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  • Japan's Abe calls Taiwan 'important partner'

    TOKYO -- Taiwan is "an important partner that shares Japan's values and interests," Prime Minister Shinzo Abe said Wednesday, according to a ruling party lawmaker, in the latest expression of a cozy relationship that riles China.Keisuke Suzuki, dire

    March 30, 2017 03:50 am JST
  • Japan steelmakers back in black abroad after a year of red ink

    TOKYO -- Large Japanese steelmakers are making money overseas again, enjoying higher prices as supply pressure from Chinese exports lets up. And this foreign income is gaining importance as domestic demand peaks.Nippon Steel & Sumitomo Metal will li

    March 30, 2017 03:25 am JST
  • Interview

    India's chief economic adviser sounds warning bell on China

    HONG KONG -- The rivalry between Asia's two powerhouses -- China and India -- could be one of the most hotly debated topics of our time, one that grows still more interesting through the lens of a senior government official.When asked for his view o

    March 30, 2017 03:20 am JST
  • Baltic Dry Index surges on growing Chinese freight demand

    TOKYO -- Sea freight prices are on the rise for small, medium and large bulk carriers, with the Baltic Dry Index lifting to a high last seen in November 2014 on Tuesday, thanks to robust Chinese demand for iron ore.The benchmark index hit 1,333 Tues

    March 30, 2017 02:06 am JST
  • China's BYD posts 79% profit jump for 2016

    HONG KONG -- BYD's net profit shot up more than twice as fast as its revenue last year as the Shenzhen-based Chinese automaker reaped the benefits of generous eco-car subsidies from the government.Profit grew 79% on the year in 2016 to 5.05 billion

    March 30, 2017 02:00 am JST
  • Dongfeng chairman shoots down rumor of merger with FAW

    HONG KONG -- State-owned Chinese automaker Dongfeng Motor is not considering a merger with rival FAW Group, Dongfeng Chairman Zhu Yanfeng told reporters Wednesday.Amid reform of state-owned enterprises in China, many large companies are being consol

    March 30, 2017 02:00 am JST
  • Tell us the charges or free Taiwan activist, Taipei tells Beijing

    TAIPEI/BEIJING (Reuters) -- China must specify the charges against a detained Taiwan human rights activist or release him, his wife, ruling party lawmakers and rights groups in Taiwan said on Wednesday, the latest dispute between China and an island

    March 30, 2017 01:08 am JST
  • China Communications Construction chases global dream

    HONG KONG -- Despite a slowing market at home, China Communications Construction looks closer to fulfilling its global ambitions, having landed its first infrastructure project in the European Union.The EU is known for its stringent standards for in

    March 30, 2017 12:45 am JST
  • China's Agricultural Bank cuts costs to offset weak profits

    HONG KONG -- Strained by rounds of interest rate cuts by the People's Bank of China and mounting bad debt, state-owned Agricultural Bank of China turned to aggressive cost-slashing measures to help defend its bottom line.The Beijing-based lender, th

    March 29, 2017 11:57 pm JST
  • Price spikes feared as Asian oil production drops

    SINGAPORE -- A global focus on rising oil output in the U.S. has overshadowed an important trend elsewhere in the market. Falling oil production in Asia is forecast to accelerate as major fields dry up, which will stiffen demand for foreign barrels

    March 29, 2017 07:40 pm JST
  • North Korean missile threat sparks fear, preparations in Japan

    TOKYO -- A deafening wail blared out in Oga, Akita Prefecture, in the northern part of Honshu, Japan's main island, at 9:33 a.m. on March 17. It was a siren meant to warn of an impending attack on the country.But it was only a test. The high-pitched

    March 29, 2017 07:27 pm JST
  • Hong Kong shares rise as US data boosts sentiment

    HONG KONG (NewsRise) -- Hong Kong shares headed for a second day of gains as positive U.S. economic data steered investor attention further away from the collapse of President Donald Trump's healthcare bill.The Hang Seng Index was up 0.2% by midday

    March 29, 2017 02:52 pm JST
  • New cross-alliance partnership takes off

    NEW YORK -- American Airlines said on Tuesday it will invest $200 million in China Southern Airlines, China's largest airline. The move will allow the carriers to offer passengers more routes by sharing flights, while cooperating in other areas as w

    March 29, 2017 02:00 pm JST
  • Meet the choreographers behind Xi Jinping's one-man show

    TOKYO -- In the theater, capable choreographers and stagehands help to create a powerful performance. In China's political drama, President Xi Jinping is relying on a select group of trusted aides to shape his image and cement his own power.Li Zhans

    March 29, 2017 01:00 pm JST
  • China says Taiwan man investigated for harming national security

    BEIJING/TAIPEI (Reuters) -- A Taiwan man who had gone missing in China is being investigated on suspicion of harming national security, China's government said on Wednesday, in a case that has caused alarm on the self-ruled and democratic island Bei

    March 29, 2017 12:45 pm JST
  • China's Fosun says co-founder steps down in surprise reshuffle

    HONG KONG (Reuters) -- Fosun International Ltd , one of China's most aggressively acquisitive conglomerates, said late on Tuesday that its co-founder and chief executive would step down in a broader reshuffle announced alongside annual earnings.The

    March 29, 2017 10:30 am JST
  • American Airlines takes $200mn stake in China Southern

    HONG KONG/SHANGHAI (Reuters) -- China Southern Airlines said on Tuesday it will sell a small stake to American Airlines Group Inc in a $200 million deal that will give the carriers better access to the world's two largest travel markets.China Southe

    March 29, 2017 09:20 am JST
  • China telecom firm ZTE removed from US trade blacklist

    WASHINGTON (Reuters) -- The U.S. Department of Commerce will remove Chinese telecommunications equipment maker ZTE Corp from a trade blacklist on Wednesday after the company pleaded guilty to violating sanctions on Iran and agreed to pay nearly $900

    March 29, 2017 08:45 am JST
  • China's bottomless appetite keeping iron ore prices up

    TOKYO -- Prices of iron ore remain lofty as Chinese steelworks boost Australian and other imports to meet strong demand for steel.The benchmark spot price of Australian ore with 62% iron content flirted with $100 a ton recently, standing 60% above w

    March 29, 2017 04:58 am JST
  • Toshiba memory spinoff raises tech security fears

    TOKYO -- Toshiba's plan to divest its memory chip business has Japanese corporate leaders worried that critical information technology could leak to foreign companies -- particularly those in China.Yoshimitsu Kobayashi, chairman of the Japan Associa

    March 29, 2017 04:30 am JST