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  • Keith B. Richburg

    For Obama and the world, Cuba gamble holds promise of rich rewards

    President Barack Obama's dramatic Dec. 17 announcement of America's diplomatic rapprochement with Cuba, after five decades of sanctions and hostility, was a bold stroke reminiscent of President Richard Nixon's opening to China. Coming so soon after

    December 22, 2014 01:00 pm JST
  • Humphrey Hawksley

    Sony hacking crisis opens new theater in Asia-Pacific

    The war of allegations and counter-allegations over the destructive hacking of Sony Pictures Entertainment's computer system embodies a confluence of issues embedded in the opaque world of cyberconflict. What began in November as just another co

    December 22, 2014 01:00 pm JST
  • Estee Lauder's East-West strategy

    Cosmetics maker brings for-Asia lotions home to US

    NEW YORK -- Estee Lauder has encouraged its Asian units to develop cosmetics suited to the needs of women in the region. Now the U.S. company is freshening up its domestic business by selling those for-Asia products in the American market. The

    December 22, 2014 07:00 am JST
  • Obama does not consider Sony hack an act of war: CNN interview

    WASHINGTON (Reuters) -- U.S. President Barack Obama does not consider the cyber attack on Sony Corp to be an act of war, he said in an interview, remarks apparently aimed at limiting U.S. anger over the incident which Washington blames on North Kore

    December 21, 2014 10:50 pm JST
  • US says consulting UK, Australia, Japan on North Korea hack response

    Honolulu (Reuters) -- The Obama administration is consulting the UK, Australia and New Zealand, among other countries in hopes of organizing an international response to the cyberattack on Sony Pictures that it has pinned on North Korea, an administ

    December 21, 2014 12:10 pm JST
  • Global oil market

    New tug of war for dominance

    TOKYO -- Citizens in Abu Dhabi were caught off guard in November, when the government announced it would begin charging fees for water usage for first time ever starting in January 2015. The Organization of Petroleum Exporting Countries, th

    December 21, 2014 07:00 am JST
  • Cyberattack on Sony

    US to increase pressure on North Korea

    WASHINGTON (Nikkei) -- The U.S. government is poised to step up pressure on North Korea in response to what it believes was a Pyongyang-backed cyberattack on Sony Pictures Entertainment. President Barack Obama has pledged to take countermeasures

    December 21, 2014 02:00 am JST
  • The cost of growth

    Southeast Asian wages fast approaching China levels

    HANOI (Nikkei) -- Southeast Asian labor costs are surging in line with the region's relatively strong economic growth, with minimum monthly wages in Indonesia, Vietnam and Cambodia set to increase by 20-30% in 2015 from a year earlier. Minimum m

    December 21, 2014 02:00 am JST
  • Obama signs into law Marines' transfer funds, Manhattan Project plan

    WASHINGTON (Kyodo) -- President Barack Obama signed into law on Friday key defense legislation providing funds for the planned transfer of some U.S. Marines from Okinawa to Guam, and endorsing a plan to commemorate some facilities as a national park

    December 20, 2014 03:39 pm JST
  • US ties N. Korea to Sony attack, Obama says Sony made "mistake"

    WASHINGTON (Kyodo) -- The United States on Friday identified North Korea as behind the cyberattack on Sony Pictures Entertainment Inc., while President Barack Obama said Sony made a "mistake" in cancelling the release of a Pyongyang-linked film -- a

    December 20, 2014 02:31 pm JST
  • Cyberattack

    US alarm over Sony hack grows

    WASHINGTON -- The U.S. government is becoming more concerned about a cyberattack over a Sony movie depicting the assassination of North Korean leader Kim Jong Un. Sony Pictures Entertainment canceled release of the movie after the threat of terr

    December 20, 2014 08:02 am JST
  • Japan-US alliance

    Mutual defense guidelines on hold as Tokyo marks time

    TOKYO -- Japan and the U.S. have postponed the completion of new guidelines for defense cooperation because the ruling parties here are still debating how and when Japanese forces could come to the American military's aid. "We regret not meeting

    December 20, 2014 06:31 am JST
  • TUF's growth strategy

    Thai tuna king swallows another household name

    BANGKOK -- Having grown stupendously, albeit mostly unbeknownst to consumers, as a processor of canned tuna, Thai Union Frozen Products is continuing efforts to become a purveyor of name-brand fish in its own right. The world's biggest producer

    December 20, 2014 05:22 am JST
  • Line branches out

    Japanese chat app provider to buy Microsoft's music streaming service

    TOKYO -- Japanese messaging app developer Line announced Friday it will buy Microsoft's MixRadio music streaming service for an undisclosed amount. The acquisition is expected to be completed in early 2015. Line plans to launch a music streaming

    December 19, 2014 07:00 pm JST
  • Genting in NY

    Malaysian leisure giant fails in bids for U.S. casino licenses

    KUALA LUMPUR -- Genting Malaysia, a leading casino operator, said it had failed to secure gaming licenses from the New York state gaming regulator but the group did win one indirectly through its owner's privately held company. The New York Gami

    December 19, 2014 03:20 pm JST
  • Cheap oil

    Plunging prices spark cheers, jitters

    NEW YORK -- Continued slides in crude oil prices are bringing about benefits in developed economies. Cars were lined up at a gas station in Oklahoma City in the central U.S. in early December, as drivers filled up their tanks with gasoline that

    December 19, 2014 01:00 pm JST
  • Maps and apps

    China's Baidu investing in Uber to tackle mobile challenge

    BEIJING -- Chinese search engine leader Baidu has announced that it will invest in Uber Technologies, the U.S.-based provider of the Uber mobile ride-sharing app. Uber will take advantage of Baidu's mobile map and search functionality to make it

    December 19, 2014 07:21 am JST
  • Human rights

    UN urges international court trial for North Korean crimes

    UNITED NATIONS -- The General Assembly on Thursday adopted a resolution urging the Security Council to refer North Korea to the International Criminal Court for crimes against humanity. The resolution, which was sponsored by Japan and the Europe

    December 19, 2014 05:21 am JST
  • Security in Asia-Pacific

    Japan, Australia, US start new era with F-35 service agreement

    TOKYO -- The U.S. decision for Japan and Australia to host the Asia-Pacific service hubs for the F-35 stealth jets marks a new phase in their trilateral cooperation on military equipment and maintenance. "This is a meaningful development when co

    December 19, 2014 04:14 am JST
  • Leaner manufacturing

    Toyota consolidating seat production as competition mounts

    NAGOYA -- Toyota will bring the seat-making operations of four units under one roof as early as 2016 to better compete against U.S. and European rivals. Aisin Seiki, Shiroki and Toyota Auto Body, which currently make electric components, seat re

    December 19, 2014 02:28 am JST