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  • Corporate Japan could take a page from Apple's playbook

    TOKYO -- Japanese companies that have seen their stock prices languish may be able to learn from the success of Apple, whose corporate ethos appears to be anchored on rewarding shareholders. The Nikkei Stock Average has declined 5% from the end

    August 30, 2014 03:19 am JST
  • Foreign players capitalizing on China's food scares

    SHANGHAI/DALIAN, China -- Foreign food companies are rushing to the Chinese market to cash in on growing consumer concerns about the country's chronic food safety woes. The latest move saw Fonterra Co-operative Group, New Zealand's top dairy com

    August 29, 2014 01:00 pm JST
  • UN council meets on reported Russian invasion of Ukraine

    UNITED NATIONS -- The United Nations Security Council held an emergency meeting Thursday following reports that more than 1,000 Russian troops have crossed into Ukraine to support the separatists, with the U.S. envoy expressing outrage at a "crisis

    August 29, 2014 06:18 am JST
  • US trying to block corporate moves abroad to avoid taxes

    WASHINGTON -- A number of American companies are moving their headquarters to countries with lower tax rates, prompting the Obama administration to push for measures to discourage tax avoidance. Foreign subsidiaries' profits that are returned to

    August 29, 2014 03:44 am JST
  • Leading Thai seafood company fishing abroad for acquisitions

    BANGKOK -- Thai Union Frozen Products (TUF), the world's largest canned-tuna manufacturer, is mulling further brand acquisitions overseas having built a strong global presence as an original product supplier. TUF President Thiraphong Chansiri wa

    August 28, 2014 10:00 pm JST
  • U.S. growth revised upward to 4.2% in 2nd qtr on robust investment

    WASHINGTON (Kyodo) -- The U.S. economy expanded an annualized real 4.2 percent in the second quarter of 2014, revised upward from an earlier estimate of 4.0 percent, due mainly to robust corporate investment, the Commerce Department said Thursday.

    August 28, 2014 09:46 pm JST
  • US, China talk guidelines in wake of jet flyby

    WASHINGTON -- American and Chinese officials are debating new rules of military conduct, a task given greater urgency by what the U.S. describes as a close scrape with a fighter jet off the coast of China. In this, the second round of talks, the

    August 28, 2014 04:24 am JST
  • NEC to supply optical cable for new line across Pacific

    TOKYO -- NEC will supply 15,000km of optical cable as its contribution to a seven-company international consortium laying a new undersea communications line directly linking Indonesia, the Philippines and the U.S. via Guam. Scheduled for complet

    August 28, 2014 03:31 am JST
  • Stem the spread of export curbs on natural resources

    The World Trade Organization, ruling on a dispute over China's export restrictions on rare earth metals and other mineral resources, has almost entirely acknowledged the claims of Japan, the U.S. and the European Union. The final decision, published

    August 28, 2014 12:00 am JST
  • Chipmakers go 3-D to boost performance

    TOKYO -- There are limits to how small circuits can get on flat computer chips. That is why some industry players are taking their downsizing efforts to a new dimension, literally. The effort to make semiconductor devices smaller using conventio

    August 28, 2014 12:00 am JST
  • KidZania CEO sees opportunity in Asia's education ethic

    MEXICO CITY -- From Sao Paulo to Moscow, KidZania is expanding around the world. It is particularly keen to branch out in Asia, where large cities and education-minded families spell vast opportunities for the children's theme park operator. CEO

    August 28, 2014 12:00 am JST
  • Citigroup to unload Japanese retail banking business

    TOKYO -- Citigroup has decided to sell off its Japanese retail banking operations amid low interest rates that have squeezed profit at a unit reliant on individual deposits. The U.S. bank has sounded out nine or so Japanese banks, including the

    August 28, 2014 12:00 am JST
  • Western drugmakers try to shop their way out of danger

    TOKYO -- Soaring research-and-development costs are making it tougher for drugmakers to come up with fresh products. But some big Western pharmaceutical companies are finding a way to ease the burden of innovation and enhance efficiency: snapping up

    August 27, 2014 01:00 pm JST
  • Hitachi gambles on cloud tie-up with Amazon

    TOKYO -- Hitachi announced Tuesday a new strategy for its cloud computing service that includes a more in-depth partnership with Amazon.com, aiming to ride on the e-commerce giant's momentum to avoid facing it head-on. Cloud services allow clien

    August 27, 2014 02:58 am JST
  • David I. Steinberg: Myanmar -- foreign policy success, paternity and reality

    President Barack Obama claimed in a speech at West Point Military Academy on May 28 that U.S. leadership helped bring Myanmar into the international community. Progress there "could be reversed," he admitted, though adding that if the country succee

    August 26, 2014 07:00 pm JST
  • Chinese fighters intercepted U.S. aircraft in 3 more incidents: report

    WASHINGTON (Kyodo) -- Chinese military jets intercepted U.S. naval aircraft in at least three "provocative" incidents earlier this year in addition to a case Washington made public last week, a U.S. paper said Monday. The Wall Street Journal, qu

    August 26, 2014 09:37 am JST
  • Japan to create international framework for Arctic research

    TOKYO -- Japan will set up an international framework for environmental research in the Arctic from next fiscal year to gain an edge in future resources development in the region. The project will mainly focus on developing new survey and predic

    August 26, 2014 06:07 am JST
  • Anticipation of US interest rate hike fuels dollar-buying

    TOKYO -- Expectations of a U.S. interest rate hike, fed by Federal Reserve Chair Janet Yellen's speech on Friday, drove investors to buy the dollar at the start of the week here, boosting the currency to a seven-month high against the yen. The g

    August 26, 2014 04:18 am JST
  • US fears repeat of run-in with Chinese fighter jet

    WASHINGTON -- The time it took the U.S. government to reveal a close encounter between warplanes off the coast of China suggests that tensions between the two powers have reached new heights. The incident over the South China Sea occurred last T

    August 26, 2014 02:34 am JST
  • Forbes finds innovation strong in Southeast Asia

    SINGAPORE -- Two Southeast Asian companies have been ranked among the 10 most innovative in the world by Forbes magazine. In the tabulation by Forbes of the 'World's Most Innovative Companies', Unilever Indonesia, the Indonesian arm of the Anglo

    August 25, 2014 10:48 pm JST