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  • 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
  • China-fueled property boom distorts markets in Asia-Oceania

    SINGAPORE -- As red-hot investment money from China continues to drive up real estate prices in Asia and Oceania, local authorities have started taking steps to curb the enthusiasm before things get out of control.In Hong Kong, a group of investors

    February 14, 2018 03:50 pm JST
  • Lotte's long-term strategy endangered by chief's jail term

    TOKYO/SEOUL -- The Lotte group's leader was sentenced Tuesday to 30 months in prison for bribery, leaving a vacuum at the top of the Japanese-South Korean conglomerate that could hinder its ability to plan for the future.Lotte Group Chairman Shin Do

    February 14, 2018 07:38 am JST
  • North Korea keeps up Olympic 'smile diplomacy'

    SEOUL -- North Korea seems intent on maintaining its improved relations with the South, raising speculation that it may halt its military provocations in a bid to prevent planned joint exercises by U.S. and South Korean forces.Kim Jong Un, North Kor

    February 14, 2018 06:36 am JST
  • Coincheck offers no timeline for repaying hack victims

    TOKYO -- Even after lifting a freeze on yen withdrawals imposed after a massive hack attack, Coincheck has yet to say when victims will be compensated or other transactions will resume.The company "has set aside funds out of our own capital" to repa

    February 14, 2018 04:08 am JST
  • US intelligence chief says North Korea 'decision time' is near

    WASHINGTON (Reuters) -- The U.S. director of national intelligence warned on Tuesday that time was running out for the United States to act on the threat posed by North Korea's nuclear weapons program.North Korea presents "a potentially existential"

    February 14, 2018 03:31 am JST
  • Google poaches Samsung's technology chief

    SEOUL -- Google has poached Samsung Electronics' former Chief Technology Officer Rhee In-jong to strengthen its internet of things business, with an aim to connecting a wide range of its services from its cloud to vehicles to voice assistants and ho

    February 13, 2018 09:28 pm JST
  • Nikkei Asia300 Index extends gains as Wall Street recovers

    NEW DELHI (NewsRise) -- Asian stocks outside of Japan advanced for a second day as a global equity selloff sparked by a pullback in U.S. equities last week abated.The Nikkei Asia300 Index rose 1.1% to 1,414.30 on Tuesday, extending Monday's 0.6% adv

    February 13, 2018 08:23 pm JST
  • Friend of South Korea's ex-President Park handed 20 years in jail

    SEOUL -- The Seoul Central District Court sentenced former President Park Geun-hye's lifelong friend Choi Soon-sil to 20 years in prison on Tuesday for abuse of power and extorting tens of billions of won from conglomerates, increasing the odds that

    February 13, 2018 06:47 pm JST
  • GM to shut South Korean plant, more cuts could follow

    DETROIT (Reuters) -- General Motors Co said it will close one of its four plants in South Korea and incur an $850 million impairment charge as part of a restructuring of its money-losing business in Asia's fourth-biggest economy.The U.S. automaker s

    February 13, 2018 02:14 pm JST
  • Abe says he asked North Korea ceremonial leader to return all abductees

    TOKYO (Kyodo) -- Prime Minister Shinzo Abe said Tuesday he asked North Korea's ceremonial leader Kim Yong Nam to return all Japanese nationals abducted to the country when the two had a brief chat last week at a reception ahead of the Pyeongchang Wi

    February 13, 2018 12:03 pm JST
  • North Korea leader says important to shore up dialogue with South: KCNA

    SEOUL (Reuters) -- North Korea's leader Kim Jong Un said it is important to boost the "warm climate of reconciliation and dialogue" after meeting with the high-level delegation that returned to the North after their three-day visit in the South for

    February 13, 2018 10:09 am JST
  • David S. Lee

    South Korean regulators need to learn to love cryptocurrencies

    South Korea has emerged as a key driver in the global trading of bitcoin, Ethereum and other cryptocurrencies even though local investors often pay a premium of up to 40% over world prices when buying them.But Seoul has recently introduced measures

    February 13, 2018 07:00 am JST
  • US to push for 'reciprocal tax' on trade partners: Trump

    WASHINGTON (Reuters) -- U.S. President Donald Trump said on Monday he would push for a "reciprocal tax" against countries, including U.S. allies, that levy tariffs on American products, but officials did not provide details on how such a tax would b

    February 13, 2018 06:34 am JST
  • South Korea insists thaw with North depends on nuclear arms cuts

    SEOUL -- South Korea needs to see progress by Pyongyang toward denuclearization in order to pursue talks toward improving relations following the recent visit by a North Korean delegation for the Olympics, the South's Unification Ministry says.The v

    February 13, 2018 04:07 am JST
  • Nikkei Asia300 Index rebounds after U.S. equities gain

    MUMBAI (NewsRise) -- Asian stocks outside of Japan, tracking a recovery in U.S. equities, rebounded Monday, even as investors braced for more volatility this week.The Nikkei Asia300 Index advanced 0.6% to 1,398.82, after slumping 7.5% in the previou

    February 12, 2018 08:57 pm JST
  • Mattis says too early to tell if Olympic thaw between Koreas will lead to results

    ROME (Reuters) -- U.S. Defense Secretary Jim Mattis said on Sunday it was too early to tell whether a diplomatic detente between the two Koreas at the Winter Olympics would lead to results, but the move had not driven a wedge between Washington and

    February 12, 2018 08:20 am JST
  • Japan's suppliers eagerly eye market for foldable smartphones

    TOKYO -- Japan's materials makers are tapping their technological prowess to develop components for bendable OLED panels, as they get serious about securing their role in the production of foldable smartphones.Samsung Electronics of South Korea and

    February 12, 2018 05:23 am JST
  • Emerging markets see biggest portfolio outflow in 14 months

    TOKYO -- Emerging markets suffered last week their biggest net portfolio outflows since the 2016 U.S. presidential elections, with Asia taking the biggest hit, data from the International Institute of Finance shows.Investors pulled out $5.2 billion

    February 12, 2018 01:17 am JST