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  • Android now powers 2bn devices, Google boasts

    PALO ALTO, U.S. -- Google's popular Android operating system has spread to 2 billion devices worldwide, with the American technology giant looking to emerging economies for the next billion.A smiling CEO Sundar Pichai announced the milestone to an a

    May 20, 2017 07:00 am JST
  • Wall St ends off session highs after fresh Russia probe reports

    NEW YORK (Reuters) -- U.S. stocks rose but closed below their session highs on renewed concerns about Donald Trump's presidency, after two new reports related to a federal investigation into possible coordination between Russia and Trump's election

    May 20, 2017 06:57 am JST
  • Gold's rise cools quickly on market optimism, risk tolerance

    TOKYO -- Gold's fear-based surge is losing momentum, as rebounding optimism for U.S. interest rate hikes and economic health overcome the political storm in Washington, while the market appears to be getting used to ongoing risk.The precious metal's

    May 20, 2017 06:12 am JST
  • Mattis: North Korea military solution would be 'tragic on an unbelievable scale'

    WASHINGTON (Reuters) -- U.S. Defense Secretary Jim Mattis said on Friday that any military solution to the North Korea crisis would be "tragic on an unbelievable scale" and said Washington was working internationally to find a diplomatic solution."W

    May 20, 2017 04:45 am JST
  • Basquiat canvas soars to record $110.5 million at Sotheby's auction

    NEW YORK (Reuters) -- A little-seen painting by Jean-Michel Basquiat that sold for $19,000 in 1984 soared to an astounding $110.5 million at Sotheby's on Thursday, the second-highest price ever for a work of contemporary art.Basquiat's vibrant, unti

    May 19, 2017 09:01 pm JST
  • Vandana Hari

    OPEC's 'whatever-it-takes' pledge may exact a high price

    The energy ministers of Saudi Arabia and Russia, the world's two biggest crude producers and de facto leaders of the 22 countries restraining output in a bid to end a three-year-old global oil glut, played their trump card on May 15. Together, they

    May 19, 2017 06:00 pm JST
  • TDK completes $1.3bn purchase of US sensor supplier

    TOKYO -- Japanese electronic parts maker TDK announced on Thursday that it has acquired US sensor company InvenSense for about $1.3 billion.TDK intends to include sensors that detect rotation and movement in its product lineup. This, it reckons, wil

    May 19, 2017 11:58 am JST
  • Four carmakers settle claims over Takata inflators for $553m

    WASHINGTON (Reuters) -- Four automakers agreed to a $553 million settlement to address class-action economic loss claims covering owners of nearly 16 million recalled vehicles with potentially defective Takata airbag inflators, according to court do

    May 19, 2017 10:52 am JST
  • T-Mobile sees benefits in merger with Sprint: CFO

    NEW YORK (Reuters) -- T-Mobile US Inc would benefit from greater scale in the industry if it were to combine with rival Sprint Corp , the chief financial officer of the No. 3 wireless carrier said at a conference on Thursday."There is a huge prize w

    May 19, 2017 09:58 am JST
  • Wall Street rebounds after steepest selloff in months

    NEW YORK (Reuters) -- Wall Street rebounded on Thursday from its biggest selloff in more than eight months with help from a move to loosen internet regulations and strong economic data.Investors were still watching Washington closely after reports t

    May 19, 2017 06:38 am JST
  • Beijing, ASEAN take step toward rules for South China Sea

    GUIYANG, China -- The Chinese government and ASEAN members agreed here Thursday on a framework for a code of conduct in the South China Sea, though without deciding its start date or legal status, an internal document obtained by The Nikkei shows.Th

    May 19, 2017 04:00 am JST
  • Bain eyes Toshiba chip bid with unit's management

    TOKYO -- U.S. private-equity firm Bain Capital will tender a bid for Toshiba's memory chip unit that would leave a substantial stake in the conglomerate's hands, it was learned Thursday.Bain would acquire at least 51% of Toshiba Memory through a spe

    May 19, 2017 02:20 am JST
  • Kubota building up Chinese construction machinery business

    OSAKA -- Kubota will boost Chinese production of mini-excavators and other small construction machinery by 50% this year, turning that country's infrastructure offensive into a win for its second-largest business.The Japanese machinery maker will st

    May 19, 2017 02:00 am JST
  • Japan on same security page with US but not South Korea

    TOKYO -- JS Izumo, Japan's aircraft carrier-like destroyer, sailed parallel to the Richard E. Byrd, a U.S. Navy supply ship off the Boso Peninsula, Chiba Prefecture, on May 1, marking the first time that the Japanese Self-Defense Forces were in posi

    May 18, 2017 07:00 pm JST
  • Scott Snyder

    Trump-Moon friction points to watch out for

    The election of the left-leaning Moon Jae-in is a confidence booster for South Korea, in terms of both the country's democratic process and the prospects for fighting endemic corruption. But it took only four days for North Korea to test an intermed

    May 18, 2017 03:40 pm JST
  • US tightens noose around North Korea

    TOKYO -- With the U.S. and North Korea locked in a dangerous face-off over Pyongyang's nuclear and missile programs, U.S. forces are poised to bring the battle to Kim Jong Un.Two aircraft carrier strike groups and a nuclear submarine have been deplo

    May 18, 2017 03:00 pm JST
  • Japan, South Korea agree to revive 'shuttle diplomacy'

    TOKYO -- Japan and South Korea on Thursday agreed to arrange a summit between their leaders in the near future, as they look to get a handle on the North Korean threat and lingering historical disagreements.Moon Hee-sang, a special envoy from Seoul,

    May 18, 2017 01:55 pm JST
  • Toyota keeps the R&D funds flowing despite an earnings dip

    NAGOYA, Japan Toyota Motor is continuing to spend heavily on research and development even as earnings decline, aiming to plant the seeds of long-term growth at a time of particularly intense competition for major automakers.Toyota expects its group

    May 18, 2017 10:00 am JST
  • How a 'troublemaker' ended up in South Korea's Blue House

    Long before taking on the title of president, Moon Jae-in was called something rather less flattering: Moonjea, Korean for "troublemaker." The nickname, given to him by childhood friends, was perhaps fitting for a boy who had been suspended from sch

    May 18, 2017 10:00 am JST
  • Trump-Moon friction points to watch out for

    The election of the left-leaning Moon Jae-in is a confidence booster for South Korea, in terms of both the country's democratic process and the prospects for fighting endemic corruption. But it took only four days for North Korea to test an intermed

    May 18, 2017 10:00 am JST