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  • Switzerland retains top spot in competitiveness rankings

    GENEVA (Kyodo) -- Switzerland retained first place in global competitiveness rankings in 2014, while the United States rose to third from fifth and Japan moved up to sixth from ninth, the World Economic Forum said in its annual report Wednesday.

    September 3, 2014 02:50 pm JST
  • Modi rolls out 'red carpet' for Japanese manufacturers

    TOKYO -- Japanese manufacturers, consider yourselves invited to India. "There is one thing I can promise to you," Indian Prime Minister Narendra Modi told a symposium in Tokyo on Tuesday. "If you want to look abroad, there is no need for you to

    September 2, 2014 07:30 pm JST
  • Hong Kong's foreign money bonanza may soon go bust

    HONG KONG -- A perfect financial and economic storm may be on the horizon, according to Hong Kong Financial Secretary John Tsang Chun-wah, the government's third-highest official. The head of the island's central bank is also predicting an interest

    September 2, 2014 05:00 pm JST
  • Stephen Grenville: How to reboot world trade talks

    Expanding trade has been the lynchpin of globalization. Total world trade rose from 42% of global gross domestic product in 1980 to 62% in 2007, according to the International Monetary Fund. Trade slowed during the 2008 crisis and since then has bar

    September 2, 2014 01:00 pm JST
  • Beijing dashes hope for H.K. prodemocracy camp in leadership race

    HONG KONG (Kyodo) -- China's legislature on Sunday approved rules governing future elections in Hong Kong, which as expected maintain Beijing's control of the candidates allowed to run. Hong Kong's pro-democracy opposition immediately vowed to t

    August 31, 2014 10:45 pm JST
  • Macao's Beijing-backed leader re-elected for 2nd term

    HONG KONG (Kyodo) -- Macao on Sunday re-elected the incumbent Beijing-backed leader Fernando Chui to a second five-year term as chief executive. Macao broadcaster TDM said Chui, the only candidate, received 380 of the 396 votes cast by an electo

    August 31, 2014 06:00 pm JST
  • Chinese mall operator Wanda embarks on online-to-offline venture

    SHENZHEN, China -- China's Wanda Group announced Friday that it will join hands with compatriots Baidu and Tencent to use the Internet to guide consumers to its brick-and-mortar facilities, aiming to capitalize on the smartphone's growing role in de

    August 30, 2014 12:45 am JST
  • Japan not on board with China's 'through-train' stock plan

    HONG KONG -- Many Japanese brokerages will likely pass on the initial opportunity to participate in China's "through-train program," which will allow mutual stock market access between mainland China and Hong Kong from Oct. 13 at the earliest. T

    August 29, 2014 01:00 pm JST
  • BOC Aviation latest to buy more jets as aircraft leasing soars in Asia

    HONG KONG -- Aircraft leasing company BOC Aviation, based in Singapore but owned by the Bank of China, has placed an order for 80 narrow-body 737 passenger jets from Boeing. The 8.8 billion dollar order is the largest the company has ever placed

    August 27, 2014 03:29 am JST
  • The Pine League takes a leaf out of the Ivy League

    TAIPEI -- Five top Chinese-language universities in Asia, including National Taiwan University and Peking University, have announced the formation of the Pine League to emulate the Ivy League in the U.S. by fostering sporting and academic exchanges.

    August 26, 2014 12:29 am JST
  • Investors giddy over Shanghai-Hong Kong trading mechanism

    HONG KONG -- A mutual stock investment system linking exchanges in Shanghai and Hong Kong will be officially launched in mid-October. There are mounting expectations that the system will make China's stock markets more attractive to investors both a

    August 25, 2014 07:00 pm JST
  • Western sanctions push Russia, China closer; hurt dollar

    TOKYO -- By forcing Russia to conduct more business in the yuan and other Asian currencies, the U.S. may be speeding up the end of the petrodollar and giving China more prominence on the world stage. As the West tightens financial sanctions agai

    August 25, 2014 01:00 pm JST
  • Venerable Asian airlines struggle to shake cheap competition

    SINGAPORE/HONG KONG/MANILA -- The rapid ascent of budget carriers has created turbulence for major Asian airlines, whose market dominance is fading. Singapore Airlines, a leading Southeast Asian carrier, logged a net profit of 360 million Singap

    August 23, 2014 04:15 am JST
  • TPV squeaks back to black during second quarter

    TAIPEI -- TPV Technology, a leading global display manufacturer, says it narrowly returned to profit in the second quarter through improved control of operating expenses. The Hong Kong-based company went into the red last year as demand for TVs

    August 22, 2014 07:45 pm JST
  • Has he done enough to groom his chosen successor?

    HONG KONG -- Li Ka-shing is a very special man, says Joseph P.H. Fan, a professor at Chinese University of Hong Kong who studies family-run businesses. Li has used his long-term vision to prepare the ground for his successor, Fan believes, altho

    August 21, 2014 12:00 am JST
  • Truth, justice and the Li Ka-shing way

    HONG KONG -- Mention the name Li Ka-shing to people in Hong Kong and you are likely to hear tales of fabulous wealth, and, depending on who is telling the story, come away with a picture of a character worthy of Horatio Alger or Charles Dickens.

    August 21, 2014 12:00 am JST
  • 86-year-old 'superman' eager to keep guiding empire

    HONG KONG -- Cheung Kong (Holdings) and Hutchison Whampoa group seem stable. But what happens when "superman" Li Ka-shing steps down and passes the baton on to the next generation? Succession is the biggest risk for the Li empire, as it is for many

    August 21, 2014 12:00 am JST
  • Is Asia's richest man pulling out of China?

    HONG KONG -- On May 8, Cheung Kong (Holdings) announced that it wanted to buy Australia's Envestra for 2.37 billion Australian dollars ($2.2 billion) in cash. The offer, made by a consortium formed with two group companies, represented a 16.8% premi

    August 21, 2014 12:00 am JST
  • This billionaire is worried by the widening wealth gap

    HONG KONG -- Just Mayo is mayonnaise with a difference: It is made without eggs. The new product is selling well at ParknShop supermarkets in Hong Kong. Li Ka-shing saw the product's potential long ago. The mayonnaise uses a plant-based ingredie

    August 21, 2014 12:00 am JST
  • Global share issues hit record $481B in January-July

    TOKYO -- Global share issues hit a record high of over $480 billion between January and July. U.S. venture capital companies and Chinese businesses have been particularly aggressive in securing funds for growth, encouraged by high stock prices.

    August 19, 2014 02:00 pm JST