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  • Tea Leaves

    China's hard power and hurt feelings

    China's Communist authorities must consider their 1.3 billion citizens as exceptionally fragile souls, prone to having their feelings hurt at the smallest slight. Not only are Chinese restricted from openly saying what they want, they also must be p

    February 22, 2018 10:00 am JST
  • Chinese New Year spending grows 10%, the lowest since 2005

    SHANGHAI -- Chinese consumers spent 926 billion yuan ($146 billion) shopping and in restaurants during the Lunar New Year holidays of 2018 -- 10% more than during last year's holiday season, according to the Ministry of Commerce.It was the weakest s

    February 22, 2018 06:19 am JST
  • Hyundai to double SUV lineup in bid to recapture sales in US, China

    GOYANG, South Korea -- Hyundai Motor unveiled the fourth-generation model of its trademark Santa Fe sports utility vehicle on Wednesday, as part of its strategy to double its SUV lineup in three years amid rising demand for such vehicles in the glob

    February 21, 2018 10:12 pm JST
  • Nikkei Asia300 Index gains, boosted by Taiwanese stocks

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Wednesday, led by a rally in Taiwanese companies as they returned from Lunar New Year holidays.The Nikkei Asia300 Index advanced 1% to 1,456.50. Hong Kong-shares of Agricultural Bank of China (

    February 21, 2018 08:38 pm JST
  • Chinese shares in Hong Kong rally before mainland markets reopen

    HONG KONG (Nikkei Markets) -- Hong Kong stocks jumped to a two-week high on Wednesday, with shares of Chinese companies listed in the city driving gains a day before mainland stock exchanges reopen after a seven-day break.The benchmark Hang Seng Ind

    February 21, 2018 07:53 pm JST
  • China tries to bring order to sprawling online finance sector

    SHANGHAI -- China's 1.2 trillion yuan ($189 billion) internet finance industry has reached a turning point as regulators tighten regulations after one too many cases of bankruptcy and fraud.Some analysts are predicting a shakeout in the sector, whic

    February 21, 2018 06:59 pm JST
  • Cover story

    Shrinking to survive: Japan's banks face a quiet crisis

    TOKYO -- "Welcome to our bank!" chime the three uniformed clerks as customers enter Mizuho Bank's branch in Tokyo's Tanashi neighborhood.The friendly, highly experienced clerks stand ready to help customers fill in the various forms required to open

    February 21, 2018 03:55 pm JST
  • Singaporean education companies expand overseas presence

    SINGAPORE/YANGON -- Scholastic groups in Singapore are busy answering demand for first-class education in a region where parents are known for their strong focus on children's education.On Sunday, Singaporean for-profit education group MindChamps Pr

    February 21, 2018 03:15 pm JST
  • Hong Kong stocks defy Wall Street drop as Chinese shares rally

    HONG KONG (Nikkei Markets) -- Hong Kong shares were up by midday on Wednesday, led by gains in Chinese stocks listed in the city while mainland markets remained closed for the Chinese New Year break.The Hang Seng Index had gained 0.9% to 31,153.39 b

    February 21, 2018 02:00 pm JST
  • Japan's Tsumura looks to be king of China's herbal medicine market

    TOKYO -- Japanese drugmaker Tsumura plans to capitalize on its partnership with China's Ping An Insurance Group to expand its herbal medicine sales in China to 10 billion yuan ($1.57 billion) by 2027. "We aim to become the top brand of traditional

    February 21, 2018 12:10 pm JST
  • Toyota unveils motor magnet with less scarce metal

    NAGOYA -- Toyota has developed an electric vehicle motor magnet that uses half as much neodymium as compatible products, aiming to stave off supply disruptions in the rare-earth element that could come as major producer China toughens environmental

    February 21, 2018 06:16 am JST
  • Alibaba buys 15% of Chinese furniture chain Easyhome

    TOKYO -- Alibaba Group Holding, China's biggest e-commerce company, is continuing its push into brick-and-mortar stores with the purchase of a 15% stake in domestic furniture seller Easyhome.The 5.4 billion yuan ($851 million) stock acquisition is p

    February 21, 2018 05:30 am JST
  • E-commerce fuels rebound in Chinese gold buying

    TOKYO -- Chinese demand for gold jewelry grew in 2017 despite higher prices for the precious metal as the spread of e-commerce extended retailers' reach.Last year's 3% rise in Chinese demand for gold jewelry marked the first increase since 2013, whe

    February 21, 2018 03:18 am JST
  • South Korea launches WTO trade challenge against US duties

    GENEVA (Reuters) -- South Korea has launched a wide-ranging complaint at the World Trade Organization to challenge the U.S. use of anti-subsidy and anti-dumping duties, citing their use on steel and transformers, a WTO filing showed on Tuesday.The U

    February 21, 2018 02:48 am JST
  • Hong Kong Disneyland reports losses doubled in 2017

    HONG KONG -- Hong Kong Disneyland Resort reported on Tuesday that its losses more than doubled to HK$345 million ($44.1 million) for fiscal 2017 ended in September, dragging the resort further into the red for the third straight year.During fiscal 2

    February 20, 2018 10:19 pm JST
  • Nikkei Asia300 Index falls, dragged by Chinese banks, Singapore property developers

    MUMBAI (NewsRise) -- Asian stocks outside of Japan declined Tuesday, as Chinese lenders pulled back and Singapore property developers slipped after an increase in taxes for buyers of high-value homes.The Nikkei Asia300 Index fell 0.3% to 1,441.72. S

    February 20, 2018 08:57 pm JST
  • Hong Kong shares retreat as HSBC slides after results

    HONG KONG (Nikkei Markets) -- Hong Kong shares reversed intraday gains to fall for the first time in four days amid mild trading, after banking heavyweight HSBC Holdings reported weaker-than-expected earnings.The Hang Seng Index lost 0.8% to 30,873.

    February 20, 2018 06:58 pm JST
  • Alpine China venture plans a hiring spree

    TOKYO -- Japan's Alpine Electronics will double the number of engineers at its automotive equipment venture in China to about 1,000 by 2020.Most of the new staff will be involved in the development of equipment for electric vehicles. The move will c

    February 20, 2018 05:48 pm JST
  • Iron ore defies falling global commodity prices

    TOKYO -- Global stock markets are down from their recent peaks and prices for commodities such as crude oil, gold and copper are also falling. But iron ore and coking coal are bucking the trend thanks to China, the world's largest consumer of the st

    February 20, 2018 05:17 pm JST
  • Hong Kong shares extend gains after Chinese New Year break

    HONG KONG (Nikkei Markets) -- Hong Kong shares advanced by midday on Tuesday after a choppy morning session, as investors bought into local equities ahead of quarterly earnings announcements by HSBC Holdings and Hang Seng Bank.The Hang Seng Index wa

    February 20, 2018 02:13 pm JST