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  • Asia's venture capital firms learn Silicon Valley tricks

    BANGKOK -- On March 10, at the SXSW event in Austin, Texas, in the U.S., self-driving electric car maker NIO revealed plans to make a near-fully autonomous electric car commercially available in the U.S. by 2020, aiming at becoming one of the first

    April 23, 2017 12:00 pm JST
  • Company in focus

    Bangkok Airways explores next 'boutique' routes

    BANGKOK -- While cutting costs and frills has been the main strategy for small regional airlines in Asia's increasingly crowded skies, Thailand's Bangkok Airways has been playing a different game.Describing itself as a "boutique airline," the mid-si

    April 23, 2017 10:00 am JST
  • Mitsubishi Motors to begin engine production in China

    TOKYO -- Mitsubishi Motors will build a 10 billion yen ($92 million) plant in China to supply engines for locally built Outlander sport utility vehicles.At present, the carmaker imports engines for the SUVs from Japan. The plant will have an annual

    April 23, 2017 02:00 am JST
  • Exclusive

    KKR, public-private fund plan bid for Toshiba Memory

    TOKYO -- U.S. private equity fund Kohlberg Kravis Roberts and the public-private Innovation Network Corp. of Japan will tender a joint offer for Toshiba's memory unit that would likely put them in pole position, it was learned Friday.The team are ex

    April 22, 2017 02:11 am JST
  • Ayala chairman mentions rail, real estate overtures from China

    MANILA -- Ayala Corp. has been approached by companies from China about possible joint ventures in real estate and infrastructure -- a sign that the mainland's warming diplomatic relations with the Philippines is starting to bear economic fruit.Jaim

    April 21, 2017 11:55 pm JST
  • Fundraising plan sends i-Cable shares on roller-coaster ride

    HONG KONG -- Hong Kong's struggling pay television operator i-Cable Communications announced that white knights led by pro-China property tycoons had come to its rescue, sending its shares up nearly 18% after a sharp selloff earlier on Friday.I-Cabl

    April 21, 2017 11:45 pm JST
  • CP Indonesia lands local 7-Eleven operator for $75m

    JAKARTA -- Charoen Pokphand Indonesia, an affiliate of Thai conglomerate Charoen Pokphand Group, has struck a 1 trillion rupiah ($75 million) deal to acquire the operator of 7-Eleven convenience stores in Indonesia, aiming to shore up the struggling

    April 21, 2017 10:38 pm JST
  • India shares fall amid global uncertainty; HDFC Bank gains on earnings

    MUMBAI (NewsRise) -- Indian shares fell after a volatile trading session on Friday as uncertainty ahead of French election and slowing foreign participation prompted investors to book profits in some index heavyweights.The benchmark BSE Sensex index

    April 21, 2017 09:25 pm JST
  • L&T venture to build howitzers as Modi pushes for India manufacturing

    MUMBAI (NewsRise) -- Larsen & Toubro, India's largest engineering and construction company, and South Korea's Hanwha Techwin will jointly manufacture the latest version of self-propelled howitzers for the Indian Army as the South Asian nation steps

    April 21, 2017 08:30 pm JST
  • French election jitters drag Nikkei Asia300 Index lower this week

    SINGAPORE (Nikkei Markets) -- Asian stocks outside of Japan ended the week lower, as caution ahead of French presidential elections and worries about North Korea's nuclear ambitions damped risk appetite.The Nikkei Asia300 Index rose 0.3% to 1,162.86

    April 21, 2017 08:09 pm JST
  • Singapore, Malaysia stocks rise after Wall Street gains on Trump tax reform bets

    SINGAPORE (Nikkei Markets) -- Singapore shares edged higher and Malaysia stocks climbed to almost two-year highs on Friday, following an overnight rally on Wall Street amid renewed optimism over U.S. tax reforms.U.S. stocks rallied overnight after T

    April 21, 2017 07:32 pm JST
  • Hong Kong shares post weekly losses as regulatory woes hurt mainland markets

    HONG KONG (Nikkei Markets) -- Hong Kong shares ended lower this week, after concerns over increased regulatory scrutiny dragged mainland markets to an over two-month low.The Hang Seng Index edged 0.06% lower to 24,042.02 on Friday, extending losses

    April 21, 2017 07:22 pm JST
  • Growth separating wheat from chaff in China consumer stocks

    HONG KONG-- There is a growing split in China's consumer stocks as people in the country grow richer.The winners are those selling high-end goods such as premium baijiu liquor and home appliances. Losers include low-end food processors, whose sales

    April 21, 2017 03:58 pm JST
  • China's TCL chairman complains of US protectionism over pending tech deal

    HONG KONG (Reuters) -- China's TCL Group on Friday said U.S. protectionism is the biggest hurdle to Chinese firms going global, and that the electronics maker had been told it may not win approval in its bid to buy a U.S. technology firm."We have an

    April 21, 2017 03:40 pm JST
  • Wall Street rebound on tax reforms lifts Hong Kong shares

    HONG KONG (Nikkei Markets) -- Hong Kong shares rose as renewed hopes of U.S. tax reforms propped up indexes on Wall Street and boosted risk appetite.The Hang Seng Index was up 0.1% at 24,075.16 by midday after rising as much as 0.6% earlier. China P

    April 21, 2017 02:27 pm JST
  • India's IT companies face heaviest blow from US visa overhaul

    PALO ALTO, U.S. -- Changing a popular American visa program to favor the most skilled or highest-paid applicants could cut off a key source of cheaper labor for Indian technology services providers in the U.S. and the businesses that rely on them.Pr

    April 21, 2017 02:00 pm JST
  • Hon Hai shares at year-to-date highs

    TAIPEI -- Shares in Hon Hai Precision Industry, also known as Foxconn, are trending higher, after the world's largest electronics manufacturing service provider's earnings results significantly beat market expectations in late March. The announcemen

    April 21, 2017 12:05 pm JST
  • New Asian companies find success with a regional focus

    TOKYO/MANILA -- In Asia, entrepreneurs can "think about creating startups that are global from day one," said Ernestine Fu, venture partner at the Alsop Louie Partners. "[That] is not possible in Silicon Valley."One reason for this is that some prob

    April 21, 2017 12:00 pm JST
  • Chinese auto brands moving up the ranks at home

    SHANGHAI -- State-owned Chinese automakers are working to develop more models under their own brands in an effort to prepare for intensifying competition in the world's largest auto market.Chongqing Changan Automobile unveiled a new sport utility ve

    April 21, 2017 07:54 am JST
  • LeTV spilled first post-listing red ink in 2016

    SHANGHAI -- Leshi Internet Information & Technology, or LeTV, reported Thursday a roughly 340 million yuan ($49.4 million) operating loss for the year ended December, sliding into the red for first time since the Chinese company's 2010 listing as he

    April 21, 2017 06:40 am JST