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  • Shanghai Disneyland to hike prices, up to 33% for major holidays

    WUHAN, China -- Walt Disney will raise ticket prices at Shanghai Disneyland in June by as much as 33%, betting that a new attraction will cushion any potential slowdown in visitor traffic.One-day tickets during weekends and some holidays will rise f

    December 8, 2017 01:25 am JST
  • TSMC to invest record $20bn in advanced 3-nm chips

    HSINGCHU, Taiwan -- Taiwan Semiconductor Manufacturing Co., the world's biggest contract chipmaker by revenue, is planning to spend more than $20 billion to build the world's most advanced 3-nanometer chip facility in Taiwan in the early 2020s, acco

    December 7, 2017 11:39 pm JST
  • Nikkei Asia300 Index little changed as tech firms gain, offsetting weak energy stocks

    MUMBAI (NewsRise) -- Asian stocks outside of Japan ended little changed as a rebound in technology heavyweights offset a fall in energy producers after Brent crude prices dropped to their lowest in more than a month.The Nikkei Asia300 Index ended al

    December 7, 2017 08:15 pm JST
  • Tencent leads rebound of Hong Kong shares

    HONG KONG (Nikkei Markets) -- Hong Kong shares edged higher on Thursday for the first time in three days, with Tencent Holdings leading a rebound among technology companies after a string of weak showings.The Hang Seng Index ended 0.3% higher at 28,

    December 7, 2017 07:56 pm JST
  • Hong Kong shares flat on US rate caution as techs rebound

    HONG KONG (Nikkei Markets) -- Hong Kong stocks were little changed by midday on Thursday, as renewed focus on interest rates in the U.S. helped counter a rebound for technology stocks.The Hang Seng Index was at 28,226.37 by the noon break, after ris

    December 7, 2017 02:28 pm JST
  • China's growth objectives clash with financial stability goal: IMF

    BEIJING (Reuters) -- China should prioritise financial stability above development goals, as pursuit of regional growth targets and helping firms avoid heavy job losses had led to a surge in debt, particularly at local government level, the Internat

    December 7, 2017 02:07 pm JST
  • India's economy to be world's No.3 by 2028: forecast

    TOKYO -- India and key Association of Southeast Asian Nations members will become increasingly vital drivers of Asian growth over the coming decade, while China's economy slows to a pace comparable with the U.S., new projections from the Japan Cente

    December 7, 2017 12:40 pm JST
  • Pope Francis clears a new path for Christianity in Asia

    YANGON/TOKYO On the third day of his recent visit to Myanmar, Pope Francis entered the Kaba Aye Center, one of the most important Buddhist temples in Yangon, with his shoes off in accordance with local customs.There, he delivered a message: "For whe

    December 7, 2017 10:00 am JST
  • World Bank warns of growing income gaps even as economies rise

    JAKARTA One stereotype of Asian cities such as Jakarta and Manila is a stark juxtaposition between sprawling slums and gleaming shopping malls stocked with luxury goods -- an image with some accuracy, going by a new World Bank report.About 250 milli

    December 7, 2017 10:00 am JST
  • North Korea loses friends in Africa and Asia

    SINGAPORE/TOKYO North Korea is finding itself increasingly alone as once-friendly countries in Africa, Southeast Asia and elsewhere take a harsher stance following the hermit state's continued nuclear and missile provocations, including its launch o

    December 7, 2017 10:00 am JST
  • Japan loses its appeal as a regional air hub

    NEW YORK Japan is losing its luster as the primary aviation hub in Northeast Asia.Major U.S. airlines are scrapping routes to and from Narita International Airport near Tokyo -- the country's main international gateway -- and opting instead for airp

    December 7, 2017 10:00 am JST
  • Stephen Grenville: How Southeast Asia can contain its coal appetite by being selfish

    Southeast Asia's energy demand is expected to rise by two-thirds by 2040 -- twice the pace of global demand. Per capita energy use is low and there is much pent-up demand. This demand has to be met if living standards are to rise. However, the regio

    December 7, 2017 10:00 am JST
  • 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