Asia

Black market iPhones in China

Eunice Yoon explains why China’s iPhone black market is booming.

China’s GDP growth slows

Growth in China is the slowest it’s been in 24 years and that may not be a good thing for the vulnerable global economy.

Ken Ishii | Getty Images News | Getty Images

A single Bluefin tuna has sold for $37,500 in the first fish auction of the year this weekend in Toyko, Japan, according to media reports. The 400-pound (180kg) fish was bought by Kiyoshi Kimura, the owner of a Japanese sushi chain, AP news agency reported. It is the fourth year in a row that he …

Stringer | Anadolu Agency | Getty Images

The missing AirAsia flight QZ8501 carrying 162 people to Singapore from Surabaya is thought to have crashed into the sea, a senior Indonesian rescue agency official told reporters on Monday. “Our evaluation of the coordinates that we have received suggested that it is under water, so our presumption now is that the aircraft is under …

Japan’s monetary stimulus

The Bank of Japan is raising questions about Prime Minister Shinzo Abe’s fiscal policies and whether the country’s economy can turn around.

Japan’s Abe delays tax hike

Japanese Prime Minister Shinzo Abe announced a delay in a sales-tax hike after the country unexpectedly fell into recession.

Ma Ping | Bloomberg | Getty Images
Shinzo Abe, Japan's prime minister, gestures as he speaks during a news conference at the prime minister's official residence in Tokyo, Japan, on Tuesday, Nov. 18, 2014.

Japan is looking for new ideas to fix its badly broken economy. Amid fresh signs of economic contraction, Japanese Prime Minister Shinzo Abe on Tuesday called for an early election and put on hold a scheduled sales tax increase. The news came a day after data showed the world’s third-biggest economy unexpectedly shrank for a …

Japan returns to recession

Japan unexpectedly slipped back into recession, despite massive efforts to stimulate its economy.

Sasha Mordovets | Getty Images
Russian President Vladimir Putin and Chinese President Xi Jinping toast during a signing ceremony on May 21, 2014, in Shanghai.

As Russia and China continue to forge trade pacts, including the huge $456 billion gas deal with Russian state-owned energy giant Gazprom signed in May, many Westerners are wondering whether this cozy relationship between the two nations is anything to be concerned about. “Right now China’s biggest goal is to deflate American dominance, and what …

China’s GDP growth slows

China’s latest report on gross domestic product shows a slowdown in the world’s second-largest economy.

Apple’s iPhone 6 makes China debut

Apple’s new iPhone 6 finally went on sale in China, so how was the reaction in the world’s largest smartphone market?

Thomas Campean | Unified ED | CNBC
Pro-democracy demonstrators protest in front of the Government Complex in Hong Kong on Oct. 2, 2014.

China’s recent move to tighten control over Hong Kong’s political process could turn out to be a very costly move for Beijing. For more than a century, Hong Kong has enjoyed an outsized role in the global financial system, thanks to its freewheeling capital regulations, relatively high quality of life, rule of law and political independence from …

How Hong Kong protests are impacting business

Thousands of workers are unable to get to their offices due to the protests in Hong Kong. Will the protest have a long-term impact on China’s economy?

Tyrone Siu | Reuters
A protester hits a defaced cutout of Hong Kong Chief Executive Leung Chun-ying, as they protest near the central government offices in the business district of Admiralty in Hong Kong September 29,2014.

As tensions continue to flare in Hong Kong, the central government in Beijing is calling on protesters to consider the economic damage they are doing to their city. But while blocked roads and people skipping work are probably affecting the city’s output, the long-term stakes of the conflict far outweigh those immediate concerns, experts say. Leung …

Tyrone Siu | Reuters
A protester raises his umbrellas in front of tear gas which was fired by riot police to disperse protesters in Hong Kong, September 28, 2014.

Unrest in Hong Kong is spooking markets for fear it could escalate, challenging Beijing to make a measured political response, at a time when Chinese and global growth are at the heart of market anxiety. Worries about soft Chinese growth and European weakness has made investors uneasy, while the U.S. Federal Reserve signals it is …