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  • Earnings preview

    Sharp seen ending streak of Q1 losses with $134m profit

    OSAKA -- Sharp likely generated a group net profit of about 15 billion yen ($134 million) for the three months through June, a reversal from the year-earlier 27.4 billion yen loss that continues the company's recovery under Taiwanese parent Hon Hai

    July 26, 2017 02:01 am JST
  • Hong Kong rail deal prompts 'One country, one system' fears

    HONG KONG -- Hong Kong is to "lease" an area to the Chinese authorities for law enforcement at the terminus of a high-speed railway linking the territory to southern China, in a move that is seen as a breach of its governing "one country, two system

    July 26, 2017 01:20 am JST
  • HNA unveils New York-based charity as controlling shareholder

    HONG KONG -- Acquisitive Chinese outbound investor HNA Group has openly disclosed its shareholding structure for the first time amid rising concerns that Beijing's deleveraging campaign might choke lending to the company which has largely fueled its

    July 25, 2017 11:00 pm JST
  • Bharti Airtel profit plunges 75% as price war by Ambani's Jio hurts margins

    MUMBAI (NewsRise) -- Bharti Airtel, India's largest mobile phone operator, posted a 75% slump in first-quarter profit as a price war triggered by new entrant Reliance Jio continued to crush its revenue and margins.Consolidated net profit of Bharti A

    July 25, 2017 10:33 pm JST
  • Singapore Airlines' LCC arm Scoot to fly to Honolulu via Osaka

    SINGAPORE -- Singapore Airlines' low-cost arm Scoot announced on Tuesday that it will fly a new route, to Honolulu via Osaka. The route will give a new low-cost option for Japanese travelers to popular holiday destinations Hawaii and Singapore. It a

    July 25, 2017 09:45 pm JST
  • Philippine mining stocks drop as Duterte signals mineral export ban

    MANILA -- Shares in Philippine mining companies fell on Tuesday after President Rodrigo Duterte said he was considering a ban on mineral exports to promote development of related downstream industries.The mining and oil sub-index on the Philippine S

    July 25, 2017 09:41 pm JST
  • India shares end little changed on profit booking after Nifty rises to record

    MUMBAI (NewsRise) -- Indian shares ended little changed on Tuesday, retreating from record highs, as investors took profits in stocks such as Reliance Industries after the Nifty index hit the 10,000 mark for the first-time ever.The benchmark BSE Sen

    July 25, 2017 09:29 pm JST
  • Nikkei Asia300 index falls as airline, property developers decline

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan fell Tuesday, led by decline in airlines and as Hong Kong property developers slipped ahead of the start of the U.S. Federal Reserve's two-day policy review.The Nikkei Asia300 index fell 0.

    July 25, 2017 09:12 pm JST
  • Public Bank’s 2Q net profit rises 6% on higher interest income, fee

    KUALA LUMPUR (Nikkei Markets) - Public Bank, Malaysia's third-largest bank by assets, said its second quarter net profit grew 6% from a year earlier thanks to higher net interest income and fees while loan impairment allowance fell.Net profit for th

    July 25, 2017 08:43 pm JST
  • Hong Kong shares hang on to 25-month highs on HSBC jump, China flows

    HONG KONG (Nikkei Markets) -- Hong Kong shares clung to 25-month highs as heavyweight HSBC Holdings's late rally and sustained inflows from China helped offset weakness for the city's property developers.The Hang Seng Index added less than 0.1% to 2

    July 25, 2017 08:19 pm JST
  • Singapore stocks edge higher on OCBC gains; Malaysia shares little changed

    SINGAPORE (Nikkei Markets) -- Singapore shares rose Tuesday, helped by gains in Oversea-Chinese Banking Corp. ahead of earnings and after its insurance arm reported second-quarter profit more than doubled. Malaysia stocks were little changed.OCBC ad

    July 25, 2017 08:17 pm JST
  • Hong Kong shares little changed as techs advance, developers retreat

    HONG KONG (Nikkei Markets) -- Hong Kong shares were little changed, with financial and technology companies climbing amid fund flows from China while property developers treaded water before the U.S. Federal Reserve's policy review.The Hang Seng Ind

    July 25, 2017 02:38 pm JST
  • SK Hynix shares turn weak after Monday's all-time high

    HONG KONG -- Shares of SK Hynix slid on Tuesday as investors locked in profits. At one point, the share price was down 2.19% from Monday's close, at 71,400 won.Before the market opened, the South Korean chipmaker announced robust April-June results.

    July 25, 2017 02:24 pm JST
  • Chinese tech companies take the lead in battle for Southeast Asia

    SINGAPORE -- The $2 billion investment by China's Didi Chuxing and Japan's SoftBank Group into Southeast Asian riding-hailing company Grab marks a new record for venture fundraising in the region. But it may be surpassed sometime soon as Chinese tec

    July 25, 2017 11:06 am JST
  • Foxconn to double server output in China's Guizhou

    CHONGQING -- Taiwan's Hon Hai Precision Industry, the contract manufacturing titan also known as Foxconn Technology Group, will double its production of servers in the inland Chinese province of Guizhou to meet growing domestic demand driven by the

    July 25, 2017 09:51 am JST
  • Qualcomm accuses tech group of 'misdirecting' trade regulators

    Qualcomm Inc fired back in its case against Apple Inc on Monday, accusing its critics of waging a "coordinated effort aimed at misdirecting" trade regulators.Earlier this month, Qualcomm filed a complaint with the U.S. International Trade Commission

    July 25, 2017 09:36 am JST
  • Robert Wu: Bibliophile who created cultural landmark in Chinese-speaking world

    TAIPEI -- The Eslite Bookstore located on the Dunhua South Road in downtown Taipei, open 24 hours a day, has long been considered a must-visit spot for Chinese-speaking bibliophiles.The Founding Chairman Robert Wu, who passed away on July 18, was a

    July 25, 2017 09:35 am JST
  • Spring Airlines targets China's ascendant middle class

    BANGKOK -- Spring Airlines, China's largest budget carrier, is determined to meet growing demand for affordable travel -- but not necessarily by flying solo.In an interview on the sidelines of the Asia300 Global Business Forum in Bangkok recently, C

    July 25, 2017 09:00 am JST
  • Didi, SoftBank aim to encircle Uber with Grab funding

    CHONGQING -- The race to capitalize on Southeast Asia's tech-driven sharing economy is sizzling as Didi Chuxing and SoftBank Group move to push back against U.S. titan Uber Technologies in their backyard with their new $2 billion investment in Grab,

    July 25, 2017 08:00 am JST
  • Exclusive

    JAL teaming with local low-cost leader to take on Vietnam

    HANOI -- Japan Airlines will partner with Vietjet Aviation to rebuild its presence in Vietnam, joining a trend of Southeast Asian collaborations between conventional and low-cost carriers.The arrangement includes code-sharing and the ability to tran

    July 25, 2017 04:41 am JST