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  • Takata seen turning over air bag, other ops to new company

    TOKYO -- Japan's Takata is considering selling all operations to a newly created company after filing for bankruptcy protection, leaving the stripped-down autoparts maker to repay creditors such as car manufacturers for expenses linked to a massive

    April 27, 2017 04:52 am JST
  • Beijing to allow majority foreign-owned auto ventures

    BEIJING -- China will raise the maximum stake of 50% that foreign companies can own in joint auto manufacturing ventures by 2025, the government said Tuesday, a move that prompted cheers abroad but apprehension at home.A development plan for the dom

    April 27, 2017 02:30 am JST
  • Taiwan DRAM maker gives pay rise to keep staff from China

    TAIPEI -- Taiwan's leading memory chipmaker Nanya Technology on Wednesday said it would give hundreds of engineers a pay rise so as to not lose them to aggressive competitors in China, including Beijing-backed Tsinghua Unigroup and Hefei Chang Xin N

    April 26, 2017 11:42 pm JST
  • Trump's No. 2 brings an olive branch to Asia

    TOKYO -- During his roughly weeklong tour of South Korea, Japan, Indonesia and Australia in late April, U.S. Vice President Mike Pence stressed to his hosts that the U.S. was not shifting its strategy in the Asia-Pacific region under its new preside

    April 26, 2017 08:00 pm JST
  • China Baowu Steel takes the lead in cutting excess capacity

    BEIJING -- China Baowu Steel Group, which was founded in late October 2016 by integrating China's two state-owned steel companies, Baosteel Group and Wuhan Iron and Steel Group, is the world's second-largest steelmaker in crude steel production. The

    April 26, 2017 07:00 pm JST
  • China recovery helps Caterpillar turn back into a winner

    NEW YORK -- Investors piled into Caterpillar stock during Tuesday trading in the U.S., heartened by signs that the construction machinery manufacturer is finally escaping the earnings doldrums. At one point, the rush pushed the share price to a leve

    April 26, 2017 04:10 pm JST
  • Hong Kong stocks climb for third day as casinos rally

    HONG KONG (Nikkei Markets) -- Hong Kong shares headed for a third day of advances as an overnight rally on Wall Street kept investor spirits high and Wynn Macau paced gains among casino stocks after reporting earnings.The Hang Seng Index added 0.6%

    April 26, 2017 02:26 pm JST
  • AFC to investigate Guangzhou fans' 'British Dogs' banner in Hong Kong

    HONG KONG (Reuters) -- Chinese side Guangzhou Evergrande face an investigation after the club's fans unfurled a banner in an Asian Champions League match on Tuesday describing Hong Kong's independence movement as "poison" and carrying the words: "An

    April 26, 2017 02:05 pm JST
  • China's first home-built aircraft carrier hits the water

    TOKYO -- China on Wednesday launched its first domestically built aircraft carrier, transferring the ship from dry dock into the water in Dalian in the morning, the state-owned Xinhua news agency reported.A launch ceremony was held at 9 a.m. at the

    April 26, 2017 12:50 pm JST
  • Netflix pries open China's gates

    NEW YORK -- Netflix has finally found a way into China, one of the few major frontiers left for the U.S. video streaming service.The company is teaming up with a unit of Baidu, the leading Chinese search engine. This is expected to help Netflix navi

    April 26, 2017 12:10 pm JST
  • China launches first domestically-built aircraft carrier

    BEIJING (Reuters) -- China on Wednesday launched its first domestically built aircraft carrier, which will join an existing one bought second-hand from the Ukraine, amid rising tensions over North Korea and worries about Beijing's assertiveness in t

    April 26, 2017 11:10 am JST
  • Xiongan zone sparks yo-yo moves in stocks

    HONG KONG -- Beijing's recent announcement of the creation of a new economic zone in the Xiongan region has resulted in a rollercoaster ride for many related stocks in Hong Kong and China, much to the chagrin of mainland authorities.The buying frenz

    April 26, 2017 09:30 am JST
  • Honda to build electric vehicles in China

    TOKYO -- Honda Motor, which plans to release an electric vehicle in the Chinese market next year, is expected to produce it locally.The Japanese carmaker aims to have a wide lineup of electric offerings, including plug-in hybrids, as China moves to

    April 26, 2017 06:42 am JST
  • Taiwan's opposition party faces uphill climb

    TAIPEI -- Taiwan's leading opposition Kuomintang faces a steep climb to recovery, diminished in the legislature and distrusted for its friendly stance toward China as it nears a May 20 vote to elect its new leader.There are about 480,000 voting memb

    April 26, 2017 05:00 am JST
  • North Korean drills, US coalition talks extend brinksmanship

    TOKYO -- North Korea and the U.S. continue to play a game of political intrigue, with the former conducting major military drills Tuesday while the latter builds an international coalition to pressure Pyongyang into giving up its nuclear program.Nor

    April 26, 2017 04:49 am JST
  • Netflix clinches licensing deal with China's iQiyi.com

    BEIJING (Reuters) -- Netflix is to introduce original content in China in a licensing deal with local video streaming service iQiyi.com, the U.S. company said on Tuesday.Netflix has struggled to break into the Chinese market, where streaming service

    April 26, 2017 03:53 am JST
  • North Korea marks military anniversary without nuclear or missile test

    SEOUL -- North Korea conducted one of its largest artillery exercises ever Tuesday to celebrate the 85th anniversary of its military, but seems to have avoided any major provocative actions like missile and nuclear tests, which had been feared. The

    April 26, 2017 02:00 am JST
  • Mainland lenders, French election propel Hong Kong shares

    HONG KONG (Nikkei Markets) -- Hong Kong shares rose to a one-month high on Tuesday as mainland lenders advanced ahead of earnings, and as optimism about the outcome of the French election resonated with global investors.The Hang Seng Index advanced

    April 25, 2017 07:35 pm JST
  • Chongqing Iron & Steel shares dive amid worries over future

    HONG KONG -- Investors dumped China's Chongqing Iron & Steel shares on the Hong Kong market Tuesday, as pessimism took hold regarding the company's restructuring efforts after it published a notice saying a creditor had requested that a court begin

    April 25, 2017 07:00 pm JST
  • Fraser Howie

    White elephant spotted near Beijing

    In ancient China, elephants roamed as far north as Beijing. President Xi Jinping seems to have taken inspiration from those same beasts in his efforts to lead a Chinese renaissance.The recently announced Xiongan New Area in Hebei Province, south of

    April 25, 2017 06:45 pm JST