Asia-Pacific News


  • Will Asian Equities Carry Their Bull Run Into 2013? Tuesday, 11 Dec 2012 | 12:59 AM ET
    Investors watch the electronic board at a stock exchange hall in Huaibei, China.

    Asian stocks have had a solid run this year, with the MSCI Asia Ex-Japan Index rallying 17 percent since the start of 2012, and Standard Chartered Bank says expect another 10 percent upside in the new year.

  • China's banks lent more slowly than markets expected in November while the pace of total financing eased, but analysts said the economy remains on track for a modest recovery.

  • Air Rage: Chinese Screaming Mad Over Delays Monday, 10 Dec 2012 | 10:40 PM ET

    In China, angry passengers are resorting to extreme measures to protest delays as the country's restricted air corridors are becoming clogged with millions of new fliers each year.

  • Benchmark oil prices will continue to remain in a tight range this week as the continued lack of progress on averting the U.S. "fiscal cliff" and a political crisis in Italy offset positive sentiment from data showing an improvement in China's economy.

  • The strongest support level is near 74.5. This suggests a fall below 79 will find temporary support near 77 and long term support near 74.5.

  • Australian business confidence slumped to its lowest level in more than three years in November, while conditions stayed weak, bolstering the case for further cuts in interest rates.

  • Is China Easing its Grip on Web Censorship? Monday, 10 Dec 2012 | 7:51 PM ET
    Xi Jinping

    China must deepen reforms to perfect its market economy and strengthen rule of law, Communist Party chief Xi Jinping said in southern Guangdong.

  • US Intelligence: Asia's Global Power Rising Monday, 10 Dec 2012 | 7:28 PM ET

    China's economy is likely to surpass the United States in less than two decades but the Asian country is not expected to take on the superpower role of the United States in gathering coalitions to deal with global issues.

  • HSBC to Pay $1.9 Billion for Money Laundering Monday, 10 Dec 2012 | 7:27 PM ET

    Federal and state authorities plan to announce a record $1.9 billion settlement with HSBC on Tuesday, a major victory in the government's broad crackdown on money laundering at banks.

  • StanChart to Pay $327 Million in Sanctions Case Monday, 10 Dec 2012 | 6:29 PM ET

    StanChart has agreed to pay $327 million to resolve allegations that it violated U.S. sanctions against Iran, Sudan and two other countries, capping months of legal headaches for the British bank.

  • Japanese chipmaker Renesas Electronics, hit by slumping orders and competition from rivals like Samsung Electronics, secured a 150 billion yen ($1.8 billion) lifeline from a government-led bailout on Monday.

  • The Bank of Japan will likely ease monetary policy as looming risks such as the potential fallout from the U.S. fiscal cliff and weak Chinese growth continue to cloud the outlook for an economy already seen as in recession.

  • How Much Do Tech Giants Stash Overseas? Billions. Monday, 10 Dec 2012 | 3:51 PM ET

    There's a lot of talk about the staggering amount of cash some big tech companies are sitting on -- but just how much of that are they stashing outside the U.S.?

  • Euro Zone Must Press On With Reforms: Rehn Monday, 10 Dec 2012 | 12:00 PM ET
    European economic commissioner Olli Rehn at the World Economic Forum.

    Europe has made progress in reforms that have helped to rebalance the euro zone economy, but the currency bloc must continue with these efforts to restore confidence, says the EU's top economics official Olli Rehn.

  • Apple Maps Seen 'Life-Threatening' Down Under Monday, 10 Dec 2012 | 10:38 AM ET
    Apple Maps

    Police in Australia are warning citizens to not use Apple maps after some motorists using the app have ended up in "life-threatening" situations.

  • North Korea Rocket Launch Delayed Due to 'Glitch' Monday, 10 Dec 2012 | 4:19 AM ET

    North Korea has extended the window for a widely condemned long-range rocket launch by a week after discovering a "technical deficiency", the isolated state's news agency said on Monday.

  • Japan's TV makers are selling buildings and businesses in a giant "garage sale" that could raise a combined $3 billion.

  • Poor China Exports Data Won't Derail Recovery Monday, 10 Dec 2012 | 12:48 AM ET

    China's trade numbers for November came in far below expectations, however, economists are confident the slump in export growth will not derail the recovery in the world's second largest economy.

  • India's November Car Sales Slump, Outlook Grim, Too Monday, 10 Dec 2012 | 12:17 AM ET
    Mumbai, India

    Car sales in India slumped 8 percent in November, dashing hopes of a sustained revival in demand, as an expected festive season boom failed to materialise in a key growth market for global carmakers.

  • Only a 'German-Built' Euro May Survive Sunday, 9 Dec 2012 | 9:30 PM ET

    I am convinced that only a "German built" euro can survive and prosper as a global transactions currency, a widely held reserve asset and a reliable store of value.

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