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  • Estee Lauder's East-West strategy

    Cosmetics maker brings for-Asia lotions home to US

    NEW YORK -- Estee Lauder has encouraged its Asian units to develop cosmetics suited to the needs of women in the region. Now the U.S. company is freshening up its domestic business by selling those for-Asia products in the American market. The

    December 22, 2014 07:00 am JST
  • Black gold, yellow gold

    Crude oil's slide may help India reduce precious-metal smuggling

    TOKYO -- Plunging crude oil prices are giving India a hand with its national finances. Indirectly, they may also help the country cut down on illegal gold imports. India, the world's second-largest consumer of gold after China, imposed hefty imp

    December 22, 2014 07:00 am JST
  • Gas-cooled reactors

    Japan hopes new model gives nuclear industry fresh spark

    TOKYO -- A "high-temperature gas-cooled reactor," or HTGR, which has been idle since Japan's March 2011 earthquake is set to be restarted. The Japan Atomic Energy Agency (JAEA) has applied to the Nuclear Regulation Authority for a safety review to f

    December 21, 2014 01:00 pm JST
  • US says consulting UK, Australia, Japan on North Korea hack response

    Honolulu (Reuters) -- The Obama administration is consulting the UK, Australia and New Zealand, among other countries in hopes of organizing an international response to the cyberattack on Sony Pictures that it has pinned on North Korea, an administ

    December 21, 2014 12:10 pm JST
  • The cost of growth

    Southeast Asian wages fast approaching China levels

    HANOI (Nikkei) -- Southeast Asian labor costs are surging in line with the region's relatively strong economic growth, with minimum monthly wages in Indonesia, Vietnam and Cambodia set to increase by 20-30% in 2015 from a year earlier. Minimum m

    December 21, 2014 02:00 am JST
  • China's influence campaign

    Beijing pushes 'go south' policy at Greater Mekong summit

    BANGKOK (Nikkei) -- China is steadily pushing ahead with what is seen by many as its "go south" policy aimed at forging closer relations with Southeast Asia. This push includes the planned establishment of an Asian Infrastructure Investment Bank

    December 20, 2014 11:30 pm JST
  • Record percentage of Japanese do not "feel friendly" to China, S. Korea

    TOKYO (Kyodo) -- The percentage of Japanese who "do not feel friendly" toward China and South Korea has risen to an all-time high, according to a government poll released Saturday, reflecting the continued impact of strained ties between Japan and t

    December 20, 2014 08:06 pm JST
  • Wuhan mall opening

    Aeon launches foray into China's inland cities

    WUHAN/DALIAN, China -- Tired of the fierce competition in China's coastal areas, Japanese retail giant Aeon is heading to suburbs of inland cities, aiming to beat rivals in establishing a presence and attracting families. "Aeon is committed to e

    December 20, 2014 07:00 pm JST
  • Macao is under China's full jurisdiction, Xi says

    HONG KONG (Kyodo) -- Chinese President Xi Jinping stressed Saturday China's full jurisdictional control over the special administrative region of Macao as the former Portuguese enclave celebrates its 15th anniversary of return to Chinese rule.

    December 20, 2014 03:56 pm JST
  • Japan-bound Chinese

    For many tourists, curiosity trumps politics

    Strained diplomatic ties are not preventing a growing number of Chinese tourists from seeing Japan for themselves. In November, 207,500 Chinese visited Japan, a 103% increase on the year. South Korea is also a popular choice, but an employee at

    December 20, 2014 01:00 pm JST
  • Jollibee expansion

    Philippine food group expands China presence with Dunkin' Donuts

    MANILA -- Jollibee Foods, the largest food service network in the Philippines with plans to become the largest in Asia, announced on Friday a joint venture to establish over 1,459 outlets for Dunkin' Donuts in China over the next 20 years. In a

    December 19, 2014 10:50 pm JST
  • Solar power

    China's rural poor turn sun rays into yuan

    BEIJING -- There is not much money in Anhui Province, but there is plenty of sun. "I couldn't even use a fan in the summer," said Ni Chuanjiang. "I couldn't afford to." Ni recently lost both his wife and mother to cancer. The 50-year-old has

    December 19, 2014 01:00 pm JST
  • Maps and apps

    China's Baidu investing in Uber to tackle mobile challenge

    BEIJING -- Chinese search engine leader Baidu has announced that it will invest in Uber Technologies, the U.S.-based provider of the Uber mobile ride-sharing app. Uber will take advantage of Baidu's mobile map and search functionality to make it

    December 19, 2014 07:21 am JST
  • Japan's airline industry

    Delta's cutback in capacity may lead to oligopoly

    NEW YORK -- Lower oil prices are beginning to weigh on the global economy, however there are also positive effects. The lower prices are a strong tailwind for airline companies, whose fuel costs account for about 30% of operating expenses. For D

    December 18, 2014 07:00 pm JST
  • Putin under pressure

    Beleaguered Russia faces a crossroads

    TOKYO -- Vladimir Putin's willingness to give ground and seek harmony with the West may determine not only the future of Russia but also global security down the road. Nine months after the annexation of most of the Crimean peninsula from Ukrain

    December 18, 2014 07:00 pm JST
  • Tony Tan

    Setting standards for funds passports

    Since August, investors in Malaysia, Singapore and Thailand have been allowed to buy into retail funds offered by fund managers from across ASEAN. Officials are finalizing plans for cross-border fund sales between Hong Kong and mainland China wh

    December 18, 2014 07:00 pm JST
  • Gambling in Macau

    Regulator sanguine about industry outlook

    Manuel Joaquim das Neves, director of Macau's Gaming Inspection and Coordination Bureau, has been in charge of regulating the industry since its liberalization in 2002. He discussed what lies ahead for the gaming sector in a recent interview.Q: Maca

    December 18, 2014 01:00 pm JST
  • Macau's future

    City in somber mood on 15th anniversary of handover

    HONG KONG -- Chinese President Xi Jinping will be in Macau on Dec. 20 for the 15th anniversary of the territory's return to the motherland. There will be a red-carpet welcome and endless photo calls with local grandees. But quite a few of them proba

    December 18, 2014 01:00 pm JST
  • Gloomy 2015 outlook

    Chinese corporate failures pegged to rise

    HONG KONG -- Corporate insolvencies are set to rise in China next year for the first time since 2008, according to French credit insurer Euler Hermes. Euler, which studies creditworthiness to insure companies against the risk that customers will

    December 18, 2014 01:00 pm JST
  • Synthetic fiber feedstocks

    Asian chemical prices following crude oil's slide

    TOKYO -- Prices for raw materials used to make synthetic fibers are down across the board in Asia as demand slows and users hold off on purchases in anticipation of even lower prices in the wake of crude oil's steep plunge. The East Asian spot p

    December 18, 2014 05:08 am JST