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  • India shares little changed as Investors look for clues in Fed policy

    MUMBAI (NewsRise) -- Indian shares were little changed on Wednesday as investors awaited the U.S. Federal Reserve's monetary policy decision before making fresh bets.The benchmark BSE Sensex declined 0.01%, or 1.86 points, to close at 32,400.51, whi

    September 20, 2017 09:24 pm JST
  • AP Systems benefiting from rising OLED orders

    SEOUL -- AP Systems stands to benefit from rising orders for its organic light-emitting diode equipment from its key client, Samsung Electronics, as well as customers from China as the panel display industry experiences a structural shift from liqui

    September 20, 2017 09:11 pm JST
  • Nikkei Asia300 Index little changed ahead of Fed decision

    MUMBAI (NewsRise) -- Asian stocks outside of Japan were little changed on Wednesday as investors remained cautious before the U.S. Federal Reserve's monetary policy decision due later in the day.The Nikkei Asia300 Index ended flat at 1,323.20.The U.

    September 20, 2017 08:32 pm JST
  • Geely hits record high as automakers rally in Hong Kong

    HONG KONG (Nikkei Markets) - Automakers led Hong Kong stocks higher on Wednesday on speculation that environmentally friendly cars will enjoy stronger support from Chinese policymakers. The broader market posted modest gains in cautious trade before

    September 20, 2017 08:13 pm JST
  • India slashes call connection fees, Reliance Jio a winner

    MUMBAI (NewsRise) -- An unexpectedly deep cut to interconnection fees paid by mobile operators in India threatens to add to the problems of established players such as Bharti Airtel, Vodafone India and Idea Cellular while benefiting their archrival,

    September 20, 2017 08:11 pm JST
  • Malaysia stocks fall to two-week low as Mitsubishi exits CIMB, Singapore stocks decline

    KUALA LUMPUR (Nikkei Markets) -- Malaysian shares fell to a two-week low on Wednesday, weighed by losses on CIMB Group Holdings after Mitsubishi UFJ Financial Group sold its entire stake in the nation's second-largest bank.Singapore shares declined

    September 20, 2017 07:52 pm JST
  • Mitsubishi UFJ Financial Group exits CIMB Group

    KUALA LUMPUR (Nikkei Markets) - Mitsubishi UFJ Financial Group as part of a group-wide review of investments in affiliates sold its entire 4.6% stake held in CIMB Group Holdings, Malaysia's second-largest lender by assets for 2.56 billion ringgit ($

    September 20, 2017 07:28 pm JST
  • Indonesia's PLN lists power plant-backed securities

    JAKARTA -- Utility firm Perusahaan Listrik Negara raised 4 trillion rupiah ($300 million) in fresh funds from Wednesday's listing of its first asset-backed securities -- the second such issuance by an Indonesian state-owned company for infrastructur

    September 20, 2017 06:35 pm JST
  • Tata Steel, Thyssenkrupp agree to forge Europe's No. 2 steelmaker

    FRANKFURT (Reuters) -- Germany's Thyssenkrupp and India's Tata Steel struck a preliminary deal on Wednesday to merge their European steel operations in a 50-50 joint venture to create the continent's No.2 steelmaker after ArcelorMittal.The deal will

    September 20, 2017 06:30 pm JST
  • Hong Kong shares edge higher ahead of US Fed announcement

    HONG KONG (Nikkei Markets) -- Hong Kong stocks edged higher in cautious morning trade on Wednesday, tracking overnight gains on Wall Street, as investors looked ahead to the U.S. Federal Reserve's monetary policy announcement due later in the day. A

    September 20, 2017 03:02 pm JST
  • Cover story

    As Alibaba and Tencent swell, so does their political risk

    HONG KONG -- Virtually every day, the People's Daily and its English-language counterpart, the China Daily, feature either President Xi Jinping or Premier Li Keqiang -- or both -- on their front pages. That is hardly surprising since the newspapers

    September 20, 2017 01:50 pm JST
  • Cover story

    Why Tencent and Alibaba are China's most powerful investors

    HONG KONG -- Almost a decade ago, Xie Guomin set out to create a music streaming business for mChina. He spent eight years painstakingly obtaining the licenses for thousands of songs, eventually building a giant library that helped give his music ap

    September 20, 2017 01:30 pm JST
  • Interview

    Philippine antitrust watchdog asks Duterte for big personnel boost

    MANILA -- The Philippines' antitrust watchdog plans to significantly bolster its manpower as it braces for a "deluge" of complaints on monopolies, cartels and other anti-competitive practices. "We are submitting a proposal to the Office of the Presi

    September 20, 2017 11:00 am JST
  • Chinese bike-share operators making tracks for Southeast Asia

    SINGAPORE/BANGKOK -- Chinese bike-sharing startups Mobike and Ofo are expanding to several Southeast Asian countries, betting that the push by local governments to encourage cycling will overcome the region's structural barriers against the mode of

    September 20, 2017 10:30 am JST
  • Japan's Imabari built it, but will orders come?

    TOKYO -- Having just constructed Japan's first new dry dock in 17 years, Imabari Shipbuilding should be brimming with excitement. But its chief instead is cautious as to whether the leading Japanese shipbuilder will be able to make the most of the n

    September 20, 2017 04:51 am JST
  • Biggest Asian workforces underprepared for digital future: survey

    HONG KONG -- The economies of China, India and Indonesia are digitizing fast, but their populations may not be well equipped to reap the benefits of a world experiencing rapid globalization, urbanization and technological innovation, according to a

    September 20, 2017 01:25 am JST
  • Fox aims to succeed in crowded Asian streaming market

    TAIPEI -- Original content will give Fox an edge as a streaming service provider in Asia, a company executive said Tuesday, as the U.S. media powerhouse rolls out digital offerings in the region after international rivals such as Netflix and Amazon

    September 20, 2017 12:29 am JST
  • Malaysian telecom tower operator ups ante in South Asia

    KUALA LUMPUR -- Telecommunications tower operator edotco Group sees potential in less developed markets in South and Southeast Asia and is targeting countries with low mobile penetration.The group is seeking growth by strengthening its foothold in t

    September 19, 2017 10:28 pm JST
  • Singapore's Keppel to develop luxury apartments in Jakarta

    SINGAPORE -- Property developer Keppel Land, a subsidiary of Singapore conglomerate Keppel Corp. said Tuesday it has agreed to acquire a prime site in Jakarta's central business district from Indonesia's Bank Central Asia for 586 billion rupiah ($44

    September 19, 2017 10:21 pm JST
  • Banpu takes stake in Singapore solar energy provider Sunseap

    BANGKOK -- Thai coal miner Banpu has invested $55.7 million in Singapore-based solar energy provider Sunseap Group as it seeks to further venture into renewable energy.Banpu Infinergy, a recently-established subsidiary of Banpu that offers solar sys

    September 19, 2017 09:27 pm JST