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  • Nikkei Asia300 index falls as South Korean stocks drop on tax proposals

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan declined Thursday, led by South Korean shares following a proposed increase in taxes on large corporations.The Nikkei Asia 300 index lost 0.6% at 1,292.47.Nikkei's index for South Korea fel

    August 3, 2017 09:01 pm JST
  • Huawei maintains top rank in China smartphone shipments

    GUANGZHOU -- China's Huawei Technologies topped the smartphone shipment ranking in the country for the second straight quarter in the April-June period, while Apple fell a notch to fifth, according to U.S. research company International Data Corp.ID

    August 3, 2017 08:04 pm JST
  • South Korean stocks dented by planned tax hike

    HONG KONG -- Major South Korean companies, including Samsung Electronics, saw their share prices slide on Thursday, the day after the government unveiled a plan to raise taxes for big corporations and wealthy individuals.The government intends to hi

    August 3, 2017 02:03 pm JST
  • A limping Japan Display scrambles to join the OLED party

    TOKYO If one company symbolizes the decline of Japan's once-dominant display industry, it is Japan Display. The manufacturer's continued allegiance to LCDs at a time when OLED technology -- and the South Korean companies that have embraced it -- are

    August 3, 2017 10:00 am JST
  • LG Display sees opportunities in smartphone OLEDs

    SEOUL Apple's plan to equip the next generation of its iPhones with organic light-emitting diode panels presents a potential bonanza for Samsung Display, which controls more than 90% of the global market for OLED mobile phone panels. The unit of Sou

    August 3, 2017 10:00 am JST
  • Japan, US seek partners at ASEAN forum to lean on North Korea

    MANILA -- With North Korea slated to take part in the ASEAN Regional Forum next week, Japan and the U.S. will look to coordinate with other participants to put pressure on the rogue state to halt its missile provocations.The Philippines, this year's

    August 3, 2017 07:12 am JST
  • Japan seeks talks with China, others on North Korea

    TOKYO -- The Japanese government is arranging meetings with the top diplomats of the U.S., China and South Korea to reinforce cooperation on sanctions against North Korea.The discussions will take place on the sidelines of the series of ASEAN foreig

    August 3, 2017 04:48 am JST
  • South Korea exports first submarine

    SEOUL -- Daewoo Shipbuilding & Marine Engineering delivered a submarine to Indonesia's defense ministry, the company said Wednesday, the first sub export by a South Korean business.The handover of the 1,400-ton diesel vessel marked a success in comm

    August 3, 2017 04:20 am JST
  • Asian suppliers see shares jump on strong Apple results

    TOKYO/HONG KONG -- Shares of Asian suppliers for Apple soared Wednesday as the U.S. company announced a better-than-expected performance in the April-June quarter.Backed by steady iPhone sales, Apple's net profit for the quarter rose 12% on the year

    August 2, 2017 05:32 pm JST
  • South Korea proposes tax hikes for big corporations, wealthy

    SEOUL -- South Korea announced on Wednesday plans to increase the tax rates for top corporations and the wealthy starting next year. The government claims the additional tax revenues, estimated at 5.5 trillion won ($4.9 billion) annually, will be us

    August 2, 2017 03:00 pm JST
  • Situation urgent for US, allies after North Korean ICBM test

    TOKYO -- North Korea's latest launch of an intercontinental ballistic missile has forced the U.S. and its allies into crisis mode.After several months chasing a diplomatic solution to the threat posed by North Korea's arms programs, the administrati

    August 2, 2017 12:30 am JST
  • Nikkei Asia300 index advances as energy producers, insurers gain

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan rose Tuesday, as gains in crude oil prices prompted an advance in energy stocks and as earnings optimism boosted Chinese insurers. The Nikkei Asia300 Index advanced 0.4% to 1,297.71. H-shar

    August 1, 2017 08:21 pm JST
  • Asia's smartphone suppliers see bright light with new iPhone

    TOKYO -- Asia's electronic parts suppliers see a brighter future ahead, thanks to rising global demand for smartphones, including Apple's new premium iPhone.Nitto Denko, a Japanese electronic parts maker and supplier to Apple, on Monday raised its e

    August 1, 2017 12:09 pm JST
  • South Korea's exports grow for ninth straight month

    South Korean exports expanded for a ninth straight month in July on growing overseas demand for computer data storage devices, memory chips and other goods, as the global economy gains strength.Exports in July rose 19.5% from a year earlier to $48.8

    August 1, 2017 10:40 am JST
  • South Korea manufacturing PMI returns to contraction in July

    TOKYO -- The Nikkei South Korea Manufacturing Purchasing Managers' Index, or PMI, returned to contraction in July with sharp reduction in output.The composite indicator of manufacturing performance dropped to 49.1 in July from 50.1 in June when it i

    August 1, 2017 09:30 am JST
  • Lipstick wars: LG Household beats AmorePacific for first time

    SEOUL -- LG Household & Health Care outperformed its bigger rival AmorePacific Group in the second quarter thanks to its diversified product portfolio which helped the cosmetics company weather political risks stemming from conflict between South Ko

    July 31, 2017 08:44 pm JST
  • Abe, Trump agree to further steps on North Korea 'threat'

    TOKYO -- Japan's Prime Minister Shinzo Abe spoke with U.S. President Donald Trump on Monday and agreed to "take further actions on North Korea" in light of its intercontinental ballistic missile launch on July 28th.The two spoke on the phone for 52

    July 31, 2017 01:28 pm JST
  • S.Korea to keep rates accommodative for now, will review if growth picks up

    SEOUL (Reuters) -- South Korea's central bank said on Monday that moderate inflationary pressure merits the bank keeping its interest rates accommodative for now, but it will review and adjust monetary policy if growth remains strong."Economic growt

    July 31, 2017 12:11 pm JST
  • North Korea's second ICBM launch carried many surprises

    SEOUL -- North Korea's missile launch Friday broke with routine, as Pyongyang looked to unsettle the international community and demonstrate to the U.S. that it can strike America.The rogue nation tested a Hwasong-14 intercontinental ballistic missi

    July 31, 2017 09:51 am JST
  • US flies bombers over Korean peninsula after North Korea missile test

    SEOUL/NEW YORK (Reuters) - The United States flew two supersonic B-1B bombers over the Korean peninsula in a show of force on Sunday and the U.S. ambassador to the United Nations said China, Japan and South Korea needed to do more after Pyongyang's

    July 31, 2017 03:56 am JST