Asia-Pacific News

Find business; finance; economy, stocks, and global economy news on CNBC's Asia Pacific page.

Tokyo prosecutors indict Nissan's ex-chairman Ghosn for financial misconduct

Tokyo prosecutors indicted Nissan Motor along with its ousted Chairman Carlos Ghosn, on Monday, shifting the focus of the financial misconduct scandal to the Japanese automaker and its CEO's responsibility.

Posted on 10 December 2018 | 2:56 am

China's state-controlled media claim Canada is putting on a 'show trial' for Huawei executive

A Chinese state-run newspaper has lashed out at Canada over the arrest of a top Huawei executive, saying it is bowing to pressure from the United States.

Posted on 10 December 2018 | 12:43 am

Facebook ramps up ad transparency ahead of India's 2019 general elections

Advertisers in India who want to run political ads on Facebook will need to confirm their identity and location to prevent abuse of the system ahead of the 2019 general elections, the social networking site said.

Posted on 10 December 2018 | 12:12 am

India's ruling party headed for setbacks in state elections amid farmer unrest

Five states recently went to the polls to elect representatives to their respective assemblies. Results are due Tuesday, with special attention on the regions of Madhya Pradesh, Chhattisgarh and Rajasthan.

Posted on 9 December 2018 | 10:14 pm

Asia stocks decline after China reports weak trade data

China reported November trade data over the weekend that came significantly below expectations. Exports rose only 5.4 percent from a year ago versus a forecast of 10 percent jump. Import growth was the slowest since October 2016 at 3 percent. 

Posted on 9 December 2018 | 6:52 pm

Huawei executive's arrest puts more pressure on Trump and Xi as they grapple over the global order

While the arrest of Meng Wanzhou did not stem directly from trade talks, it made them more complicated and sensitive. It also served as a stark reminder of the deep frustrations that underpin Washington's relationship with Beijing.

Posted on 7 December 2018 | 11:49 am

Kudlow: Trump could extend 90-day trade truce with China if progress is made in talks

Larry Kudlow, director of Trump's National Economic Council, also says the arrest of Huawei's CFO won't impact U.S.-China trade talks.

Posted on 7 December 2018 | 10:24 am

Huawei reportedly pledges $2 billion to satisfy British security agency's demands

Huawei has reportedly agreed to conform with a list of terms set out by GCHQ's National Cyber Security Centre. 

Posted on 7 December 2018 | 8:49 am

'Nightmare' conditions at Chinese factories where Hasbro and Disney toys are made

An investigation into Chinese toy factories has alleged that factories in major supply chains are mistreating their workers.

Posted on 7 December 2018 | 7:43 am

Huawei appoints chairman as its acting CFO after executive's arrest

China's Huawei Technologies has appointed Chairman Liang Hua as acting chief financial officer (CFO) following the arrest in Canada of its CFO, who faces extradition to the United States, a source close to the matter told CNBC.

Posted on 7 December 2018 | 1:26 am

Soul-searching is in order for Nissan's board after Ghosn allegations, governance experts say

Turmoil at Japan's Nissan Motor surrounding allegations of impropriety by ousted chairman Carlos Ghosn raises questions about the oversight role of the company's board of directors, a corporate experts said.

Posted on 7 December 2018 | 1:05 am

India and Pakistan turn to religious diplomacy as peace talks stall

A five-kilometer passageway that connects Sikh shrines from the Indian city of Dera Baba Nanak to the town of Kartarpur in Pakistan is hoped to normalize relations between the historical rivals.

Posted on 6 December 2018 | 10:30 pm

Asian stocks take a breather after days of declines

The Wall Street Journal reported on Thursday that the Federal Reserve is considering whether to signal a wait-and-see approach to rate hikes at its upcoming meeting this month. 

Posted on 6 December 2018 | 6:39 pm

Huawei CFO arrest sends global chip stocks plunging; AMS slides 7%

Global chip stocks tumbled on Thursday as the arrest of a top executive at Chinese tech giant Huawei renewed fears of an escalation in U.S.-China trade tensions.

Posted on 6 December 2018 | 5:36 am

Shares of Apple suppliers crumble after lensmaker reports more than 25 percent decline in revenue

Shares of Apple suppliers in Asia took a beating on the back of Taiwanese lensmaker Largan Precision reporting a more than 25 percent year-on-year decline in its November revenue.

Posted on 5 December 2018 | 11:39 pm

There may be more at stake than just trade concessions in the US-China tariff battle

U.S. interference in the South China Sea and Taiwan — matters that Beijing considers internal — are seen as influencing factors on trade negotiations.

Posted on 5 December 2018 | 10:50 pm

Huawei CFO arrest hits Asian tech stocks hard; broader markets sell-off as global rout continues

Huawei CFO Meng Wanzhou, who is also the daughter of the company's founder, is said to face extradition to the United States. Tech stocks throughout Asia plunged on Thursday.

Posted on 5 December 2018 | 6:37 pm

No deal on auto tariffs as White House backpedals, Volvo threatens to move jobs overseas

Carmakers were initially buoyed by the claim of an "incredible" trade deal emerging Trump's dinner with Chinese President Xi Jinping at the G-20 summit. But the White House has now backpedaled, acknowledging there was no deal. 

Posted on 5 December 2018 | 9:35 am

Huawei blocked from providing core tech to a 5G network in the UK

Chinese smartphone manufacturer Huawei has been barred from providing the technology central to BT's 5G network.

Posted on 5 December 2018 | 9:15 am

Dual-class shares are a threat to Asian market fairness, watchdog warns

The introduction of dual-class shares in some places is a threat to market fairness in Asia after two decades of steady progress, the Asian Corporate Governance Association said in a report.

Posted on 5 December 2018 | 5:06 am

US stock futures close higher after Tuesday's market rout

U.S. stock futures closed higher on Wednesday, pointing to a slight rebound from the steep losses seen in regular trading.

Posted on 4 December 2018 | 9:25 pm

South Korean peace efforts look 'out of sync' with elimination of North Korean nukes

As the two Koreas make steady progress toward reconciliation, fears are mounting that peace efforts may overshadow the denuclearization of North Korea.

Posted on 4 December 2018 | 7:13 pm

Asian stocks stumble after Wall Street plunge

Stocks in China, Hong Kong, Japan, South Korea and Australia saw losses after a Wall Street sell-off that saw the Dow Jones Industrial Average plunge almost 800 points by the close.

Posted on 4 December 2018 | 6:47 pm

UK spy chief raises questions over China's 5G rollout

The U.K. and Canada are the only members of the Five Eyes security alliance not to exclude Chinese tech firms from working on their 5G networks.

Posted on 4 December 2018 | 10:36 am

Women in Asia are a growing luxury force, report shows

Women throughout Asia, especially those in China, are an increasing force in luxury spending, according to the latest report on Asian luxury spending habits from Bank Julius Baer.

Posted on 4 December 2018 | 3:22 am

Paul Manafort reportedly tried to make a deal with Ecuador to hand over Julian Assange

During a 2017 meeting with Ecuador's incoming president, Trump's ex-campaign chief Paul Manafort tried to negotiate a deal that would see Ecuador get concessions from Washington in exchange for Wikileaks' Assange, according to The New York Times.

Posted on 3 December 2018 | 9:57 pm

Asian stocks mostly decline as 'warm fuzzy feeling' of US-China trade agreement fades

But the mainland Chinese markets, closely watched by investors as a result of Beijing's trade war with Washington, bucked the overall downtrend to see gains on the day.

Posted on 3 December 2018 | 6:39 pm

Trump's description of the China trade deal doesn't match the official White House version

Following the conclusion of the G-20 summit in Argentina, Trump described the agreement brokered with Beijing as "one of the largest deals ever made."

Posted on 3 December 2018 | 2:05 am

The next date to watch in the US-China trade war is Dec. 18, expert says

China marks the 40th anniversary of its economic reforms and opening up on Dec. 18 — an occasion Beijing could use to emphasize its commitment to transform its economy, noted Scott Kennedy of the Center for Strategic and International Studies.

Posted on 3 December 2018 | 1:42 am

Trump only agreed to 'non-escalation,' so China still faces 'real economic consequences': Expert

Chinese President Xi Jinping and U.S. President Donald Trump put their trade war on pause momentarily, striking an agreement to hold off on slapping additional tariffs on each other's goods for 90 days.

Posted on 3 December 2018 | 1:17 am