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  • 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
  • Clay Shirky: LeEco finds that the conglomerate-building strategy is no longer an option

    Chinese technology group LeEco has been in the spotlight recently, both for its expansion plans and its cash woes. It has launched a new phone in India and is laying off employees. It is investing in Faraday Future and other electric vehicle makers

    March 2, 2017 10:00 am JST
  • Foxconn's Terry Gou walks a tightrope between US and China

    GUANGZHOU, China -- Chairman Terry Gou of Hon Hai Precision Industry, better known as Foxconn Technology Group, has begun to work on a new panel facility in southern China as part of the company's ongoing efforts to expand its base in the region. He

    March 2, 2017 12:11 am JST
  • Taiwan's Foxconn 'definitely bidding' for Toshiba chip business

    HONG KONG (Reuters) -- Taiwan's Foxconn, the world's largest contract electronics maker, is "definitely bidding" for the chip business of Japan's Toshiba Corp and is "very confident" it can buy into it, company founder Terry Gou said on Wednesday.Go

    March 1, 2017 08:00 pm JST
  • Taiwan not manipulating currency for unfair trade advantage: central bank

    TAIPEI (Reuters) -- Taiwan does not deliberately weaken its currency to give the trade-dependent economy an "unfair competitive advantage", the central bank signaled in a report to parliament amid worries that the United States could label the islan

    March 1, 2017 03:45 pm JST
  • Taiwan manufacturing PMI slows to 54.5 in February

    TOKYO -- The Nikkei Taiwan Manufacturing Purchasing Managers' Index, or PMI, fell to a four-month low of 54.5 in February from 55.6 in January.A reading above 50 indicates economic expansion, while one below 50 points toward contraction. February's

    March 1, 2017 09:30 am JST
  • Qualcomm, Intel escalate fight over iPhone modem

    BARCELONA, Spain -- The rivalry between U.S. chipmakers Qualcomm Technologies and Intel is growing as Apple seeks to incorporate more advanced technologies into its iPhone smartphones.Intel, the world's largest semiconductor manufacturer, is battlin

    March 1, 2017 09:21 am JST
  • Taiwan urges reconciliation as China butts in on memorial

    TAIPEI (Reuters) -- Taiwan's president urged truthful reconciliation on Tuesday on the 70th anniversary of an uprising against Nationalist troops that has galvanised independence supporters, an event China is seeking to co-opt to oppose independence

    February 28, 2017 07:30 pm JST
  • Sit down for your stand-up noodles

    TOKYO -- Standing noodle bars are a pretty common feature across the Japanese capital, particularly in and around train stations, where busy office workers can take a few minutes to gobble down a hot meal before getting back to work or heading to th

    February 28, 2017 05:30 pm JST
  • Tomohiro Otsuki

    Foxconn accepts Trump's challenge, but will Terry Gou pull it off?

    Taiwan's Hon Hai Precision Industry is yet another multinational jumping on the "made in America" campaign of U.S. President Donald Trump. At first glance, the move by Hon Hai, also known as Foxconn, appears to be an attempt to curry favor with the

    February 28, 2017 05:00 pm JST
  • Asia needs $26tn for infrastructure through 2030: ADB report

    MANILA -- Asia will need $26 trillion of infrastructure investment in the 15 years from 2016 to 2030, said a report published on Tuesday by the Asian Development Bank.According to the report, titled Meeting Asia's Infrastructure Needs, the region ne

    February 28, 2017 01:23 pm JST