Asia-Pacific News


  • Singapore December Exports Fall, GDP Likely Revised Down Wednesday, 16 Jan 2013 | 8:30 PM ET

    Singapore's non-oil domestic exports fell more than expected in December, showing manufacturing remains in the doldrums and suggesting GDP for the fourth quarter of last year could be revised downwards.

  • What Happens in Japan Stays in Japan? Wednesday, 16 Jan 2013 | 7:28 PM ET
    Japan's Prime Minister Shinzo Abe

    The Pimco executive lays out five key issues to be addressed for Japan to get out of its funk.

  • Japan's Renesas to Cut Additional 3,000 Jobs Wednesday, 16 Jan 2013 | 7:16 PM ET

    Japanese chipmaker Renesas Electronics said on Thursday it plans to cut an additional 3,000 to 4,000 jobs in September as it slims down management and its design operations.

  • Beijing's Toxic Smog Was Years in the Making Wednesday, 16 Jan 2013 | 6:34 PM ET
    Cyclists and bikers stop at a traffic light, as buildings are faintly seen, rear, shrouded in a haze of smog in Beijing. (AP Photo/Shuji Kajiyama)

    Chinese leaders dazzled the world by clearing the skies as if by edict before the Beijing Summer Olympics in 2008. Fast forward to January 2013, and the government seems powerless against those same skies, tarnished by an opaque, toxic cloud that has smothered the city for nearly a week.

  • South Korea's Risky Bet to Avert Mortgage Mountain Wednesday, 16 Jan 2013 | 6:19 PM ET

    Eager to dig homeowners out from under a $374 billion mortgage mountain, South Korea is moving to let its banks start selling securities similar to those at the center of the 2007 U.S. housing crisis.

  • Indians Join the Debate Over Taxing the Rich Wednesday, 16 Jan 2013 | 4:07 PM ET
    C. Rangarajan Chairman of the Indian Prime Minister's Economic Advisory Council (PMEAC).

    The long-favorable tax policies for the wealthy are rapidly falling one by one. Now it may be India's turn.

  • Japan Airlines, ANA Ground Boeing Dreamliners Wednesday, 16 Jan 2013 | 4:03 PM ET
    A Boeing Co. 787 Dreamliner for All Nippon Airways Co.

    Japan's two leading airlines grounded their fleets of Boeing 787s on Wednesday after one of the Dreamliner passenger jets made an emergency landing, the latest in a series of incidents to heighten safety concerns over a plane many see as the future of commercial aviation.

  • Chevron to Drill in South China Sea Despite Dry Holes Wednesday, 16 Jan 2013 | 3:37 PM ET
    In this photo released by China's Xinhua News Agency, CNOOC 981, the first deep-water drilling rig developed in China, is pictured at 320 kilometers (200 miles) southeast of Hong Kong in the South China Sea Monday, May 7, 2012. The China National Offshore Oil Corp's sixth-generation semi-submersible rig operates at a water depth of 1,500 meters (yards), Xinhua said. (AP Photo/Xinhua, Jin Liangkuai) NO SALES

    Chevron has signed production-sharing contracts with CNOOC for two exploration blocks in the South China Sea even after drilling three dry holes there last year.

  • The China Beige Book Has Some 'Shocking' Data Wednesday, 16 Jan 2013 | 3:44 AM ET
    Shanghai street scene

    China's growth is expected to have re-accelerated to near 8 percent in the fourth quarter of last year, but there are some troubling inconsistencies in the economy, according to the China Beige Book released on Wednesday.

  • Japan: The Test Case for Boeing’s Dreamliner Woes? Wednesday, 16 Jan 2013 | 2:28 AM ET
    A Boeing Co. 787 Dreamliner airplane for All Nippon Airways

    Japan will be a test case for how customers of aircraft manufacturer Boeing respond to safety concerns surrounding the Dreamliner 787, the pride of Boeing's passenger jet fleet, airline industry watchers.

  • Why Home Prices in Singapore, Hong Kong Won't Tank Wednesday, 16 Jan 2013 | 2:23 AM ET
    Singapore skyline

    Singapore and Hong Kong now have identical 15 percent levies to slow the foreign money that has added fuel to their overheated property markets - measures that will help first-time buyers but throw the spotlight on investors' next targets.

  • Germany Wants Its Gold Back—Should You Worry? Tuesday, 15 Jan 2013 | 11:10 PM ET

    The world's second-biggest holder of gold reserves, Germany, is planning to bring home some of its gold held in New York and Paris - a move that would mark a breakdown of trust between the world's major central banks, analysts said.

  • In New Delhi, Women Marry Up and Men Are Left Behind Tuesday, 15 Jan 2013 | 11:06 PM ET

    There's an unexpected problem in New Delhi's high-end marriage market - there are too few "quality" men, as a growing pool of young women with unprecedented levels of education are seeking and making matches with educated men from higher socioeconomic groups. The New York Times reports.

  • Singapore Watchdog Sets Sunday Deadline for F&N Bids Tuesday, 15 Jan 2013 | 10:35 PM ET
    Range of Fraser & Neave Ltd. (F&N) products

    A battle between a Thai billionaire and an Indonesian tycoon for control of Singaporean soft drinks-to-property group Fraser and Neave is a step nearer ending after a Sunday deadline was set for raised bids.

  • What India's IT Earnings Say About the West Tuesday, 15 Jan 2013 | 10:24 PM ET

    India's top two exporters of software services surprised the markets this week with strong 2012 fourth quarter earnings, pointing to a recovery in demand from their key markets, the U.S. and Europe.

  • Japan November Core Machinery Orders Rise 3.9% Tuesday, 15 Jan 2013 | 8:14 PM ET

    Japan's core machinery orders rose for a second straight month in November in a sign that companies may gradually increase capital spending, but uncertainty over the global economy could continue to pressure the Bank of Japan to ease policy.

  • World Bank Slashes Global Growth Forecasts for 2013 Tuesday, 15 Jan 2013 | 7:13 PM ET
    World Bank building in Washington, DC.

    A frustratingly slow economic recovery in developed nations is holding back the global economy, the World Bank said on Tuesday, as it sharply cut its outlook for world growth in 2013.

  • Peter Ma

    When a high-profile, billion dollar deal for a stake in a Chinese insurer was inked in early December, officials at the country's biggest policy bank were asking one question seemly unrelated to the transaction: Who is Xiao Jianhua? Caixin reports.

  • India's passion for gold is putting such a strain on state finances that the government may slap higher import taxes on the precious metal, but demand buoyed by heady inflation and meager savings will blunt the impact of any rise in duties.

  • Japan's Abe Turns to Southeast Asia to Counter China Tuesday, 15 Jan 2013 | 6:05 PM ET
    Shinzo Abe, incoming Prime Minister of Japan.

    The last time he was prime minister of Japan, Shinzo Abe's inaugural foreign trip was to China. In the job again 7 years later and relations with Beijing now chilly, Abe is turning first this time to the rising economic stars of Southeast Asia.

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