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  • China's to spend $5bn on more 'made in Japan' items

    TOKYO -- NetEase, a major internet portal operator in China, plans to spend 500 billion yen ($4.68 billion) over the three years though 2020 to bring more Japanese products to Japanese products have been driving the site's growth, generat

    March 17, 2018 04:00 pm JST
  • Privacy concerns stall Alibaba's plans for Japanese Alipay

    TOKYO -- Alibaba Group Holding's plan to launch a version of the Alipay mobile payment service in Japan has hit a snag, as banks withhold cooperation out of concern over potential data leaks into China.Alipay, operated by Alibaba affiliate Ant Finan

    March 17, 2018 02:00 pm JST
  • Trump signs US-Taiwan travel bill that China has opposed

    WASHINGTON (Reuters) -- President Donald Trump on Friday signed legislation that would allow U.S. officials to travel to Taiwan to meet their Taiwanese counterparts, a move certain to anger China, which views Taiwan as a wayward province.The bill, w

    March 17, 2018 08:30 am JST
  • Trump negotiating with several countries over tariffs: White House

    WASHINGTON (Reuters) -- President Donald Trump is negotiating with a number of countries over the possibility of providing exemptions to new U.S. tariffs on steel and aluminum imports, the White House said on Friday."He's ... working with a number o

    March 17, 2018 08:24 am JST
  • Global trade surpasses economic growth for first time in 6 years

    TOKYO -- The volume of global trade grew faster than the world economy in 2017 for the first time in six years, as rising demand for semiconductors added fuel to the industry's far-reaching supply chains, thereby ending a period in which global trad

    March 17, 2018 06:50 am JST
  • North Korea must agree to nuclear inspections, Abe tells Moon

    TOKYO -- Japanese Prime Minister Shinzo Abe told South Korean President Moon Jae-in Friday that North Korea must take concrete steps toward scrapping its nuclear program, such as submitting to inspections by the International Atomic Energy Agency.In

    March 17, 2018 03:16 am JST
  • Nikkei Asia300 Index falls amid U.S. political uncertainty

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Friday amid more U.S. political uncertainty and one more report of President Donald Trump preparing to impose tariffs on China.The Nikkei Asia300 Index declined 0.5% to 1,473.18.Concerns over U

    March 16, 2018 08:43 pm JST
  • Hong Kong shares post weekly gain with global trade in focus

    HONG KONG (Nikkei Markets) -- The Hong Kong stock market recorded its second straight weekly advance on Friday, with corporate earnings and U.S.-China trade relations grabbing attention.The Hang Seng Index ended the week 1.6% higher after it fell 0.

    March 16, 2018 07:04 pm JST
  • New agency puts spotlight on China's foreign aid

    BEIJING -- The formation of a new high-level Chinese government agency to oversee foreign aid programs highlights Beijing's interest in increasing the use of assistance as a key instrument of diplomacy in support of its global political and economic

    March 16, 2018 06:23 pm JST
  • Asia Inc. comes roaring back in 2017

    BANGKOK -- Asia's big corporations posted record profits in 2017 following several lackluster years, with the technology sector in particular taking advantage of solid demand for devices like smartphones and consumer appliances.Samsung Electronics w

    March 16, 2018 03:20 pm JST
  • Asian corporate profit at record high, but what about low ROE?

    TOKYO -- The robust double-digit growth of corporate Asia's bottom line is undoubtedly good news, but investors may want to take it with a pinch of salt.Even though the aggregate net profit of Asia300 companies reached a record high level in 2017, o

    March 16, 2018 03:20 pm JST
  • Former Qualcomm chairman seeks funding for buyout

    SAN FRANCISCO/NEW ORLEANS, U.S./HELSINKI (Financial Times) -- Paul Jacobs, the recently demoted chairman of Qualcomm, has approached several global investors in an effort to acquire the $90bn chipmaker founded by his father, in what would be one of

    March 16, 2018 02:49 pm JST
  • Hong Kong shares slip as global trade war worries linger

    HONG KONG (Nikkei Markets) -- Hong Kong shares edged lower on Thursday, weighed down by weakness on Wall Street, as lingering concerns over U.S. trade policy clouded investor sentiment.The Hang Seng Index had edged 0.3% lower to 31,442.49 by the noo

    March 16, 2018 02:44 pm JST
  • Vandana Hari

    Asian governments must respond to energy revolution

    China is making a monumental change in how it governs its energy sector: by giving itself an energy ministry. Beijing announced earlier this month that the country's vast oil, gas, coal and power sectors will be overseen by an energy ministry, which

    March 16, 2018 02:36 pm JST
  • Dressing Japan's schoolkids gets dearer as wool prices spike

    TOKYO -- Prices of school uniforms are on the rise in Japan, due to sharply climbing wool prices and changing fashion trends in neighboring China.When Taimei Elementary School in Tokyo's fashionable Ginza district adopted new uniforms designed by th

    March 16, 2018 01:25 pm JST
  • Samsonite US manufacturing plan faces labor shortage

    HONG KONG -- Samsonite's plan to relocate some of its manufacturing activities to the U.S. is facing a challenge due to a shortage of skilled workers."You can get everything but you can't get people. Without people, factories won't work," chief exec

    March 16, 2018 11:57 am JST
  • US to seek 'like-minded' G20 countries to counter China: Treasury official

    WASHINGTON (Reuters) -- The Trump administration will seek to work with "like-minded" countries at the Group of 20 finance leaders meeting early next week in Argentina to push back against China's state subsidies and investment policies, a senior U.

    March 16, 2018 10:58 am JST
  • China consumer rights show slams Volkswagen again

    DALIAN, China -- Volkswagen once again came under fire in China's annual consumer watchdog television show in what some saw as an attempt to single out the country's top-selling automaker to the benefit of Chinese brands.China Central Television (CC

    March 16, 2018 06:23 am JST
  • White House brings in another China hawk in Kudlow

    WASHINGTON/BEIJING -- U.S. President Donald Trump has chosen Larry Kudlow, a vocal critic of China's trade policies and intellectual property violations, as his top economic adviser, in yet another sign that the White House is pursuing a harder line

    March 16, 2018 05:31 am JST
  • China's semiconductor 'Big Fund' to focus on advanced chips

    SHANGHAI -- China will continue to invest in the development of high-end chips and will monitor the sector to ensure that only products of high quality are manufactured, said the head of the country's national semiconductor fund."We should definitel

    March 16, 2018 01:24 am JST