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Asia-Pacific News


  • The End of Indian IT Staffing as We Know It Sunday, 24 Mar 2013 | 7:56 PM ET

    India's IT outsourcers are promoting "mini CEOs" capable of running businesses on their own, while trimming down on the entry-level computer coders they normally hire.

  • Hurting at Home, China's Li Ning Courts US Glitz Sunday, 24 Mar 2013 | 9:02 AM ET
    i Ning shoes are on display at their flagship store in Beijing, China

    Li Ning, which is expected to report a net loss of close to $177 million on Monday, is hoping to turn its fortunes around by taking on endorsement deals with U.S. NBA stars.

  • Top China College Linked to Cyber-Spying Unit Sunday, 24 Mar 2013 | 2:04 AM ET

    Faculty members at a top Chinese university have collaborated for years on technical research papers with a People's Liberation Army (PLA) unit accused of being at the heart of China's alleged cyber-war against Western commercial targets.

  • In Moscow, Chinese Leader Warns Against Meddling Sunday, 24 Mar 2013 | 12:05 AM ET
    Chinese President Xi Jinping and Russian President Vladimir Putin

    Chinese President Xi Jinping warned against foreign interference in other nations' affairs during a speech in Moscow, sending a signal to the West and echoing a message often repeated by Russian President Vladimir Putin.

  • Oil's Gains on Cyprus Deal Seen Short-Lived Sunday, 24 Mar 2013 | 12:02 AM ET

    Benchmark oil prices gained early Monday, reflecting a broader "relief rally" in risk assets, after details emerged that Cyprus had struck the basis of a bailout deal with international lenders.

  • China's Glamorous First Lady an Instant Internet Hit Saturday, 23 Mar 2013 | 3:00 AM ET
    Chinese President Xi Jinping and his wife Peng Liyuan get off the plane at Vnukovo airport outside Moscow on Friday.

    Stepping off the aircraft in Moscow with her husband, China's new first lady, Peng Liyuan, stepped into the international limelight and became an instant internet sensation back home.

  • Rating Agencies 'Behind the Curve' on Philippines Friday, 22 Mar 2013 | 4:32 AM ET

    One of Southeast Asia's fastest growing economies - the Philippines - got a ratings upgrade last year, but its finance secretary Cesar Purisima told CNBC the agencies were still "behind the curve" and the Philippines deserved a higher credit rating.

  • Are Markets Too Complacent Over Cyprus? Friday, 22 Mar 2013 | 2:01 AM ET
    Cypriot protestors

    Markets have held up relatively well this week in the face of financial turmoil in Cyprus, prompting some analysts to warn that investors are too complacent about the risks.

  • Hong Kong Rugby Sevens: HSBC's Bizarre Findings Friday, 22 Mar 2013 | 1:07 AM ET

    HSBC takes a stab at wacky correlations between the performance of the 28 teams taking part in Hong Kong's most celebrated annual three-day sporting event, the Hong Kong Rugby Sevens, and economic trends.

  • Dealer Cheating Causes Havoc at Volvo's China Unit Thursday, 21 Mar 2013 | 11:54 PM ET
    We’ll Watch Global Economy Closely: Volvo CEO

    Swedish auto maker Volvo has uncovered widespread cheating by its car dealers in China, where retailers inflated sales to win cash rebates from the company.

  • Is China Taking Lessons From the Spin Doctors? Thursday, 21 Mar 2013 | 11:04 PM ET

    From what the world has seen so far of China's new leaders, Xi Jinping and Li Keqiang have learnt a thing or two from Western spin-doctors. During his first annual press conference as premier last Sunday, Mr Li's words and demeanor were carefully crafted to present him as a peasant boy done good. The Financial Times reports.

  • China Still the World's Best Real Estate Market: Pro Thursday, 21 Mar 2013 | 10:35 PM ET

    Don't let fears of a housing bubble stop you from investing in Chinese real estate, one expert tells CNBC, adding that China remains one of the world's most attractive property markets.

  • Why Li & Fung Shares Are Rallying   Thursday, 21 Mar 2013 | 10:33 PM ET
    Why Li & Fung is Bucking Hong Kong Weakness

    Shares of the world's largest supplier of clothes and toys to retailers, Li & Fung, rallied 4 percent despite posting a lower operating profit. Jackson Wong of Tanrich Securities explains why.

  • More Than Easing Needed to Make Tokyo Stocks a Buy   Thursday, 21 Mar 2013 | 9:15 PM ET
    Buying Tokyo Stocks Will Take More Than Easing

    Eric Sprott, CEO at Sprott Asset Management explains why promises of money printing by the Bank of Japan's new leadership isn't enough reason to buy Japanese stocks.

  • From Russia With Love: China's Xi Visits Moscow Thursday, 21 Mar 2013 | 8:21 PM ET

    China's new leader Xi Jinping arrives in Russia on Friday for his first overseas trip, with an elusive gas deal expected to be high on the agenda.

  • Is There Room for the New BlackBerry Z10? Thursday, 21 Mar 2013 | 7:21 PM ET
    BlackBerry introduces its new smartphone, Z10.

    The BlackBerry Z10 hits store shelves Friday and there's a lot at stake for the company. But with the Android and iPhone -- is there even room for the new BlackBerry?

  • BOJ's New Head Vows All to Hit Inflation Target Thursday, 21 Mar 2013 | 7:21 PM ET
    Bank Of Japan New Governor Haruhiko Kuroda

    The new governor of the Bank of Japan says the central bank is ready to use all means available, including buying longer-term assets, to achieve its 2 percent inflation target.

  • YouTube Reaches 1 Billion Users Milestone Thursday, 21 Mar 2013 | 2:18 AM ET
    Google, which owns Youtube, is considering a plan to sell cablelike services via the Internet.

    Google's YouTube said the number of unique users visiting the video-sharing website every month has reached 1 billion.

  • Cyprus a Sign World Is 'Not Better': StanChart CEO Thursday, 21 Mar 2013 | 12:31 AM ET

    The Cyprus bailout chaos serves as a stark reminder that fundamental issues in the world economy are not yet fixed, said CEO of Standard Chartered Bank Peter Sands.

  • Australia’s Prime Minister Wins Leadership Vote Thursday, 21 Mar 2013 | 12:08 AM ET
    Prime Minister of Australia Julia Gillard with former Prime Minister Kevin Rudd in the background.

    Australia’s Prime Minister Julia Gillard won a leadership contest on Thursday unopposed, although analysts said vote was unlikely to end damaging internal divisions with a risk that elections scheduled for September may have to be held earlier.

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