Asia: Business


  • Chief executive Mark Karpeles, bowing in contrition and wearing a suit instead of his customary T-shirt, apologised in Japanese at a news conference for the company's collapse, blaming "a weakness in our system."

  • Gox, once the world's biggest bitcoin exchange, has filed for bankruptcy protection at the Tokyo District Court, Japanese media reported on Friday. The website of Tokyo- based Mt. Gox went dark on Tuesday, raising concerns about the future of the unregulated virtual currency.

  • *Sun Art hit 1-1/ 2- year low ahead of 2013 earnings. HONG KONG, Feb 28- Hong Kong shares fell on Friday afternoon, with mainland markets also weaker, as investors cut their exposure in cyclical outperformers ahead of a manufacturing survey and a key China parliamentary meeting next week.

  • CORRECTED-Weatherford to hive off non-core businesses Tuesday, 25 Feb 2014 | 7:13 PM ET

    Feb 25- Oilfield services provider Weatherford International Ltd said it would divest five businesses, exit another as it struggles with weak demand in North America, and has identified 6,192 positions for job cuts as part of a previously announced plan.

  • Five reasons China will fail to dominate Tuesday, 11 Feb 2014 | 7:00 AM ET
    woman walks with her child on a street as schools were closed due to the heavy smog in Jilin, northeast China's Jilin province.

    China may have the world’s second-largest economy but here are five reasons why it will fail to dominate global commerce, says investor Ed Sappin.

  • Most Chinese firms to list in US since 2010 Monday, 10 Feb 2014 | 6:35 PM ET

    Chinese companies are flocking to the U.S. IPO market, undeterred by an accounting row between Washington and Beijing.

  • Tata Motors executive Slym dies in fall from hotel Sunday, 26 Jan 2014 | 10:06 AM ET
    Karl Slym, managing director of Tata Motors Ltd.

    Karl Slym, managing director of India's Tata Motors, died on Sunday after falling from a high floor of a hotel in Bangkok, the company said.

  • Mobile payments gaining traction with India's poor Thursday, 5 Dec 2013 | 3:21 PM ET
    Indian people using mobile phones near Hyderabad.

    Wireless money transfers are gaining traction in India as residents are embrace mobile payments systems similar to those already popular in Kenya.

  • China Mobile drops hint of long-awaited Apple deal Tuesday, 3 Dec 2013 | 8:42 AM ET
    Apple iPhone 5s

    Apple may finally have struck an iPhone distribution deal with China Mobile, Fortune.com reports.

  • Indian outsourcer faces fine for US visa infractions Tuesday, 29 Oct 2013 | 7:54 AM ET

    India's Infosys said it was in the process of reaching a settlement with the U.S. over the company's alleged misuse of temporary business visas.

  • Bangladesh garment workers protest, factories shut Monday, 23 Sep 2013 | 9:25 AM ET
    Bangladeshi garment workers shout slogans during a protest in Dhaka on September 23, 2013.

    More than 100 Bangladeshi garment factories were forced to shut as thousands of workers protested low minimum wages, police and witnesses said.

  • China's second-richest man attacked near home Wednesday, 18 Sep 2013 | 10:41 AM ET
    Zong Qinghou, chairman of Hangzhou Wahaha Group Co.

    China's second richest tycoon, Zong Qinghou, was attacked near his home in Zhejiang, Xinhua and suffered serious injuries to his hand.

  • Corruption backlash offers India hope Tuesday, 10 Sep 2013 | 11:15 AM ET
    A man counts Indian rupee notes near the Bombay Stock Exchange building.

    Some economists believe India's slowdown may help turn the country away from the corruption and crony capitalism that fueled the recent boom.

  • The next US alcohol craze may come from China Sunday, 18 Aug 2013 | 11:00 AM ET
    Workers  package baijiu liquor in China.

    Baijiu, the most popular alcoholic drink you've probably never heard of, could make its way to a liquor store near you soon.

  • Smog-Choked China Plans to Restrict Car Purchases Thursday, 11 Jul 2013 | 1:23 PM ET
    Smog chokes Beijing in this photo taken June 5, 2013.

    China plans new restrictions on vehicle sales in eight more cities in hopes it can curtail its worsening smog problems as roads become choked with traffic.

  • The Huge Trade Deal You've Probably Never Heard Of Wednesday, 26 Jun 2013 | 2:24 PM ET

    The Trans-Pacific Partnership could be the biggest trade deal since the World Trade Organization. But critics say it's steeped in secrecy and that makes it dangerous.

  • Yet Another Toyota Recall...This Time Its Hybrids Wednesday, 5 Jun 2013 | 6:37 AM ET
    The Toyota Prius C.

    Toyota Motor is recalling about 242,000 gas-electric hybrid vehicles worldwide, including the bestselling Prius model, due to a brake design flaw, the automaker said.

  • Glencore Shareholders Dump Chairman in Coup Thursday, 16 May 2013 | 12:18 PM ET

    A shareholder coup at newly merged commodities group Glencore Xstrata ousted chairman Sir John Bond on Thursday, along with all other former directors from Xstrata.

  • Sharp to Tap Samsung, Banks in Bid to Survive Tuesday, 14 May 2013 | 10:34 AM ET

    Japanese display maker Sharp will aim to boost sales to the iPhone maker's rival Samsung Electronics under a three-year rehabilitation roadmap.

  • Hess Splits Chair, CEO in Bid to Thwart Activist Friday, 10 May 2013 | 9:33 AM ET

    Hess plans to split the roles of chief executive and chairman, countering efforts by an activist investor to shake up management at the oil and gas producer.