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Asia-Pacific News


  • Oil Plunges as US Supplies Rise to New Record Wednesday, 1 May 2013 | 11:01 AM ET

    WTI oil prices saw the largest one-day percentage slide since November, after the U.S. EIA reported crude oil supplies rose far more than expected last week.

  • Where Do the World’s Happiest Consumers Live? Wednesday, 1 May 2013 | 2:52 AM ET

    The world's most optimistic consumers reside in this populous Asian country, according to a survey by Nielsen.

  • Malaysia's Close Election Race: What's at Stake Wednesday, 1 May 2013 | 1:13 AM ET
    Supporters calling for electoral reform, ahead of the country's 13th general election this weekend.

    A general election in Malaysia this Sunday is shaping up to be the most hotly-contested poll ever to be held in Southeast Asia's third biggest economy. And the outcome could be much tighter than markets are anticipating, Malaysia watchers say.

  • Keyboard Crazy: Is BlackBerry Back in the Game? Wednesday, 1 May 2013 | 1:08 AM ET

    London’s department store Selfridges said BlackBerry's new Q10 model is its “fastest-ever selling” technology product, but analysts remain unconvinced that this high demand will help the mobile maker remain relevant in a tough market.

  • The 'Main Story' Inside China Manufacturing Report Wednesday, 1 May 2013 | 12:17 AM ET

    China reported relatively benign manufacturing data on Wednesday, but analysts said the real story was the substantial fall in new factory orders, which they believe has the potential to trigger stimulus action from the government.

  • EU Mulls Trade Action on Bangladesh After Disaster Wednesday, 1 May 2013 | 12:11 AM ET
    Rescuers at the scene after the Bangladesh building collapse in April.

    The European Union voiced strong concern over labor conditions in Bangladesh after a building collapse there killed hundreds of factory workers, and said it was considering action to encourage improvements.

  • China's Factory Activity Posts Surprise Dip in April Wednesday, 1 May 2013 | 12:03 AM ET

    Growth in China's manufacturing sector unexpectedly slowed in April as new export orders fell, raising fresh doubts about the strength of the economy after a disappointing first quarter.

  • Sharp Could Post $5.1 Billion Loss; Shares Slide Tuesday, 30 Apr 2013 | 9:18 PM ET

    Sharp, Japan's leading maker of liquid crystal displays posted a worse than forecast 500 billion yen ($5.1 billion) net loss as panel plants asset write offs crimped its bottom line.

  • Luxury Retailers Bet on Casino Approach in China Tuesday, 30 Apr 2013 | 7:26 PM ET

    With flagging sales in their mainland stores and increasingly price savvy consumers, luxury retailers are taking a lead from casinos' play books by offering junkets in their Hong Kong stores.

  • Apple Bonds: 'Market Is Going to Be All Over It' Tuesday, 30 Apr 2013 | 6:52 PM ET
    Apple CEO Tim Cook

    Apple's move to issue debt could be just the thing the battered company needs to rehabilitate its image with investors.

  • Bonderman on Japan: 'Over Time, I Hate the Place' Tuesday, 30 Apr 2013 | 4:10 PM ET
    David Bonderman, founding partner of Texas Pacific Group

    The founder of private equity group TPG Capital tells the Milken Institute Global Conference that Japan is one of the most challenged nations on earth.

  • 9-Year-Old Ferrari Driver Sparks Outrage in India Tuesday, 30 Apr 2013 | 1:54 PM ET
    A 9-year old kid in India was videotaped driving a Ferrari F430 like this one featured, creating an uproar over India's super-rich.

    The sight of a third-grader driving a $200,000 sports car in a country with crippling poverty has touched off a new round of controversy in the East over the new class of the super-rich, and the dangers of wealth gone wild.

  • No Need to Sweeten Offer for Sprint: Japan's SoftBank Tuesday, 30 Apr 2013 | 7:37 AM ET

    SoftBank said there is no need to improve its $20.1 billion bid for 70 percent of U.S. wireless carrier Sprint Nextel, which has been challenged by Dish Network.

  • Pfizer Earnings Miss, Pressured by Stronger Dollar Tuesday, 30 Apr 2013 | 7:17 AM ET

    Pfizer reported quarterly earnings and revenue that missed analysts' expectations on Tuesday, citing the stronger dollar and the spin-off of its animal health unit Zoetis.

  • Golden Week Loses Its Shine for Hong Kong Tuesday, 30 Apr 2013 | 3:34 AM ET

    Three times a year, during Lunar New Year, this time of year, and the National Day holidays in October, a wide swath of the country essentially shuts down as people venture around the nation and beyond.

  • Conflicting Japan Data: What Are They Telling Us? Tuesday, 30 Apr 2013 | 2:26 AM ET
    Tokyo, Japan

    A slew of economic data out of Japan on Tuesday gives conflicting signals on whether Prime Minister Shinzo Abe's radical revival plan is working or not.

  • Japan's Office Space Is Only Just Heating Up Tuesday, 30 Apr 2013 | 12:43 AM ET
    Tokyo, Japan

    As Japanese corporate sentiment gets a boost from "Abenomics" the country's sluggish property market is showing signs of life, with office prices in Tokyo expected to surge 10 percent over the next 18 months.

  • Singapore Faces Choppy Recovery: Central Bank Tuesday, 30 Apr 2013 | 12:00 AM ET

    Singapore's economy should see a modest rebound this year, although uncertainty regarding the outlook for global growth means the recovery could be choppy, the country's central bank said in a report published on Tuesday.

  • New Study Reveals Motives Behind Deal Leaks Monday, 29 Apr 2013 | 11:51 PM ET

    An intriguing academic study casts new light on the dark arts of leaking deals. The New York Times reports.

  • Rio Tinto Aims to Cut Almost Half of UK Jobs Monday, 29 Apr 2013 | 11:35 PM ET

    Mining group Rio Tinto plans to almost halve the size of its London head office, cutting more than 200 jobs as it tries to slash more than $5 billion in costs by the end of next year.

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