has yet to reach Shanghai, which continues to lag behind its global peers. Still, analysts reckon China stocks will soon play catch-up.

  • China Hard Landing Fears Return for Fund Managers Wednesday, 15 May 2013 | 2:04 AM ET

    More fund managers believe "a hard landing" for China is among the biggest tail risks facing markets, a survey shows.

  • HSBC Could Cut 14,000 More Jobs In War on Costs Wednesday, 15 May 2013 | 12:33 AM ET

    HSBC will redouble cost-cutting efforts, including axing up to 14,000 more jobs globally, as it seeks to drive earnings and dividend growth in the face of muted revenue.

  • Central Banks Are Repeating Greenspan’s Mistake Wednesday, 15 May 2013 | 12:00 AM ET
    Alan Greenspan

    Central banks around the world are repeating the mistakes of former Federal Reserve Chairman Alan Greenspan by flooding markets with cheap money, according to Brunel University's Moorad Choudhry.

  • HSBC: Why We Are Still Bullish on China Tuesday, 14 May 2013 | 11:44 PM ET

    Chinese economic data for April has largely underperformed market expectations prompting many economists to rethink their growth projections for the world's second largest economy.

  • Nikkei 'Bubbly,' Correction on the Way: Ex-Minister Tuesday, 14 May 2013 | 10:35 PM ET
    Eisuke Sakakibara,  professor at Waseda University and former vice minister of Japan

    Japanese equities have risen a "bit too fast" and appear to be somewhat "bubbly," according to the former vice finance minister of Japan, as the Nikkei crossed the key 15,000 on Wednesday.

  • Is Australia the Next Euro Zone? Maybe Tuesday, 14 May 2013 | 10:28 PM ET

    Australia's higher-than-expected budget has raised concerns that the country could follow the same path as the highly-indebted euro zone.

  • singtel-corp-logo-on-marble-building-sunlight.jpg

    Singapore Telecommunications posted on Wednesday a 33 percent fall in fourth quarter net profit, hurt by a one-time loss arising from the sale of its stake in Pakistan's Warid.

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