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Spot Gold Extends Losses, Falls 3.3% to Weakest Since October 2010

Asia-Pacific News

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  • Are Dreamliner Glitches Just 'Teething Issues?' Thursday, 17 Jan 2013 | 12:49 AM ET
    A Boeing Co. 787 Dreamliner airplane for All Nippon Airways

    As major airlines around the world start grounding Boeing's Dreamliner passenger jets amid safety concerns, analysts tell CNBC they are confident the U.S. aircraft manufacturer will fix the 787's "teething issues," which arise each time new technology is introduced.

  • The Most ‘Dangerous’ Asset to Own Is... Thursday, 17 Jan 2013 | 12:18 AM ET

    Adding to a rising chorus of analysts warning of a potential bond market crash in 2013 is David Roche, president of Independent Strategy, who points to the most "dangerous" asset to own.

  • Algeria Attack 'Wake-Up' Call for Oil Markets Wednesday, 16 Jan 2013 | 11:51 PM ET
    The Amenas natural gas field in the eastern central region of Algeria, where Islamist militants raided and took hostages on January 16, 2013

    Global oil markets, under pressure from increased North American production, are facing the return of a familiar upside risk - the threat of supply disruption from North Africa after an attack on an Algerian gas field swiftly escalated into an international hostage crisis.

  • What Happens in Japan Stays in Japan? Wednesday, 16 Jan 2013 | 7:28 PM ET
    Japan's Prime Minister Shinzo Abe

    The Pimco executive lays out five key issues to be addressed for Japan to get out of its funk.

  • Japan May Stop Dragging on Global Growth, Finally Wednesday, 23 Jan 2013 | 10:19 PM ET

    Now that Japan has unveiled bold steps to end years of deflation, the world's third largest economy can at last stop being a laggard and start making a positive contribution to global growth, analysts tell CNBC.

  • China’s Lottery Boom Sparks Social Fears Tuesday, 22 Jan 2013 | 6:23 PM ET

    Cui Shengjun has charted the past 100 lottery draws in China. Lines connecting all the numbers snake back and forth on a whiteboard on his wall. The Financial Times reports.

  • Beijing's Central Business District

    Chinese investment banks are carrying out their biggest layoffs and bonus cuts since the financial crisis as they brace for further profit declines, hit by an ongoing drought in initial public offerings in China that started in September.

  • Forget China Leaders, Watch This Man for Reforms Tuesday, 22 Jan 2013 | 10:41 PM ET
    Guo Shuqing, Chairman of China's Securities Regulatory Commission

    How close is China to driving financial reform and opening up its markets? Perhaps the answer lies not with the country's new leaders, who are being watched closely for their willingness to bring reforms, but with Beijing technocrats who appear to be pushing ahead with change.

  • Next on List for Bank of Japan? A New Governor Tuesday, 22 Jan 2013 | 7:10 PM ET
    Bank of Japan headquarters in Tokyo, Japan

    After pressuring Japan's central bank into overhauling monetary policy, Prime Minister Shinzo Abe declared the change "epoch making". Next on his to-do list: find a central bank chief more sympathetic to his views than the current governor.

  • Thai Authorities Sound Alarm Over Rise in the Baht Thursday, 17 Jan 2013 | 12:52 AM ET
    Wat Arun in Bangkok, Thailand.

    Thailand's finance minister said on Thursday that exporters could suffer if the baht was stronger than 30 per dollar, where it has traded in recent days, and the central bank said it was seeing signs of short-term speculative inflows.

  • Sony CEO Says Aims to Expand TV Sales From 2014 Thursday, 17 Jan 2013 | 12:26 AM ET

    Sony, which has spent several years shrinking its television unit, plans to expand sales from next year once the business has stopped losing money, chief executive Kazuo Hirai said on Thursday.

  • Japan's Renesas to Cut Additional 3,000 Jobs Wednesday, 16 Jan 2013 | 7:16 PM ET

    Japanese chipmaker Renesas Electronics said on Thursday it plans to cut an additional 3,000 to 4,000 jobs in September as it slims down management and its design operations.

  • Property Risks Resurface as China's Economy Rebounds Wednesday, 16 Jan 2013 | 9:09 PM ET

    Business is booming in Beijing's real estate offices -- good news for property agents like Zhang Huanhuan, but a headache for China's policymakers as worries resurface about the sustainability of investment in the sector.

  • A range of F&N's soft drinks

    Thailand's third-richest man is set to take control of Fraser and Neave (F&N) in Southeast Asia's biggest M&A deal after a group led by an Indonesian tycoon bowed out of a two-month bidding war for the $11.4 billion Singapore company.

  • Why China's One-Child Policy May Be Ending Monday, 21 Jan 2013 | 7:28 PM ET

    China could be considering relaxing its harsh one-child policy because of women like Hu Yanqin, who lives in a village at the edge of the Gobi desert.

  • Chinese Stock Rally Here to Stay: Chartist Monday, 21 Jan 2013 | 11:13 PM ET
    Investors watch the electronic board at a stock exchange hall in Huaibei, China.

    The rally in the Shanghai Composite Index paused near 2,290 before falling down and retesting the 2,250 support level and then developed a good rebound rally towards resistance near 2,340. The retreat in the Shanghai index was a consolidation within the environment of a rising trend. It was not a trend correction and it was not a change of trend direction.

  • India Hikes Gold Import Tax to Deter Buyers Monday, 21 Jan 2013 | 6:47 PM ET

    India has raised the import tax on gold by 2 percentage points to 6 percent to curb purchases and rein in a ballooning fiscal deficit but industry officials expect only a moderate drop in demand.

  • What India's IT Earnings Say About the West Tuesday, 15 Jan 2013 | 10:24 PM ET

    India's top two exporters of software services surprised the markets this week with strong 2012 fourth quarter earnings, pointing to a recovery in demand from their key markets, the U.S. and Europe.

  • Indians Join the Debate Over Taxing the Rich Wednesday, 16 Jan 2013 | 4:07 PM ET
    C. Rangarajan Chairman of the Indian Prime Minister's Economic Advisory Council (PMEAC).

    The long-favorable tax policies for the wealthy are rapidly falling one by one. Now it may be India's turn.

  • ANA Cancels 177 Flights With Dreamliners Grounded Monday, 21 Jan 2013 | 4:03 AM ET

    All Nippon Airways said on Monday it cancelled 151 domestic and 26 international flights scheduled for January 23-28 after Boeing's 787 Dreamliner passenger plane was grounded, affecting more than 21,000 passengers.

Asia Video

Wednesday, 19 Jun 2013 | 10:40 PM ET

Nick Verdi, Director of FX Strategy, Asia Pacific ex-Japan, from Barclays, discusses his outlook for the Australian dollar - which slumped to its lowest level since 2010 on Thursday.

Wednesday, 19 Jun 2013 | 10:46 PM ET

A rise in mortgage rates in the U.S. could spur unexpected investment opportunities. Sam Chandran, President & Chief Economist at Chandan Economics, explains all.

Wednesday, 19 Jun 2013 | 10:14 PM ET

As Brazil's economy strengthens on the back of the Fed's announcement, Kingsley Jones, Founder & CIO at Jevons Global, talks equity investment opportunities in the South American country.

Most Popular Video

Wednesday, 19 Jun 2013 | 10:13 AM ET

No reason has been given yet for the departure of founder and executive chairman George Zimmer, reports CNBC's Courtney Reagan. Zimmer has long been the face of the company.

Wednesday, 19 Jun 2013 | 10:52 AM ET

CNBC's Rick Santelli, explains why he hears 'crickets" when he asks questions about Fed Chairman Bernanke's policies. "Enough is enough," he rants.

Wednesday, 19 Jun 2013 | 11:36 AM ET

Are reporters lobbing "softball" questions at the Fed chairman? CNBC's Rick Santelli and the Wall Street Journal's Jon Hilsenrath, debate whether the economy continues to need quantitative easing. I'm trying to inform the public about what the Fed is up to, says Hilsenrath.