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  • Toyota's hybrid vehicle sales take off in Europe

    TOKYO -- Toyota Motor is seeing a significant increase in sales of its hybrid gasoline-electric vehicles in Europe, where consumers are turning away from diesel in the wake of Volkswagen's big falsification scandal that came to light a little more t

    December 17, 2017 02:25 am JST
  • EU agrees clampdown on bitcoin platforms to tackle money laundering

    BRUSSELS (Reuters) -- European Union states and legislators agreed on Friday on stricter rules to prevent money laundering and terrorism financing on exchange platforms for bitcoin and other virtual currencies, the EU said in a statement.The agreeme

    December 16, 2017 04:35 am JST
  • Thai Airways, Airbus to build maintenance yard in Thailand

    BANGKOK -- European aerospace giant Airbus and Thai Airways International, the country's flag carrier, announced on Friday that they will open an aircraft maintenance yard to cater to the growing number of planes flying in Southeast Asia.The mainten

    December 16, 2017 03:08 am JST
  • Japan and UK to expand joint military exercises

    LONDON -- Japan and the U.K. have agreed to expand the scope of their joint military drills amid rising tensions in Northeast Asia, with plans to conduct their first-ever army exercises together in Japan next year.Both countries' defense and foreign

    December 15, 2017 08:00 am JST
  • Nigel Gould-Davies

    EU puts trade before principles over Thai army rule

    European Union foreign ministers have this month agreed to resume full political contacts with Thailand, ending restrictions imposed soon after the 2014 military coup which ousted the democratically-elected government of Yingluck Shinawatra.This dec

    December 15, 2017 07:00 am JST
  • Japan's digital money exchanges heading abroad for growth

    TOKYO -- Seeking fresh channels for growth, cryptocurrency trading platforms in Japan -- the world's biggest market -- are branching out to other parts of Asia and beyond.Quoine is launching in the Philippines next year. Bitpoint Japan, a subsidiary

    December 15, 2017 06:49 am JST
  • ECB's Draghi sidelines critics to keep money taps wide open

    FRANKFURT (Reuters) -- The European Central Bank on Thursday stuck to its pledge to keep money pouring into the euro zone economy for as long as needed, despite opposition from some rate setters and increased growth and inflation forecasts for the a

    December 15, 2017 02:52 am JST
  • ArcelorMittal set to form venture with Steel Authority in bid to gain India access

    MUMBAI (NewsRise) -- ArcelorMittal, the world's biggest steelmaker, is inching closer to gaining a foothold in India as state-owned Steel Authority of India's board approved a long-pending plan to form a joint venture with the company.Steel Authorit

    December 14, 2017 10:03 pm JST
  • Japan and the EU agree on a sweeping trade pact

    TOKYO Japan and the European Union wrapped up negotiations on Dec. 8 on a far-reaching economic partnership agreement set to encompass about 40% of the value of global trade.Japanese Prime Minister Shinzo Abe and European Commission President Jean-C

    December 14, 2017 10:00 am JST
  • How Bain Capital kept its nerve in the battle for Japan's ADK

    TOKYO U.S. private equity firm Bain Capital held its nerve during the tortuous progress of its friendly tender offer for Japanese advertising agency Asatsu-DK, which was sealed on Dec. 7, even as ADK executives fretted that the deal could founder.Th

    December 14, 2017 10:00 am JST
  • Michelin weighs in on Bangkok's best eats

    BANGKOK Michelin unveiled its first guide for Bangkok on Dec. 6, featuring 98 eateries serving a wide range of cuisines, from famous restaurants to local street-food stalls nestled in the city's backstreets.Bangkok is the second Southeast Asian city

    December 14, 2017 10:00 am JST
  • WTO meeting ends in stalemate after US rebukes, member vetoes

    BUENOS AIRES (Reuters) -- The World Trade Organization's biennial meeting ended in stalemate on Wednesday after U.S. criticism and member country vetoes, raising questions about the body's ability to govern increasingly disputed global trade.Ministe

    December 14, 2017 07:23 am JST
  • Ford to base Fusion production in China, ship to US: sources

    Ford Motor Co plans to consolidate global production of midsize sedans in China in 2020 and ship them to the United States and Europe, three sources said on Wednesday.In North America, the Fusion sedan currently is built in Hermosillo, Mexico, while

    December 14, 2017 06:00 am JST
  • Hyundai weighing fuel cell partnership with Fiat Chrysler: source

    SEOUL -- Hyundai Motor is considering joining hands with Fiat Chrysler Automobiles in fuel cell vehicle development, an executive with the South Korean automaker told The Nikkei Wednesday.This would mark a turning point for Hyundai, which has not pa

    December 14, 2017 01:30 am JST
  • Malaysian brands on the radar of foreign investors

    KUALA LUMPUR -- Malaysian companies have been increasingly been targeted for acquisitions and joint ventures by foreign investors looking for expansion in Southeast Asia.OldTown said in a statement on Monday it received an initial takeover offer for

    December 13, 2017 10:15 pm JST
  • Japan, US and Europe push back on China's data controls

    TOKYO -- Japan, the U.S. and Europe are increasingly challenging a wave of protectionist measures in China that could disrupt the global flow of data and threaten corporate supply chains in Asia, though Beijing shows little sign of backing down.Hiro

    December 13, 2017 06:23 am JST
  • Luxury brands lifting prices in Japan amid brisk demand

    TOKYO -- Homegrown and foreign purveyors of luxury goods are raising prices in Japan on brisk sales to inbound tourists as well as a weaker yen.British jewelry brand Graff will update pricing on almost its entire lineup here Wednesday, with certain

    December 13, 2017 04:47 am JST
  • China's JAC Motors takes on the world with Volkswagen tie-up

    BEIJING -- China's state-owned Anhui Jianghuai Automobile, better known as JAC Motors, looks to drive greater growth by graduating from its home market to the world stage with help from electric vehicles and Volkswagen.Chinese authorities approved p

    December 13, 2017 04:44 am JST
  • Institutional investors prod global companies to cut emissions

    PARIS -- A consortium of major institutional investors is calling on multinational companies to slash their greenhouse gas emissions as leaders from around the world meet here Tuesday to address climate change. A group of 224 investors with combined

    December 13, 2017 04:02 am JST
  • Uniqlo to bring semi-custom threads to the world

    TOKYO -- Japanese fast-fashion juggernaut Uniqlo plans to broaden sales of semi-made-to-order clothing around the world with the aim of accelerating growth.The Fast Retailing unit already offers made-to-measure clothing in Japan. The customer suppli

    December 13, 2017 01:48 am JST