Asia-Pacific News


  • Business Confidence in Japan Is Deteriorating Thursday, 13 Dec 2012 | 8:23 PM ET

    Japanese business sentiment worsened for a second straight quarter in the three months to December and will barely improve early next year, as the global slowdown and a territorial row with China hit the export-reliant economy.

  • China's Economy to Grow 8% Next Year: Think Tank Thursday, 13 Dec 2012 | 8:10 PM ET
    Residential buildings in Shanghai, China.

    A state think tank has forecast China's GDP growth next year at 8 percent and projects the consumer price index to rise 3 percent, the official China Securities Journal reported on Friday.

  • 'For Sale' sign is seen outside a property in Sydney, Australia.

    Australand Property on Friday rejected an unsolicited offer from larger rival GPT Group to buy its most valuable assets, including the $2.4 billion investment property portfolio, saying it did not provide a sufficient premium.

  • US Drops China's Taobao Website From 'Notorious' List Thursday, 13 Dec 2012 | 6:50 PM ET
    Student in front of an online Taobao shop.

    The United States on Thursday dropped a website owned by China's largest e-commerce company, Alibaba Group, from its annual list of the world's most "notorious markets" for sales of pirated and counterfeit goods.

  • iPhone 5 Hits China as Apple Market Share Slips Thursday, 13 Dec 2012 | 6:28 PM ET
    iPhone 5

    The China release of its iPhone 5 on Friday should win Apple some traction in the world's biggest smartphone market, but its longer-term hopes may depend on new technology being tested by China's top telecoms carrier.

  • Jury Rules Apple iPhone Violated Three Patents Thursday, 13 Dec 2012 | 1:19 PM ET

    A U.S. jury on Thursday found that Apple's iPhone infringed three patents owned by holding company MobileMedia Ideas, though damages have not yet been determined.

  • ‘Extraordinary’ China Prospects: William Lauder Thursday, 13 Dec 2012 | 1:02 PM ET

    Long-term development in China and across Asia promises great opportunity, William Lauder says.

  • Yahoo Plans Board Shake-Up, Adds Former PayPal Exec Thursday, 13 Dec 2012 | 11:18 AM ET
    The Yahoo logo is displayed in front of the Yahoo headqarters in Sunnyvale, California.

    Yahoo is planning to bring on a new board member and show two others the door, the New York Times reported on Thursday, citing sources.

  • China Escalates Dispute, Flies Plane Over Islands Thursday, 13 Dec 2012 | 4:45 AM ET
    Disputed set of islands in East China Sea, referred to as Senkaku or Diaoyu islands.

    Japan protested to China on Thursday after a Chinese government plane entered what Japan considers its airspace over disputed islets in the East China Sea, the Japanese Foreign Ministry said.

  • A man watches a TV screen broadcasting news on North Korea's rocket launch, at a railway station in Seoul on December 12, 2012.

    A successful rocket launch by North Korea could prove to be a key test not just for China's new leaders but also the politicians that will come into power in South Korea and Japan in elections that take place over the next week, experts tell CNBC.

  • More middle-class citizens in China are speaking out forcefully against construction projects that threaten their property, health and legal rights. The GlobalPost reports.

  • Indian State Vote May Be Potentially Game-Changing Wednesday, 12 Dec 2012 | 9:44 PM ET

    India's Gujarat state will hold a potentially game-changing vote on Thursday that could help decide whether Chief Minister Narendra Modi or Rahul Gandhi, becomes India's next prime minister.

  • North Korea Snubs Key Ally China With Rocket Test Wednesday, 12 Dec 2012 | 9:20 PM ET
    South Korean conservative activists burn anti-North Korean placards during a protest denouncing North Korea's rocket launch, in Seoul on December 12, 2012.

    There was anger and dismay after North Korea launched a long-range rocket into orbit on Wednesday -- plenty of it in South Korea and Japan. There was also surprise.

  • S.Korea Central Bank Holds Rates, Cut Seen in Early 2013 Wednesday, 12 Dec 2012 | 8:59 PM ET

    South Korea's central bank kept interest rates on hold for a second consecutive month, as it feels out the effects from two rate cuts this year as well as latest policy easing from the U.S. Federal Reserve.

  • Hong Kong Stock Exchange

    The city's market watchdog proposes that banks preparing companies for listing on Hong Kong's stock exchange will be made explicitly liable for IPO prospectuses, although they will also have more powers to ensure that their clients play by the rules.

  • MUFG to Pay $8.6 Million in US Sanctions Case Wednesday, 12 Dec 2012 | 7:04 PM ET

    Japan's Mitsubishi UFJ Financial Group said it will pay $8.6 million as a settlement for transactions that could be seen as violations of U.S. sanctions.

  • Investors In for Bumpy Ride Aboard the 'Abe Trade' Wednesday, 12 Dec 2012 | 7:00 PM ET
    Shinzo Abe, incoming Prime Minister of Japan.

    Printing money and going on a spending spree would usually sow alarm in a heavily indebted economy, but investors in Japan are betting that opposition leader Shinzo Abe will tone down his strategy if he wins power in Sunday's national election.

  • Why Is India Launching a Probe Into Wal-Mart? Wednesday, 12 Dec 2012 | 6:41 PM ET
    Wal-Mart signage is seen in the parking lot of the store in Mexico City, Mexico.

    India's government has announced an inquiry into the lobbying practices of Wal-Mart after a report that the giant retailer had pressed U.S. lawmakers to help gain access to foreign markets.

  • Coal Miner Bumi Moves Towards Bakrie Divorce Wednesday, 12 Dec 2012 | 6:24 PM ET

    Indonesia-focused miner Bumi moved closer to divorcing the Bakrie family that co-founded it, announcing the departure of its Bakrie-supported chief executive and plans to sell its stake in unit Bumi Resources soon.

  • Australia's GrainCorp Rejects ADM Offer Wednesday, 12 Dec 2012 | 6:17 PM ET

    GrainCorp rejected on Thursday a sweetened $2.9 billion bid from U.S. agribusiness giant Archer Daniels Midland.

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Asia Video

  • Adrian Mowat, MD, Chief Asian & Emerging Market Equity Strategist at J.P. Morgan, explains why he is worried about South Korea's construction and automobile sectors.

  • Matthew Phan, Analyst, Asia-Pacific Banks at CreditSights, discusses the significance of news that Beijing has loosened market access restrictions for foreign lenders.

  • Jonathan Barratt, Chief Investment Officer at Ayers Alliance Securities, expects a risk premium to be built into fuel prices soon and explains why cheaper oil is a double-edged sword for consumers.