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  • Asian auto companies make big inroads in Brazil

    SAO PAULO -- As Brazil's auto sales recover from a deep slump, the market landscape has changed drastically. Asian automakers, especially South Korea' s Hyundai Motor, as well as Japan's Toyota Motor and Honda Motor have taken big bites out of a pie

    February 17, 2018 03:00 pm JST
  • US Commerce Department proposes hefty import curbs on steel, aluminum

    WASHINGTON (Reuters) -- The U.S. Commerce Department has recommended that President Donald Trump impose steep curbs on steel and aluminum imports from China and other countries ranging from global and country-specific tariffs to broad import quotas,

    February 17, 2018 09:04 am JST
  • North Korea keeps low profile for birthday of Kim's father

    SEOUL -- North Korea refrained from provocative actions tied to former leader Kim Jong Il's birthday Friday, keeping a conciliatory stance symbolized by its participation in the Winter Olympics in South Korea.North Korean leader Kim Jong Un visited

    February 17, 2018 03:03 am JST
  • China outstrips South Korea as world's No. 2 LNG importer

    BEIJING/TOKYO -- On the back of a massive government push toward cleaner-burning fuel to combat air pollution, China last year surpassed South Korea to become the world's second-largest importer of liquefied natural gas for the first time.China impo

    February 17, 2018 12:36 am JST
  • Nikkei Asia300 Index little changed as Indian banks fall

    MUMBAI (NewsRise) -- Asian stocks outside of Japan ended little changed on Friday as losses in Indian lenders offset positive U.S. cues.The Nikkei Asia300 Index ended almost unchanged at 1,445.71. For the week, it added about 4%, rebounding from the

    February 16, 2018 08:36 pm JST
  • Lotte boss's jail term keeps South Korean executives feeling trapped

    SEOUL -- A prison sentence handed down to Lotte Group Chairman Shin Dong-bin has put South Korea's conglomerates on edge again, days after the release of Samsung heir Lee Jae-yong had many executives breathing sighs of relief.Shin, who also goes by

    February 16, 2018 03:30 pm JST
  • North Korea seeks easing tensions, but vows to advance nuclear power

    BEIJING (Kyodo) -- North Korea called on South Korea on Friday to abandon its joint military drills with the United States to improve inter-Korean ties further, while reiterating its eagerness to advance its nuclear capacity to make the country a mi

    February 16, 2018 02:59 pm JST
  • OLED panel glut looms as Apple slashes iPhone X production

    TOKYO -- Samsung Electronics is casting about for new customers for its organic light-emitting diode panels, now that its top client Apple has slashed production of the iPhone X due to weak demand. Having ramped up production capacity to meet demand

    February 16, 2018 02:15 pm JST
  • Japan's new US envoy eyes removal of 'comfort women' statues

    TOKYO -- Japan's incoming ambassador to the U.S. looks to convince American cities to remove statues commemorating wartime "comfort women," and to strengthen dialogue with the American government, he told reporters here Thursday.Shinsuke Sugiyama, f

    February 16, 2018 04:08 am JST
  • Japan, U.S. to hold enhanced tabletop exercise on missile defense

    TOKYO (Kyodo) -- Japan and the United States will hold a tabletop exercise for ballistic missile defense on a larger scale than before, in their latest show of unity against North Korea, the Japanese Defense Ministry said Thursday.The annual exercis

    February 16, 2018 01:01 am JST
  • Nikkei Asia300 Index rises as Wall Street recovery continues

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Thursday, as a faster-than-expected U.S. inflation data did little to derail the recovery in global equity markets.The Nikkei Asia300 Index advanced 1.1% to 1,445.81. Trading was subdued with H

    February 15, 2018 08:34 pm JST
  • Record Chinese tourists flock abroad for Lunar New Year

    SHANGHAI -- A record number of Chinese travelers are seen heading abroad during their week off for the Lunar New Year holiday, bringing heavy consumer appetites to destinations that have previously escaped tourists' notice.Some 6.5 million people ar

    February 15, 2018 11:00 am JST
  • Winter Olympics yield a North-South thaw, but will it last?

    SEOUL The Winter Olympics are taking on a markedly political tone as North Korea tries to drive a wedge between South Korea and the U.S. with an aggressive charm offensive.But while there seems to be a thawing of tensions between the two Koreas, Seo

    February 15, 2018 10:00 am JST
  • China's SMIC vows to step up its chip technology as profits sag

    TAIPEI Chinese contract chipmaker Semiconductor Manufacturing International Corp. has vowed to bring its chip technologies up to speed with the help of government support, despite deteriorating profits and a slowing mobile market.Co-chief Executive

    February 15, 2018 10:00 am JST
  • Abe and Trump united in demanding nuclear-free North Korea

    TOKYO -- Japanese Prime Minister Shinzo Abe and U.S. President Donald Trump agreed during a phone call Wednesday night to continue exerting maximum pressure on North Korea, while reaffirming that the reclusive state must agree to denuclearize before

    February 15, 2018 05:03 am JST
  • US calls North Korea out on charm offensive

    WASHINGTON -- Despite recent comments hinting at a potential dialogue between the U.S. and North Korea, Washington remains firm that any talks must be predicated on ending Pyongyang's nuclear and missile development programs."The maximum pressure ca

    February 15, 2018 04:51 am JST
  • South Korea covers $2.6m tab for North's cheer squad and musicians

    SEOUL -- South Korea will allocate 2.86 billion won ($2.64 million) for expenses related to the North Korean cheerleaders, orchestra members and others attending the Winter Olympics, the most aid it has extended to Pyongyang for a sports event held

    February 15, 2018 04:08 am JST
  • GM restructuring plan hits Moon's jobs drive

    SEOUL -- GM Korea's announcement this week that it will shut its Gunsan plant in May has upset the Moon Jae-in government, which has made job creation its top economic policy. The timing was also bad for the liberal administration, which is eager to

    February 14, 2018 11:01 pm JST
  • Nikkei Asia300 Index gains ahead of key US inflation data

    MUMBAI (NewsRise) -- Asian stocks outside of Japan advanced Wednesday ahead of the release of a keenly watched U.S. inflation data. Upbeat economic reports from Malaysia and Singapore boosted the appetite for equities.The Nikkei Asia300 Index rose 1

    February 14, 2018 08:57 pm JST
  • South Korea to take dispute on US steel anti-dumping duties to WTO

    SEOUL (Reuters) -- South Korea's trade ministry said on Wednesday it will take a dispute to the World Trade Organization against the United States for imposing high anti-dumping duties on South Korean steel and transformers.The move comes after the

    February 14, 2018 06:49 pm JST