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  • 5 years on, deadly riots still haunt Maruti Suzuki

    New Delhi -- Nearly five years after a deadly riot rocked Maruti Suzuki India's Manesar plant, convictions in a long-running court case were finally handed down earlier this month.A total of 148 workers had been arrested after the uprising took plac

    March 25, 2017 09:30 pm JST
  • Company in focus

    China's Lenovo losing bet on mobile phone diversification

    BEIJING/HONG KONG -- Chinese personal computer maker Lenovo Group has put together an impressive streak of acquisitions over the last decade. It took over IBM's PC business. It snapped up German electronics manufacturer Medion, while buying out the

    March 25, 2017 11:00 am JST
  • Investing with Chinese celebrities

    HONG KONG -- Forget corporate earnings and management strategies. Chinese investors have another game plan: Just watch where movie stars are putting their money and follow their lead.This is why Zhao Wei and Stephen Chow, who teamed up for the 2001

    March 25, 2017 09:00 am JST
  • China Mobile, domestic rivals set sights on 5G

    HONG KONG -- China's top three wireless carriers are looking toward beginning fifth-generation service around 2020, with the two smaller players hoping to narrow the gap with leader China Mobile.China Mobile said it will concentrate investment in 5G

    March 25, 2017 04:30 am JST
  • China Life's market share sinks to 20%, from 45% a decade ago

    HONG KONG -- China Life Insurance, the No. 1 player in the fast-expanding Chinese insurance market, is steadily ceding turf to newer rivals emboldened by looser rules on products and investment.Although the state-owned China Life managed to increase

    March 25, 2017 01:45 am JST
  • Dividends luring foreign investors to Hong Kong shares

    HONG KONG -- The market is taking a bullish turn as foreign investors throng to cash-rich shares here, with a massive surprise dividend hike by a state-owned coal miner spurring even more buying during the peak of earnings season.A sense that the U.

    March 25, 2017 01:30 am JST
  • Singapore's Mapletree opens first fully owned property in Vietnam

    HO CHI MINH CITY -- Singapore property developer Mapletree opened a business center this week in Ho Chi Minh City, the company's first wholly owned real estate project after 12 years in Vietnam.The 17-story, top-grade office tower is the second phas

    March 25, 2017 12:29 am JST
  • India shares rise for 2nd day as banks gain on hopes of steps to tackle bad debt

    MUMBAI (NewsRise) -- Indian shares rose for a second straight day on Friday as banks rallied after Finance Minister Arun Jaitley said the government would soon announce policy measures to address rising bad debt.The benchmark BSE Sensex index gained

    March 24, 2017 10:40 pm JST
  • Accenture earnings signal tough times ahead for Indian software exporters

    MUMBAI (NewsRise) -- U.S. consulting and outsourcing company Accenture's quarterly earnings and outlook spell bad news for India's software services exporters, as the numbers underscore that a pickup in revenue growth is unlikely for them anytime so

    March 24, 2017 10:39 pm JST
  • Nikkei Asia300 Index gains on week even as Trump jitters weigh

    HONG KONG (NewsRise) -- Asian stocks managed modest gains this week, helped by advances in heavyweights after earnings, even as uncertainty about U.S. President Donald Trump's economic policies dampened sentiment.The Nikkei Asia300 Index edged 0.02%

    March 24, 2017 10:35 pm JST
  • India shares rise for 2nd day as banks gain on hopes of steps to tackle bad debt

    MUMBAI (NewsRise) -- Indian shares rose for a second straight day on Friday as banks rallied after Finance Minister Arun Jaitley said the government would soon announce policy measures to address rising bad debt.The benchmark BSE Sensex index gained

    March 24, 2017 10:25 pm JST
  • Lenders drive Singapore's losses on week, Malaysia flat

    SINGAPORE (NewsRise) -- Singapore shares slipped this week, led by heavyweight lenders as U.S. bond yields declined amid doubts over President Donald Trump's ability to pass economic reforms.Malaysia shares ended the week little changed as buying by

    March 24, 2017 08:08 pm JST
  • Dividends help Hong Kong shares to weekly gain, Huishan dips 85% in a day

    HONG KONG (NewsRise) -- Hong Kong shares squeezed in a third weekly gain, as higher dividend payouts helped override caution surrounding U.S. President Donald Trump's economic agenda.The Hang Seng Index edged up 0.1% to 24,358.27 Friday, taking its

    March 24, 2017 08:02 pm JST
  • Singapore manufacturing continues upswing but headwinds seen

    SINGAPORE (NewsRise) -- Singapore's manufacturing output rose for the seventh straight month in February although signs the momentum could be waning tempered the outlook for the months ahead.Data released on Friday by the Singapore Economic Developm

    March 24, 2017 07:15 pm JST
  • Interest rate cap rattles Cambodia's microfinance industry

    PHNOM PENH -- A recent decision by the National Bank of Cambodia to impose an interest rate cap on loans provided by microfinance lenders has prompted fears that low-income Cambodians, who often depend on small borrowings to stay afloat, will be hit

    March 24, 2017 06:30 pm JST
  • Samsung Electronics balks at rejiggering its structure

    SEOUL -- Samsung Electronics on Friday signaled it wants to hold off on shifting to a holding company structure, dashing investors' expectations for a change many believe would boost the top smartphone maker's market value."As we expect negative eff

    March 24, 2017 04:50 pm JST
  • Indofood profit up 40% in 2016

    JAKARTA -- Indofood Sukses Makmur on Friday said net profit for 2016 increased 40% from a year earlier to 4.1 trillion rupiah ($307 million), thanks to lower raw materials prices.The big Indonesian food-maker, however, warned of rising prices ahead.

    March 24, 2017 04:48 pm JST
  • Shares of Formosa Plastics defy Taiwan's selling trend

    HONG KONG -- Shares of Formosa Plastics edged up in Taipei in Friday morning trading, defying profit-taking moves as the previous day's robust earnings results prompted buying.The shares of Taiwan's largest chemicals maker at one point rose 0.30 New

    March 24, 2017 03:31 pm JST
  • CNOOC shares rebound on surprise profit

    HONG KONG -- CNOOC shares rebounded sharply here on Friday after the big Chinese oil producer reported a profit for 2016. The market had been expecting a loss.The stock hit a high of 9.28 Hong Kong dollars, up HK$0.390, or 4.38%, from Thursday after

    March 24, 2017 03:06 pm JST
  • Hong Kong shares slip as investors watch US healthcare vote

    HONG KONG (NewsRise) -- Hong Kong shares edged lower as a delayed vote on U.S. President Donald Trump's healthcare bill revived concerns about support for his economic agenda.The Hang Seng Index fell 0.1% to 24,308.63 by midday after rising as much

    March 24, 2017 02:23 pm JST