Asia/Pacific

Japan to roll out aerospace hope with first commercial jet in half a century

Mitsubishi Aircraft will roll out Japan's first commercial jet in more than 50 years on Saturday, amid doubts its ambition to sell more than 2,000 of the planes can match reality in the market segment.


China to punish carmakers who fail to meet fuel targets in 2015

China said on Thursday it would punish carmakers by restricting their production and publicly naming them if they fail to meet fuel consumption requirements on passenger vehicles set for 2015.

Asia stocks regain some poise as U.S. data calm investor nerves

Asian stocks clawed back some of this week's losses on Friday after a solid set of U.S. data calmed turbulence in global financial markets, though underlying worries about slowing world economic growth kept investors on edge.

Alibaba affiliate Alipay rebranded Ant in new financial services push

Chinese e-commerce firm Alibaba Group Holding Ltd said on Thursday it has changed the name of its Alipay financial services affiliate to Ant Financial Services Group as it steps up its push into the financial services industry.


Latest News

Japan's pro-casino lawmakers have agreed to consider setting limits on Japanese nationals' entry to casinos, bowing to pressure from opponents who threatened to block a legalization bill unless it addressed issues such as gambling addiction.
Japan's Toyota Motor Corp (7203.T) said on Wednesday it would recall a total 1.67 million vehicles globally in a voluntary move to address three separate defects including a faulty brake master cylinder that could hinder the brake's performance.
Japan's Dai-ichi Life Insurance Co Ltd (8750.T) will raise $1 billion by issuing dollar-denominated subordinated bonds in overseas markets, a source with direct knowledge of the matter said on Wednesday.
Cheil Industries Inc, widely seen as the de facto holding company of Samsung Group [SAGR.UL], is likely to offer around 1.5 trillion won ($1.41 billion) worth of shares in its upcoming initial public offering (IPO), a person with knowledge of the matter said on Wednesday.
Seasonal rains are set to disrupt nickel mining in the Philippines for the next four months or so, crimping exports to top buyer China and stoking a shortfall in the global supply of ore.
Asian stocks were cautiously up on Wednesday as benign inflation data in China and more gloom in the euro zone economy lent credence to fears of a faltering global economic recovery.
A Chinese drugmaker with close military ties is seeking fast-track approval for a drug that it says can cure Ebola, as China joins the race to help treat a deadly outbreak of a disease that has spread from Africa to the United States and Europe.
China will scrap some charges for homebuyers who borrow from a government housing fund, state media said on Monday, as Beijing makes another move to boost the weak property market by reducing costs.
Intel's investment of up to $1.5 billion in two fast-growing Chinese mobile chipmakers has effectively aligned the U.S. giant with a third party - a Beijing government intent on producing a viable domestic challenger to the likes of Qualcomm and Samsung.
Samsung Electronics Co Ltd does not expect a price war to break out in the semiconductor industry next year even though it is ramping up capacity, the chief executive of the world's biggest memory chip maker said on Tuesday.
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