Asia-Pacific News


  • Asian Tycoons in Final Showdown Over Fraser & Neave Sunday, 20 Jan 2013 | 10:12 PM ET
    A range of F&N's soft drinks

    Thailand's third-richest man has raised his stake and takeover offer for Fraser and Neave to fend off a bid by a group led by Indonesian tycoon Stephen Riady as the battle for the Singapore property and drinks group draws towards a close.

  • China's Metrosexual Men Revive Luxury Shopping Sunday, 20 Jan 2013 | 8:11 PM ET

    Let's hear it for the boys. China's fashion-forward men are snapping up Gucci and Burberry bags, driving a rebound in the luxury market months after a slow down in spending by the world's biggest luxury goods buyers spooked global investors.

  • The Communist Party’s new leaders are being confronted by challenges from a constituency that has generally been the party’s most ardent supporter: the middle class and well-off. The New York Times reports.

  • Caterpillar Writes Off Most of China Deal After Fraud Saturday, 19 Jan 2013 | 4:29 AM ET

    Caterpillar uncovered "deliberate, multi-year, coordinated accounting misconduct" at a subsidiary of a Chinese company it acquired last summer, leading it to write off most of the value of the deal and wipe out half a quarter's profits.

  • Toyota Settles Acceleration Lawsuit in Crash Deaths Friday, 18 Jan 2013 | 9:26 AM ET
    A Toyota Motor Corp. Camry sedan sits on the lot of Brent Brown Toyota in Orem, Utah, U.S. on Thursday, May 7, 2009.

    Toyota Motor has settled a wrongful death lawsuit that was to go to court next month and serve as a test case for hundreds of others involving sudden acceleration.

  • China's Growth Speeds Up, but for How Long? Friday, 18 Jan 2013 | 1:15 AM ET

    While China's gross domestic product (GDP) growth accelerated by a faster-than-expected 7.9 percent in the fourth quarter, analysts are questioning the sustainability of this uptick in economic activity.

  • Wipro Beats Profit Forecasts, Joining Infosys, Tata Thursday, 17 Jan 2013 | 11:29 PM ET

    India's No.3 software services provider Wipro posted an 18 percent gain in quarterly profit, joining bigger rivals Tata Consultancy Services and Infosys in reporting better-than-expected earnings.

  • Yuan as a World Currency? Getting There Fast Thursday, 17 Jan 2013 | 10:52 PM ET

    As Beijing eases control over its currency and opens up its financial markets to foreign investors, the yuan is gaining ground as a global currency and is headed for further gains.

  • Sony to Sell US Headquarters Building for $1.1 Billion Thursday, 17 Jan 2013 | 9:34 PM ET

    Sony said it has agreed to sell its U.S.headquarters building in New York City for $1.1 billion to a consortium led by real estate developer The Chetrit Group.

  • Which to Buy—Developed or Emerging Stocks? Thursday, 17 Jan 2013 | 9:20 PM ET

    Developed and emerging market equities were locked in a tight race in 2012, both generating double-digit returns of up to 15 percent, however, this year asset managers expect a clear winner.

  • China Snaps Seven Quarters of Economic Slowdown Thursday, 17 Jan 2013 | 9:03 PM ET

    China's economy grew 7.9 percent in the fourth quarter of last year from a year earlier, rebounding after seven straight quarters of slowdown, but an uncertain global outlook means Beijing may need to keep tweaking policy to support growth.

  • Bank of Japan headquarters seen from an opposite building in Tokyo, Japan.

    The Bank of Japan will next week mull scrapping its 0.1 percent floor on short-term interest rates and pledging to buy assets open-endedly until 2 percent inflation is foreseen, sources familiar with the central bank's thinking said.

  • China's Billionaire Heiress Can’t Find a Boyfriend Thursday, 17 Jan 2013 | 12:03 PM ET
    Zong Fuli, daughter of Chinese beverage magnate Zong Qinghou

    Zong Fuli, the daughter of beverage magnate Zong Qinghou, complains men simply want her for her money.

  • Busch: How to Trade China's Data Dump Thursday, 17 Jan 2013 | 10:46 AM ET

    We're expecting a slew of new Chinese economic data with analysts' expectations looking for mainly unchanged numbers but this contributor has some trade ideas.

  • State-run Indian oil marketing companies can now raise diesel prices in line with increases in global crude oil prices, Oil Minister Veerappa Moily said on Thursday, a move that could help the government reduce its vast subsidy bill.

  • Rio Tinto CEO Resigns After $14 Billion Charge Thursday, 17 Jan 2013 | 2:55 AM ET

    Global miner Rio Tinto has announced the surprise resignation of its chief executive after taking a $14 billion charge in connection with Tom Albanese's two most significant acquisitions, Mozambican coal and aluminium.

  • Thai Authorities Sound Alarm Over Rise in the Baht Thursday, 17 Jan 2013 | 12:52 AM ET
    Wat Arun in Bangkok, Thailand.

    Thailand's finance minister said on Thursday that exporters could suffer if the baht was stronger than 30 per dollar, where it has traded in recent days, and the central bank said it was seeing signs of short-term speculative inflows.

  • Are Dreamliner Glitches Just 'Teething Issues?' Thursday, 17 Jan 2013 | 12:49 AM ET
    A Boeing Co. 787 Dreamliner airplane for All Nippon Airways

    As major airlines around the world start grounding Boeing's Dreamliner passenger jets amid safety concerns, analysts tell CNBC they are confident the U.S. aircraft manufacturer will fix the 787's "teething issues," which arise each time new technology is introduced.

  • Sony CEO Says Aims to Expand TV Sales From 2014 Thursday, 17 Jan 2013 | 12:26 AM ET

    Sony, which has spent several years shrinking its television unit, plans to expand sales from next year once the business has stopped losing money, chief executive Kazuo Hirai said on Thursday.

  • The Most ‘Dangerous’ Asset to Own Is... Thursday, 17 Jan 2013 | 12:18 AM ET

    Adding to a rising chorus of analysts warning of a potential bond market crash in 2013 is David Roche, president of Independent Strategy, who points to the most "dangerous" asset to own.

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