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  • Deflation casting shadow on Chinese economy

    SHANGHAI -- Competition fueled by oversupply is driving wholesale prices lower and slowing consumer price growth in China. "The previous year's level was too high. That's all," National Bureau of Statistics spokesman Sheng Laiyun said Oct. 21 wh

    November 1, 2014 02:38 am JST
  • Chinese insurers learning that high yields come with high risks

    SHANGHAI -- Insurance companies in China are increasingly funneling funds into high-yield wealth management products steeped in the nation's shadow banking system, prompting regulators and credit rating agencies to warn of the potential risks. T

    November 1, 2014 01:45 am JST
  • Foreign visitors to Japan spending 40% more so far this year

    TOKYO -- International visitors to Japan spent 1.46 trillion yen ($13.2 billion) in the first nine months of 2014, up 40% on the year and surpassing the 2013 figure of 1.41 trillion yen. Average expenditures per tourist came to 158,257 yen in th

    November 1, 2014 01:08 am JST
  • Haier plans to double Southeast Asian sales in 5 years

    BANGKOK -- Chinese appliance giant Haier Group plans to roughly double Southeast Asian sales within five years from the 2013 tally to over 100 billion yen ($906 million), the chief executive of its Asian unit said Friday in Bangkok. The group wi

    November 1, 2014 12:48 am JST
  • Japanese multinationals running in marathon tax disputes

    TOKYO -- Japanese multinationals embroiled in tax disputes on profits ostensibly earned by overseas group companies have seen their cases go on for years. Resolution often requires discussions between Japanese and foreign tax authorities, and these

    October 31, 2014 07:00 pm JST
  • Asia would likely have been safe from Fed move even before BOJ acted

    HONG KONG -- Investment advisers are unanimous: The end of the U.S. Federal Reserve's extraordinary dollar-printing policy will hurt emerging equity markets. They are also united in anticipating that Asian markets are unlikely to bear the brunt of t

    October 31, 2014 05:00 pm JST
  • Australian coal hit hard by Chinese tariffs

    TOKYO -- The market for thermal coal, used for power generation, keeps cooling as major consumer China reverts to protectionism, dealing a blow to Australian producers. The benchmark spot price for Australian thermal coal stands at a five-year l

    October 31, 2014 05:43 am JST
  • Samsung's chip business helping limit pain of smartphone swoon

    SEOUL -- Samsung Electronics continues to struggle with a slowdown in its smartphone segment, but strength in its chipmaking business is cushioning the impact somewhat. The South Korean company announced Thursday that July-September operating pr

    October 31, 2014 04:08 am JST
  • Baidu having trouble getting in the groove outside China

    BEIJING -- Chinese Internet search giant Baidu has been generating more profits from smartphones as it scrambles to rely less on personal computers, but the company continues to struggle overseas. Baidu's net profit for the July-September quarte

    October 31, 2014 03:42 am JST
  • China to let foreign credit card companies build own networks

    SHANGHAI -- China has decided to open up its market for bank card payment processing to foreign players, a step the U.S. and other countries had demanded by taking the matter to the World Trade Organization. China UnionPay, formed jointly by 80

    October 31, 2014 01:00 am JST
  • Japan-US security ties serve as deterrent against China: Nye

    TOKYO -- China cannot assert regional hegemony if Japan and America unite on security, former U.S. Assistant Secretary of Defense Joseph Nye told an audience here Thursday. Nye, now a Harvard University distinguished service professor, spoke at

    October 31, 2014 12:21 am JST
  • Alibaba hoping for record sales on Singles Day

    HONG KONG -- Chinese e-commerce behemoth Alibaba is getting ready for its most important day of the year -- Singles Day. Nov. 11 marks Singles Day because the date is made up of four lonely "ones." Originally, it was only celebrated by single me

    October 30, 2014 07:00 pm JST
  • Brahma Chellaney: A broken international system?

    Three upcoming summits -- the Asia-Pacific Economic Cooperation meeting in Beijing, the annual East Asia Summit in Naypyitaw, Myanmar, and the G-20 summit in Brisbane, Australia -- will bring together a host of world leaders, including U.S. Presiden

    October 30, 2014 06:00 pm JST
  • Hong Kong tycoons still hesitant to pick sides

    HONG KONG -- About a month has passed since pro-democracy protesters first swarmed Hong Kong's major streets, and business leaders here remain conspicuously silent about the upheaval. English-language reports coming from the Chinese state media

    October 30, 2014 01:00 pm JST
  • Ex-Asean head warns of 'slow' economic integration

    BANGKOK -- Progress toward economic integration of the Association of Southeast Asian Nations will likely be slow due to a lack of strong leadership, according to Surin Pitsuwan, former secretary general of Asean and one of the architects of its pla

    October 30, 2014 01:00 pm JST
  • Hitachi lifts profit guidance on brisk infrastructure demand

    TOKYO -- Hitachi upgraded its earnings guidance for fiscal 2014 on Wednesday in light of strong demand for its information systems and infrastructure-related equipment. The Japanese conglomerate added 20 billion yen ($183 million) to the group o

    October 30, 2014 05:11 am JST
  • Fukuda, Xi's meeting signals headway in Japan-China relations

    BEIJING -- Former Japanese Prime Minister Yasuo Fukuda met Chinese President Xi Jinping here on Wednesday, the latest development in the countries' thawing bilateral relations. The two met together with other board members of the Boao Forum for

    October 30, 2014 04:10 am JST
  • Shiseido unveils initiatives to expand Chinese business

    TOKYO -- Shiseido is giving its Chinese cosmetics business a major makeover. By next spring, the cosmetics company will open a research lab in Shanghai, where it will develop products more attuned to the preferences of Chinese consumers. At the

    October 30, 2014 03:05 am JST
  • First mover in China advantage

    BANGKOK -- On June 6, CP Group Chairman Dhanin Chearavanont met Chinese President Xi Jinping in the Great Hall of the People, in Beijing, along with other attendees of the international conference of overseas Chinese. Dhanin was one of a selected fe

    October 30, 2014 12:00 am JST
  • Honesty, transparency essential to doing business in a connected world

    DALIAN, China -- Business success in the Internet age requires more than just quality products or services and effective advertising. Companies need to carefully craft brands, get noticed online, and constantly stay on top of how they are perceived,

    October 30, 2014 12:00 am JST