Asia-Pacific News


  • From Cautious to Bold, Can the Bank of Japan Deliver? Tuesday, 22 Jan 2013 | 2:36 AM ET
    Bank of Japan headquarters in Tokyo, Japan.

    The Bank of Japan (BOJ) entered a new era on Tuesday, unveiling an aggressive monetary policy aimed at pushing Japan's economy out of a slump. But the question is whether the central bank, with a reputation of being cautious, can now deliver?

  • Newly elected Eurozone President and Dutch Finance Minister Jeroen Dijsselbloem

    Dutch Finance Minister Jeroen Dijsselbloem was appointed the new chairman of euro zone finance ministers on Monday and told his colleagues he wanted to move on from simply fighting crises to focus on longer-term policies to cement fledgling confidence.

  • The Toyota Prius C.

    The man who led the development of Toyota Motor's Prius hybrid car is set to become the Japanese automaker's chairman as early as this year, said two senior executives familiar with the matter, in a boardroom shuffle that should do little to lessen president Akio Toyoda's grip.

  • Former Thai Prime Minister Refutes Murder Charge Monday, 21 Jan 2013 | 11:13 PM ET
    Leader of Thailand's Democrat Party Abhisit Vejjajiva, left, speaks as Chart Thai Party's leader and former Prime Minister Banharn Silpa-archa, right, looks on during a joint news conference at a restaurant in Bangkok, Thailand Wednesday, April 26, 2006. Abhisit said the three main Thai opposition parties which included the Mahachon party would provide full cooperation to a decision to be made by courts to end political impasse by joining the next election. Thailand's top judges will meet Thursd

    Former Thai Prime Minister Abhisit Vejjajiva, who is facing charges over civilian causalities during a military crackdown on anti-government protesters in 2010, said the allegations are "politically motivated," adding he will fight to defend his innocence.

  • Further Yen Weakness Unlikely: Japan’s ‘Mr Yen’ Monday, 21 Jan 2013 | 11:03 PM ET
    Eisuke Sakakibara, former Vice Finance Minister of Japan, also known as "Mr. Yen."

    Further weakness in the yen, trading near its lowest level in more than two years against the dollar, is unlikely given the currency's recent and rapid decline, said former top currency official in Japan Professor Eisuke Sakakibara, adding that a dollar/yen rate around 90 'sufficient' for Japan's manufacturers to reap the benefits of a weakened currency.

  • Masaaki Shirakawa, governor of the Bank of Japan

    In a keenly-watched decision, the Bank of Japan on Tuesday doubled its inflation target to 2 percent and adopted an open-ended commitment to buy assets.

  • 'Davos Man' Fears More Storms, Both Real and Economic Monday, 21 Jan 2013 | 10:48 PM ET

    Fragile economies and extreme weather have combined to crank up the global risk dial in the past year, creating an increasingly dangerous mix, according to the World Economic Forum.

  • 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.

  • Atari Files for Bankruptcy Protection Monday, 21 Jan 2013 | 8:31 PM ET

    Video game company Atari said it filed for bankruptcy protection in Paris and New York on Monday after it failed to find a successor to main shareholder and sole lender BlueBay as it wrestles with tough market conditions.

  • Brendon O'Connor, Associate Professor, U.S. Studies Centre at the University of Sydney says the biggest challenge for Obama as he takes office for the second term is getting the economy back on track.

  • Luxury Sector to Overcome Blip: Expert     Monday, 21 Jan 2013 | 4:30 AM ET

    Allegra Perry, managing director at Cantor Fitzgerald, tells CNBC why the luxury sector will continue to do well despite some worrying short term trends in Asia.

  • 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.

  • US Crude May Test $100 After Algeria Attack: Survey Monday, 21 Jan 2013 | 1:28 AM ET
    The In Amenas Gas Plant facility, Algeria

    U.S. crude futures may test $100 a barrel this week - possibly breaching triple digits - after an attack against a gas facility in OPEC member Algeria on Wednesday escalated into an international hostage crisis, leading to renewed fears that supply may be disrupted in other politically-unstable parts of North and West Africa.

  • Is the 'Abe Trade' in Danger of Unwinding? Monday, 21 Jan 2013 | 12:44 AM ET
    Japanese 10,000 Yen bank notes

    While the yen is trading at multi-year lows on high expectations for bold policy action from the BOJ, experts fear markets may be overestimating the central bank's next moves.

  • Among Asia's Hedge Funds, Smaller Was Better Last Year Monday, 21 Jan 2013 | 12:07 AM ET

    For those investing into Asia's hedge funds last year, smaller was better. The region's largest hedge funds - those managing more than $500 million - delivered weaker returns on average than nimbler, small to medium-sized funds, according to fund research and people with knowledge of the individual funds.

  • Myanmar is on the cusp of a mobile revolution. Only it's happening way too slowly for many locals.

  • Iron ore prices have nearly doubled over the past four months, delighting producers, yet the surge is hindering expansion of iron ore mines in Western Australia, the site of the world's largest known deposit.

  • Asian Tycoons in Final Showdown Over Fraser & Neave Sunday, 20 Jan 2013 | 10:12 PM ET
    A range of F&N's soft drinks

    Thailand's third-richest man has raised his stake and takeover offer for Fraser and Neave to fend off a bid by a group led by Indonesian tycoon Stephen Riady as the battle for the Singapore property and drinks group draws towards a close.

  • China Vanke Shares Soar on B-Share Market Exit Sunday, 20 Jan 2013 | 9:01 PM ET
    China Vanke Co.'s 'Fun City' apartment complex in the Fangshan district on the outskirts of Beijing, China.

    Shares in China Vanke shot up by their daily limit on Monday after the major property developer said its foreign-currency B-shares would move to Hong Kong, the second firm to have left the mainland's moribund B-share market in Shenzhen.

  • Abeconomics Are Good for Japan: Pro     Sunday, 20 Jan 2013 | 6:15 PM ET

    Paul Gruenwald, Chief Economist, Asia Pacific, ANZ says Abe's economic policies will be good for Japan. He says the BOJ should adopt the same easing approach as the Fed and print money until a 2% inflation target is hit.

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