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  • Tokyo stocks fall in morning amid China slowdown concerns

    TOKYO (Kyodo) -- Tokyo stocks fell on Tuesday morning as investor sentiment was stifled by fears of a Chinese economic slowdown after steep losses in Shanghai equities. The 225-issue Nikkei Stock Average shed 191.47 points, or 0.94 percent, from

    July 28, 2015 11:52 am JST
  • South Korea declares country effectively out of MERS danger

    SEOUL (Reuters) -- South Korea declared on Tuesday it is effectively out of danger from Middle East Respiratory Syndrome (MERS), more than two months after the first case was reported and began spreading in hospital settings to kill 36 people. T

    July 28, 2015 11:26 am JST
  • China stocks slump in early trade despite regulators' pledge of more support

    SHANGHAI (Reuters) -- China stocks slumped further on Tuesday morning after their worst single-day drop in more than eight years in the previous session, shrugging off Beijing's promises of more support for the market. Stock regulators said late

    July 28, 2015 10:51 am JST
  • Nouriel Roubini

    Alpha, beta, and beyond

    NEW YORK -- Even in normal times, individual and institutional investors alike have a hard time figuring out where to invest and in what. Should one invest more in advanced or emerging economies? And which ones? How does one decide when, and in what

    July 28, 2015 10:30 am JST
  • Tokyo stocks fall in early trading on China, US stock losses

    TOKYO (Kyodo) -- Tokyo stocks fell in early trading Tuesday amid concern for the Chinese and U.S. economic outlooks after equities in both countries saw declines Monday. In the first 15 minutes of trading, the 225-issue Nikkei Stock Average fell

    July 28, 2015 09:38 am JST
  • Philippine presidency

    Aquino buffs record but quiet on successor

    MANILA -- President Benigno Aquino delivered his last state of the nation address on July 27, touting economic gains and reforms on his watch but giving no hint as to who might follow him. In a familiar format for national addresses, Aquino desc

    July 28, 2015 09:28 am JST
  • Dollar in lower 123 yen range in early Tokyo trade

    TOKYO (Kyodo) -- The dollar changed hands in the lower 123 yen range in early Tokyo trading Tuesday, little changed from overnight levels in New York. At 9 a.m., the dollar fetched 123.28-29 yen compared with 123.19-29 yen in New York and 123.28

    July 28, 2015 09:16 am JST
  • Checking it twice

    Kyushu Electric conducting safety drills ahead of Sendai reactor restart

    TOKYO -- Japan's Kyushu Electric Power began drills Monday preparing workers for a large-scale accident as the No. 1 reactor at its Sendai nuclear plant waits to go back online. This is part of a general brush up of enhanced safety measures

    July 28, 2015 04:07 am JST
  • Infrastructure financing

    Japan to loan nearly $2bn for Philippine rail project

    MANILA -- The Japanese government is readying to lend some 240 billion yen ($1.94 billion), one of its biggest single outlays of development aid ever, for a railway line designed to relieve traffic congestion here in the Philippine capital. This

    July 28, 2015 04:03 am JST
  • Nikkei earnings preview

    Chinese demand seen spurring Pigeon to record first-half profit

    TOKYO -- Operating profit at Japanese baby goods maker Pigeon is seen increasing by some 20% on the year to a little over 7 billion yen ($56.1 million) for the six months through July, the most ever for the interim half. Baby bottles and other p

    July 28, 2015 03:43 am JST
  • Toward regional enforcement

    Thailand, Malaysia step up efforts to tackle Rohingya trafficking

    BANGKOK -- Human-trafficking crises in Malaysia and Thailand have come under increasing international scrutiny since the persecution of Myanmar's Rohingya Muslim minority came into the public eye beginning in April, putting intense pressure on the c

    July 28, 2015 03:18 am JST
  • Taxpayer bailout

    Taiwan to rescue troubled bullet-train operator

    TAIPEI -- Taiwan intends to rescue a debt-ridden high-speed rail operator after deciding that the entity is too important to go bankrupt. The transportation ministry and Taiwan High Speed Rail signed a financial improvement plan Monday under whi

    July 28, 2015 02:34 am JST
  • Using resources wisely

    Mitsubishi's US plant sale shows limits for midtier carmakers

    TOKYO -- Mitsubishi Motors' plan to sell its U.S. plant illustrates a trend among midtier Japanese automakers to narrow their focus geographically and by the types of vehicles they produce. The company said Monday it intends to sell its Illinois

    July 28, 2015 02:12 am JST
  • Fight shifts to upper house

    Abe reaffirms need for greater defense reach

    TOKYO -- Legislation that would broaden Japan's scope for using military force is "essential for defending our people's lives and peaceful existence," Prime Minister Shinzo Abe declared Monday as the upper house of parliament took up the controversi

    July 28, 2015 02:05 am JST
  • Nikkei earnings preview

    ANA likely soared to best April-June profit in 7 years

    TOKYO -- All Nippon Airways parent ANA Holdings is expected to report its best first-quarter operating profit in seven years thanks to rising volumes of Japan-bound passengers. Group operating profit for the three months ended June 30 is seen at

    July 28, 2015 02:00 am JST
  • Nikkei earnings preview

    Hino Motors' quarterly profit seen jumping 8% on revved-up sales

    TOKYO -- Hino Motors' operating profit likely climbed 8% on the year to 25 billion yen ($200 million) for the April-June quarter as truck sales in its home market of Japan came roaring back from previous declines. Sales likely edged up 1% to aro

    July 28, 2015 02:00 am JST
  • Big deal brewing

    Japan's Suntory mulling IPO

    TOKYO -- Suntory Holdings, one of the nation's biggest privately held companies, will consider going public as early as 2018 to pay down its bulging debt and raise growth capital, The Nikkei has learned. The company will decide as early as this

    July 28, 2015 02:00 am JST
  • Crackdown continues

    China targets Internet, NGOs with tougher legislation

    BEIJING -- China's legislature is expected to enact laws soon covering Internet activity and nongovernmental organizations that critics say will tighten the government's grip on society. "We will direct the activities of foreign NGOs in accordan

    July 28, 2015 01:48 am JST
  • More intervention needed?

    Sell-off resumes as anxiety overtakes Shanghai market

    SHANGHAI -- Volatility returned to the stock market with a vengeance, sending the Shanghai benchmark index down 8.5% Monday for the sharpest single-day decline in well over eight years. Amid deepening worries over the Chinese economy, speculatio

    July 28, 2015 01:38 am JST
  • New service line

    Sony preps cold data storage to reboot optical disc business

    TOKYO -- Sony is using its recent acquisition of U.S. startup Optical Archive to enter the field of corporate data storage and breathe new life into its optical disc business. The Japanese company plans to begin selling optical data-storage syst

    July 28, 2015 01:37 am JST