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  • US puts countries with big surpluses on monitoring list

    WASHINGTON (Reuters) -- The United States on Friday flagged concerns over economic policies in China, Japan, Korea, Taiwan and Germany and put them on a new monitoring list, mostly due to their large surpluses.It is the first time the U.S. Treasury

    April 30, 2016 07:10 pm JST
  • South Korea aims to set up 'comfort women' fund as early as June

    SEOUL -- The South Korean government is negotiating with various interest groups to launch a promised support fund for wartime "comfort women," hoping to swiftly implement an agreement reached with Japan at the end of last year.Seoul plans to create

    April 30, 2016 04:22 am JST
  • North Korean midrange missile tests fail: Seoul

    SEOUL -- A pair of North Korean intermediate-range ballistic missile launches apparently failed Thursday, South Korean military sources say.A projectile thought to be a Musudan missile was fired around 6:40 a.m. near the eastern coastal city of Wons

    April 29, 2016 02:00 am JST
  • For commodities markets, the bad times are just beginning

    For the commodities market, the good times have come and gone, but the bad times are only just beginning. Each commodities supercycle, defined as a decadelong bull market, has always been followed by a downturn that lasted just as long, or longe

    April 28, 2016 12:00 pm JST
  • Samsung's profit beats forecast on strong Galaxy S7 sales

    SEOUL (Reuters)-- Tech giant Samsung Electronics Co Ltd said on Thursday that its first-quarter operating profit rose 12 percent from a year earlier, propelled by strong initial sales for its flagship Galaxy S7 smartphones.The South Korean firm also

    April 28, 2016 09:52 am JST
  • North Korea's Kim seen consolidating power at May congress

    SEOUL -- The upcoming congress of the Workers' Party of Korea has attracted much speculation, with some anticipating economic reforms and a generational change in the top ranks alongside Kim Jong Un's efforts to drive home his status as the North's

    April 28, 2016 03:43 am JST
  • New framework to facilitate mutual fund sales across Asia-Pacific

    TOKYO -- Japanese financial institutions will be able to offer mutual funds in other Asian markets without undergoing often lengthy approval procedures under a proposed region-wide legal structure. Slated to come into effect around the end of 20

    April 28, 2016 02:50 am JST
  • LG Display hit by 99% net profit plunge in January-March

    SEOUL -- LG Display said Wednesday that group net profit for the January-March quarter plunged 99% from the same period a year earlier to 2.4 billion won ($2.1 million). The major maker of liquid crystal display panels would have suffered a loss

    April 28, 2016 01:26 am JST
  • High-margin products lift Kao to glossy profit gain

    TOKYO -- Kao's net profit surged a whopping 73% on the year to 20.8 billion yen ($187 million) for the January-March quarter on recovering sales of profitable cosmetics, the Tokyo-based company said Wednesday. Sales climbed 2% on the year to 335

    April 28, 2016 12:10 am JST
  • For commodities markets, the bad times are just beginning

    BANGKOK -- For the commodities market, the good times have come and gone, but the bad times are only just beginning. Each commodities supercycle, defined as a decadelong bull market, has always been followed by a downturn that lasted just as lon

    April 27, 2016 07:30 pm JST
  • Commentary

    George Magnus: Managing Asia's debt problem

    The Bank of Japan's interest rate setting meeting on April 28 is the focus of attention this week for many central bank watchers. For the rest of us, it is of fleeting significance: There is as much likelihood of monetary policy sparking a revival o

    April 27, 2016 07:00 pm JST
  • Japan Center for Economic Research

    New ways of looking into the future of a diverse Asia

    Several socio-economic hurdles -- labor, health and education among them -- sit between Asia and its future development. These issues will have to be deeply analyzed. But therein lies another problem: Levels of economic development, social structure

    April 27, 2016 07:00 pm JST
  • Hyundai Motor profit skids 12% on China slowdown

    SEOUL -- Hyundai Motor announced Tuesday that group net profit dropped 12% on the year in the January-March quarter to 1.68 trillion won ($1.46 billion), partly due to sluggish sales in China. The fall marked the South Korean automaker's ninth s

    April 27, 2016 06:20 am JST
  • South Korean economy struggles under weight of a triple curse

    SEOUL -- The deceleration of the South Korean economy has become evident, with sluggish exports, capital investment and consumption creating formidable headwinds. Gross domestic product growth came to a measly 0.4% in the January-March quarter w

    April 27, 2016 05:54 am JST
  • Hyundai Heavy shares soar on earnings turnaround

    HONG KONG -- Hyundai Heavy Industries' stock price rebounded Tuesday on the South Korean market after the shipbuilder reported its first operating profit in 10 quarters. The stock rose 3.2% to close at 112,500 won. It peaked at 117,500 won, up 7

    April 27, 2016 01:38 am JST
  • LG Display faces pressure of Foxconn-Sharp alliance

    TAIPEI -- Hon Hai Precision Industry's aim to snatch more Apple orders with its $3.5 billion takeover of embattled Japanese electronics giant Sharp could turn the key iPhone assembler into a force to be reckoned with in the panel sector, said LG Dis

    April 26, 2016 11:00 pm JST
  • South Korea's SK Hynix suffers 66% profit fall on memory price slump

    SEOUL -- SK Hynix, a major South Korean semiconductor manufacturer, said Tuesday its group net profit plunged 66% on the year to 444 billion won ($399 million) for the January-March quarter. It blamed the slide on the protracted fall in semicon

    April 26, 2016 09:38 pm JST
  • Indian market wrap

    Shares recoup early losses as Maruti's upbeat results

    MUMBAI (NewsRise) -- Indian shares rose Tuesday, recovering from an earlier decline and outperforming regional markets, as Maruti Suzuki India's higher-than-expected revenue and margin growth sparked buying in other blue chips. The benchmark BSE

    April 26, 2016 09:10 pm JST
  • AI's mission goes beyond winning board games

    TOKYO -- Artificial intelligence has been making great progress in recent years, drawing attention not only from experts but also from the media and businesses around the world. Global tech giants and other companies are eyeing AI's huge potenti

    April 26, 2016 07:00 pm JST
  • North Korea says no plans to halt nuke tests even if US stops drills

    BEIJING (Kyodo) -- North Korea has no plans to suspend nuclear tests even if the United States stops its annual military exercises with South Korea, an aide to North Korea's foreign minister said Tuesday. "As to our proposal last year to halt nu

    April 26, 2016 03:57 pm JST