Asia-Pacific News


  • CNOOC-Nexen Deal Wins US Approval, Its Last Hurdle Tuesday, 12 Feb 2013 | 8:22 PM ET
    The Cnooc Ltd. headquarters stand in Beijing, China

    U.S. regulators have approved the $15.1 billion takeover of Canadian oil and gas company Nexen by China's state-owned CNOOC.

  • How We Recovered From China Slump: Leighton CEO Tuesday, 12 Feb 2013 | 8:15 PM ET
    Hamish Tyrwhitt, managing director and chief executive officer of Leighton Holdings

    Leighton Holdings has attributed its return to growth on a re-focus on different Asian growth regions, after the China slowdown hit Australia's largest construction company hard last year.

  • Philippine Catholics Hope for Asia's First Pope Tuesday, 12 Feb 2013 | 7:13 PM ET
    Pope Benedict XVI

    With attention turning from Europe to the "new" world, worshippers in the Philippines prayed quietly and took to social media on Tuesday in the hope their cardinal might be chosen as the next leader of the world's 1.2 billion Roman Catholics.

  • Indonesia's Bakrie Family Agrees Terms of Bumi Split Tuesday, 12 Feb 2013 | 6:50 PM ET
    Nathaniel Rothschild, founder of NR Investments and Samin Tan, chairman of Bumi PLC

    Indonesia's politically connected Bakrie family has agreed to a $640 million deal to sever ties with coal miner Bumi, all but ending their ill-fated London adventure after two years of battles.

  • India's Investment Malaise Thwarting Economic Rebound Tuesday, 12 Feb 2013 | 6:36 PM ET

    Being a big wheel in the earth mover business, Vipin Sondhi has a very clear idea why the Indian economy is stuck in the mud and what the government must do to change the mindset of business executives, like himself.

  • CBA Posts Record Profit Tuesday, 12 Feb 2013 | 6:01 PM ET

    Commonwealth Bank of Australia, the country's biggest mortgage lender, reported a record half-year profit and said it expected domestic business and consumer confidence to improve in line with a more stable global outlook.

  • North Korean Nuclear Test Draws Widespread Anger Tuesday, 12 Feb 2013 | 5:03 PM ET

    North Korea conducted its third nuclear test on Tuesday in defiance of U.N. resolutions, drawing condemnation from around the world, including from its only major ally, China, which summoned the North Korean ambassador to protest.

  • Forget Psy, Meet the Real Gangnam Style Tuesday, 12 Feb 2013 | 1:58 PM ET
    Models walks the runway at the Concept Korea Fall 2013 fashion show during Mercedes-Benz Fashion Week

    Asian designers have already paved their way through the New York fashion scene – names like Phillip Lim, Alexander Wang and Jason Wu have now become household names. But celebrities are already eyeing some of Korea's rising stars; Lie Sang Bong's clients include Beyonce, Lady Gaga and Rihanna. Choi Bo Ko has Whoopi Goldberg as one of his clients.

  • Kudlow: There Is No Global Currency War Tuesday, 12 Feb 2013 | 11:51 AM ET

    All this chatter about a so-called global currency war is utter nonsense, Larry Kudlow says. He believes all that is happening is the Japanese are taking steps to increase liquidity and depreciate their vastly overpriced yen.

  • Sin City's Secret Weapon: China and Baccarat Tuesday, 12 Feb 2013 | 11:30 AM ET
    The Bellagio celebrates the Year of the Snake.

    RGC Economics predicts nearly 4,000 Chinese nationals will come to Sin City for Year of the Snake celebrations. Some will spend up to $100,000 on the trip.

  • The explosion in Chinese wealth is being felt across the United States as hundreds of thousands of Chinese tourists descend upon America. They're here to celebrate their New Year holiday, and while they're at it, spend like crazy.

  • Why Luxury Brands Are Celebrating China New Year Tuesday, 12 Feb 2013 | 9:30 AM ET
    The Year of the Snake.

    As Chinese tourists travel abroad for New Year this week, they will show why the Chinese consumer is considered the top spender in luxury worldwide.

  • OPEC Lifts 2013 World Oil Demand Growth Forecast Tuesday, 12 Feb 2013 | 6:59 AM ET

    World oil demand will grow faster than previously thought in 2013, producer group OPEC said on Tuesday, citing signs of a recovery in the world economy.

  • Goldman Sachs Cuts Global Stocks as Rally Stalls Tuesday, 12 Feb 2013 | 6:14 AM ET
    Trader work on the floor of the New York Stock Exchange.

    World stock markets have rallied to levels not seen since the collapse of Lehman Brothers in January, but the bull market has screeched to a halt and now one of the world's largest investment banks has downgraded its outlook for global equities.

  • Nikkei Jumps After US 'Green Light' on Yen Selling Tuesday, 12 Feb 2013 | 4:36 AM ET

    Japan's Nikkei share average gained 1.9 percent on Tuesday and the yen weakened to a 33-month low against the dollar after a U.S.Treasury official seemed to voice support for Japan's aggressive policies to combat deflation and bolster growth.

  • India's December Industrial Output Contracts 0.6% Tuesday, 12 Feb 2013 | 1:08 AM ET

    India's industrial production fell an unexpected 0.6 percent in December from a year earlier weighed down by manufacturing, government data showed on Tuesday.

  • Does South Korea Need to Cut Rates Again? Monday, 11 Feb 2013 | 9:14 PM ET

    South Korea's central bank will hold interest rates steady on Thursday for a fourth straight month, while chances of another cut this year may be eroding as the world's biggest economies show signs of growth.

  • K-Pop Sensation Psy Dances Into Malaysian Politics Monday, 11 Feb 2013 | 9:06 PM ET

    Korean pop sensation Psy danced right into the middle of Malaysia's increasingly fractious politics as he performed during an event for the nation's governing coalition, known as the National Front, ahead of elections expected to be the closest-fought in Malaysia's history.

  • Is a Bull Market Here? Maybe Not, Says Jim Rogers Monday, 11 Feb 2013 | 8:37 PM ET
    Jim Rogers

    Billionaire investor Jim Rogers told CNBC's "The Kudlow Report" that the stock rally is just the result of ultra-easy monetary policy by the world's central banks.

  • Caterpillar Digs Into Trouble in China Monday, 11 Feb 2013 | 7:34 PM ET

    Two years ago, over a dinner of filet mignon and sweet potato gratin, Caterpillar chief executive Doug Oberhelman looked on as China's President Hu Jintao praised the "mutually beneficial economic co-operation" between the US and China. The Financial Times reports.

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