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  • Famed Chinese scroll sets New York art world buzzing

    NEW YORK -- When collectors, dealers and aficionados from around the world gathered in March for the Asia Week New York art event, three words constantly recurred: classical Chinese art.Midway through nine-days of scrutinizing, acquiring and discuss

    April 29, 2017 03:00 pm JST
  • China's latest investment trend: Bottles of Japanese whisky

    BEIJING -- There's buzz in China about "the spirit of the craftsman." Consumers -- collectors, really, maybe even speculators -- are snapping up high-quality wares, even whisky, made by master artisans.The trend reflects many Chinese people's newfou

    April 29, 2017 01:00 pm JST
  • Asia-Pacific press freedom takes another step back

    HONG KONG -- Freedom of the press is eroding all across the globe, according to the latest findings by watchdog organization Reporters Without Borders. While relatively speaking, the Asia-Pacific region is not as bad as others, like the Middle East

    April 29, 2017 01:00 pm JST
  • US threatens North Korea, courts China

    WASHINGTON/BEIJING -- The U.S. is pushing for tougher sanctions on North Korea and has deployed military assets near and on the Korean Peninsula, while also making conciliatory gestures toward China to secure its cooperation in dealing with the rogu

    April 29, 2017 06:01 am JST
  • Chinese ride-hailer Didi raises $5.5bn from SoftBank, others

    BEIJING -- Didi Chuxing, China's top ride-hailing company, raised $5.5 billion in its latest round of funding, with Japan's SoftBank Group reportedly providing the largest contribution as it prepares for a pivot to the "internet of things."SoftBank'

    April 29, 2017 05:30 am JST
  • Mazda counts on SUVs to traverse tough US market

    TOKYO -- Mazda Motor will tackle the rugged terrain of the American market with sport utility vehicles, hoping to ensure profit growth this fiscal year.The U.S. market is presenting automakers with a host of challenges, such as slowing new-car sales

    April 29, 2017 05:15 am JST
  • Japan's Kishida urges China to expand role in North Korea issues

    NEW YORK (Kyodo) -- Japanese Foreign Minister Fumio Kishida on Friday urged China to play a greater role in reining in North Korea's nuclear and ballistic missile programs, Japanese officials said.In a meeting with Chinese Foreign Minister Wang Yi i

    April 29, 2017 04:52 am JST
  • China banks' shadow assets exceed Mexico's economy

    HONG KONG -- It may be too soon to say that glimmers of hope can be seen in the quality of Chinese bank assets, considering they have off-balance-sheet assets that are collectively larger than the world's fifteenth-largest economy.The country's six

    April 29, 2017 04:26 am JST
  • China's Belle International receives $5.82bn buyout offer

    GUANGZHOU -- China's Belle International Holdings was offered around 45.3 billion Hong Kong dollars ($5.82 billion) Friday for a buyout by Muse Holdings, a Cayman Islands-based investment fund.Under the deal, Muse Holdings would purchase of all of t

    April 29, 2017 03:30 am JST
  • Guangzhou Auto to build electric vehicle plant

    GUANGZHOU -- China's Guangzhou Automobile Group is bringing its eco-friendly car business into full swing, with plans to build a dedicated factory here and roll out new electric and plug-in hybrid vehicle models.The automaker, also known as GAC, wil

    April 29, 2017 02:00 am JST
  • Earnings preview

    Daikin seen cruising to fourth straight record annual profit

    OSAKA -- Japanese air conditioner maker Daikin Industries likely enjoyed a fourth consecutive year of record profit in the fiscal year ended March, thanks largely to robust sales in Asian emerging markets.The 230 billion yen ($2.06 billion) operatin

    April 29, 2017 02:00 am JST
  • Nippon Steel, peers not out of the woods yet

    TOKYO -- Annual results at Japan's three leading steelmakers may not look upbeat, but the companies have started on a path to recovery as higher costs get passed along to customers. The just-begun year fiscal has brought fresh risks, however.Squeeze

    April 29, 2017 02:00 am JST
  • China warns situation with North Korea at 'critical point'

    UNITED NATIONS (Reuters) -- China warned on Friday that the situation with North Korea over its nuclear and ballistic missile programs is at a "critical point" and said dialogue and negotiations are the only "practical" way to end tensions.Speaking

    April 29, 2017 12:30 am JST
  • Kavi Chongkittavorn

    ASEAN at 50: Carry on soul searching?

    The slogan of ASEAN 2017 under its Philippine chairmanship -- "Partnership for Changes, Engaging the World" -- is telling. After five decades of existence, the Association of Southeast Asian Nations continues to do what it has always done best -- so

    April 28, 2017 11:50 pm JST
  • MediaTek sees a tepid Q2 amid sluggish China smartphone demand

    TAIPEI -- MediaTek, the largest mobile chip supplier to China, on Friday posted the lowest margins in the Taiwanese company's history for the January-March period, amid ferocious market competition. It also foresees a lukewarm second quarter due to

    April 28, 2017 11:00 pm JST
  • ASEAN airs 'grave concern' over North Korea missile tests

    MANILA -- The Association of Southeast Asian Nations on Friday became the latest body to voice anxiety over rising tensions in the Korean Peninsula. In a statement, ASEAN foreign ministers expressed their "grave concern over the escalation of tensio

    April 28, 2017 05:30 pm JST
  • Hong Kong shares retreat from 21-month high amid earnings deluge

    HONG KONG (Nikkei Markets) -- Hong Kong shares pulled back from 21-month highs as investors digested a slew of earnings and mainland equities declined amid lingering concerns over increased regulatory scrutiny.The Hang Seng Index dropped 0.5% to 24,

    April 28, 2017 03:30 pm JST
  • Listed China's limp profit recovery

    SHANGHAI/GUANGZHOU -- China's listed companies are struggling to engineer a sharp profit recovery, with bottom line growth in many industries underperforming the nation's overall economic expansion.The combined net profit of some 2,900 Chinese conce

    April 28, 2017 03:00 pm JST
  • China Inc.'s swelling assets weigh on capital efficiency

    SHANGHAI -- Corporate China is failing to turn the piles of infrastructure investment and real estate assets acquired last year into profits.Total assets at listed companies as of the end of December jumped 13% from a year earlier. But net profit cl

    April 28, 2017 02:59 pm JST
  • Indofood logs 11% profit rise in Q1

    JAKARTA -- Indofood Sukses Makmur, Indonesia's largest food company, said on Friday net profit for the January-March quarter rose 11% year-on-year to 1.2 trillion rupiah ($90 million) thanks to better palm oil sales.Revenue grew 8% to 17.83 trillion

    April 28, 2017 01:48 pm JST