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  • IMF cuts global growth forecasts again, cites commodity, China worries

    LIMA (Reuters) -- The International Monetary Fund cut its global growth forecasts for a second time this year on Tuesday, citing weak commodity prices and a slowdown in China and warned that policies aimed at increasing demand were needed. The F

    October 6, 2015 11:09 pm JST
  • TPP

    Vietnam-linked stocks profit from US-China power struggle

    HONG KONG -- As the recent Trans-Pacific Partnership agreement highlights the battle between Washington and Beijing for supremacy in the Asia-Pacific, traders looking to fish in these troubled waters see promise in Vietnam-related stocks. China'

    October 6, 2015 11:02 pm JST
  • 2015 Nobel

    Medical stocks gain in Hong Kong on China's prize nod

    HONG KONG -- Companies dealing in modern and traditional medicine rose on the stock market here Tuesday after a Chinese researcher was awarded the Nobel Prize in medicine. Tu Youyou, a pharmacologist at the China Academy of Chinese Medical Scien

    October 6, 2015 10:41 pm JST
  • Yuan jitters

    Hong Kong Monetary Authority says weaker currency only temporary

    TOKYO -- Market players are still skittish about China's financial markets in the wake of Beijing's gyration-inducing currency devaluation in August, but the Hong Kong Monetary Authority says the yuan is not likely to remain on a downward trajectory

    October 6, 2015 10:30 pm JST
  • 2015 Nobel

    Tu's Nobel Prize rooted in China's Project 523

    The Nobel Prize for Physiology or Medicine for 2015 was awarded to Tu Youyou for the discovery of qinghaosu, which later became known as artemisinin, and to William C. Campbell and Satoshi Omura for their discovery of a precursor of ivermectin. Both

    October 6, 2015 07:00 pm JST
  • 2015 Nobel

    Chinese media hail country's first medicine laureate

    HONG KONG -- China's state-controlled media has hailed the mainland's first Nobel Prize in Physiology or Medicine, while noting that laureate Dr. Tu Youyou previously received relatively little recognition at home. Tu's prize, for her work on th

    October 6, 2015 06:24 pm JST
  • Chinese consumers

    Online spending to rise as smartphones spread: KPMG survey

    HONG KONG -- Chinese consumers are boosting their online purchases of luxury goods as the use of smartphones spreads, according to a survey released Tuesday by global consultancy KPMG. The survey -- China's Connected Consumers 2015 -- found that

    October 6, 2015 05:43 pm JST
  • Michael Plummer

    Fighting the good fight for TPP

    Recently deceased American baseball icon Yogi Berra famously quipped, "It ain't over 'til it's over." He was not talking about trade deals but his maxim is, nonetheless, an apt expression for the Trans-Pacific Partnership process. The TPP has ex

    October 6, 2015 01:00 pm JST
  • Extraditing fugitives

    Xi's hunt for corrupt officials given help by US

    BEIJING -- Chinese authorities have been working hard to fight corruption under the initiative of President Xi Jinping. This includes a global dragnet to catch defectors. And in its latest hunt for corrupt officials, Beijing has even received cooper

    October 6, 2015 01:00 pm JST
  • Thailand tourism

    Chinese undeterred by Bangkok bombing

    BANGKOK -- In late September, Thai AirAsia, Thailand's largest no-frills carrier, went ahead with plans to launch weekly flights from U-Tapao Air Base, a military facility in the country's coastal province of Rayong, to the southern Chinese cities o

    October 6, 2015 01:00 pm JST
  • World Bank report

    Developing Asia growth to slow to 6.5% as China chill settles in

    SINGAPORE -- The World Bank expects the slowdown of the Chinese economy, though gradual, to continue to weigh on the growth of developing Asia in coming years. In its "East Asia and Pacific Economic Update" report issued Oct. 5, the bank lowered

    October 6, 2015 12:44 pm JST
  • Annual top 100

    Japanese automaker brands gain ground as VW slips downhill

    TOKYO -- Toyota Motor and other major Japanese car manufacturers advanced this year in global brand rankings by U.S. consulting company Interbrand. Toyota made sixth place, up two notches from 2014 and its strongest showing since 2008. Honda Mot

    October 6, 2015 05:36 am JST
  • 2015 Nobel

    China's first Prize in medicine seen enhancing national prestige

    BEIJING -- A Chinese scientist has been awarded this year's Nobel Prize in medicine, a feat that is certain to help China burnish its bona fides as a global powerhouse. Tu Youyou, chief professor at the China Academy of Traditional Chinese Medi

    October 6, 2015 04:23 am JST
  • TPP

    'New Silk Road' to stand as China's answer

    BEIJING -- While the Trans-Pacific Partnership meandered toward Monday's broad agreement, China was busy working on its "New Silk Road" framework to rival the U.S.-led trade pact. President Xi Jinping's "One Belt, One Road" initiative comprises

    October 6, 2015 04:16 am JST
  • TPP

    Japan trade minister sees agreement bolstering security

    ATLANTA -- The newly minted Trans-Pacific Partnership agreement will be critical in Japanese efforts to keep Chinese power in check in East Asia, strengthening rules-based economic order in the region to supplement Japan-U.S. defense ties. The b

    October 6, 2015 04:09 am JST
  • TPP

    Obama faces next battle -- against US Congress

    ATLANTA -- U.S. President Barack Obama scored a win with Monday's broad agreement on the 12-nation Trans-Pacific Partnership, seen as a potential bulwark against China. But he may face a bumpy road domestically in getting the trade pact ratified by

    October 6, 2015 03:04 am JST
  • Thinking beyond rice

    Kubota to broaden farming machinery business in Asia

    OSAKA -- Kubota plans to strengthen sales of farming machinery for corn, sugarcane and other crops in China, Thailand and Turkey, where demand is expected to grow. The major Japanese builder of rice-farming equipment will more than double its de

    October 6, 2015 02:35 am JST
  • TPP just a start

    Deal could spur momentum for Japan to strike more trade agreements

    TOKYO -- The deal for the Trans-Pacific Partnership could help Japan make headway on other regional trade pacts by persuading China and other Asian countries to open up their markets even further. Trade ministers of the 12 TPP participant countr

    October 6, 2015 01:47 am JST
  • Hong Kong equities

    Holidays a surprise boost to Macau casinos but mixed for retailers

    HONG KONG -- As China's National Day holiday week starts drawing to a close, Macau casino stocks are still going strong on unexpectedly brisk business, while Hong Kong retailers are faltering after a solid start. The Oct. 1-7 period is a peak se

    October 5, 2015 10:07 pm JST
  • Daniel Twining

    The TPP's prosperity promises

    One way to make sense of the current world is to measure the progress of rules-based order versus coercion-based disorder. The latter category includes the collapse of state structures in the Middle East at the hands of violent extremists, Russia's

    October 5, 2015 09:00 pm JST