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Asia-Pacific News


  • G-20: Does the World Need Austerity? Saturday, 20 Apr 2013 | 2:22 AM ET

    Finance leaders of the G-20 economies on Friday edged away from a long-running drive toward government austerity in rich nations, rejecting the idea of setting hard targets for reducing national debt in a sign of worries over a sluggish global recovery.

  • How China's Rich Are Souping Up Rolls Royces Friday, 19 Apr 2013 | 1:01 AM ET

    From built-in fridges to partition walls, Rolls Royce owners in China are investing a sizable sum of cash to soup up the interiors of their ultra-luxury vehicles.

  • bok.jpg

    South Korea's 17.3 trillion won ($13.5 billion) stimulus package announced this week is essential to keeping Asia's fourth largest economy on track.

  • Earthquake Jolts Northern Japan, No Tsunami Warning Thursday, 18 Apr 2013 | 11:50 PM ET

    An earthquake with a preliminary magnitude of 7.0 struck islands off northern Japan on Friday but no tsunami warning was issued, the Japan Meteorological Agency said.

  • Any G-20 Criticism Unlikely to Derail Yen's Fall Thursday, 18 Apr 2013 | 11:22 PM ET

    Investors are watching the ongoing G20 meeting in Washington to see if Japan comes under fire for following policies that have led to a sharp devaluation of its currency. But analysts say the yen will continue to weaken, regardless.

  • Is a Big Change in China’s Currency Policy Imminent? Thursday, 18 Apr 2013 | 10:26 PM ET
    China Needs to Float Yuan to Avoid Global Recession: Swan

    A widening of the yuan's trading band could be imminent judging by the latest comments from China's central bank, but analysts add a caveat: change is unlikely to bring a significant strengthening of the currency.

  • Lenovo in Acquisition Talks Amid Report of IBM Deal Thursday, 18 Apr 2013 | 10:10 PM ET

    Lenovo Group said on Friday it was in preliminary talks about a potential acquisition, following a report that IBM was negotiating the sale of its server hardware business to the Chinese computer maker.

  • Cinderella Tale in Store For Hong Kong Disneyland?   Thursday, 18 Apr 2013 | 9:45 PM ET
    Cinderella Tale in Store For Hong Kong Disneyland?

    As the world's smallest Disneyland, the Hong Kong park is set to open a new attraction next month. Tom Staggs, chairman of Walt Disney Parks and Resorts tells CNBC how much of a boost that will bring.

  • Bold Policy Working? Japan Inc Mulls Raising Prices Thursday, 18 Apr 2013 | 9:09 PM ET
    Are the Days of a Strong Japanese Yen Numbered?

    The weakening yen is leading some Japanese companies to examine lifting prices, a possible sign that bold policy steps recently enacted are working to pull the world's third-largest economy out of deflation.

  • Young Shoppers Hold Key to China's Economic Shift Thursday, 18 Apr 2013 | 8:51 PM ET
    Shopping district in China.

    As Beijing tries to engineer a crucial macroeconomic shift, toward more consumption and less investment, it is young consumers who may hold the key to the transition.

  • Chinese Parts in Japanese Cars? It's Happening Thursday, 18 Apr 2013 | 7:53 PM ET
    Workers assemble sedans at the Dongfeng car factory in Wuhan, China.

    Facing tougher competition in what is now the world's biggest autos market, Nissan and its Japanese rivals Toyota Motors and Honda Motors are having to increase the locally made content in their cars.

  • Are You Cut Out for 'Superyacht' Lifestyle?   Thursday, 18 Apr 2013 | 7:45 PM ET

    As the Singapore Yacht Show kicks off, get a glimpse of life on board these million dollar vessels.

  • New Symbol of US Security Sails Into Asia   Thursday, 18 Apr 2013 | 6:45 PM ET
    New Symbol of US Security Sails Into Asia

    CNBC's Sri Jegarajah reports on the latest step of President Obama's 'Asia Pivot' strategy from the deck of the USS Freedom, a U.S warship on an eight-month deployment to Southeast Asia.

  • Yoshikami: What's Wrong with China Equities? Thursday, 18 Apr 2013 | 4:46 PM ET

    China reported GDP growth below many analysts expectations and the markets shuttered. What's happening with this once-strong growth engine for the global economy?

  • Don't Even Think About Selling Your Google Glasses Thursday, 18 Apr 2013 | 12:30 PM ET

    If you are one of the first owners of Google Glass don't even think about trying to sell the device.

  • At $14 Million, Diamond Is Investor's Best Friend Thursday, 18 Apr 2013 | 12:17 PM ET

    A nearly 75 carat diamond's sale at Sotheby's offers further evidence of the roaring bull market in hard assets.

  • 'Significant Growth' in Asia-Europe Trade: Maersk CEO Thursday, 18 Apr 2013 | 12:00 PM ET
    Limossol Port, Cyprus

    The routes are getting investment from shippers, said Maersk CEO Nils S. Andersen.

  • Gold Slump May Trigger Miner Takeover Spree Thursday, 18 Apr 2013 | 9:59 AM ET

    The collapse in bullion prices may rekindle gold mining takeovers as Chinese companies and other investors step in to rescue small and mid-sized miners.

  • By 2015, Producing in China Will Be as Costly as US Thursday, 18 Apr 2013 | 9:14 AM ET
    A worker at Prince Industries in Shanghai, China.

    A new study by consulting firm AlixPartners estimates by 2015, the cost of outsourcing manufacturing to China will be equal to the cost of manufacturing in the U.S.

  • Mark Mobius: Here's Why I Am Still Bullish on China Thursday, 18 Apr 2013 | 6:45 AM ET
    Mark Mobius, executive chairman of Templeton Asset Management's Emerging Markets Group

    Leading emerging markets investor Mark Mobius is still bullish on China, despite the country's disappointing economic growth in the first quarter.

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