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  • China does 'not want to see a trade war,' Li says

    BEIJING -- Chinese Premier Li Keqiang on Wednesday said Beijing does not want a trade war with the U.S.During a news conference after the closing of the fifth session of the 12th National People's Congress in Beijing, Li said the foreign ministries

    March 15, 2017 06:06 pm JST
  • China does not want to see trade war with US - Premier Li

    BEIJING (Reuters) -- China's Premier Li Keqiang said on Wednesday that Beijing does not want to see a trade war with the United States and urged talks between both sides to achieve common ground."We do not want to see any trade war breaking out betw

    March 15, 2017 03:18 pm JST
  • Japan's carmakers take solace in home market

    TOKYO -- Japanese automakers are savoring signs of an apparent recovery in a domestic market that nevertheless has a murky outlook beyond next March. Meanwhile, they are left with uncertainty in a U.S. market now under the rhetorical siege of Presid

    March 15, 2017 03:00 pm JST
  • US to suspend premium processing service for H-1B visas

    PALO ALTO, U.S. -- The U.S. government is tightening its grip on immigration policy, dealing a blow to American tech companies.On March 3, U.S. Citizenship and Immigration Services, or USCIS, a unit of the Department of Homeland Security, said it wi

    March 15, 2017 01:50 pm JST
  • Nicholas Spiro

    Asia's emerging markets holding firm against hawkish Fed

    Is a more hawkish U.S. Federal Reserve no longer perceived by international investors to be a threat to valuations in emerging markets?The odds of a rate hike at the U.S. central bank meeting that ends Wednesday began to rise sharply from late Febru

    March 15, 2017 11:39 am JST
  • China's Anbang denies report of Kushner property investment

    NEW YORK (Reuters) -- China's Anbang Insurance Group said it is not investing in a flagship Manhattan office tower owned by the family of Jared Kushner, U.S. President Donald Trump's son-in-law and senior adviser.Anbang Insurance Group was named in

    March 15, 2017 11:33 am JST
  • Euronet Worldwide trumps Ant Financial's offer to buy MoneyGram

    U.S. electronic payments company Euronet Worldwide Inc launched a $1 billion bid for rival MoneyGram International Inc on Tuesday, arguing that its all-American deal would face less regulatory scrutiny than a lower bid by China's Ant Financial Servi

    March 15, 2017 10:40 am JST
  • Lighthizer signals US push for more access to Japan farm market

    WASHINGTON (Kyodo) -- U.S. Trade Representative-designate Robert Lighthizer indicated Tuesday that the United States will push Japan to further open its agriculture sector in envisaged bilateral negotiations."I would list, of course, Japan as being

    March 15, 2017 09:19 am JST
  • Energy drags on Wall St as oil falls further; airlines slide

    NEW YORK (Reuters) -- U.S. stocks fell on Tuesday as oil prices dropped to their lowest since November and airlines pulled industrial stocks down as a blizzard hit the U.S. Northeast.Hospital operator shares were hit after a nonpartisan research rep

    March 15, 2017 06:29 am JST
  • Japan's Topre ramping up US capacity 50%

    TOKYO -- Topre, a Japanese maker of pressed automobile components, is boosting U.S. production capacity 50% by 2020 to keep pace with demand from Japanese automakers in that market.The company will spend about 10 billion yen ($87.1 million) to expan

    March 15, 2017 06:00 am JST
  • China's top chipmaker downplays rivalry with US

    SHANGHAI --The technology sector in China is still not sophisticated enough to compete with the U.S. in the global chip market, the chairman of China's top contract chipmaker said on Tuesday."The Chinese chip sector is still very weak in its prelimi

    March 15, 2017 12:50 am JST
  • Jonathan Hillman

    Russia-India rail link could undermine Suez Canal's importance

    In early March, Iran and Azerbaijan inaugurated a short railway with far-reaching implications. A mere 10km long, the new link is one of the missing final pieces of a 17-year effort called the North-South Transport Corridor, which aims to connect Ru

    March 14, 2017 09:30 pm JST
  • Toshiba won't sell chip unit to 'politically problematic' countries

    TOKYO -- Toshiba President Satoshi Tsunakawa on Tuesday said the conglomerate will not sell its prized memory chip unit to companies in countries that have friction with Japan.Selling the chip business is a key step in the company's restructuring pl

    March 14, 2017 08:40 pm JST
  • GE Hitachi Nuclear developing new SMR with US company

    NEW YORK -- As part of its strategy to service aging nuclear plants, GE Hitachi Nuclear Energy (GEH) will develop a cutting-edge small modular reactor in cooperation with Advanced Reactor Concepts, the company said Monday.The move by GEH, owned 40%

    March 14, 2017 03:55 pm JST
  • Toshiba's offload of Westinghouse and chip unit to wipe out 30% of revenue

    TOKYO -- Toshiba announced Tuesday afternoon that it will seek to deconsolidate its U.S. subsidiary Westinghouse Electric by selling the majority of its stake in the nuclear plant maker. Combined with the sale of its memory chip unit, Toshiba's reve

    March 14, 2017 03:12 pm JST
  • Toshiba shares plunge 8% on second earnings delay

    TOKYO -- Toshiba's shares plunged more than 8% on Tuesday morning as the company said it will again postpone its quarterly earnings report for the April-December period, for up to four weeks by April 11. Investors are increasingly bracing for furthe

    March 14, 2017 12:22 pm JST
  • Japan's SBI, others invest 26.3 mln euros in Germany's solarisBank

    NEW YORK (Reuters) -- Japanese financial conglomerate SBI Holdings Inc and a subsidiary of German media company Bertelsmann SE & Co KGaA have backed Berlin-based solarisBank AG, a fully licensed startup bank that enables businesses to offer digital

    March 14, 2017 11:05 am JST
  • Mitsubishi Heavy to pay damages for faulty US nuclear plant parts

    LOS ANGELES (Kyodo) -- Mitsubishi Heavy Industries Ltd. will pay $125 million in damages for selling defective steam generators used at a U.S. nuclear plant, a utility involved said Monday.Southern California Edison, one of the three owners of San O

    March 14, 2017 09:50 am JST
  • North Korea suggests US, Seoul behind Kim Jong Nam assassination

    UNITED NATIONS -- The VX nerve agent suspected to have killed the half brother of North Korean leader Kim Jong Un could have come from the U.S. via South Korea, Pyongyang's deputy ambassador to the United Nations suggested Monday during a news confe

    March 14, 2017 07:05 am JST
  • Sparring over trade, currency sets tone for G-20 meeting

    TOKYO -- This week's meeting of the Group of 20 finance ministers and central bankers will pose a stern test of the bloc's unity on free trade as the new U.S. administration pushes the conversation in a more protectionist direction.Working-level tal

    March 14, 2017 06:45 am JST