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  • Toshiba backs off from chip plant lockout threat

    TOKYO -- Toshiba decided Tuesday not to shut partner Western Digital out of their jointly run semiconductor plants, keeping a spat over the Japanese company's memory unit from escalating while the two sides try to talk out their differences.In a let

    May 17, 2017 03:01 am JST
  • Pyongyang's hand suspected in global ransomware attack

    WASHINGTON/SEOUL -- A North Korean digital warfare cell may be behind the cyberattack that spread across the globe over the weekend, possibly aimed at disrupting society and raking in foreign currency.A researcher at Google found segments of code sh

    May 17, 2017 02:00 am JST
  • S. Korea's new president, Trump to hold talks in late June

    SEOUL (Kyodo) -- South Korea's newly elected President Moon Jae In and U.S. President Donald Trump plan to hold a summit in late June, South Korea's presidential office said Tuesday, amid growing anxiety over North Korea's nuclear and missile ambiti

    May 16, 2017 07:53 pm JST
  • Trump revealed intelligence secrets to Russians in Oval Office: US officials

    WASHINGTON (Reuters) --President Donald Trump disclosed highly classified information to Russia's foreign minister about a planned Islamic State operation, two U.S. officials said on Monday, plunging the White House into another controversy just mon

    May 16, 2017 01:32 pm JST
  • Arbitration, auditing woes endanger Toshiba turnaround

    TOKYO -- Toshiba's plan to unload its memory business has hit a potential roadblock with partner Western Digital's demand for arbitration, creating another delisting risk for the Japanese conglomerate in addition to continued friction with its audit

    May 16, 2017 08:00 am JST
  • Wall St rises with help from technology, financial, energy stocks

    NEW YORK (Reuters) -- The S&P 500 and the Nasdaq notched record closing highs on Monday, powered by demand for technology stocks after a global cyber attack and by rising oil prices.Oil rose to the highest level in more than three weeks after top ex

    May 16, 2017 06:54 am JST
  • Sharp may buy 20% of Toshiba's memory unit

    OSAKA -- Sharp is seeking a stake in Toshiba's memory business up to roughly 20% in a joint bid with its Taiwanese parent Hon Hai Precision Industry, it was learned Monday.Hon Hai, the iPhone assembler known as Foxconn, has faced concerns from the J

    May 16, 2017 06:20 am JST
  • 'TPP 11' to Washington: We'll keep your seat warm

    TOKYO -- The 11 remaining signatories to the Trans-Pacific Partnership intend to proceed without the U.S. but lay an easy path for its return, hoping to tempt Washington back to the table.The U.S. withdrew from the trade agreement in January, leavin

    May 16, 2017 05:32 am JST
  • Panasonic turns up the juice for overseas consumer electronics

    OSAKA -- Panasonic looks to boost its already solid overseas consumer electronics business, in part by integrating production and sales activities in the West as well as by manufacturing air conditioners in Vietnam.These efforts illustrate the Japan

    May 16, 2017 04:30 am JST
  • Philip Gordon

    Trump's bluff on North Korea will not work

    To the extent that Donald Trump had a case for becoming America's president and commander-in-chief, it was that his business success would position him to make better international deals for his country. The argument was that Trump as a master negot

    May 16, 2017 01:30 am JST
  • Taiwan's Inventec expects earnings boost from AI assistants

    TAIPEI -- Inventec, a Taiwanese contract electronics maker that supplies Apple's AirPods and the activity-tracking wristbands for U.S. company Fitbit, sees gadgets powered by artificial intelligence assistants, including smart speakers and smartphon

    May 16, 2017 12:41 am JST
  • MUFG to appoint its first foreign external board members

    TOKYO -- Mitsubishi UFJ Financial Group has decided to appoint Tarisa Watanagase, the former governor of the Bank of Thailand, and American lawyer Toby Myerson as its first foreign outside board members.MUFG has been expanding its overseas operation

    May 15, 2017 04:45 pm JST
  • Some businesses in Asia disrupted by cyber attack, authorities brace for more

    SINGAPORE/WASHINGTON (Reuters) -- Asian governments and businesses reported some disruptions from the WannaCry ransomware worm on Monday but cybersecurity experts warned of a wider impact as more employees turned on their computers and checked e-mai

    May 15, 2017 02:45 pm JST
  • Interview

    Volatility index creator seeks to invent new tool to measure 'ambiguity'

    HONG KONG -- One of the hottest topics being discussed in global stock markets these days is volatility -- or rather, the lack of it. The most widely quoted benchmark, the Chicago Board Options Exchange's volatility index, better known as the VIX, h

    May 15, 2017 02:00 pm JST
  • Western Digital requests court block Toshiba chip-unit sale

    TOKYO -- A dispute between Toshiba and its U.S. partner Western Digital over the planned sale of Toshiba's memory chip unit has now been taken to court.Western Digital on Sunday filed a request to the International Court of Arbitration of the Intern

    May 15, 2017 01:28 pm JST
  • Toshiba reports 950 billion yen loss in fiscal 2016

    TOKYO -- Toshiba on Monday released its unaudited full-year earnings estimates for fiscal 2016, which saw it post a net loss of 950 billion yen ($8.3 billion).The ailing electronics maker said its net loss widened by 490 billion yen from the previou

    May 15, 2017 01:10 pm JST
  • China's Xi says Belt and Road needs to reject protectionism

    BEIJING (Reuters) -- Chinese President Xi Jinping on Monday urged major multilateral institutions to join his new Belt and Road Initiative, stressing the importance of rejecting protectionism in seeking global economic growth.Addressing other world

    May 15, 2017 12:15 pm JST
  • More disruptions feared from cyber attack; Microsoft slams gov't secrecy

    WASHINGTON/FRANKFURT (Reuters) -- Officials across the globe scrambled over the weekend to catch the culprits behind a massive ransomware worm that disrupted operations at car factories, hospitals, shops and schools, while Microsoft on Sunday pinned

    May 15, 2017 10:10 am JST
  • SoftBank to invest in Andy Rubin's hardware development project

    PALO ALTO, U.S./TOKYO -- SoftBank Group plans to invest up to several hundreds of millions of dollars in a hardware development project managed by Andy Rubin, an American programmer known for his work as a developer of the Android operating system f

    May 15, 2017 09:00 am JST
  • North Korea says missile test aimed at testing carrying large nuclear warhead

    SEOUL (Reuters) -- North Korea said on Monday it had successfully conducted a newly developed mid-to-long range missile test on Sunday, supervised by leader Kim Jong Un and aimed at verifying the capability to carry a "large scale heavy nuclear warh

    May 15, 2017 08:20 am JST