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  • Standard Chartered swings back to annual profit of $409mn

    LONDON (Reuters) -- Standard Chartered swung back to a full-year annual profit for 2016, the emerging markets-focused lender reported on Friday, as it pared back costs from chief executive Bill Winters's restructuring program.StanChart made a statut

    February 24, 2017 07:30 pm JST
  • Nicholas Spiro

    Asia's investors turn blind eye to risk of Le Pen victory

    Investors in Asia's emerging economies could be forgiven for downplaying European political risk.In the month following Britain's shock vote last June to leave the European Union, the main stock market indices of Indonesia, India and Malaysia rose 7

    February 24, 2017 11:40 am JST
  • France's PSA plots takeover offensive on stellar earnings

    PARIS -- Buoyed by strong financial results, French automaker PSA Group is actively pursuing acquisitions that would boost its profile in Europe and beyond, including potential deals for General Motors' German unit Opel and Malaysian automaker Proto

    February 24, 2017 03:27 am JST
  • India's Bharti Airtel to buy Telenor's local business

    NEW DELHI/BANGKOK -- Bharti Airtel, India's largest telecom operator, on Thursday announced it has reached an agreement to buy the Indian operations of Norway's Telenor, a move that will bolster Airtel's position in the face of stiff competition fro

    February 23, 2017 11:15 pm JST
  • Malaysia's IHH Healthcare hit by one-off costs

    KUALA LUMPUR -- IHH Healthcare, Asia's largest hospital operator by market capitalization, said on Thursday net profit for the fiscal year ended Dec. 31 dropped 34% to 612.4 million ringgit ($137.6 million).Revenue grew 19% to 10 billion ringgit, dr

    February 23, 2017 09:30 pm JST
  • What will life after Ghosn mean for Nissan?

    TOKYO -- Nissan Motor is speeding into the unknown, now that longtime leader Carlos Ghosn has announced his resignation as CEO.Ghosn joined the automaker in 1999, when it was on the brink of collapse, and engineered a dramatic turnaround. Though he

    February 23, 2017 07:40 pm JST
  • Interview

    'Work to be done' at alliance level -- Ghosn

    YOKOHAMA, Japan -- With the auto industry consolidating, much needs to be done in terms of coordinating the alliance, Nissan Motor's Carlos Ghosn told The Nikkei during an interview Thursday morning at the company's headquarters, after it was announ

    February 23, 2017 03:21 pm JST
  • China leads demand in a complex nuclear industry

    TOKYO One major driving force behind the expansion of Toshiba's nuclear power plant business is the growing demand for electricity in Asia.According to the World Nuclear Association, 99 of 447 nuclear power plants operating in the world are in the U

    February 23, 2017 10:00 am JST
  • Celltrion's cancer biosimilar approved in Europe

    SEOUL -- South Korean biopharmaceutical company Celltrion has received the green light to sell a leukemia treatment in Europe.The company announced the approval by the European Medicines Agency on Wednesday. Truxima is a biosimilar, or generic versi

    February 23, 2017 07:20 am JST
  • NASA discovers solar system of 7 Earth-sized planets

    WASHINGTON -- NASA has reported the discovery of seven Earth-sized worlds revolving around a dwarf star 39 light years away, some of which may contain water and possibly life outside this solar system.The findings, from the U.S. space agency's joint

    February 23, 2017 05:30 am JST
  • Japan's Nidec to quintuple press machine output

    OSAKA -- Motor manufacturer Nidec, shoring up its industrial machinery business, plans to build three press machine factories in Spain and the U.S.With an eye on growing demand for high-tensile steel used in automobiles, the Kyoto-based company will

    February 23, 2017 04:00 am JST
  • US Treasury chief tells IMF he expects 'frank and candid' forex analysis

    WASHINGTON (Reuters) -- U.S. Treasury Secretary Steven Mnuchin told International Monetary Fund Managing Director Christine Lagarde on Tuesday that he expects the IMF to provide "frank and candid" analysis of exchange rate policies, a Treasury spoke

    February 22, 2017 08:44 am JST
  • Praise for late Russian ambassador at UN, and row over tribute

    UNITED NATIONS -- U.N. Security Council diplomats mourned the sudden death of their Russian colleague Tuesday, observing a moment of silence and sharing statements of tribute before heading into a contentious debate on conflicts in Europe.Vitaly Chu

    February 22, 2017 07:30 am JST
  • Toray sets sights on auto industry in carbon fiber offensive

    TOKYO -- Toray Industries is planning a major expansion of its carbon fiber business over the next few years, including spending more than 20 billion yen ($176 million) to boost production of automobile components.Inside and outThe Tokyo-based compa

    February 22, 2017 05:45 am JST
  • Middle Eastern airlines shifting focus from expansion to efficiency

    DOHA / LONDON -- After years of rapid global expansion, major Middle Eastern airlines are now beginning to recalibrate their business strategies in the face of a gloomy profit outlook.As overcapacity and growing competition from low-cost rivals in l

    February 21, 2017 03:00 pm JST
  • HSBC's 2016 pre-tax profit slumps 62%, sets new $1bn share buyback

    HONG KONG (Reuters) -- HSBC Holdings reported a 62 percent slump in annual pre-tax profit that fell way short of analysts' estimates due to one-time charges related to some businesses, and announced a new $1 billion share buy-back.Europe's biggest b

    February 21, 2017 02:30 pm JST
  • Nippon Yusen to ferry farm-fresh goods to Europe by sea

    TOKYO -- Marine shipping company Nippon Yusen will carry fresh Japanese agricultural goods to Europe in special containers for a tenth the price of air freight, in a move likely to bring needed business to ocean transport operations.The shipper plan

    February 21, 2017 06:00 am JST
  • Polish woman becomes first foreign female pro shogi player in Japan

    TOKYO (Kyodo) --A Polish woman has become the first foreign female professional player of the chess-like Japanese board game shogi after her victory in a match Monday boosted her ranking.Karolina Styczynska, a 25-year-old native of Warsaw who is att

    February 20, 2017 07:57 pm JST
  • Investor money surging back into emerging markets

    LONDON -- Investors around the world are increasingly buying emerging market stocks and bonds as a pickup in the global economy has relieved earlier pessimism over U.S. President Donald Trump's protectionist policies.According to EPFR Global, which

    February 20, 2017 06:55 pm JST
  • Kraft withdraws offer to merge with Unilever

    U.S. food company Kraft Heinz Co withdrew its proposal for a $143-billion merger with larger rival Unilever Plc, the companies said on Sunday, raising questions about Kraft's next steps and whether it could turn its focus to another target.Kraft had

    February 20, 2017 04:55 am JST