asia

World Markets Relax After Fed-Inspired Jolt

World markets turn volatile Friday, alternating between steep falls and gains, after Fed Chairman Ben Bernanke's comments about winding down the Fed's bond-buying program.

Asia's Wacky Business Ideas

These products may be wacky and weird, but somehow, in Asia, they make business sense. Check out these unusual innovations that have caught fire across the Pacific.

World Stocks Surge; Dow Breaks All-Time High

World stock markets rose Tuesday as investors applauded China's pledge to stick to economic growth targets for its economy, the world's second largest. Outgoing Premier Wen Jiabao said the government would spend what it needs to meet the target of 7.5 percent enshrined in the latest five-year development plan.

Barclays to Cut 3,700 Jobs As Part of 'Project Transform'

Barclays new chief executive pledged a fresh course for the British lender on Tuesday, axing at least 3,700 jobs and pruning its investment bank as he seeks to rebuild its reputation and boost profitability after a series of scandals.

Markets Cautious Ahead of Debt Ceiling Vote

Stock markets traded cautiously on Wednesday ahead of a U.S. vote on raising the nation's borrowing limit temporarily. The House is set to vote on a motion to increase the nation's $16.4 trillion borrowing ceiling for three months.

U.S. Trade Gap Hit $48.7 Billion in November

The U.S. trade deficit expanded in November to its widest point in seven months, driven by a surge in imports that outpaced only modest growth in exports. The Commerce Department said Friday that the trade gap widened 15.8 percent to $48.7 billion in November from October.

Major Banks Cutting 160,000 Jobs Worldwide -- With More to Come

Major banks have announced some 160,000 job cuts worldwide since early last year, more layoffs are coming as the industry restructures. The numbers are much higher in Europe than in Asia or the United States -- and those loses will be a particularly heavy blow to Britain.

Northeast Air Travel Still Stalled, Thousands of Flights Cancelled

Hurricane Sandy grounded more than 18,000 flights, and it will be days before travel gets back to normal. Authorities closed the three big New York airports, and the ripple effects from the shutdown of the nation's busiest airspace are dramatically affecting travelers in cities far and wide.

From Supersized to Super-Sighs: Is McDonald's Growth Era Over?

McDonald's is showing signs of weakness. Goldman Sachs downgraded it shares due to a slowdown in growth. And with challenges overseas and resurgent competition everywhere, things are unlikely to turn around anytime soon for the world's largest restaurant chain.McDonald's is showing signs of tarnish on the Golden Arches. Goldman Sachs downgraded its shares due to a slowdown in growth. And with challenges overseas and resurgent competition everywhere, things are unlikely to turn around anytime soon for the world's largest restaurant chain.

Unilever Bulks Up in China With an Eye on the Future

Unilever, the second largest consumer goods company in the world, recently announced plans to build one of its largest production bases in China. Unilever already has sales in China worth over $20 billion and anticipates a substantial increase in this figure in the years ahead.

Gas Prices Around the Globe: The Highs and the Lows

With U.S. gas prices near historic highs, Americans are anxious about the cost of filling up. But we still feel far less pain at the pump than drivers in many other developed nations. On the flip side, if you drive in the right world cities, you can still pay less than $1 a gallon.

iPhone vs. Android: Google May Be Winning the War in China

And the winning mobile OS in Asia is ... Google's Android. This from Deutsche Bank's insightful technology analyst Jonathan Goldberg, who says that Android has already pulled away from the pack in China. And not just in smartphones and tablets: Android is finding its way into all sorts of platforms.

Without Steve Jobs, What Kind of Apple Would Carry On?

The company has already proved that it can thrive while the CEO is away. But what's still not clear is whether Apple can remain far more than a tech company once he truly retires. Whose vision can possibly keep Apple the cultural phenomenon that Jobs has made it?

2011's Stealth Trend: Wireless Web Remakes the Rural World

If you want to know how the rural developing world could get cheap, easy wireless Internet access, just follow the money: Remittances to those regions total tens of billions each year, and the money flow isn't very efficient. The profits from micro-telcos taking over the business could prime the pump for an information revolution in the hinterlands.

The Trade Deal With Korea Will Beef Up U.S. Meat Exports

Since the mad cow scare of 2003, South Korea has been a tough market for U.S. beef: The country first banned it, then severely limited imports. But a pending new Free Trade Agreement could mark the resumption of normal trade, and the start of a more prosperous era for American beef exports.

Investing in President Obama's Asia Trip

President Obama's trip to Asia has turned global attention towards opportunities in India, Indonesia, South Korea and Japan. Should investors be following in his footsteps?

Why Asian Nations Hate QE2, and What They Should Do

As the G-20 meets in South Korea, many world leaders have stepped up their complaints about the Fed's $600 billion quantitative easing program, as well as the rapid flow of capital into emerging markets. Some countries are installing capital controls in response, but those won't be enough, says global finance expert Peter Cohan.

Australia Raises Interest Rates to Control Inflation

Australia raised interest rates in a bid to control inflation amid an export boom. The country%u2019s Reserve Bank raised rates to 4.75 % from 4.5%, surprising most analysts, The Associated Press reported.

Singapore Exchange to Buy ASX for $8.3 Billion

Singapore Exchange agreed to buy Australian exchange ASX for A$8.4 billion ($8.3 billion). The Singapore Exchange offer is worth A$48 per share of ASX, a 37% premium over the company%u2019s closing price on Oct. 22, Bloomberg News reported. The two exchanges will be separate legal entities and subject to local regulation.