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  • Chinese drugmaker Luye Life casts around for Japanese partners

    TOKYO -- Chinese drugmaker Luye Life Sciences Group is entrenching itself in Japan and moving to launch joint venture talks with some 30 Japanese players.The plans include purchasing off-patent drugs from the partners and helping them tap the Chines

    December 16, 2017 10:00 am JST
  • China cuts export duties for select metals

    BEIJING -- China will cancel or suspend a number of export tariffs come January in a move seen by some as a countermeasure against anti-dumping duties levied by the U.S. and European Union against Chinese steel and aluminum products.The Finance Mini

    December 16, 2017 04:46 am JST
  • China's Li gives no promise to end retaliation over THAAD

    BEIJING -- South Korean President Moon Jae-in on Friday called for better business conditions for South Korean companies hit by retaliatory measures over the deployment of a U.S.-developed missile shield, only to see Chinese Premier Li Keqiang not o

    December 16, 2017 04:21 am JST
  • Sunac China shares tumble on capital increase plan

    HONG KONG -- Real estate developer Sunac China Holdings plummeted on the stock market here Friday after it announced plans for a capital increase, raising worries that the company that has actively invested in other corporations facing financial cha

    December 16, 2017 02:31 am JST
  • South Koreans fume over perceived diplomatic snubs by China

    SEOUL -- South Koreans are growing increasingly angry with China over a perceived lack of courtesy extended to President Moon Jae-in during his visit to Beijing.Anti-Chinese sentiment is further being fueled by an incident in which South Korean jour

    December 15, 2017 09:46 pm JST
  • Nepali voters choose left alliance in rebuke to India

    KATHMANDU -- Even before the final count is in, supporters of Nepal's communist coalition sniffed victory in a landmark election held over two stages, on Nov. 26 and Dec. 7, and have begun celebrating. The sound of drums echoed in a historic corner

    December 15, 2017 09:38 pm JST
  • Nikkei Asia300 Index falls tracking Wall Street losses

    MUMBAI (NewsRise) -- Asian stocks outside of Japan fell Friday as uncertainty over U.S. tax reforms damped investors' risk appetite.Indian shares rallied, bucking the trend, after exit polls predicted a victory for Prime Minister Narendra Modi's Bha

    December 15, 2017 08:24 pm JST
  • Ex-German minister named as head of HNA's biggest shareholder

    CHONGQING, China -- Former German economy minister and vice chancellor Philipp Roesler was named head of Hainan Cihang Charity Foundation Inc, the Nikkei learned Friday. The New York-based nonprofit organization is the largest shareholder of HNA Hol

    December 15, 2017 07:56 pm JST
  • Hong Kong stocks trim weekly advance as heavyweights retreat

    HONG KONG (Nikkei Markets) -- Hong Kong stocks pared their first weekly gain in three weeks on Friday, as concerns related to U.S. tax cuts dragged on heavyweights such as Tencent Holdings and HSBC Holdings.The Hang Seng Index lost 1.1% to 28,848.11

    December 15, 2017 07:42 pm JST
  • China techs driving data center investment across Southeast Asia

    BANGKOK -- A string of new data centers across Southeast Asia has highlighted rising regional demand for digital services served by big tech names from China rather than the likes of Google and Amazon.com. Alibaba Cloud, an arm of e-commerce giant A

    December 15, 2017 06:01 pm JST
  • Financials lead Hong Kong lower after Wall Street retreat

    HONG KONG (Nikkei Markets) -- Hong Kong stocks fell on Friday morning after renewed concerns about the outlook for U.S. tax reform sparked losses on Wall Street overnight and as global financial companies remained under pressure after the U.S. Feder

    December 15, 2017 02:36 pm JST
  • HNA Group moves to reassure market on finances

    HONG KONG (Nikkei Markets) -- Chinese airline group-turned-conglomerate HNA Group said it has 310 billion yuan ($46.9 billion) in an unused credit line from lenders and that eight banks have assured the group of "full support" for its lending plans

    December 15, 2017 02:34 pm JST
  • Australia-China mistrust steals spotlight in Sydney by-election

    MELBOURNE -- Sydney's leafy northern suburbs are not the most obvious vantage point from which to observe a simmering diplomatic rift between two usually friendly nations. But in the electorate of Bennelong, a by-election that would normally revolve

    December 15, 2017 12:35 pm JST
  • Li & Fung selling struggling division for $1.1bn

    Li & Fung, the struggling Hong Kong sourcing group, is selling off its sweater, furniture and beauty products business to the founding Fung family and Chinese private equity house Hony Capital for $1.1bn.The Hong Kong-listed company, which helps ret

    December 15, 2017 11:16 am JST
  • China's Xi to tackle financial risks as corporate debt rises

    BEIJING -- Chinese President Xi Jinping is expected to use an annual economic policy meeting to stress the need to prevent a financial crisis, even though tighter regulations could pour cold water on an economy shored up by robust exports and invest

    December 15, 2017 08:00 am JST
  • Moon and Xi agree on avoiding new Korean war, but little else

    BEIJING -- The leaders of China and South Korea affirmed a shared goal of a peaceful end to the standoff with North Korea, but despite the effort at solidarity, their summit here Thursday reinforced the view of how far bilateral relations still have

    December 15, 2017 06:45 am JST
  • South Korea still feeling the heat over THAAD deployment

    BEIJING -- South Korean government and industry are making overtures in hopes of getting China to ease up on damaging retaliatory measures over Seoul's deployment of a U.S.-developed missile shield, but Beijing shows little sign of making significan

    December 15, 2017 06:41 am JST
  • China launches antitrust probe into Toshiba Memory deal

    TOKYO -- Chinese antitrust regulators earlier this month opened an investigation into Toshiba's planned sale of its flash memory unit, it was learned Thursday.Toshiba said in September that it is selling newly formed subsidiary Toshiba Memory to an

    December 15, 2017 04:54 am JST
  • Moon, Xi say negotiation, not war, to end North Korean crisis

    SEOUL -- South Korean President Moon Jae-in and his Chinese counterpart Xi Jinping said Thursday that the North Korean nuclear crisis would be resolved through talks and negotiation rather than war.The two leaders agreed that the two Koreas should b

    December 15, 2017 12:02 am JST
  • Dalian Wanda denies cash crunch, says it has $30bn on hand

    HONG KONG -- Chinese conglomerate Dalian Wanda Group said it would take legal action against an online media outlet over an article that claimed the group was running out of cash amid an official crackdown on capital outflows and corporate debt.In a

    December 14, 2017 11:43 pm JST