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  • James Stavridis: China already rivals US military power in East Asia

    In his recent study of U.S.-China relations, Harvard professor Graham Allison provocatively asks whether the two superpowers of the 21st century are destined for war. After studying similar situations over the past 2,500 years -- when a rising power

    December 7, 2017 10:00 am JST
  • Autos the best performer in Asia sector PMI in November

    TOKYO -- The Nikkei Asia Sector Purchasing Managers' Index for November showed output growth in 15 of the 19 sectors monitored, instead of 13 for the previous month.Automobiles and auto parts (61.0) posted the most pronounced growth, followed by pha

    December 7, 2017 09:30 am JST
  • Nonferrous metals sag on fears of weaker Chinese demand

    TOKYO -- Copper prices have tumbled 7% in just two weeks, part of a widespread retreat by nonferrous metals as speculators cash out amid concerns over Chinese domestic demand.Three-month copper futures on the London Metal Exchange changed hands for

    December 7, 2017 06:26 am JST
  • Bitcoin zooms above $13,000 to record high on relentless demand

    TOKYO/NEW YORK (Reuters) -- Bitcoin extended its rally on Wednesday, breaking above $13,000 to a record high despite questions about the cryptocurrency's real value and worries about a dangerous bubble.Bitcoin received a boost after Friday's announc

    December 7, 2017 06:18 am JST
  • Daio Paper and Pigeon team with Alibaba on baby goods in China

    TOKYO -- Japan's Daio Paper and Pigeon are partnering with internet giant Alibaba Group Holding to develop and sell baby products in China, where demand is growing for high-quality Japanese products.The paper manufacturer and the baby goods maker wi

    December 7, 2017 05:41 am JST
  • Kepco takes lead to buy Toshiba UK nuclear unit NuGen

    SEOUL -- Korea Electric Power is entering one-on-one talks to acquire Toshiba's NuGen nuclear power business in the U.K., seeking a win for a South Korean team trying to expand its reactor-building business abroad.The partially state-owned utility

    December 7, 2017 05:36 am JST
  • Defying warnings of unrest, Trump recognizes Jerusalem as Israel's capital

    WASHINGTON/JERUSALEM (Reuters) -- President Donald Trump abruptly reversed decades of U.S. policy on Wednesday and recognized Jerusalem as the capital of Israel, generating outrage from Palestinians and defying warnings of unrest in the Middle East.

    December 7, 2017 05:30 am JST
  • Shanghai stock market sags on doubts over China's 'national team'

    SHANGHAI -- China's benchmark stock index slipped to a low not seen in three and a half months amid signals that Beijing will rein in the share purchases by state-directed investors that have propped up the market.The Shanghai Composite Index fell 0

    December 7, 2017 04:29 am JST
  • Signs of stress mount for China's HNA Group

    HONG KONG/BEIJING - Chinese conglomerate HNA Group is facing a host of financing and legal issues as its aggressive global buying spree backfires.In addition to its offshore credit rating sinking deeper into junk territory, the privately held compan

    December 7, 2017 04:15 am JST
  • Nikkei nose-dives amid Middle East tensions

    TOKYO -- The Nikkei Stock Average fell by the most this year on Wednesday, giving back 445 points to end at 22,177, the lowest in three weeks.Japan's benchmark index dropped for a third straight session as fresh tensions flared up in the Middle East

    December 7, 2017 03:46 am JST
  • SBI links to China's Huobi for virtual-currency launch

    TOKYO -- SBI Holdings is forging a capital tie-up with cryptocurrency trading platform Huobi to tap the Chinese company's expertise in exchange systems and operational know-how as it prepares to launch its own bourse early next year.Huobi will take

    December 7, 2017 03:31 am JST
  • Japan and China move closer to maritime crisis hotline

    SHANGHAI -- Japan and China reported progress Wednesday toward creating communication channels meant to prevent accidental maritime run-ins between their forces, with both countries aiming to conclude a deal next year.Neither government elaborated o

    December 7, 2017 03:20 am JST
  • Nikkei Asia300 Index extends losses on Trump's Jerusalem move

    MUMBAI (NewsRise) -- Asian stocks outside of Japan extended losses on Wednesday, amid concerns that U.S. President Donald Trump's move to recognize Jerusalem as the capital of Israel could trigger unrest in the Middle East.A plunge in copper prices

    December 6, 2017 09:18 pm JST
  • Hong Kong shares mark biggest fall in 13 months

    HONG KONG (Nikkei Markets) -- Hong Kong stocks suffered their steepest drop in 13 months on Wednesday, led by an extended sell-off in some of the year's best gainers.The Hang Seng Index slumped 2.1% to 28,224.80, with 48 of its 51 constituents endin

    December 6, 2017 08:29 pm JST
  • Reliance Com shares hit low as more Chinese debtors emerge

    MUMBAI -- More trouble is brewing for Reliance Communications as reports surface of more Chinese banks pursuing insolvency proceedings against the company, as a local court said it would hear China Development Bank's petition on Dec. 18. News that t

    December 6, 2017 08:01 pm JST
  • Shenzhen-Hong Kong stock link sparks renewed appetite for mainland shares

    HONG KONG -- A year in, the Shenzhen-Hong Kong Stock Connect program is bringing a steady flow of foreign capital to the mainland bourse as investors snap up yuan-denominated A-shares to be included in an international index and seek to capitalize o

    December 6, 2017 03:50 pm JST
  • When earning nothing is a blessing

    TOKYO -- It was the ultimate lowball bid. During an auction in September to raise funds for the Japan Oil, Gas and Metals National Corp., the winning bidder agreed to loan the money with a 0% interest rate. "Even zero is a blessing," an executive of

    December 6, 2017 03:25 pm JST
  • Cover story

    Asia braces for the end of easy money

    TOKYO -- Visitors to the Royal Palace Park in Phnom Penh don't need to worry if they forget to bring wads of Cambodian riel with them -- all of the owners of the nearby food and drink stalls tell their customers to pay in U.S. dollars anyway. It is

    December 6, 2017 03:25 pm JST
  • Chinese state media tells readers how to survive a nuclear attack

    BEIJING (Reuters) -- The official state-run newspaper in northeastern China's Jilin city, near the border with North Korea, on Wednesday published a page of "common sense" advice on how readers can protect themselves from a nuclear weapons attack or

    December 6, 2017 03:21 pm JST
  • South Korean President Moon to visit China December 13-16: Xinhua

    BEIJING (Reuters) -- South Korean President Moon Jae-in will visit China from Dec. 13-16, China's official Xinhua news agency said on Wednesday, citing Foreign Ministry spokesman Lu Kang.Xinhua did not give further details but the visit will come at

    December 6, 2017 02:30 pm JST