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  • China urges Taiwan to open itself to more mainland investment

    BEIJING -- China's minister of industry and information technology on Saturday urged Taiwan to be more open to mainland investment. He said this would strengthen ties and put the two sides on a path toward unification."We are very open to investment

    March 11, 2017 11:21 pm JST
  • Gunze plans exit from Taiwanese touch-screen film ops

    OSAKA -- Gunze will end its Taiwanese touch-panel film operation by the end of September, as the Japanese textile group waves the white flag after nine years amid growing price competition from newcomers.The multinational intends to rebuild earnings

    March 11, 2017 12:31 am JST
  • Double Dip Asia300

    Earnings gloom aside, Asia Inc. is positioned for growth

    HONG KONG -- Don't start fretting just yet. Even though Asia's leading companies are set to log their first back-to-back drop in aggregate annual net profit since the Asian financial crisis, there are plenty of reasons to believe corporate Asia is s

    March 9, 2017 05:10 pm JST
  • Double Dip Asia300

    China's chill hits banks' bottom lines

    TOKYO -- Unable to shrug off its disappointing performance of the preceding year, Asia's financial sector registered a second straight year of decline in its bottom line in 2016. Net profit for the sector came in at $173.1 billion, a decline of 8.8%

    March 9, 2017 05:10 pm JST
  • Double Dip Asia300

    Asia Inc. stumbles through two years of profit shrinkage

    BANGKOK -- In the 20 years since the Asian currency crisis of 1997, the region's companies have generally done well. They recovered from that setback and shrugged off the global financial crisis triggered by the U.S. housing meltdown a decade later,

    March 9, 2017 10:00 am JST
  • Earnings gloom aside, Asia Inc. is positioned for growth

    HONG KONG Don't start fretting just yet. Even though Asia's leading companies are set to log their first back-to-back drop in aggregate annual net profit since the Asian financial crisis, there are plenty of reasons to believe corporate Asia is stil

    March 9, 2017 10:00 am JST
  • China's chill hits banks' bottom lines

    TOKYO Unable to shrug off its disappointing performance of the preceding year, Asia's financial sector registered a second straight year of decline in its bottom line in 2016. Net profit for the sector came in at $173.1 billion, a decline of 8.8% co

    March 9, 2017 10:00 am JST
  • Asian companies try to shake off two years of weaker profits

    BANGKOK In the 20 years since the Asian currency crisis of 1997, the region's companies have generally done well. They recovered from that setback and shrugged off the global financial crisis triggered by the U.S. housing meltdown a decade later, th

    March 9, 2017 10:00 am JST
  • Foxconn finds itself caught between two giants

    GUANGZHOU Hon Hai Precision Industry recently broke ground on a massive new panel production facility in southern China. But while the Taiwanese company is keeping its regional expansion on track, Chairman Terry Gou has hinted that its plans to inve

    March 9, 2017 10:00 am JST
  • Beijing has stern words for Hong Kong and Taiwan

    BEIJING The work report delivered by Chinese Premier Li Keqiang on March 5 stressed, in unusually strong terms, the government's opposition to any independence moves in Hong Kong and Taiwan. This underscores President Xi Jinping's hard-line approach

    March 9, 2017 10:00 am JST
  • Asian PMI readings paint a mixed picture

    TOKYO Business activity in Southeast Asia picked up overall in February, but manufacturers' outlook for future output was less rosy, the latest Nikkei Purchasing Managers' Index shows.The headline Nikkei ASEAN Manufacturing PMI rose 0.3 point from J

    March 9, 2017 10:00 am JST
  • ADB report poses $26tn question for Asia

    MANILA Back in 2009, the Asian Development Bank estimated the region would need $8 trillion worth of infrastructure investment between 2010 and 2020. Now, for the 15 years from 2016 to 2030, the bank reckons $26 trillion is in order to sustain curre

    March 9, 2017 10:00 am JST
  • Beijing blends tough talk with promise of dialogue

    BEIJING -- Chinese Foreign Minister Wang Yi attempted a delicate balancing act at a news conference Wednesday, leery of either stoking international tensions or appearing weak at home during a critical political season.While expressing hope for a Ch

    March 9, 2017 06:50 am JST
  • Exclusive

    Foxconn approached SK Hynix for joint Toshiba bid, sources say

    TAIPEI/SEOUL -- Key iPhone assembler Hon Hai Precision Industry, known as Foxconn Technology Group, has approached South Korea's second largest memory chip maker SK Hynix to explore the possibility of collaborating on a bid for the memory business o

    March 9, 2017 01:55 am JST
  • Asian PMI readings paint a mixed picture

    TOKYO -- Business activity in Southeast Asia picked up overall in February, but manufacturers' outlook for future output was less rosy, the latest Nikkei Purchasing Managers' Index shows.The headline Nikkei ASEAN Manufacturing PMI rose 0.3 point fro

    March 8, 2017 05:00 pm JST
  • China says Taiwan has "no future" diplomatically

    BEIJING (Reuters) -- Taiwan's formal relations with its dwindling number of allies around the world lack a basis in international law and have "no future", Chinese Foreign Minister Wang Yi said on Wednesday.China has heaped pressure on self-ruled Ta

    March 8, 2017 03:11 pm JST
  • Premier Li says China will resolutely oppose Taiwan independence

    BEIJING (Reuters) -- China will resolutely oppose and contain Taiwan independence, Premier Li Keqiang said in remarks prepared for delivery at the opening of the annual meeting of parliament on Sunday, amid heightened tension between Beijing and the

    March 5, 2017 01:58 pm JST
  • Foxconn to sell 1% stake in Japanese unit Sharp

    OSAKA -- Taiwan's Hon Hai Precision Industry is considering parting with a roughly 1% interest in Sharp as soon as this year to clear a barrier to the Japanese unit's return to the first section of the Tokyo Stock Exchange.For a company to list its

    March 3, 2017 02:00 am JST
  • Toshiba shares jump on Foxconn's potential bid for chip unit

    TOKYO -- Toshiba shares rose in Tokyo on Thursday, buoyed by renewed optimism for the troubled electronics company after a report that Hon Hai Precision Industry Chairman Terry Gou has expressed interest in investing in Toshiba's chip unit.At a grou

    March 2, 2017 12:15 pm JST
  • China's growing travel bug to support new casino projects

    China's large and growing traveling class is expected to provide strong demand for the Asian casino market in coming years.The number of overseas trips made annually by China's 1.36 billion people now equates to a market penetration rate of 9%. This

    March 2, 2017 10:00 am JST