Asia-Pacific News


  • This Week's Winners and Losers  Thursday, 21 Feb 2013 | 7:45 PM ET

    CNBC's Asia Squawk Box takes a look back at what made headlines this week.

  • Aussie Central Bank More Upbeat, Boosts Markets Thursday, 21 Feb 2013 | 7:41 PM ET

    Australia's central bank governor said on Friday there is already a good deal of interest rate stimulus in the economy, but reiterated the bank could lower rates further if needed.

  • Bomb Blasts Rock Southern Indian City; at Least 11 Dead Thursday, 21 Feb 2013 | 7:13 PM ET

    Two bombs placed on bicycles exploded in a crowded market-place in the southern Indian city of Hyderabad.

  • Does Japan Really Need $100 Billion in Spending? Thursday, 21 Feb 2013 | 6:40 PM ET

    Prime Minister Shinzo Abe wants to spend more than $100 billion on infrastructure in the next 15 months to help revive his country's economy. But does the ultra-modern nation need it?

  • Japan's Leader Will Plug 'Abenomics' in Washington Thursday, 21 Feb 2013 | 6:20 PM ET
    Japanese Prime Minister Shinzo Abe

    Japanese Prime Minister Shinzo Abe will be seeking to put a strong U.S.-Japan alliance on full display in the face of potential threats in Asia when he meets U.S. President Barack Obama on Friday.

  • Marc Faber Warns: ‘Market Has Peaked Out’ Thursday, 21 Feb 2013 | 5:45 PM ET
    Marc Faber

    "I don't expect a crash. But I think for the time being, the market has peaked out" and "bonds, which are extremely oversold, could rebound," Faber said on CNBC.

  • Foxconn Freezes Hiring in China as Apple Cuts Orders Thursday, 21 Feb 2013 | 5:53 AM ET
    iPhone 5

    Foxconn has imposed a recruitment freeze across most of its factories in China as it slows production of Apple's iPhone 5.

  • Hottest Mobile Trends Thursday, 21 Feb 2013 | 4:43 AM ET

    The biggest mobile trade show in the calendar kicks off on February 25 in Barcelona, Spain. Industry watchers expect new products to be unveiled by a host of players including Google, Samsung, HTC and Sony at the Mobile World Congress.

  • China Shares Slump 3% on Tightening Fears Thursday, 21 Feb 2013 | 4:12 AM ET

    China markets resumed their decline, after a one-day recovery on Wednesday, dampened by fresh worries about monetary tightening and expansion of property sector curbs.

  • Should Bond Investors Brace for a 1994-Style Crash? Thursday, 21 Feb 2013 | 3:31 AM ET

    The recent run-up in sovereign bond yields combined with a recovery in global growth could lead to a crash in bond prices similar to the one seen in 1994, said AMP Capital in a report.

  • Did Sony Reveal Enough to Hype PlayStation 4? Thursday, 21 Feb 2013 | 3:05 AM ET
    Marc Cerny, lead architect of PlaySation 4, introduces the BioShock4, the new controller for Sony's PlayStation 4 at a news conference February 20, 2013 in New York.

    The unveiling of Sony's highly anticipated PlayStation 4 (PS4) – its first video game console in seven years – may be touted as a major step in turning around the struggling tech giant's fortunes, but one analyst said the firm didn't reveal enough.

  • Financier Rothschild Defeated in Bumi Showdown Thursday, 21 Feb 2013 | 2:45 AM ET
    Nathaniel Rothschild, founder of NR Investments and Samin Tan, chairman of Bumi PLC

    Financier Nat Rothschild, co-founder of coal miner Bumi, was defeated in his bid to oust the company's current chairman and chief executive on Thursday, losing a public showdown with Indonesia's influential Bakrie family.

  • It's Absurd Only China Gets Caught for Hacking: Expert Thursday, 21 Feb 2013 | 12:42 AM ET

    In the wake of the uproar over China's alleged hacking of U.S. corporations this week, the CEO of U.S.-based cyber security firm Taia Global argues it's unfair to pinpoint China as the only source of hacking.

  • Marriott Wants to Enter This 'Wonderful' Asian Market Thursday, 21 Feb 2013 | 12:27 AM ET

    Marriott International is in talks with possible business partners in Myanmar and may use the same investment model used in India.

  • The world's fifth-largest wind-turbine supplier, Suzlon Energy, expects India's budget next week to reinstate incentives aimed at encouraging businesses to invest in more wind power.

  • Currency War Defused? Doesn't Seem Like It Wednesday, 20 Feb 2013 | 10:17 PM ET

    Just a few days after global finance ministers' and central bank chiefs' meeting in Moscow dismissed talk of a currency war, it appears that a battle is brewing in Asia.

  • Protesters Set Cars on Fire in India Strike Wednesday, 20 Feb 2013 | 9:24 PM ET
    Activists of various left parties along with Samajwadi Party members jump over barricades as they try to get detained by police during a protest in New Delhi, India,Thursday, Sept. 20, 2012. Angry demonstrators disrupted trains Thursday and forced some shops and schools to close in a partly successful national strike protesting a government decision to cut fuel subsidies and open India's huge retail market to foreign companies. (AP Photo/Saurabh Das)

    Protesting workers destroyed vehicles and damaged factories near the Indian capital, New Delhi, on Wednesday at the beginning of a two-day strike.

  • Sony Takes Wraps Off Latest Playstation Wednesday, 20 Feb 2013 | 7:21 PM ET
    Sony video game designer Mark Cerny speaks as Sony takes wraps off  PlayStation 4 in New York.

    Sony took the wraps off its next-generation video game console called "PlayStation 4" on Wednesday that will allow users to stream and play video games hosted on servers. The New York Times reports.

  • China Central Bank Chief May Keep His Job Afterall Wednesday, 20 Feb 2013 | 7:20 PM ET
    Zhou Xiaochuan, governor of the People's Bank of China

    China's central bank governor, Zhou Xiaochuan, is set to keep his job next month despite reaching the mandatory retirement age of 65, in a bid by Beijing's new leaders.

  • Shorting the Yen? Here’s How It Could Go Wrong Wednesday, 20 Feb 2013 | 6:53 PM ET

    The yen may have tumbled 17 percent against the dollar since the start of November, making many currency speculators, including George Soros, rich. But that depreciation could vanish with one analyst telling CNBC that investors shouldn't get too carried away.

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