Trends

Baosteel's new Zhanjiang plant.

China's steel production hikes threaten industry recovery

TOKYO -- China's steelmakers are raising output once again as price increases promise higher profit, threatening to derail the sector's recovery and hindering Beijing's attempts to rid the industry of loss-making enterprises.Baoshan Iron & Steel pare...

  • India's red-hot IPO market primed for bigger bets

    MUMBAI (NewsRise) -- Indian stocks may be struggling to regain momentum, but one segment of the market has been in top form: initial public offerings.An array of offers in the so-far untapped high-growth sectors such as healthcare is luring both fore...

  • Temptation to rig hides in shadows of soccer gambling

    TOKYO -- Everywhere in the world, sport is inseparable from gambling. The problem is this bond often entails the temptation to cheat. Match-fixing remains a serious concern in sport today, even with a vast monitoring network in place, most notably in...

  • The risks, rewards of long-serving Japanese CEOs

    TOKYO -- Japanese companies typically announce their boardroom reshuffles in April and May, at the same time as they announce their earnings for the just-ended fiscal year. 2016 is shaping up to be no different, but some of the most surprising news s...

  • Discount stores multiplying in Japan

    TOKYO -- Japanese discount chains are broadening their footprint as they seek to capture budget-minded consumers living in an age of stagnant wages and economic uncertainty.Starting this fiscal year, casual clothing retailer Shimamura aims to launch ...

  • Security services to keep eye on short-term home rentals in Japan

    TOKYO -- Two security companies here are readying services to help homeowners who rent to travelers, a practice seen as key to easing shortages of lodging as foreign visitors to Japan swell.Sohgo Security Services, or Alsok, will launch its services ...

  • Google Chrome edges Microsoft in browser market

    SILICON VALLEY -- Google's Chrome unseated Microsoft's rival products as the world's most popular internet browser in April, data by U.S. market research firm Net Applications shows.Chrome commanded a 41.66% share in the global browser market, while ...

  • New wearable devices a boon for medical monitoring

    TOKYO -- Medical device companies here in Japan and abroad are introducing wearable devices that can monitor patients' vital signs, with the advancements supporting quicker and more responsive medical treatment.Teijin Frontier, an Osaka-based subsidi...

  • Foreign operators battle for Asian airports amid privatization wave

    TOKYO -- Competition for Asian airports is heating up as privatization offers new opportunities, with experienced European airport operators seeking a bigger slice of an $80 billion market.Kansai Airports, a consortium led by Japanese rental company ...

  • Is Leicester's 5,000-1 upset the greatest sporting shock?

    LONDON (Reuters) -- At the start of the English football season last August, bookmakers in Britain were offering odds of 5,000-1 against Leicester City winning the Premier League.5,000-1? Now, let's put that into perspective.The bookies offered odds ...

  • Amazing Leicester celebrate fairytale title success

    LONDON (Reuters) -- Leicester City's Premier League title dream became reality on Monday as their only remaining challengers Tottenham Hotspur drew 2-2 at Chelsea to complete one of the greatest ever sporting achievements.The result provoked an outpo...

  • Listed Chinese companies suffer first profit drop since 2008

    SHANGHAI -- Publicly traded companies in China saw net profit dip in 2015 for the first time since the global financial crisis hit in 2008, as a wide range of businesses from resources to home appliances struggled amid the country's economic slowdown...

  • Japan exporters stand to take nearly $10bn hit from rising yen

    TOKYO -- The yen's sharp appreciation threatens to undercut profits at major Japanese exporters by more than 1 trillion yen ($9.37 billion) this fiscal year, outweighing any benefits of a stronger home currency for some companies, estimates by The Ni...

  • Japan car sales climb for first time in over a year

    TOKYO -- Japanese sales of new automobiles rose 1.6% on the year in April for the first growth in 16 months, even as tax hikes continued to weigh on minicars.The total came to 324,748 vehicles, according to figures from two industry associations.Sale...

  • Southeast Asian telecoms star in video streaming war

    JAKARTA -- More than three months after launching its video streaming service in Indonesia, U.S. based Netflix is still unable to access more than 150 million mobile phone subscribers of Telekomunikasi Indonesia, or Telkom, the state-owned telecommun...

  • Multinationals under fire for tax avoidance

    TOKYO -- Revelations in last month's Panama Papers scandal brought widespread condemnation of companies and individuals using offshore companies to hide their profits from the prying eyes of the taxman.But for many, the scandal merely revealed the ti...

  • Australian confirms his identity as Bitcoin creator -- BBC

    SYDNEY (Reuters) -- Australian tech entrepreneur Craig Wright told the BBC on Monday he was the creator of controversial digital currency bitcoin, ending years of speculation about a person who until now has gone by the name of Satoshi Nakamoto.The B...

  • Carriers seek a way out as Manila airport bursts at the seams

    MANILA -- Delays have become the norm at the overburdened international airport here as it struggles to keep up with surging traffic, leading many frustrated carriers to consider shifting focus to other Philippine airports.Flights rarely stay on sche...

  • Fair prospects ahead for men's grooming in India

    NEW DELHI -- For Amit Sexena, a leisurely hair cut at his local air-conditioned salon is a bimonthly ritual which he follows up with a head massage and a face wash. But this is just the start of the 32-year-old property salesman's grooming requiremen...

  • Cafe culture sprouting in Myanmar

    YANGON -- A recent wave of foreign coffee chains opening shops in Myanmar is changing the local food culture, giving many in the Southeast Asian country a new look at the brew. And for some, cafes are more than just a place to get a cup of joe.In Mar...