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  • Apple says to add two more R&D centres in China

    HONG KONG (Reuters) - Apple will set up two new research and development centres in Shanghai and Suzhou in China, it said in a statement in its Chinese website on Friday.Apple said it is adding the two new locations after the two previously announce

    March 18, 2017 01:01 pm JST
  • Wall St flat as banks, Amgen weigh; Adobe rallies

    NEW YORK (Reuters) -- U.S. stocks dipped on Friday as bank shares fell alongside Treasury yields while Adobe helped buoy the S&P tech sector and the Nasdaq Composite.Amgen was the largest drag on both the S&P 500 and Nasdaq, down 6.4 percent at $168

    March 18, 2017 07:19 am JST
  • Tillerson doubles down on support for THAAD missile shield

    SEOUL -- By stressing the importance of a new U.S. missile shield to be deployed in South Korea, Secretary of State Rex Tillerson sent a message Friday to the system's critics in the South as well as a disgruntled China about Washington's commitment

    March 18, 2017 06:20 am JST
  • Toshiba's trials entangle Tokyo, Washington

    TOKYO -- Fixing Toshiba has become a problem for both the Japanese and American governments, with intervention under consideration to protect valuable nuclear and chip technology as well as jobs.The two sides began feeling out the issue Thursday as

    March 18, 2017 06:15 am JST
  • US, Japan ministers agree on harm of currency volatility

    BADEN-BADEN, Germany -- U.S. Treasury Secretary Steven Mnuchin concurred with his Japanese counterpart Friday that sharp fluctuations in foreign exchange rates threaten the stability of the global economy.Mnuchin and Japan's Finance Minister Taro As

    March 18, 2017 05:50 am JST
  • Omron subsidiary to invest in US medical device company

    OSAKA -- Omron Healthcare, a medical equipment subsidiary of Japanese electronics maker Omron, said Friday that it will invest $25 million in U.S. medical device venture AliveCor.The equity stake Omron Healthcare will gain was not disclosed, but it

    March 18, 2017 04:50 am JST
  • Trump reiterates NATO support, presses Merkel on spending targets

    WASHINGTON (Reuters) -- President Donald Trump reiterated his strong support for NATO on Friday and pressed German Chancellor Angela Merkel to meet NATO's military spending target, in the first face-to-face meeting between the two leaders.The meetin

    March 18, 2017 04:31 am JST
  • Hitachi Chemical to buy regenerative-medicine company

    TOKYO -- Hitachi Chemical will purchase U.S. company PCT, a leader in regenerative medicine, the materials maker said Friday.The Japanese company already owns a 19.9% equity interest in PCT and will obtain the remaining 80.1% from parent Caladrius B

    March 18, 2017 04:20 am JST
  • Paytm launches payment app in Canada

    MUMBAI -- Paytm, the Alibaba-backed financial technology startup from India run by One97 Communications, has launched its bill-payment app in Canada as a first step in an ambitious global expansion plan."This is just the beginning," Paytm's blog sai

    March 18, 2017 02:06 am JST
  • US LNG a boon for Japan

    TOKYO -- U.S. efforts to boost liquefied natural gas and crude oil exports provide a good opportunity for Japan to break free from its dependence on the Middle East. However, it is still unclear what direction the energy policy of U.S. President Don

    March 17, 2017 12:00 pm JST
  • Tillerson arrives in South Korea for 2-day visit

    SEOUL (Kyodo) -- U.S. Secretary of State Rex Tillerson arrived in South Korea on Friday for a two-day visit aimed at discussing ways to strengthen bilateral cooperation in dealing with mounting security threats and provocations from North Korea.Till

    March 17, 2017 11:42 am JST
  • Stability of ailing Westinghouse parent Toshiba is vital: US

    WASHINGTON (Kyodo) -- U.S. Cabinet members told Japanese industry minister Hiroshige Seko on Thursday that the United States regards the fiscal stability of Toshiba Corp., the ailing parent company of Westinghouse Electric Co., as extremely importan

    March 17, 2017 09:19 am JST
  • Wall St slips with healthcare stocks, Nasdaq flat

    NEW YORK (Reuters) -- U.S. stocks slipped on Thursday pressured by healthcare shares as traders cashed in gains from one of the best performing sectors so far this year.Proposals in President Donald Trump's budget signaled higher regulatory costs fo

    March 17, 2017 06:17 am JST
  • US to dial up pressure on North Korea under new approach

    TOKYO -- U.S. Secretary of State Rex Tillerson made clear Thursday that Washington intends to ratchet up pressure on North Korea to drop its nuclear and missile development programs, promising a break from what he sees as decades of failed policy to

    March 17, 2017 05:15 am JST
  • Fed's 'gradual' hike plan boosts emerging-economy stocks

    TOKYO -- The U.S. Federal Reserve's signal favoring a moderate pace for interest rate hikes has calmed concerns about a possible exodus of funds from developing countries, lifting shares Thursday in companies with major operations in these economies

    March 17, 2017 03:44 am JST
  • Trump puts Toyota back on hot seat over US jobs

    NAGOYA, Japan -- U.S. President Donald Trump turned up the pressure again on Toyota Motor to build new American plants, a request that may prove difficult to fulfill without sacrificing its domestic production goal.In his speech to auto industry wor

    March 17, 2017 03:40 am JST
  • Japan's NTN building axle parts plant in US

    OSAKA -- Japan's NTN will build a plant in the U.S. state of Indiana in April 2018 to manufacture parts for automobile axles.The facility, which will cut and heat-treat iron for making axles, will be constructed next to an axle assembly plant slated

    March 17, 2017 02:30 am JST
  • Murata buying US power chip venture in bid to diversify

    OSAKA -- Murata Manufacturing plans to purchase American startup Arctic Sand Technologies for about 7 billion yen ($61.8 million) in a step to reduce the Japanese company's dependence on smartphone parts.The Massachusetts Institute of Technology spi

    March 17, 2017 02:00 am JST
  • Abe, Tillerson call for stronger alliance amid North Korea threat

    TOKYO -- Japanese Prime Minister Shinzo Abe and U.S. Secretary of State Rex Tillerson met in Tokyo on Thursday and confirmed that both governments will continually strengthen their alliance amid provocations from nuclear-armed North Korea. Both gove

    March 16, 2017 08:59 pm JST
  • Japan, US agree to urge North Korea to halt nuke, missile programs

    TOKYO (Kyodo) -- Japanese Foreign Minister Fumio Kishida and U.S. Secretary of State Rex Tillerson agreed Thursday to strongly urge North Korea to abandon its nuclear and missile development programs."We shared the view that North Korea's nuclear an

    March 16, 2017 04:12 pm JST