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  • IMF could be based in Beijing in a decade-Lagarde

    WASHINGTON (Reuters) -- The International Monetary Fund could be based in Beijing in a decade if growth trends for China and other big emerging markets continue and these are reflected in the Fund's voting structure, IMF Managing Director Christine

    July 25, 2017 11:28 am JST
  • Qualcomm accuses tech group of 'misdirecting' trade regulators

    Qualcomm Inc fired back in its case against Apple Inc on Monday, accusing its critics of waging a "coordinated effort aimed at misdirecting" trade regulators.Earlier this month, Qualcomm filed a complaint with the U.S. International Trade Commission

    July 25, 2017 09:36 am JST
  • Tokyo-Okinawa row over US base relocation returns to court

    TOKYO -- Okinawa filed a lawsuit Monday to block the contentious relocation of a U.S. military base, reigniting a legal battle in which the central government so far has held the upper hand.Tokyo has been working to move the Futenma air station from

    July 25, 2017 07:09 am JST
  • Trump son-in-law details contacts with Russians, denies collusion

    WASHINGTON (Reuters) -- Jared Kushner, President Donald Trump's son-in-law and a senior White House adviser, told Senate investigators on Monday he had met with Russian officials four times last year but said he did not collude with Moscow to influe

    July 25, 2017 07:06 am JST
  • Chinese crude steel output hit record in January-June

    TOKYO -- China produced a record amount of crude steel in the first half of this year amid brisk investments in real estate and public works.But observers around the world are increasingly worried that a slowdown in the Chinese economy and import re

    July 25, 2017 06:40 am JST
  • Nasdaq, tech shine as earnings pick up; Dow, S&P lag

    NEW YORK (Reuters) -- The Nasdaq hit a record high on Monday ahead of a big week of technology earnings reports, while the S&P 500 and the Dow industrials lagged behind as losses in healthcare heavyweight Johnson & Johnson took a toll.The major U.S.

    July 25, 2017 05:39 am JST
  • Tokyo leads in global patent filings

    TOKYO -- Inventors and companies based in the Tokyo-Yokohama metropolitan area filed the most international patent applications in the five years through 2015, surpassing technology hubs in the U.S. and China.The World Intellectual Property Organiza

    July 25, 2017 04:16 am JST
  • Japan develops stronger appetite for US rice

    TOKYO -- Japanese imports of American rice are sharply increasing due to higher prices for homegrown varieties used by restaurants, a result of government measures to prop up domestic rice prices by reducing supplies.Japan caps imports of foreign ri

    July 25, 2017 03:23 am JST
  • Chinese jets intercept US surveillance plane - US officials

    WASHINGTON (Reuters) -- Two Chinese fighter jets intercepted a U.S. Navy surveillance plane over the East China Sea over the weekend, with one coming within about 300 feet (91 meters) of the American aircraft, two U.S. officials told Reuters on Mond

    July 25, 2017 12:52 am JST
  • George Magnus

    US and China are letting slip the dogs of trade wars

    When U.S. President Donald Trump took office in January, many people thought the harsh trade rhetoric emanating from the White House and his top advisers meant that a trade war with China might be imminent. It did not materialize. Six months on, how

    July 24, 2017 05:30 pm JST
  • Vandana Hari

    OPEC needs clearly defined endgame to tame oil glut

    The biggest problem with last November's landmark agreement among OPEC and some major non-OPEC oil producers to reduce output is that it lacks a clearly defined measure of success. The world's inventory overhang has persisted through the first six m

    July 24, 2017 04:19 pm JST
  • IMF maintains global growth forecasts; China, eurozone revised higher

    KUALA LUMPUR (Reuters) -- The International Monetary Fund kept its growth forecasts for the world economy unchanged for this year and next, although it revised up growth expectations for the eurozone and China.In an updated World Economic Outlook pu

    July 24, 2017 03:27 pm JST
  • Collapse of 'safe-haven asset' bubble looms

    TOKYO -- Monetary easing by central banks around the world has now reached a turning point, causing a stir among pension funds and other investors who have so far rushed to bonds and stocks in pursuit of slight returns.With the bubble in prices for

    July 24, 2017 01:45 pm JST
  • Where now for Uber icon Kalanick?

    TOKYO -- Travis Kalanick, founder of ride-hailing service Uber Technologies, stepped down as CEO in June. Investors had urged him to go after a string of scandals hit the business -- from allegations of sexual harassment and patent infringement to h

    July 24, 2017 11:44 am JST
  • Rakuten enlisting Chinese help to challenge Airbnb

    TOKYO -- Fresh from announcing its entry into Japan's home-sharing market, e-commerce giant Rakuten plans to join forces with China's Tujia in hopes of winning more customers.Chinese, who constitute around a quarter of all foreign visitors to Japan,

    July 23, 2017 05:00 pm JST
  • Company in focus

    Hyundai Motor confronts twin crises in China, US

    SEOUL/SHANGHAI -- "We'll give you an additional discount of 7,000 yuan ($1,035) on top of the 20,000 yuan," salesman Zhao Wenxi told a potential customer in mid-July at a Shanghai dealership of South Korea's Hyundai Motor.The popular Tucson SUV mode

    July 23, 2017 12:00 pm JST
  • Celebrated chef's cooking rooted in communal kitchen in India

    NEW YORK -- Vikas Khanna doesn't consider himself an "ambassador" of Indian culture.The founder of the Michelin star-winning New York restaurant Junoon says such a title is more fitting for dignitaries like Indian Prime Minister Narendra Modi, whom

    July 23, 2017 06:30 am JST
  • Sharp, Foxconn go all in on TV production in US

    OSAKA -- Sharp and Hon Hai Precision Industry will build a plant to assemble big-screen televisions in the U.S., expanding plans for local production that already include a liquid crystal display factory.The Japanese electronics maker and its Taiwan

    July 22, 2017 05:44 am JST
  • Wall St dips as GE, energy shares weigh

    NEW YORK (Reuters) -- U.S. stocks ticked lower on Friday as weak earnings from industrial giant General Electric weighed, while tech shares retreated from record highs and energy tracked the price of oil lower.GE shares fell 2.9 percent to $25.91 an

    July 22, 2017 05:35 am JST
  • Spicer out, Scaramucci in as Trump seeks to fix image

    WASHINGTON (Reuters) -- White House spokesman Sean Spicer resigned on Friday, ending a brief and turbulent tenure that made him a household name, amid further upheaval within President Donald Trump's inner circle.While not a surprise, Spicer's depar

    July 22, 2017 05:28 am JST