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  • Capitalism's champions head East

    The bid by Pfizer, the U.S. pharmaceutical giant, to take over AstraZeneca, one of Britain's largest pharma groups, has generated uproar across a broad range of circles in the U.K. Pfizer's chief executive was hauled before a parliamentary committee

    May 22, 2014 12:00 am JST
  • Inequality not just a Western quandary

    Books on economics rarely become instant best-sellers, but Thomas Piketty's "Capital in the Twenty-First Century" managed that feat with impressive speed. Only a few weeks after its March release in the U.S., the French professor's tome sold out on

    May 22, 2014 12:00 am JST
  • Iron ore falters as supplies surge

    BANGKOK -- The boom days for iron ore appear to be over as the commodity slid below the psychologically important $100 per ton mark this week. The benchmark price for the world's second most traded commodity, after crude oil, closed at $98.50 pe

    May 22, 2014 12:00 am JST
  • China pays dearly for overinvestment

    TOKYO -- The Chinese economic model appears to have hit a wall. The continued flood of investments that were supposed to drive the economy have left local governments and businesses drowning in debt, and misdirected incentives have created a real es

    May 22, 2014 12:00 am JST
  • China's property developers face era of slimmer margins

    BEIJING -- As China's residential real estate market continues to slow, investors and policymakers alike are focusing their attention on the state of the country's nearly 90,000 property developers. Data released by the National Bureau of Statis

    May 22, 2014 12:00 am JST
  • Greater Beijing economic zone idea gains momentum

    BEIJING -- The capital and neighboring Tianjin, along with Hebei, the province surrounding the two municipalities, may be developed into a single economic zone under plans currently gaining momentum in Beijing. The scheme was revealed at the end

    May 22, 2014 12:00 am JST
  • Electric-car makers charged up as China declares war on smog

    BEIJING/GUANGZHOU -- Global automakers such as Tesla Motors and Daimler are accelerating their push for electric vehicles in China, where the government is finally getting serious about fighting air pollution. At a Beijing commercial facility ca

    May 22, 2014 12:00 am JST
  • Online Big Three locking horns

    Gone are the days when China's three biggest Internet companies peacefully coexisted in separate domains: Alibaba Group Holding in e-commerce, Tencent Holdings in social networking services and online games, and Baidu in Web searching. Now the t

    May 22, 2014 12:00 am JST
  • China's Tencent chats its way into Southeast Asia

    China's largest provider of social networking services, Tencent Holdings, has set its sights on expansion into the markets of Southeast Asia. Tencent intends to ride the rising popularity of its mobile messaging app, WeChat. But the question rem

    May 22, 2014 12:00 am JST
  • Singapore leader envisions Asean as mediator between powers

    SINGAPORE -- The Association of Southeast Asian Nations can play a major role in balancing power in Asia, according to Singaporean Prime Minister Lee Hsien Loong. The bloc, in Lee's view, is well-positioned to promote communication and help ease ten

    May 22, 2014 12:00 am JST
  • TPP vital not just economically but strategically: Lee Hsien Loong

    SINGAPORE -- Differences between the U.S. and Japan over tariff reductions and the reluctance of Southeast Asian nations to eliminate advantages their state-owned companies have over private rivals have hampered negotiations for the Trans-Pacific Pa

    May 22, 2014 12:00 am JST
  • Vietnamese fed up with much more than China's oil rig

    TAIPEI -- Anger over an influx of Chinese workers is fueling the anti-China protests gripping Vietnam. Public outrage boiled over last week at news of China deploying a giant oil rig in disputed South China Sea waters -- and protecting it with n

    May 22, 2014 12:00 am JST
  • China tests US mettle in South China Sea

    BEIJING -- China's construction of an oil rig in waters claimed by Vietnam is the latest in a series of moves to tighten its grip on disputed territories in the South China Sea. The actions show that President Xi Jinping's leadership is trying t

    May 22, 2014 12:00 am JST
  • Iron ore prices fall despite increased demand

    TOKYO -- Iron ore are below $100 per ton in spot trading for the first time in a year and eight months, reflecting falls in steel product prices. Lower steel product prices are prompting Chinese steelmakers to step up calls for cuts in iron

    May 21, 2014 01:00 pm JST
  • A bit of unrest no longer a bane for Southeast Asia investment

    TOKYO -- Investors have been hedging their bets in China by zeroing in on Southeast Asia, but political risks in Thailand and other countries in the region are posing a challenge to this "China plus one" strategy. Protests in Vietnam, sparked by

    May 21, 2014 06:32 am JST
  • China, Russia project unity amid international criticism

    SHANGHAI -- Chinese President Xi Jinping and his Russian counterpart, Vladimir Putin, pledged to enhance strategic cooperation in a joint statement Tuesday, finding common ground in the face of criticism of their actions on the global stage. Bot

    May 21, 2014 05:53 am JST
  • January-March gold demand flat worldwide, down in China

    TOKYO -- Global demand for gold held steady in the first three months of 2014, with demand falling in No. 1 consumer China, according to a report released Tuesday by the World Gold Council. Worldwide demand totaled 1,074 tons, virtually unchange

    May 21, 2014 03:53 am JST
  • Singapore leader envisions Asean as arbiter between powers

    SINGAPORE -- The Association of Southeast Asian Nations can play a major role in balancing power in Asia, according to Singaporean Prime Minister Lee Hsien Loong. The bloc, in Lee's view, is well-positioned to promote communication and help ease ten

    May 20, 2014 11:52 pm JST
  • TPP vital not just economically but strategically: Lee Hsien Loong

    SINGAPORE -- Differences between the U.S. and Japan over tariff reductions and the reluctance of Southeast Asian nations to eliminate advantages their state-owned companies have over private rivals have hampered negotiations for the Trans-Pacific Pa

    May 20, 2014 11:00 pm JST
  • China-Vietnam faceoff could throw wrench into supply chains

    HANOI -- The escalation in Sino-Vietnamese tensions over disputed territory has fueled fears of disrupted supply chains among foreign companies with factories in Vietnam. In the north, Samsung Electronics runs a pair of factories that are among

    May 20, 2014 04:17 am JST