Asia-Pacific News


  • This Is What Could Knock Euphoric Global Markets Sunday, 27 Jan 2013 | 9:38 PM ET

    Growing optimism about the economic outlook and a string of upbeat earnings has put global equity markets on a strong footing at the start of the year.But hold on, say strategists, pointing to a risk that investors are underestimating: a U.S. budget sequester.

  • Happy Hour in Asia as Global Booze Makers Eye Deals Sunday, 27 Jan 2013 | 9:17 PM ET

    The biggest global alcohol companies are sizing up buyout and tie-up opportunities in China, India, South Korea and Vietnam, keen to profit from a $258 billion Asian market that is growing twice as fast as the rest of the world.

  • China December Industrial Profits Up 17% on Year Sunday, 27 Jan 2013 | 1:29 AM ET
    Labors work at a factory's workshop in Huaying, Sichuan province of China.

    Profits earned by China's industrial companies rose 17.3 percent in December from a year earlier to 895.2 billion yuan ($143.91 billion), official data showed on Sunday, as a fourth-quarter recovery helped offset poorer corporate results in the third.

  • Singapore Ruling Party Rebuked in By-Election Saturday, 26 Jan 2013 | 11:16 PM ET

    Singapore's long-dominant People's Action Party (PAP) lost heavily in a single-seat by-election on Saturday, a barometer of how the government is dealing with discontent in the wealthy Asian country over immigration and the high cost of living.

  • Egypt Enters Fourth Day of Violence Saturday, 26 Jan 2013 | 4:20 AM ET
    An Egyptian protester next to a fire, throws stones towards riot police during a demonstration in Cairo's Tahrir Square on January 26, 2013.

    Police fired tear gas at dozens of stone-throwing protesters in Cairo on Sunday in a fourth day of street clashes that have killed at least 41 people and compounded the political challenges facing President Mohamed Mursi.

  • Why China Will Underpin the Global Economy in 2013 Saturday, 26 Jan 2013 | 3:11 AM ET
    Housing construction in Beijing, China.

    China's economy could grow at more than 8 percent in 2013, giving some underpinning to global economic activity that is set for a mild, tortuous recovery this year, the head of China's sovereign wealth fund said on Saturday.

  • First Steve Jobs Movie Gets Red Carpet Premiere Saturday, 26 Jan 2013 | 12:16 AM ET
    Actor Ashton Kutcher plays Steve Jobs in the red carpet premiere of "Jobs".

    The first movie about Apple's legendary co-founder got its world premiere on Friday, just 15 months after Steve Jobs' death.

  • China Tells Its Own Officials to Avoid Sex Scandals Friday, 25 Jan 2013 | 10:47 AM ET

    The official news agency of the Chinese government has published an editorial urging Chinese government officials to avoid sex scandals and be "superheroes" when it comes to fighting corruption.

  • Currency Wars Can’t Be Won: Bank of Korea Chief Friday, 25 Jan 2013 | 3:52 AM ET

    The Bank of Japan's decision to adopt a more aggressive monetary policy has not gone down well with South Korea, whose currency has strengthened rapidly as a consequence. Its central bank head tells CNBC that countries trying to weaken their currencies will not succeed in the long run.

  • Bank of Japan headquarters in Tokyo, Japan.

    Japan brushed aside criticism that aggressive easing by the Bank of Japan could trigger competitive currency devaluations, saying the central bank is trying to end nearly 20 years of deflation, not manipulate the yen.

  • Death of Commodities Super-Cycle? Not Quite Friday, 25 Jan 2013 | 12:14 AM ET

    The slowdown in the global economy last year, prompted warnings over the death of the commodities super-cycle, but the flood of government stimulus unveiled in the recent months will prolong the bull run, says one expert.

  • North Asia Vs South East Asia     Friday, 25 Jan 2013 | 12:05 AM ET

    Richard Martin, Managing Director at IMA Asia, explains that the key to the better balanced Asia depends on the export figures of North Asia and the cooling down of South East Asia market.

  • Yen Meddling—What Has Japan Started? Friday, 25 Jan 2013 | 12:00 AM ET

    Japan's new government certainly isn't mincing its words about wanting a weaker yen. But Tokyo can now expect to face increased resistance overseas to any efforts to engineer a weaker currency, analysts warn.

  • Could This Chinese Firm Become RIM’s White Knight? Thursday, 24 Jan 2013 | 9:00 PM ET

    A senior Lenovo executive said on Thursday that the Chinese computer maker may consider Research in Motion as a takeover target, sending the Blackberry maker's shares up 2 percent just a week before it launches a make-or-break line of redesigned smartphones.

  • Love Across the DMZ: Matchmaking, North Korea-Style Thursday, 24 Jan 2013 | 8:05 PM ET

    Seoul is full of untapped customers eager to tie the knot with northern beauties. The GlobalPost reports.

  • North Korea to Target US With Nuclear, Rocket Tests Thursday, 24 Jan 2013 | 3:03 AM ET

    North Korea said on Thursday it would carry out further rocket launches and a nuclear test that would target the United States, dramatically stepping up its threats against a country it called its "sworn enemy".

  • Hyundai Motor Posts Surprise Profit Decline, Shares Fall Thursday, 24 Jan 2013 | 12:29 AM ET

    South Korea's Hyundai Motor posted a surprise 5.5 percent fall in quarterly net profit, missing forecasts, as record car sales were dented by the impact of a stronger local currency and the cost of compensating drivers in North America for overstated fuel-economy claims.

  • Gangnam Brings Fans—and Tourism Revenue—to Korea Wednesday, 23 Jan 2013 | 11:23 PM ET
    Korean rapper Psy (C) teaches Red Bull Racing drivers Mark Webber (L) and Sebastian Vettel (R) the Gangnam Style dance before the Korean Formula One Grand Prix at the Korea International Circuit on October 14, 2012 in Yeongam-gun, South Korea.

    Even as the South Korean economy struggled in 2012, there was one bright spot-K-Pop sensation Psy's "Gangnam Style" video–that helped bring a record number of tourists boosting revenues to a new high.

  • Apple Suppliers Slammed, but Experts Say Buy Wednesday, 23 Jan 2013 | 11:20 PM ET

    Whiles shares of Apple suppliers in Asia tanked on Thursday after the U.S. consumer technology giant missed revenue forecasts.

  • 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.

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