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  • South Korea to ban ICO fundraising, following China

    SEOUL -- The South Korean financial watchdog will forbid initial coin offerings, it said Friday, prompted by signs that the fundraising method would be used to speculate on prices.The Financial Services Commission said it aims to protect financial m

    September 30, 2017 06:32 am JST
  • Japan's foreign minister in talks to visit China in November

    TOKYO -- Japanese Foreign Minister Taro Kono said Friday he is making arrangements for a November trip to China to discuss plans for Prime Minister Shinzo Abe and President Xi Jinping to exchange state visits in 2018.Kono intends to meet with his co

    September 30, 2017 02:02 am JST
  • Tesla taps Samsung cells for huge Aussie energy-storage facility

    PALO ALTO, U.S. -- Tesla's massive Australian energy-storage facility, which CEO Elon Musk vowed to build quickly after regional outages, will be equipped with battery cells from Samsung SDI instead of main supplier Panasonic. The decision to use Sa

    September 30, 2017 01:33 am JST
  • Nikkei Asia300 Index rises tracking U.S. stocks, rebound in regional currencies

    MUMBAI (NewsRise) -- Asian stocks outside of Japan rose Friday, after the S&P 500 index hit a record high in U.S. overnight and as regional currencies rebounded against the dollar.The Nikkei Asia300 Index advanced 0.2% to 1,291.46. However, the inde

    September 29, 2017 08:17 pm JST
  • SK Hynix's $3.5bn bet on Toshiba Memory may not open many doors

    SEOUL -- SK Hynix aims to secure a place at the forefront of the growing flash memory market with its 395 billion yen ($3.5 billion) investment in Toshiba's semiconductor unit, but limited voting rights could restrict its maneuvering room.SK Hynix o

    September 29, 2017 05:19 pm JST
  • Japan's once-mighty chip industry on the brink

    TOKYO -- The planned sale of Toshiba Memory will keep the last stronghold of a chip industry that once dominated the world under majority Japanese control, but whether it can remain competitive with a complex new ownership structure remains far from

    September 29, 2017 06:17 am JST
  • South Korea's SK Hynix plans central R&D hub

    SEOUL -- South Korean chipmaker SK Hynix said Thursday it will invest more than 200 billion won ($174 million) in a new facility at a research and development base outside Seoul, looking to consolidate domestic R&D operations to improve efficiency.T

    September 29, 2017 02:09 am JST
  • Nikkei Asia300 Index falls on losses in airline stocks

    MUMBAI (NewsRise) -- Asian shares outside of Japan fell Thursday, as airline stocks extended losses and a proposed U.S. tax cut boosted the dollar.The Nikkei Asia300 Index shed 0.6% to close at 1,288.56. The H-shares of China Eastern Airlines and Ch

    September 28, 2017 08:42 pm JST
  • Toshiba at a turning point: what does the future hold?

    TOKYO -- Toshiba's turmoil may finally be reaching a turning point. After months of flip-flopping, the Japanese conglomerate finally agreed on a deal to sell its prized memory unit to a consortium led by U.S. private-equity firm Bain Capital on Thur

    September 28, 2017 08:40 pm JST
  • Samsung and Lenovo stumble in China's smartphone market

    CHONGQING -- Samsung Electronics and the Lenovo Group -- big names around the world -- are being cut down to size in certain Chinese markets.Samsung, recently crowned Asia's most valuable brand, holds 1% of China's smartphone market. Lenovo has even

    September 28, 2017 07:06 pm JST
  • Nicholas Spiro

    Emerging Asia investors may finally be turning more cautious

    Despite the dramatic escalation of tensions on the Korean peninsula and the resolve of the U.S. Federal Reserve to withdraw monetary stimulus, Asian government debt is still benefitting from hefty inflows. This year's cumulative inflows are already

    September 28, 2017 01:00 pm JST
  • Company in focus: China's BOE aims to become the new king of displays

    CHENGDU, China Inside a five-story factory the size of 14 soccer fields, known simply as B7, the race is on to dominate the lucrative market for next-generation smartphone display panels.Motivational posters and signs adorn the clean white hallways

    September 28, 2017 10:00 am JST
  • Asia's multinationals are hoarding cash like never before

    TOKYO Japan's Toyota Motor has always been known for squirreling away cash. But these days the automaker -- nicknamed "Toyota Bank" for its $143 billion of reserves -- has plenty of company, especially among new Asian multinationals.Since 2000, the

    September 28, 2017 10:00 am JST
  • North Korea and the US take their verbal sparring to the UN

    NEW YORK/TOKYO The war of words between Washington and Pyongyang escalated with North Korea sending an open letter to foreign parliaments warning that recent comments by U.S. President Donald Trump have increased the chances of nuclear war.The lette

    September 28, 2017 10:00 am JST
  • Japan is losing out in the Pacific fish wars

    TOKYO In a time of rising military tensions, the world is already at war over fish, and seafood-loving Japan is finding itself on the losing side as fish-hungry economies like China, North Korea, Taiwan and the U.S. pursue ever bigger catches.It is

    September 28, 2017 10:00 am JST
  • LG plans 'smart,' AI-powered plant in South Korea

    SEOUL -- LG Electronics is building a 600 billion won ($525 million) factory in South Korea equipped with artificial intelligence and "internet of things" technology.The structure, with a floor space of 336,000 sq. meters, is to be completed in 2023

    September 28, 2017 03:47 am JST
  • Nikkei Asia300 Index little changed as Fed, North Korea fears weigh on sentiment

    HONG KONG (Nikkei Markets) -- Asian stocks outside of Japan ended little changed on Wednesday, as lingering geopolitical tensions and concern the U.S. Federal Reserve may raise interest rates damped investor sentiment.The Nikkei Asia300 Index of som

    September 27, 2017 08:47 pm JST
  • SK Hynix set to invest in Toshiba chip unit, details consortium's plans

    SEOUL/TOKYO (Reuters) -- South Korea's SK Hynix said on Wednesday its board had approved its participation in a Bain Capital-led consortium that plans to purchase Toshiba Corp's memory chip unit for 2 trillion yen ($17.7 billion).SK Hynix said in a

    September 27, 2017 07:52 pm JST
  • Get ready for the age of centenarians

    TOKYO -- Benjamin Franklin, one of the U.S. founding fathers, once observed, "In this world, nothing can be said to be certain, except death and taxes." While this is still true, humanity has made great strides toward delaying our own expiry date.Bu

    September 27, 2017 12:13 pm JST
  • Indonesia, Vietnam leap up global competitiveness list

    GENEVA -- The World Economic Forum's latest global competitiveness list presents a mixed picture for Asia, with big gains by Indonesia and Vietnam and demotions for the likes of Japan and India.The Global Competitiveness Report 2017-2018, released o

    September 27, 2017 07:05 am JST