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  • Japan's imports jump in July on robust domestic demand

    TOKYO -- Japan's imports rose 16.3% on the year to 6.07 trillion yen ($55.4 billion) in July, growing for the seventh consecutive month on the back of strong domestic demand.Imports from the rest of Asia jumped 18.1%, the sharpest growth since March

    August 18, 2017 07:06 am JST
  • North Korea tells UN chief nuclear program not up for negotiation

    UNITED NATIONS (Reuters) -- North Korea's nuclear weapons program will never be up for negotiation as long as the U.S. government's "hostile policy and nuclear threat continue," Pyongyang's deputy U.N. ambassador told United Nations Secretary-Genera

    August 18, 2017 06:23 am JST
  • Xi stresses cooperation in talks with US military chief

    BEIJING -- Chinese President Xi Jinping called for cooperation between Beijing and Washington in a meeting here Thursday with the top American military officer, the official Xinhua News Agency reported.Xi told Gen. Joseph Dunford, chairman of the Jo

    August 18, 2017 04:26 am JST
  • Tencent's stratospheric growth nears turning point

    HONG KONG -- Investors rushed for shares in Tencent Holdings here Thursday, the day after the release of April-June results that trounced market expectations. But amid the good news were signs that the tech titan now capable of pulling in close to $

    August 18, 2017 03:34 am JST
  • Human rights groups rip jail terms for Hong Kong activists

    HONG KONG -- Three leaders of Hong Kong's democracy movement have been sentenced to prison in connection with massive street protests in 2014, a ruling that human rights groups call a politically motivated bid to deter further activism.Tougher sente

    August 18, 2017 03:00 am JST
  • Indonesia's Tokopedia gets top investment from Alibaba

    JAKARTA -- Tokopedia, a leading Indonesian e-commerce company, has received investment from China's Alibaba Group Holding as the lead investor in a $1.1 billion funding round.The deal was announced by Tokopedia on Thursday and confirms the Chinese c

    August 18, 2017 01:36 am JST
  • Alibaba shares jump as net profit doubles on online shopping fervor

    HONG KONG -- Shares in China's largest e-commerce company Alibaba Group Holding on Thursday jumped more than 4%, following its announcement that its quarterly net income had reached 14.03 billion yuan ($2.1 billion), a 96% leap on a year-on-year bas

    August 18, 2017 01:33 am JST
  • Hong Kong's China stock benchmark to include private companies

    HONG KONG -- Hang Seng Bank's benchmark compiling unit said on Thursday that it is going to revamp the existing Hang Seng China Enterprises Index in order to make it more representative of mainland China's economy, which is increasingly led by consu

    August 18, 2017 01:15 am JST
  • China Unicom tentatively halts plan to accept private capital

    HONG KONG -- A Shanghai-listed subsidiary of China United Network Communications Group has temporarily dropped a plan to accept a capital injection, according to reports Thursday from Caixin and other Chinese media organizations.China United Network

    August 17, 2017 06:56 pm JST
  • Three young Hong Kong democracy leaders jailed for months

    HONG KONG (Reuters) -- A Hong Kong appeal court on Thursday jailed three prominent young Hong Kong democracy leaders for several months for "unlawful assembly" linked to the city's months-long pro-democracy protests in 2014.The three are 20-year-old

    August 17, 2017 06:25 pm JST
  • Brian Andrews

    Tokyo and Washington face critical alliance challenge

    The Asia-Pacific region is being confronted by large-scale geopolitical change and immediate security threats. The U.S.-Japan alliance is the cornerstone of American strategic engagement in Asia and will be critical to maintain peace, prosperity and

    August 17, 2017 06:22 pm JST
  • Didi has Alphabet in its sights

    BEIJING -- Didi Chuxing in July added a safety feature to its app that pays attention to drivers who might be speeding, drowsy or slamming on the brakes too hard. The feature is being used to send voice warnings to drivers as well as to rank drivers

    August 17, 2017 04:00 pm JST
  • China military criticises "wrong" US moves on Taiwan, South China Sea

    BEIJING (Reuters) -- The "wrong" actions of the United States on Taiwan, its South China Sea patrols and deployment of an advanced anti-missile system in South Korea have had a large, negative influence on military trust, a senior Chinese officer sa

    August 17, 2017 03:07 pm JST
  • Hong Kong shares dither despite Tencent's post-earnings rally as caution reigns

    HONG KONG (Nikkei Markets) -- Hong Kong shares wavered on Thursday as a rally by Tencent Holdings after the heavyweight company's blowout earnings failed to enthuse investors wary over broader market valuations.Tencent jumped 3.5% toward a record hi

    August 17, 2017 02:50 pm JST
  • China takes clean energy lessons from Portugal's EDP

    LISBON -- China Three Gorges is expanding a foothold in clean energy in Portugal, where it has been the biggest shareholder in Energias de Portugal, a local utility company, since 2012.CTG, a Chinese state-owned energy company, bought 49% of EDP's s

    August 17, 2017 12:10 pm JST
  • China Unicom raising $11.6bn from Alibaba, others

    BEIJING -- State-owned telecom group China Unicom is welcoming investments totaling 78 billion yuan ($11.6 billion) from a list of names including Chinese tech heavyweights Baidu, Alibaba Group Holding and Tencent Holdings.The investors will acquire

    August 17, 2017 06:24 am JST
  • China's Shouqi goes overseas to fight ride-hailing titan Didi

    SHENZHEN -- Beijing Shouqi Group will launch car-hailing services via a mobile app in Southeast Asia, Europe and elsewhere targeting Chinese travelers, with hopes of catching up with industry giant Didi Chuxing.The app from the group's Shouqi Limous

    August 17, 2017 06:24 am JST
  • Tencent profit surges 70% as flagship app nears milestone

    GUANGZHOU -- Tencent Holdings' net profit soared nearly 70% on the year in the April-June quarter as users of the hit WeChat app kept climbing and gaming revenue jumped.The Chinese internet services heavyweight booked 18.2 billion yuan ($2.72 billio

    August 17, 2017 06:01 am JST
  • China regains leverage on US as top debtholder

    BEIJING -- China has regained a bargaining chip with Washington by resuming the title of largest foreign holder of U.S. Treasurys, taking advantage of a calmer currency to buy more of the bonds amid relations strained by North Korea and a trade imba

    August 17, 2017 03:42 am JST
  • Asian hedge funds rebuild assets, reach 18-month high

    TOKYO -- Asia's hedge funds have the most assets under management since the end of 2015, thanks to brisk performance by Indian and Chinese stocks as well as more investor interest.Funds in the region managed $117.1 billion at the end of June, U.S. c

    August 17, 2017 02:08 am JST