Category: Asia

Some Indian officials have baulked at Apple’s (AAPL.O) demands for concessions before it assembles iPhones there, raising doubts about a spring deadline to launch a key project in Prime Minister Narendra Modi’s campaign to lure foreign investors. The country is still keen for the U.S. tech giant to produce its signature smartphones there, and Information…

China and the United States can resolve any trade disputes through talks, the government said on Thursday, as a Chinese newspaper warned U.S. business could be targets for retaliation in any trade war ushered in by President-elect Donald Trump. Trump, who is sworn into office on Friday, has criticized China’s trade practices and threatened to…

Asian shares slipped on Thursday and the dollar rebounded after Federal Reserve Chair Janet Yellen signaled that the U.S. central bank is poised to pursue a path of steady interest rate hikes. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slumped 0.3 percent. Financial spreadbetters see modest opening gains for European bourses. On Wall…

China’s massive export engine sputtered for the second year in a row in 2016, with shipments falling in the face of persistently weak global demand and officials voicing fears of a trade war with the United States that is clouding the outlook for 2017. In one week, China’s leaders will see if President-elect Donald Trump…

The U.S. dollar nursed widespread losses on Thursday after President-elect Donald Trump’s long-awaited news briefing provided scant clarity on future fiscal policies, disappointing bulls wagering on major stimulus. Yet neither did Trump mention possible tariffs against Chinese exports, a relief for Asian share markets that have feared the outbreak of a global trade war. It…

More electric cars are sold in China than in the rest of the world combined, but are mainly locally-branded models that are cheaper and have a shorter range than those offered by foreign automakers such as Tesla (TSLA.O) and Nissan (7203.T). The Chinese-branded electric vehicle (EV) market is propped up by huge government subsidies as…

Special South Korean prosecutors questioned the head of top conglomerate Samsung Group [SAGR.UL] on suspicion of bribery on Thursday in an influence-peddling scandal that led to President Park Geun-hye’s impeachment. Park remains in office but has been stripped of her powers while the Constitutional Court decides whether to uphold the December impeachment and make her…

A South Korean special prosecutor’s office will question Samsung Group [SAGR.UL] leader Jay Y. Lee as a suspect in the widening influence-peddling scandal that led to a parliamentary vote to impeach President Park Geun-hye. Prosecutors have been looking into whether Samsung payments of about 30 billion won ($25 million) for a business and foundations backed…

Asian shares rose to two-month highs on Wednesday as investors looked to President-elect Donald Trump’s news conference later in the day for clues on his policies on taxes, fiscal spending, international trade and currencies. While Trump’s election campaign calls for tax cuts and more infrastructure spending have boosted U.S. shares and the dollar, his protectionist…