Asia-Pacific News


  • Infosys profit up 21.6 percent, retains forecast Friday, 11 Jul 2014 | 1:25 AM ET
    Employees walk past an Infosys Ltd. logo at the company's campus in Electronics City in Bangalore, India.

    Infosys beat estimates with a 21.6 percent rise in quarterly net profit and retained sales growth outlook on demand for outsourcing services.

  • Alibaba races to hit August IPO date Friday, 11 Jul 2014 | 12:07 AM ET
    Alibaba.com's headquarters in Hangzhou, China

    Alibaba is racing to complete its landmark initial public offering within the next month, according to several people familiar with its plans.

  • Modi's maiden budget: Did he deliver? Thursday, 10 Jul 2014 | 9:36 PM ET

    The Indian government's debut budget is encouraging, but lacks details on how it will turn its aspirations into reality, say economists.

  • India's Jaitley: I need time to resolve subsidies Thursday, 10 Jul 2014 | 11:36 PM ET

    After India's budget fell short on measures to rein in the subsidy bill, Finance Minister Jaitley said he needs more time to overhaul the system.

  • Malaysia's central bank hikes rates to help debt Thursday, 10 Jul 2014 | 11:31 PM ET
    A pedestrian walks past the Bank Negara Malaysia headquarters in Kuala Lumpur, Malaysia.

    Malaysia's central bank raised its key interest rate as expected, to help temper inflation and rising consumer debt.

  • Japan firms near crisis as labor shortage deepens Thursday, 10 Jul 2014 | 7:18 PM ET
    Workers sort through rocks at a construction site in Rikuzentakata, Iwate Prefecture, Japan.

    Japan's labor shortage is nearing crisis in some industries, curbing operations, pushing up wages and potentially crimping a recovery in the economy.

  • China agrees to reduce FX intervention Thursday, 10 Jul 2014 | 7:57 PM ET
    Zhou Xiaochuan, Governor of the People's Bank of China (PBOC).

    China will lower its intervention in the currency market, reaching an understanding on an issue that has hurt ties between the U.S. and China for years.

  • Malaysia banks in mega-merger talks Thursday, 10 Jul 2014 | 7:35 PM ET
    The headquarters of CIMB Bank (left) and OCBC Bank stand in Kuala Lumpur, Malaysia.

    Three of Malaysia's largest financial institutions are in talks to combine, which would create one of southeast Asia's biggest lenders by assets.

  • Is the Singapore REIT rally on its last legs? Thursday, 10 Jul 2014 | 6:29 PM ET

    Singapore's real-estate trusts have recovered to around the highest levels since last year's "taper tantrum," but Nomura says the rally may end soon.

  • China to become 2nd largest equity market by 2030 Thursday, 10 Jul 2014 | 3:30 AM ET
    Shanghai stock exchange

    China will overtake the U.K. and Japan to become the second-largest global equity market by 2030, a report by investment bank Credit Suisse says.

  • Are investors losing patience with the BOJ? Thursday, 10 Jul 2014 | 6:29 PM ET

    Investors poured funds into Japan stocks last year on hopes of more Bank of Japan easing, but it looks like next week's meeting will disappoint again.

  • Samsung hit by fresh child labor claims Thursday, 10 Jul 2014 | 3:02 AM ET

    Samsung has been hit by claims of hiring child workers, after assuring investors that there was no underage labor involved in making its products.

  • Rupiah gets election boost – but will it last? Thursday, 10 Jul 2014 | 1:52 AM ET
    Joko Widodo, Governor of Jakarta and presidential candidate.

    The rupiah rallied nearly 5 percent against the dollar in the run up to the presidential election, but analysts say strength is unlikely to last.

  • Modi budgets for Indian growth, to curb deficit Thursday, 10 Jul 2014 | 7:27 AM ET
    India Finance Minister Arun Jaitley with Minister of State for Finance, Nirmala Sitharaman and officials while giving final touches to the Annual Budget 2014-15.

    Indian PM Modi's new government unveiled a budget it said can revive growth after the longest slowdown in 25 years even while curbing borrowing.

  • Chinese hackers break into US agency systems Thursday, 10 Jul 2014 | 12:12 AM ET

    China hackers broke into networks that house information of federal employees, targeting employees who applied for top-secret security clearances.

  • Trucks fall back as China auto market races ahead Wednesday, 9 Jul 2014 | 7:47 PM ET

    China's automotive industry continued to power ahead in the first half of this year, but one sector has been left behind.

  • China trade picture improves, but data underwhelm Wednesday, 9 Jul 2014 | 10:14 PM ET

    China released improved trade data that missed expectations on Thursday, figures that suggest external demand remains weak and domestic recovery fragile, analysts say.

  • Malaysia rate hike: Will they or won't they? Wednesday, 9 Jul 2014 | 6:44 PM ET

    Strong economic growth and rising inflation have raised the odds that Malaysia's central bank could hike rates for the first time in three years.

  • Indonesia stocks surge to 1-year high post election Wednesday, 9 Jul 2014 | 10:54 PM ET
    The Indonesian Stock Exchange in Jakarta

    Indonesian stocks jumped more than 2 percent to one-year highs on Thursday, as investors bet on an election win by Jakarta Governor Joko Widodo.

  • Modi's first budget: Here's what to watch for Wednesday, 9 Jul 2014 | 8:00 PM ET
    College students making a sand sculpture of Narendra modi in Allahabad.

    India's watershed election has laid the foundation for economic reforms – but now the real test begins.

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