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  • 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
  • Trump praises North Korea's Kim for 'wise' decision on Guam

    WASHINGTON (Reuters) -- U.S. President Donald Trump on Wednesday praised North Korean leader Kim Jong Un for a "wise" decision not to fire missiles towards the U.S. Pacific territory of Guam, which has eased escalating tension between the two countr

    August 17, 2017 03:31 am JST
  • Foreign financial institutions set sail for Japan once more

    TOKYO -- Foreign financial institutions that fled Japan en masse following the 2008 global financial crisis are charting courses back, smelling demand from banks struggling under negative interest rates, and the government is welcoming them.Toronto-

    August 17, 2017 02:08 am JST
  • Apple shipments on track despite Taiwan blackout, suppliers say

    TAIPEI -- Three Apple suppliers said Wednesday the power outage in Taiwan the day before did affect some of their production facilities in the country, although they saw little impact on overall operation and shipments.The three suppliers were major

    August 16, 2017 09:08 pm JST
  • Philippine suspension sends Uber further off course

    PALO ALTO, U.S./MANILA -- Uber Technologies has steered into trouble yet again, this time in the Philippines, where it has been slapped with an order to suspend its operations for a month.The ban comes as the U.S. ride-hailing company grapples with

    August 16, 2017 07:11 pm JST
  • Human rights center asks US Congress to probe HNA Group

    HONG KONG -- A group of U.S.-based Chinese activists wrote an open letter on Tuesday to the U.S. Congress and the administration, urging it to probe HNA Group over concerns that the largest shareholder of the well-connected Chinese company -- a char

    August 16, 2017 05:43 pm JST
  • Chip testing firm urges blocking rival Xcerra's sale to China fund-WSJ

    U.S. semiconductor testing company Cohu Inc is trying to block the sale of rival Xcerra Corp to a Chinese government-controlled fund citing national security concerns, the Wall Street Journal reported on Tuesday.Cohu sent its analysis of the risks r

    August 16, 2017 01:32 pm JST
  • Out of tune: Music schools clash with Japan's copyright enforcer

    TOKYO -- The Japanese word for music, ongaku, is written with a pair of Chinese characters. The first means "sound," while the second stands for "fun." But there is nothing fun about a raging dispute between the country's dominant music copyright co

    August 16, 2017 01:26 pm JST
  • Tillerson raps some U.S. allies for religious freedom violations, slams IS

    WASHINGTON (Reuters) -- U.S. allies including Saudi Arabia and Bahrain did not uphold principles of religious freedom in 2016, while Islamic State has carried out "genocide" against religious minorities, Secretary of State Rex Tillerson said on Tues

    August 16, 2017 11:18 am JST
  • Elliott Management raises stake in BHP to 5%

    MELBOURNE (Reuters) -- Hedge fund Elliott Management has raised its stake in BHP Billiton to 5 percent, stepping up a campaign to make the top global miner quit all or part of its petroleum business, boost returns and ditch its dual listing.New Yor

    August 16, 2017 09:15 am JST
  • US beef prices rise further in Japan as emergency tariff kicks in

    TOKYO -- Wholesale prices for U.S. beef are climbing even higher in Japan, fed by the country's new additional tariff on American frozen beef as well as continued robust demand from restaurants.Japan's emergency tariff took effect Aug. 1, as the nat

    August 16, 2017 06:36 am JST
  • With strike at the ready, Pyongyang gives US next move

    SEOUL/WASHINGTON -- North Korean leader Kim Jong Un has held off giving the final order for ballistic missile strikes near American territory until he sees how the U.S. responds to the latest threat -- a move that could open a window to dialogue.Kim

    August 16, 2017 06:21 am JST
  • Trump again blames 'both sides' for Virginia violence

    NEW YORK (Reuters) -- U.S. President Donald Trump insisted on Tuesday that not all of the facts were known yet about the aftermath of a white supremacist rally in Virginia that turned violent at the weekend and that both left- and right-wing groups

    August 16, 2017 06:13 am JST
  • China regains spot as largest foreign US creditor

    WASHINGTON (Reuters) -- China purchased the most Treasuries in six years in June, vaulting past Japan as the largest overseas lender to the U.S. government, according to data released by the U.S. Treasury Department on Tuesday.The world's second big

    August 16, 2017 05:56 am JST
  • Wall St ends flat; economic data offsets retailer results

    NEW YORK (Reuters) -- U.S. stocks ended little changed on Tuesday as declines in Home Depot and other retailers following results offset upbeat U.S. retail sales data.Home Depot's stock was down 2.7 percent and was the biggest drag for both the S&P

    August 16, 2017 05:43 am JST
  • US leans harder on China with trade probe threat

    WASHINGTON -- The U.S. threat of an investigation into alleged intellectual property thefts reflects President Donald Trump's frustration with Beijing in trying to enlist its help to defuse the increasingly tense North Korea standoff.Trump authorize

    August 16, 2017 05:37 am JST
  • Japan Market Pulse

    North Korea prompts silent retreat from junk bonds

    TOKYO -- The threats arising from Pyongyang's provocations and the U.S. central bank's looming decision to shrink asset holdings are quietly sapping the appetite to invest in junk bonds, a trend that could ensnare Japanese equities.Signs of the shif

    August 16, 2017 04:48 am JST
  • Next 'big short' becomes a market preoccupation

    TOKYO -- "What is your big short?"Hedge fund managers and investment bankers are tossing this question around a lot these days -- prompted, perhaps, by the 10th anniversary of BNP Paribas' suspension of funds exposed to the U.S. subprime mortgage pr

    August 15, 2017 10:24 pm JST
  • Abe, Trump focus on thwarting Pyongyang's missile plans

    TOKYO -- Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump on Tuesday agreed to work closely to prevent North Korea from firing off additional missiles, days after Pyongyang threatened to hit the waters off Guam.Speaking to reporter

    August 15, 2017 01:49 pm JST
  • Nvidia tightens grip on the autonomous-car brain

    PALO ALTO, U.S. -- Perhaps little known outside Silicon Valley, Nvidia's sharp growth in graphics processing units (GPUs) -- supported by rising demand for artificial intelligence -- has catapulted the company into a serious challenger to the chip i

    August 15, 2017 11:26 am JST