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Asia-Pacific News

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  • Australian Prime Minister Julia Gillard

    Australian Prime Minister Julia Gillard stunned voters on Wednesday by calling an election for September 14, eight months away, in her first major political speech for 2013.

  • The long-awaited rate cut comes as a relief for the nation's consumers, who have been hoping for cheaper financing in their next property or car purchase.

  • Australia's Port Hedland, which handles about a fifth of the world's seaborne-traded iron ore, will reopen on Wednesday after being spared the brunt of a cyclone that has also shut other major ports in Western Australia.

  • Chinese banks have rolled over at least three-quarters of all loans to local governments that were due to mature by the end of 2012, an indication of the immense challenge facing China in working down its debt load. The Financial Times reports.

  • Australian consumer price inflation was unexpectedly benign last quarter thanks to falls in food, electronics and drugs, suggesting there was still plenty of scope for further rate cuts even if there was no urgency for a move as early as next month.

  • Jaguar Land Rover, a subsidiary of India's Tata Motors, announced Tuesday it will manufacture Jaguar brand cars in India. The Global Post reports.

  • BHP Billiton, the world's biggest mining company, boosted its iron ore output by 3 percent in the December quarter, as it races to supply more of the raw material to Chinese steelmakers despite signs of a softening market.

  • 'Glorious Mission' is an online combat game designed to impart 'the core values' of the military to Chinese players. The Global Post reports.

  • The U.N. Security Council on Tuesday unanimously condemned North Korea's December rocket launch and expanded existing U.N. sanctions, eliciting a vow from Pyongyang to boost the North's military and nuclear capabilities.

  • Four of the five state-owned banks have reduced their expectation for this year's profit growth, as banking reform continues and regulators keep a firm grip on credit supplies. CaiXin Online reports.

  • Leader of Thailand's Democrat Party Abhisit Vejjajiva, left, speaks as Chart Thai Party's leader and former Prime Minister Banharn Silpa-archa, right, looks on during a joint news conference at a restaurant in Bangkok, Thailand Wednesday, April 26, 2006. Abhisit said the three main Thai opposition parties which included the Mahachon party would provide full cooperation to a decision to be made by courts to end political impasse by joining the next election. Thailand's top judges will meet Thursd

    Former Thai Prime Minister Abhisit Vejjajiva, who is facing charges over civilian causalities during a military crackdown on anti-government protesters in 2010, said the allegations are "politically motivated," adding he will fight to defend his innocence.

  • Yield-chasing investors, whose hunger for income powered a long rally in Asian junk-rated bonds, are finally feeling the first symptoms of indigestion after a year-long binge.

  • Asia's financial capital Hong Kong retained its top spot as the world's most expensive city to rent a high-end apartment as robust demand on the island, a popular destination for employees looking to relocate overseas, and constrained supply, kept prices elevated.

  • Hong Kong residents Chris Lane and his wife, Karen are planning to have a second child – but find themselves hampered by the city's housing policy.

  • Xi Jinping

    In China, the possibility of political reform and nationalization of the military under the new generation of leaders seems remote. Over the weekend, Beijing-based journalist Gao Yu published an analysis of a leaked speech given by President Xi Jinping during his southern tour last month that appears to throw cold water on hopes for reform. The Global Post reports.

  • The world's top economic policymakers are likely to discuss how Japan's new monetary and fiscal policy drive is weakening the yen when they meet next month, but will stop well short of calling it a competitive devaluation, G20 officials said.

  • Bank probes find manipulation in Singapore's offshore FX market - source Internal reviews by banks in Singapore have found evidence that traders colluded to manipulate rates in the offshore foreign exchange market, according to a source with knowledge of the inquiries.

  • For all the doomsayers predicting an end to its mining boom, Australia is pumping out more metal, coal and gas thanks to a investment bonanza that will peak this year, boosting exports needed to extend a jaw-dropping 21-year run of economic growth.

  • Japan's Prime Minister Shinzo Abe

    Japanese Prime Minister Shinzo Abe, vowing to overcome what he called an economic crisis facing the nation, urged the Bank of Japan (BOJ) on Monday to hit its inflation target as soon as possible, keeping up pressure on the central bank to make good its promise of bolder action to overcome deflation.

  • Samsung Galaxy S III smartphone

    Apple iconic iPhone is losing some of its luster among Asia's well-heeled consumers in Singapore and Hong Kong, a victim of changing mobile habits and its own runaway success.

Editor's Picks

Asia Video

  • Ivan Szpakowski, Metal Analyst, Credit Suisse Commodities Research talks about the shift in copper demand and supply in China.

  • John Vail, Chief Global Strategist, Investment Strategy Group, Nikko Asset Management says although there are divergent readings between China's official readings and the HSBC PMI, both are above 50 which indicates modest acceleration in growth.

  • Ron Sim, CEO, OSIM International tells CNBC's Cash Flow why his company has done so well and how he intends to expand into China.