Asia-Pacific News


  • 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.

  • How to Play Aussie Banks     Tuesday, 12 Feb 2013 | 10:54 PM ET

    Scott Phillips, Investment Analyst, Motley Fool Australia says that banks will give you capital gains but are not income plays. Thomas Murphy, Managing Partner, Family Office Research & Management also weighs in.

  • 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.

  • Leighton: Asia Growth Offsets Mining Decline     Tuesday, 12 Feb 2013 | 6:10 PM ET

    As Leighton Holdings returns to profit in 2012, CEO Hamish Tyrwhitt tells CNBC why Australia's mining slowdown doesn't bother the firm thanks to rising commodity and infrastructure demand in Asia.

  • 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.

  • CNBC's Kelly Evans reports Barclays announced its turnaround plan aimed at reducing the bank's annual costs, which sent the stock up over 4 percent.

  • 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.

  • Markets Are Ignoring North Korea's Nuclear Test     Tuesday, 12 Feb 2013 | 12:10 AM ET

    Daniel Harden, Senior Commercial Dealer, Global Reach Partners says financial markets are shrugging off North Korea's nuclear test to focus on upcoming risk events.

  • This Is What Could Spur More Rate Cuts From India Monday, 11 Feb 2013 | 6:45 PM ET

    India's current account deficit is likely to reach a record high in the fiscal year that ends in March, its central bank governor warned.

  • Global Markets Update: Stocks Mixed     Monday, 11 Feb 2013 | 6:11 AM ET

    CNBC's Ross Westgate reports European shares were mixed in Monday morning trading, ahead of a meeting of euro zone finance ministers.

  • At Least 36 Dead in Stampede at Indian Festival Monday, 11 Feb 2013 | 1:50 AM ET

    A stampede at a railway station in northern India killed at least 36 Hindu pilgrims on Sunday, the busiest day of the world's largest religious festival at which some 30 million had gathered to wash away their sins in the sacred Ganges river.

  • Iron ore being transported in Western Australia

    Rio Tinto said on Monday an Australian regulator has ruled that the firm's key iron ore rail lines do not have to be opened to rivals, reinforcing the miner's grip on the global market.

  • US Northeast Digs Out of Blizzard Sunday, 10 Feb 2013 | 9:20 PM ET

    The U.S. Northeast started digging out on Sunday after a blizzard dumped up to 40 inches (1 meter) of snow with hurricane force winds, killing at least nine people and leaving hundreds of thousands without power.

  • Two Infected With Bird Flu in Southwest China Sunday, 10 Feb 2013 | 8:13 PM ET

    Two people in southwest China have tested positive for the H5N1 bird flu virus and are critically ill, state news agency Xinhua said on Sunday.

  • Can You Trust the Data?     Friday, 8 Feb 2013 | 2:51 PM ET

    Gordon Chang, who has written various articles on China, says Chinese data is distorted by the new year, and can no longer be considered accurate.

  • CNBC's Kelly Evans reports on Friday's market moving events from Europe.

  • German 2012 Exports Hit All Time High     Friday, 8 Feb 2013 | 2:00 AM ET

    Guy Monson, managing partner at Sarasin & Partners, tells CNBC that the euro crisis gave Germany an amazing opportunity to penetrate the Asian markets.

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