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  • Beefing up currency business

    Rakuten Securities to buy FXCM's Hong Kong unit

    TOKYO -- Rakuten Securities plans to purchase the Hong Kong operation of U.S. foreign exchange brokerage FXCM, acquiring its first overseas base. The deal, estimated at roughly 4 billion yen ($32 million), follows Rakuten Securities' earlier pur

    May 29, 2015 03:47 am JST
  • Path to recovery

    US, Indian economic growth seen bolstering Southeast Asia

    MANILA -- Southeast Asian economies are seen getting back on a growth track with help from the more robust U.S. and Indian economies, but as the region aims to ease its reliance on external forces, deregulation may gain momentum and help spur expans

    May 29, 2015 01:35 am JST
  • Tackling FIFA corruption

    US Justice Department plays surprisingly forward position

    VIENNA -- The corruption charges leveled against top FIFA officials mark an unprecedented scandal for soccer's world governing body, one all the more shocking because Americans are doing the leveling. "The events of yesterday have cast a long sh

    May 29, 2015 12:17 am JST
  • Recouping investment

    Cerberus reports lowered stake in Seibu

    TOKYO -- Cerberus has unloaded a roughly 10% interest in Japanese railway and hotel operator Seibu Holdings, the U.S. private-equity firm said in a filing Thursday. Its stake shrank from 35.45% to 25.59%, according to a report submitted to the K

    May 28, 2015 11:13 pm JST
  • Taiwan election

    Pro-independence presidential hopeful to seek U.S. support

    TAIPEI -- Tsai Ing-wen, chairwoman of Taiwan's main opposition party who is favored to win next January's presidential election, is heading to the U.S. on Friday to try and secure the backing of the island's most important strategic partner. Dur

    May 28, 2015 07:30 pm JST
  • Japan's first

    Riken Genesis wins US certification for human testing

    TOKYO -- Riken Genesis, a company that offers genetic analysis services, has become the first in Japan to obtain CLIA certification from the U.S. for clinical laboratory testing performed on humans. Pharmaceutical companies developing molecular-

    May 28, 2015 01:29 am JST
  • Currency manipulation accusations

    Soft yen galvanizing hard-line US opposition to TPP

    WASHINGTON -- The dollar's climb against the yen, driven by an American economic recovery and expectations for an interest rate hike, could spell trouble for a key trade bill in the U.S. Congress as legislators demand unpalatable protections against

    May 28, 2015 01:17 am JST
  • World soccer rocked by US, Swiss arrests of officials for graft

    ZURICH/NEW YORK (Reuters) -- The world's most popular sport was plunged into turmoil on Wednesday as seven powerful soccer figures were arrested on U.S. corruption charges and faced extradition from Switzerland, whose authorities also announced a cr

    May 28, 2015 12:40 am JST
  • Recall could total 34 million cars

    Takata faces high price tag for faulty air bags

    NEW YORK -- Japanese autoparts manufacturer Takata has agreed to a nationwide recall of its defective air bags in the U.S. that will cover as many as 34 million vehicles. Takata has been driven into a corner amid the negotiation and dealmaking b

    May 28, 2015 12:00 am JST
  • Smart watch features reveal Apple's analog ambitions

    TOKYO -- The Apple Watch features cutting-edge digital technology, but it is the device's analog features that offer the most intriguing glimpse of where the U.S. tech giant may be heading next. In designing the smart watch, the company poured m

    May 28, 2015 12:00 am JST
  • Familiar list of makers supplying Apple Watch parts

    TOKYO -- Which manufacturers' components and technologies can you find in the popular new Apple Watch? Analysis by Nikkei Electronics and a survey by Fomalhaut Techno Solutions show that the list is dominated by makers of Apple's iPhone parts. A

    May 28, 2015 12:00 am JST
  • Facebook courts partners and controversy with free Internet access initiative

    JAKARTA/NEW DELHI -- Facebook is tapping Asian telecommunications companies in a push to provide better Web accessibility in the region via its app and website, but it is attracting criticism along the way. With nearly 1.5 billion u

    May 28, 2015 12:00 am JST
  • Takata faces high price tag for faulty air bags

    NEW YORK -- Japanese autoparts manufacturer Takata has agreed to a nationwide recall of its defective air bags in the U.S. that will cover as many as 34 million vehicles. Takata has been driven into a corner amid the negotiation and dealmaking b

    May 28, 2015 12:00 am JST
  • Latest US charges renew fears of Chinese industrial spying

    WASHINGTON -- Recent charges against six Chinese nationals accused of stealing trade secrets from U.S. manufacturers have reignited concerns about China's involvement in economic espionage in the U.S. The case could make for some awkward moments

    May 28, 2015 12:00 am JST
  • TPP meeting ends without setting date for ministerial session

    TOKYO (Kyodo) -- Chief negotiators from countries involved in a Pacific Rim free trade initiative wrapped up their latest round of negotiations on Guam on Wednesday, without setting a date for a ministerial meeting to reach a broad agreement. Th

    May 27, 2015 10:23 pm JST
  • Washington scolds Beijing

    Tensions rise in the South China Sea

    WASHINGTON -- The U.S. and China are locked in an increasingly fierce war of words. Beijing's land reclamation on reefs in the South China Sea to build airstrips and other facilities is stoking tensions. The U.S. has declared that it will step u

    May 27, 2015 07:00 pm JST
  • China's rumor mill

    Xi ally's US travel plans trigger talk of hidden agenda

    BEIJING -- Speculation is rife over a high-ranking Chinese official's plans to visit the U.S., possibly this summer. Wang Qishan is one of the seven members of the Politburo Standing Committee, the Chinese Communist Party's top decision-mak

    May 27, 2015 07:00 pm JST
  • 'Sell in May and go away'

    Does the market maxim apply to Asia?

    TOKYO -- The adage "Sell in May and go away" is well-known among European and U.S. investors. It is based on the notion that markets turn bearish in May, and that it is best to get out before the going gets rough. Does this hold true in Asia, too? W

    May 27, 2015 07:00 pm JST
  • Belle International Holdings

    Sportswear pushes up profit for leading Chinese shoemaker

    HONG KONG -- Belle International Holdings, one of China's leading footwear and sportswear retailers listed in Hong Kong, posted a net profit of 4.76 billion yuan ($766 million) on late Tuesday for the fiscal year ended February 2015, up 8% from a ye

    May 27, 2015 01:47 pm JST
  • Japan's new defense posture

    Security law ups ante for SDF

    TOKYO -- The Abe government's legislative push to expand the scope of Self-Defense Forces operations overseas is raising international expectations for a bigger Japanese contribution to peacekeeping and humanitarian activities. But the bigger ro

    May 27, 2015 01:00 pm JST