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  • Parliamentary debate on defense

    Abe's ruling party plays up potential threats in security debate

    TOKYO -- The Japanese parliament's upper house started deliberating national security bills that would let the country's troops fight in conflicts overseas. A wide gap between the ruling Liberal Democratic Party and the main opposition Democratic Pa

    July 29, 2015 04:12 am JST
  • China worries

    Greenback gains ground as flight from emerging markets quickens

    TOKYO -- The renewed sell-off in Chinese equities has hastened an investor retreat from emerging markets and resource-rich nations, sending some of their currencies to their lowest in more than a decade. Meanwhile, this flight to safety has push

    July 29, 2015 04:00 am JST
  • Running into a wall

    Shanghai stocks unstable despite Beijing's intervention

    SHANGHAI -- Even as the government shows that it is still willing to shore up stock prices openly amid heightening concern over the economy, the recent volatility in Shanghai indicates that the efforts are starting to reach their limits. The Sha

    July 29, 2015 03:58 am JST
  • First-half sales crown

    VW knocks Toyota from perch atop global car market

    FRANKFURT, Germany -- Germany's Volkswagen became the world's biggest automaker for the first time, selling 5.04 million cars to surpass Japan's Toyota Motor in the January-June period. Strong European sales drove the company to the top, accordi

    July 29, 2015 02:17 am JST
  • Japanese carmakers stumble

    Toyota wilts on weak sales in emerging markets

    NAGOYA/TOKYO -- Toyota Motor lost its bragging rights as the world leader in group sales during the January-June half, with sales at home and in developing countries flagging for Japanese automakers overall. A booming North American market pulle

    July 29, 2015 02:17 am JST
  • Global repercussions

    Chinese economic anxieties ripple through Wall Street

    NEW YORK -- As China's stock market turmoil continues, U.S. shares are feeling the pinch. The Dow Jones Industrial Average fell for the fifth straight session Monday, hitting a low not seen in roughly six months. The index stood higher late Tues

    July 29, 2015 01:22 am JST
  • Capital spending down

    Japanese manufacturers suffer as China's economy slows

    TOKYO -- China's slowing economy, particularly the drop in capital spending, is starting to hit Japanese manufacturers' earnings. Robot maker Fanuc downgraded its fiscal 2015 earnings forecast Tuesday, expecting to fall short in the second half

    July 28, 2015 11:29 pm JST
  • Negative spiral

    China's stock market sinks as commodity prices fall

    HONG KONG -- The Shanghai stock market continued its slide Tuesday as companies in natural resources and basic materials fell amid an international downturn in commodities prices linked to China's economic slowdown. The Chinese stock market is o

    July 28, 2015 11:06 pm JST
  • Xia Le

    Renewed market turmoil shows need for new approach

    After a lull in China's equity market due to the government's unprecedented intervention, investors became agitated again on July 27 and sold shares indiscriminately. The Shanghai Composite index plunged 8.5%, its sharpest one-day slide since 2007,

    July 28, 2015 10:15 pm JST
  • E-commerce expansion

    Baidu's net profit up 3.3% in April-June

    SHANGHAI -- Chinese Web search giant Baidu said Tuesday that net profit rose 3.3% on the year to 3.66 billion yuan ($590 million) for the April-June quarter on increased use of its mobile services and advertising income gains. Sales skyrocketed

    July 28, 2015 09:58 pm JST
  • GF International

    New ETF to provide access to China A share market

    HONG KONG -- GF International Investment Management, a subsidiary of China-based GF Fund Management, is launching an exchange-traded fund that tracks the MSCI China A International Index. It will be the first ETF in Asia to track the index, accordin

    July 28, 2015 08:30 pm JST
  • The Zhengzhou model

    Chinese cities look to airports for growth

    CHENGDU, China - China is investing heavily in its high-profile "One Belt, One Road" initiative to improve intercontinental maritime and land trade routes. But inland cities like Chengdu are betting more can be done with aviation links too. The

    July 28, 2015 07:00 pm JST
  • Strong dollar reverberations

    Speculators cut their gold, oil net long positions

    TOKYO -- Investment funds and other speculative investors are pulling out of the commodity market as the strong dollar has made commodities more expensive and concern grows over China's economic slowdown. In the U.S. commodities market, speculat

    July 28, 2015 07:00 pm JST
  • Daniel Wu

    TPP progress could reinvigorate Asian togetherness

    Signs that the Trans-Pacific Partnership talks could advance to an agreement in principle by the end of the year might give new life to negotiations for an alternative regional free-trade pact. In particular, Indonesia has shown new keenness to

    July 28, 2015 05:45 pm JST
  • A bumpy ride

    The inescapable impact of Uber's expansion

    SILICON VALLEY -- Uber Technologies is adapting its ride-hailing platform into a host of new services, and everyone from regulators to competitors to companies on the fringes of the "Uber ecosystem" are feeling the effects. Depending on the mark

    July 28, 2015 05:30 pm JST
  • China stocks end lower as Beijing renews support

    HONG KONG (Reuters) -- China stocks ended lower in a volatile session on Tuesday, even as Beijing pledged to lend further support after stocks sank 8 percent in the previous session, raising concerns about financial stability in the world's second-b

    July 28, 2015 04:41 pm JST
  • China up close

    Old friends lead Xi's security team

    BEIJING -- A disquieting atmosphere gripped China earlier this month. Rumors were spreading that numerous individual investors were committing suicide after suffering heavy stock market losses. On July 8, China's stock markets were plunged into

    July 28, 2015 03:00 pm JST
  • Leveraged trading

    As China's stock markets gyrate, borrowed money gets blame

    HONG KONG -- Shanghai stocks have left investors woozy in recent weeks, surging to a seven-year high in mid-June, then plunging 30% through early July. Leveraged trading -- borrowing money to buy shares -- is widely seen as the culprit behind th

    July 28, 2015 02:10 pm JST
  • Rocky start

    Itochu's challenges in China continue

    TOKYO -- Itochu's plans for China have hit a major snag, raising further skepticism about the Japanese trading house's ambitious -- and costly -- expansion strategy. Itochu and its partner, an affiliate of China's Citic Group, attempted to purch

    July 28, 2015 01:00 pm JST
  • Nicholas Spiro

    Southeast Asia slowdown tests investors' will

    Singapore's economy has practically ground to a halt. As recently as the second half of 2014, it grew 3.75%. But a flash estimate for second-quarter gross domestic product showed the economy contracted 4.6% from the previous quarter, much worse than

    July 28, 2015 01:00 pm JST