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Asia-Pacific News


  • Can China Sustain Growth That's Driven by Steroids? Sunday, 14 Apr 2013 | 12:00 AM ET

    China is due to release its first quarter growth figures Monday and expectations are high that they will confirm recovery is on track for the world's most populous nation. But how sustainable is this stimulus-backed rebound?

  • US Warns Japan Not to Hold Down the Yen Friday, 12 Apr 2013 | 5:24 PM ET

    The Obama administration warned Japan not to take measures to devalue the yen to gain a competitive advantage.

  • Infosys Shares Dive 20% on Poor Revenue Forecast Friday, 12 Apr 2013 | 2:44 AM ET

    Infosys, India's No. 2 IT services exporter, forecast lower revenue growth than analysts had expected for this fiscal year, citing a challenging global economy.

  • Housing Bubble in New Zealand Unnerves Central Bank Friday, 12 Apr 2013 | 12:42 AM ET
    Christchurch, New Zealand

    A surging New Zealand housing market that has sent prices to record levels is jangling nerves at the central bank, prompting warnings of asset bubbles.

  • Woodside Shelves $40 Billion Australia LNG Project Thursday, 11 Apr 2013 | 11:45 PM ET
    Liquifaction Plant

    Woodside Petroleum has shelved plans for its $40 billion Browse liquefied natural gas project in Western Australia, saying it will consider a floating LNG plant instead.

  • Bird Flu Returns, but China's Better Prepared: CEO Thursday, 11 Apr 2013 | 2:11 PM ET
    Authorities in China confirmed infections caused by the H7N9 flu strain found in chicken and duck samples in eastern China.

    China is handling an outbreak of bird flu much better than in the past, Sanofi CEO Chris Viehbacher told CNBC on Thursday.

  • BOJ Bazooka to Boost a Corner of Bond Market: Pro Thursday, 11 Apr 2013 | 4:33 AM ET

    The U.S. mortgage backed securities market could be one of the key beneficiaries of the surprise move by the Bank of Japan last week to embark on an aggressive monetary policy program, according to Deutsche Bank.

  • Why Bank of Korea Is Right Not to Cut Rates Thursday, 11 Apr 2013 | 12:26 AM ET

    The decision by South Korea's central bank to keep rates on hold may have surprised markets on Thursday, but analysts told CNBC the Bank of Korea was doing the right thing by keeping rates steady for the sixth straight month.

  • Ample Credit Triggers Surge in China Bank Lending Wednesday, 10 Apr 2013 | 10:44 PM ET

    Chinese banks made $171 billion of new local currency loans in March, central bank data showed on Thursday, well above market expectations and adding to evidence of an economic recovery being fueled by ample credit.

  • Japan Machinery Orders Clock Fastest Rise in 2 Years Wednesday, 10 Apr 2013 | 9:28 PM ET

    Japan's machinery orders rose in February at the fastest pace since mid-2011 in a sign that capital expenditure could pick up this year as business confidence is boosted.

  • Kimono Sales Are Up, Thanks to 'Abenomics' Wednesday, 10 Apr 2013 | 7:45 PM ET

    There are signs that wealthier Japanese shoppers are spending more, thanks to 'Abenomics' which has lifted Japanese share markets by nearly 50 percent. Sales of high-end goods and clothes, including kimonos, are on the rise.

  • Yum's China Sales Fall Sharply Amid Bird-Flu Scare Wednesday, 10 Apr 2013 | 5:42 PM ET

    KFC parent Yum Brands reported sales fell 13% in March at restaurants in China amid a new bird-flu scare.

  • 'Absurd' Chinese Trade Data Confound Analysts Wednesday, 10 Apr 2013 | 4:09 AM ET

    China saw export growth of 10 percent year on year in March while exports to the U.S. and Europe, its two biggest markets, continued to slump, which is making analysts question the reliability of the data.

  • Beijing's Austerity Drive Not a Worry: Sands China CEO Wednesday, 10 Apr 2013 | 3:58 AM ET
    sands china.jpg

    Chinese President Xi Jinping's austerity drive hasn't put a dampener on business at Sands China, said Edward Tracy, president and CEO of Macau's largest operator of casinos and resorts.

  • Here's the Real Danger With North Korea Wednesday, 10 Apr 2013 | 1:30 AM ET
    A South Korean soldier stands at a military check point connecting South and North Korea at the Unification Bridge in Paju, South Korea.

    Repeated threats of aggression from North Korea have created little panic in markets, but some experts warn that a big risk could be Pyongyang not knowing it's crossed the line.

  • No Title_43419032

    High-rollers get lavish treatment and hefty credit lines at Singapore's two casinos, like any other gaming house in the world. But here, more of them skip town without paying their debt, a matter of increasing concern.

  • Consumer Mood in Australia Remains Brittle Tuesday, 9 Apr 2013 | 8:52 PM ET

    A measure of Australian consumer confidence fell in April to end three months of solid gains, a reminder of how brittle the mood can be.

  • Fitch Downgrades China's Currency Credit Rating Tuesday, 9 Apr 2013 | 7:29 PM ET
    China Needs to Float Yuan to Avoid Global Recession: Swan

    The global ratings agency cut China's long-term local currency credit rating to A-plus from AA-minus on Tuesday with a stable outlook, citing financial risks from rapid credit expansion alongside the rise of shadow banking activity.

  • China Makes Energy Push Into Mexico and Canada Tuesday, 9 Apr 2013 | 3:53 PM ET
    Oil storage tanks in Mexico.

    While China's interest in Canadian energy assets has been relatively well documented, at least in the Canadian press, Beijing is also courting Mexico, and receiving a warm welcome.

  • North Korea Warns Foreigners to Leave South Tuesday, 9 Apr 2013 | 7:04 AM ET
    South Korean marines man K-55 self-propelled howitzers at a military training field in the border city of Paju on April 3, 2013.

    North Korea on Tuesday warned foreigners to evacuate South Korea to avoid being dragged into a "merciless, sacred, retaliatory war."

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