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  • Major restructuring

    Panasonic to quit making TVs in China, Mexico

    OSAKA -- Panasonic will withdraw from TV production in China and Mexico to come full circle on restructuring of an ailing segment that has continued to weigh on profits. The Japanese electronics manufacturer had announced that it would finish it

    January 31, 2015 04:08 am JST
  • Slam dunk

    Internet giant Tencent to stream American basketball games in China

    GUANGZHOU, China -- Internet services company Tencent Holdings has signed an exclusive agreement with the National Basketball Association to stream U.S. professional basketball games here. Tencent did not disclose the cost of the deal, announced

    January 31, 2015 03:31 am JST
  • Catching up to Samsung

    Apple nearly retook smartphone lead in October-December

    SILICON VALLEY -- Apple almost beat out Samsung Electronics in global smartphone shipments for the October-December quarter on strong sales of its newest models, according to a Thursday report from research firm IDC. Apple's market share increas

    January 31, 2015 01:19 am JST
  • Base fare of 24 cents

    Uber launches even cheaper options in Jakarta

    JAKARTA -- U.S.-based Uber Technologies on Friday launched another on-demand car-ride service here. The uberX service offers one of the cheapest car transportation rates in the Indonesian capital. The service allows passengers to hail drivers th

    January 30, 2015 08:00 pm JST
  • TPP talks

    Japan ready to meet US halfway on beef and pork tariffs

    TOKYO -- Japan and the U.S. are inching closer to an agreement on import tariffs on U.S. agricultural products as part of the ongoing Trans-Pacific Partnership free trade talks. An agreement between the two countries is crucial as failure to str

    January 30, 2015 07:00 pm JST
  • Not yet the bottom of the barrel?

    Speculators jump into crude oil market

    TOKYO -- Investors the world over are pouring money into the crude oil market as the commodity's price continues to tumble. International trading of U.S. oil futures contracts has climbed about 20% from the level seen at the end of November, whi

    January 30, 2015 05:02 am JST
  • Refocusing operations

    Toshiba to exit foreign TV sales, license brand

    TOKYO -- Toshiba said Thursday that it will stop developing and selling televisions overseas. In March, the Japanese electronics maker will begin licensing the Toshiba brand to Taiwan's Compal Electronics in North America. Compal will handle eve

    January 30, 2015 04:58 am JST
  • TPP talks

    Japan could cut tariff on US beef to 10%

    TOKYO -- Japan and the U.S. are negotiating a deal to lower the Japanese tariff on American beef to around 10% over a period of more than 10 years as part of the Trans-Pacific Partnership trade talks. Under the plan, the current 38.5% import tar

    January 30, 2015 03:42 am JST
  • Democratizing Myanmar

    US, Japan to help strengthen labor laws

    TOKYO -- As part of efforts to aid Myanmar's democratization, the U.S. and Japan will work together to help update the country's archaic labor laws and better safeguard workers' rights. Myanmar currently has about 20 laws covering minimum wages,

    January 30, 2015 02:31 am JST
  • UN study

    Geopolitical risks cooling investment globally

    TOKYO -- Cross-border investment sank to a five-year low in 2014 as money fled sanction-hit Russia, the increasingly unstable Middle East and North Africa, a United Nations study shows. Direct overseas investment fell 8% to $1.26 trillion last y

    January 30, 2015 01:46 am JST
  • Malaysia Airlines disappearance

    Vanished aircraft an 'accident'

    KUALA LUMPUR -- Malaysian authorities have officially classified the disappearance of Malaysia Airlines Flight MH 370 an accident, opening the way for the embattled national flag-carrier to proceed with compensation procedures. The search for th

    January 30, 2015 01:40 am JST
  • China cyber security

    U.S. businesses protest intrusive computer regulation

    Dalian -- The American Chamber of Commerce in China and 17 other U.S. business groups have sent a letter to Chinese cyber security authorities opposing new regulations that came into force late last year. Companies such as Apple, Cisco and Micro

    January 29, 2015 10:00 pm JST
  • Itsuo Toshima

    Market skeptical of Fed rates hike in June

    TOKYO -- The Federal Reserve said it would remain "patient" on raising rates, but also declared that the economy has been expanding at a "solid" pace. In a statement released Wednesday, the U.S. central bank admitted that a sharp decline in ener

    January 29, 2015 07:00 pm JST
  • McDonald's CEO Don Thompson leaving after tumultuous run

    Reuters -- McDonald's Corp, fresh off one of its worst financial years in decades, on Wednesday said Chief Executive Officer Don Thompson would leave at the end of February and be succeeded by Chief Brand Officer Steve Easterbrook. Shares in the

    January 29, 2015 01:40 pm JST
  • Big-screen appeal

    New iPhone helping Apple gain footing in China

    SILICON VALLEY/GUANGZHOU, China -- The big-screen version of Apple's iPhone has been a huge hit in China, providing the U.S. electronics giant with a stronger foothold in the world's biggest smartphone market. Apple's net profit for the October-

    January 29, 2015 04:56 am JST
  • Troubled titan

    Nintendo in earnings funk despite megahit monster games

    OSAKA -- Even as its "Yokai Watch" game series flies high, Nintendo has halved its operating profit forecast for this fiscal year in another sign that the company's business model no longer fits the changing environment. The Japanese video game

    January 29, 2015 03:52 am JST
  • Gi-Wook Shin: Finding a way forward on human rights in North Korea

    Last spring, two North Korean defectors traveled from Seoul to Stanford University to share their experiences in the North. Hosted by Stanford's Korean Students Association, the event was held to increase awareness of North Korean human rights issue

    January 29, 2015 12:00 am JST
  • For most central banks, things are getting 'easier'

    TOKYO -- A new wave of monetary relaxation has swept the world since the start of the year, with the European Central Bank the most prominent of those loosening their purse strings. There are two main drivers of the wave. Some countries are taki

    January 29, 2015 12:00 am JST
  • Terrorists aim to break coalition unity

    AMMAN -- Islamic State militants are now demanding the release of a condemned prisoner in Jordan in exchange for letting go of captive Japanese journalist Kenji Goto. The move is likely intended to fracture the international coalition against the Is

    January 29, 2015 12:00 am JST
  • George Magnus: Draghi's last throw of the dice

    The European Central Bank has finally fallen into line with its peers in the U.S., U.K. and Japan by launching its own program of quantitative easing. ECB President Mario Draghi announced Jan. 22 that the Eurosystem of the EU member states' cen

    January 29, 2015 12:00 am JST