Asia-Pacific News


  • Trade Deficit in Japan Swells to Record Levels Wednesday, 23 Jan 2013 | 10:10 PM ET

    Japan logged a record annual trade deficit in 2012 as exports continued to slide in December in a worrying signal that the effects of a weaker yen and the new government's moves to boost the economy with fiscal and monetary stimulus have been slow in coming.

  • China's market remains bullish in 2013     Wednesday, 23 Jan 2013 | 10:10 PM ET

    Alaistair Chan, Economist at Moody's Analytics comments on China's 2013 outlook, saying he expects to see China with a 8% growth, backed by rising exports.

  • As Security Costs Rise, Oil Firms Stay Put in Algeria Wednesday, 23 Jan 2013 | 9:32 PM ET
    In Amenas road sign, Algeria.

    It has been a harrowing start to 2013 for the global energy industry. BP, Statoil and the joint operators of the In Amenas natural gas plant in Algeria are slowly coming to terms with last week's brutal 4-day occupation of the isolated desert facility where 38 mainly foreign hostages were killed by Islamist militants.

  • Global economy outlook remains positive     Wednesday, 23 Jan 2013 | 9:25 PM ET

    Michael McCarthy, Chief Market Strategist at CMC Markets. China's leaders are taking steps to ensure stabilizing growth. Contraction in Europe unlikely to dampen global growth, with the IMF forecast of 3-3.5% growth in 2013.

  • China Factory Growth Quickens to Two-Year High Wednesday, 23 Jan 2013 | 8:51 PM ET

    Growth in China's giant factory sector accelerated to a two-year high in January, a preliminary private survey showed, as manufacturers received more local and foreign orders in an encouraging sign for the country's economic rebound.

  • Still No Timetable for Returning Boeing 787 to Flight Wednesday, 23 Jan 2013 | 8:39 PM ET

    Japanese regulators have joined their U.S. counterparts in all but ruling out overcharged batteries as the cause of recent fires on the Boeing 787 Dreamliner, which has been grounded for a week with no end in sight.

  • South Korea's Growth Picks Up but Outlook Challenging Wednesday, 23 Jan 2013 | 6:19 PM ET

    South Korea's economy grew 0.4 percent in the fourth quarter, the central bank's advance estimates showed on Thursday, up from the preceding quarter and roughly matching market expectations.

  • A Rate Cut in South Korea?     Wednesday, 23 Jan 2013 | 6:05 PM ET

    Simon Warner, Head of Macro Markets, AMP Capital says South Korea's Q4 GDP data increases the likelihood of a rate cut by the Bank of Korea in the near term.

  • Indian Finance Minister Makes Case for Upgrade Wednesday, 23 Jan 2013 | 8:16 AM ET

    India's finance minister hinted at a tough budget and said ratings agencies could be forced to change their minds.

  • Global Markets: European Shares Mixed     Wednesday, 23 Jan 2013 | 6:12 AM ET

    CNBC's Kelly Evans reports on remarks made by British Prime Minister David Cameron that "there is a gap between the EU and its citizens that has grown dramatically in recent years."

  • World CEOs Give Their Outlook On Asia     Wednesday, 23 Jan 2013 | 4:52 AM ET

    Just what do business executives think about the Asian growth story? Is it over? Ross Westgate has more from Davos.

  • Hamish Tyrwhitt, CEO of Leighton Holdings, Australia's largest construction company, tells CNBC that the demand for volume in mining remains and they see a doubling of energy demand over the next decade.

  • StanChart CEO: Banking ‘Attacked’ From All Sides Wednesday, 23 Jan 2013 | 3:03 AM ET

    While the banking industry is being "attacked" from all sides, Standard Chartered's CEO tells CNBC that the Asia-focused bank is looking forward to the year, which has got off to a good start.

  • Abraaj CEO: Excited by Africa and South East Asia     Wednesday, 23 Jan 2013 | 2:40 AM ET

    Arif M.Naqvi, founder and group chief executive at Abraaj Group, tells CNBC that all of the global growth will come from new markets and they are particularly excited by Africa and South East Asia.

  • Women in India's capital are taking self-defence classes, snapping up pepper sprays, booking cabs with female drivers or leaving work early, all signs of growing insecurity following the brutal gang rape and murder of a student last month.

  • 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.

  • Did Bank of Japan Just Kill the Dollar-Yen Rally? Tuesday, 22 Jan 2013 | 10:33 PM ET

    Contrary to expectations, the BOJ's boldest steps yet to boost a flagging economy have triggered a swift change in course for a falling yen.

  • Australia Inflation Surprisingly Tame in Q4 Tuesday, 22 Jan 2013 | 8:15 PM ET

    Australian consumer price inflation was unexpectedly benign last quarter thanks to falls in food, electronics and drugs, suggesting there was still plenty of scope for further rate cuts even if there was no urgency for a move as early as next month.

  • Australian Iron Ore Port to Reopen as Storm Passes Tuesday, 22 Jan 2013 | 7:36 PM ET

    Australia's Port Hedland, which handles about a fifth of the world's seaborne-traded iron ore, will reopen on Wednesday after being spared the brunt of a cyclone that has also shut other major ports in Western Australia.

  • 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.

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