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  • Edward Alden

    Trump's China deal is the worst ever

    If nothing further is done, the U.S.-China trade deal reached this month will be remembered, to quote a phrase coined by the current president of the United States, as "the single worst trade deal" ever negotiated.Instead of tackling Chinese industr

    May 22, 2018 02:00 pm JST
  • White House warns Kim not to 'play' Trump on summit

    NEW YORK/SEOUL -- U.S. President Donald Trump and Vice President Mike Pence have toughened their stance toward North Korea, casting further doubt on next month's historic meeting between Trump and North Korean leader Kim Jong Un."It would be a great

    May 22, 2018 11:12 am JST
  • Changing times: Toshiba's New York billboard goes dark

    NEW YORK -- Toshiba has pulled the plug on its long-running electronic billboard in the heart of New York's Times Square, abandoning the pricey advertising space as part of drastic cost cuts.A crew began Monday removing the uppermost sign on One Tim

    May 22, 2018 07:16 am JST
  • US shale-based LNG gushes into Asia

    TOKYO -- Liquefied natural gas originating from the U.S. is flowing into Asia at an accelerating pace, with Japan becoming the most recent country to buy the fuel under a long-term contract.Japan will begin sourcing a sizable portion of its LNG from

    May 22, 2018 06:07 am JST
  • Japanese stocks rally as ascendant dollar brings in funds

    TOKYO -- Japanese stocks are trending higher as money leaving emerging markets pours into richer economies on the back of U.S. monetary tightening.The Nikkei Stock Average on Monday climbed to 23,002, the highest since Feb. 2, in a third straight se

    May 22, 2018 04:45 am JST
  • US toughens stance on Iran, lists sweeping demands

    WASHINGTON/ANKARA (Reuters) -- The United States on Monday demanded Iranmake sweeping changes -- from dropping its nuclear program to pulling out of the Syrian civil war -- or face severe economic sanctions as the Trump administration hardened its a

    May 22, 2018 02:49 am JST
  • Japan gains help in crackdown on North Korean smugglers at sea

    TOKYO -- The Japanese government is working with Asian neighbors as well as faraway countries like Canada and the U.K. to clamp down on North Korean smuggling to ensure that United Nations sanctions continue to pressure the Pyongyang regime.To gain

    May 22, 2018 01:30 am JST
  • US Commerce chief to travel to China next week: Mnuchin

    WASHINGTON (Reuters) -- U.S. Commerce Secretary Wilbur Ross will travel to China next week to help finalize a trade agreement after Washington and Beijing reached an initial framework last week, U.S. Treasury Secretary Steven Mnuchin said on Monday.

    May 21, 2018 10:27 pm JST
  • Trump says China to buy more US farm products, offers no details

    WASHINGTON (Reuters) -- U.S. President Donald Trump on Monday said China had pledged to buy "massive amounts" of American agricultural products but gave no other details about planned commitments from Beijing following U.S.-China trade talks last we

    May 21, 2018 10:15 pm JST
  • AIT chief says Taiwan not a pawn in US-China battles

    TAIPEI (Kyodo) -- Taiwan is not a disposable pawn in what some see U.S. President Donald Trump's larger plan for winning concessions from China in areas of military and economic disagreements, Washington's de facto ambassador to Taiwan said Monday.K

    May 21, 2018 07:33 pm JST
  • US to hold off on imposing tariffs on China, Mnuchin says

    WASHINGTON -- The U.S. will put on hold its plan to impose punitive import tariffs on Chinese products as the two nations negotiate ways to reduce trade deficits, Treasury Secretary Steven Mnuchin said on Sunday."We are putting the trade war on hold

    May 21, 2018 03:53 pm JST
  • China up close

    Is Xi Jinping the scriptwriter of the Trump-Kim summit?

    TOKYO -- A Chinese diplomatic source said last week that "Xi Jinping will be the maestro of the U.S.-North Korean summit, even in absentia." It was a difficult concept to digest. That the Chinese president will be pulling the strings of the historic

    May 21, 2018 08:00 am JST
  • Google, Facebook and Amazon drive push for deep-sea cables in Asia

    TOKYO -- Half of the new undersea communication cables to be built over the next three years will connect to Asia as Google, Facebook and other big-name tech companies look to harness the region's mushrooming demand for bandwidth. Google is partic

    May 21, 2018 05:32 am JST
  • Asian-style cram schools captivate American parents

    NEW YORK -- When IBM client executive Rachel Calhoun negotiates multimillion-dollar contracts with clients, she needs to compute figures swiftly in her head because face-to-face meetings rarely allow time to whip out a calculator."I have never been

    May 20, 2018 05:51 pm JST
  • Asian drugmakers hunt Western rivals after Takeda

    TOKYO -- Takeda Pharmaceutical is pushing into the ranks of multinational drug giants with its deal for Irish peer Shire. But the 46 billion pound ($62 billion) purchase is not just about one company's ambition. It is emblematic of a larger trend, i

    May 20, 2018 12:30 pm JST
  • US and China agree to 'substantially' reduce trade deficit: statement

    WASHINGTON -- The U.S. and China issued a joint statement on Saturday regarding the two-day trade consultations that ended on Friday. The two sides agreed on "substantially" reducing the trade imbalance, but fell short of announcing a target figure.

    May 20, 2018 04:43 am JST
  • Pacific island leaders pledge action toward North Korea denuclearization

    FUKUSHIMA, Japan -- The leaders of 16 Pacific island nations and territories, as well as Japan, Australia and New Zealand, adopted a declaration at the end of a two-day summit Saturday committing to concrete action toward denuclearization of the Kor

    May 19, 2018 11:26 pm JST
  • Trump nominates Pacific commander Harris as US ambassador to Seoul

    WASHINGTON(Reuters) -- U.S. President Donald Trump on Friday nominated Admiral Harry Harris, head of the U.S. Pacific Command, as U.S. ambassador to South Korea ahead of a summit with North Korean leader Kim Jong Un scheduled next month but since ca

    May 19, 2018 07:42 am JST
  • US-China deal takes shape as negotiators hack away at imbalance

    NEW YORK -- U.S. President Donald Trump's top economic adviser said on Friday that Sino-American talks are going well on the second day of trade negotiations between the U.S. team led by Treasury Secretary Steven Mnuchin and Beijing's team led by Vi

    May 19, 2018 07:23 am JST
  • Chinese bank offers clients $150,000 chance to meet Trump

    SHANGHAI (Financial Times) -- Invitations from one of China's biggest state-owned banks asked wealthy clients to pay $150,000 for a ticket to attend a Republican party fundraiser in the US and meet President Donald Trump, according to an invitation

    May 19, 2018 06:23 am JST