Asia-Pacific News


  • This Is How We'll Drive Our China Business: OCBC CEO Friday, 15 Feb 2013 | 1:38 AM ET

    The CEO of OCBC, which posted a record profit on Friday, said the bank would focus on growing its offshore activities in Greater China as more Chinese firms look to expand overseas.

  • Expect a Far More Dovish India Central Bank Friday, 15 Feb 2013 | 1:26 AM ET
    Indian Rupee banknotes

    The Reserve Bank of India (RBI) stood on the sidelines for much of 2012 as worries over runaway inflation trumped growth concerns. Now as price pressures abate, the central bank is expected to step up monetary easing significantly to revive flagging growth in Asia's third largest economy.

  • Italian Defense Group Faces Fallout From India Crisis Thursday, 14 Feb 2013 | 11:43 PM ET
    Giuseppe Orsi, chief executive officer of Finmeccanica SpA, left, and general manager Alessandro Pansa

    The new head of Italian defense group Finmeccanica has inherited a corruption crisis over a $750 million helicopter deal with India that risks hurting the company's business.

  • Japan Close to Selecting New Central Bank Chief Thursday, 14 Feb 2013 | 11:21 PM ET
    Bank of Japan headquarters in Tokyo, Japan

    Japanese Prime Minister Shinzo Abe is close to selecting his nominee for governor of the Bank of Japan and a decision could come in the next few days.

  • Central Banks Overstretched: Analyst     Thursday, 14 Feb 2013 | 10:20 PM ET

    Martin Schulz, Senior Economist at Fujitsu Research Institute says that central banks are clearly overstretched and the shift is now towards fiscal policy.

  • Great Rotation Not Here Yet: Pro     Thursday, 14 Feb 2013 | 6:50 PM ET

    Vasu Menon, VP of Wealth Management Singapore, OCBC Bank says the much talked about "great rotation" from bonds to equities is not happening just yet. He says retail participation in the equity markets remains thin.

  • India's headline inflation rate moderated to its lowest level in more than three years in January, helped by a slower rise in fuel and manufactured goods prices.

  • Why You Should Look Past Japan's GDP Miss Thursday, 14 Feb 2013 | 1:42 AM ET

    Japan's economy contracted again in the final three months of last year, highlighting that the world's third biggest economy remains in recession. Still, analysts argue it's the outlook that investors should pay attention to.

  • Central Banks Bought Most Gold in Nearly 50 Years Thursday, 14 Feb 2013 | 1:00 AM ET

    Central banks scooped up more gold in 2012 than they have annually in nearly half a century as they sought to diversify reserves, the World Gold Council (WGC) said on Thursday.

  • Obama Speech Fails to Prod Congress Into Action Wednesday, 13 Feb 2013 | 10:58 PM ET
    President Barack Obama

    The pomp and soaring rhetoric of President Barack Obama's State of the Union address roused his Capitol audience to standing ovations, but a day after, the U.S. Congress is no closer to achieving major accomplishments in 2013.

  • BOJ Keeps Policy Steady, Ups Economic Outlook Wednesday, 13 Feb 2013 | 10:48 PM ET
    Bank of Japan headquarters in Tokyo, Japan

    The Bank of Japan kept monetary policy steady and raised its assessment of the economy on Thursday, as the yen's recent declines offered some relief to the export-reliant economy.

  • How Low Can the Yen Go?     Wednesday, 13 Feb 2013 | 9:40 PM ET

    Nick Verdi, Director, FX Strategy Asia Pacific ex-Japan at Barclays discusses factors that could further push the yen lower against the dollar.

  • While world leaders reacted with shock and anger to Tuesday's nuclear test, Pyongyang's third and most powerful to date, the top item searched on South Korean Internet portals was a monthly cosmetics sale by local brand Innisfree.

  • Bank of Korea Governor Kim Choong-Soo

    South Korea's central bank held interest rates steady for a fourth straight month on Thursday, in line with with market expectations.

  • Is Aggressive Easing Japan's Only Cure?     Wednesday, 13 Feb 2013 | 7:10 PM ET

    Tony Nash, Managing Director, IHS questions if aggressive easing is the only solution to Japan's deflation battle as overall investment, which is crucial to perk up the economy, remains sluggish.

  • Global Markets Update: Earnings Weigh on Markets     Wednesday, 13 Feb 2013 | 6:10 AM ET

    CNBC's Kelly Evans reports European shares were mixed in morning trade, as investors digested a series of earnings news, and focused on currency wars.

  • Economic Outlook Increasingly Optimistic: ICC     Wednesday, 13 Feb 2013 | 5:00 AM ET

    Jean-Guy Carrier, secretary general of the International Chamber of Commerce, tells CNBC that he has seen a clear increase in market confidence over the past six months and expects that to continue.

  • India's E-Commerce 'Gold Rush' Fraught With Risks Wednesday, 13 Feb 2013 | 1:47 AM ET

    India's online retail market may be growing at an unprecedented pace, but challenges like the lack of profitability among online retailers could mean it may be up to another five years before the sector truly takes off in the Asia's third largest economy.

  • Currency Wars or Just Currency Confusion? Wednesday, 13 Feb 2013 | 12:11 AM ET

    The world's major economies may be trying to ease concerns about a currency war, but it appears that they are sowing confusion in the foreign exchange markets instead.

  • The Future of Pizza Lies in Mobile Phones Tuesday, 12 Feb 2013 | 10:55 PM ET

    Mobile devices and other digital platforms are the future of pizza, with a growing number of Australians and New Zealanders using their mobile phones to make an order.

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