• Hagel, Chang air differences over disputed islands Tuesday, 8 Apr 2014 | 1:14 AM ET

    BEIJING— The defense chiefs of China and the U.S. faced off Tuesday over Beijing's escalating territorial disputes in the region, with U.S. And he said America will protect Japan, the Philippines and other allies locked in disputes with China, as laid out in U.S. treaty obligations.

  • Samsung's profit falls as smartphones get cheaper Monday, 7 Apr 2014 | 8:00 PM ET

    SEOUL, South Korea— Declining smartphone prices hit profit at Samsung Electronics Co. for a second straight quarter. The average price of a Samsung smartphone this year will likely be $275, down 9 percent from 2013, according to Chung Chang- won, an analyst at Nomura Financial Investment.

  • Australia, Japan agree on free trade deal Monday, 7 Apr 2014 | 2:10 AM ET

    TOKYO— Japan and Australia have agreed on a free trade deal that both sides say will yield windfalls for their economies. The deal calls for Japan to gradually phase out its nearly 40 percent tariffs on Australian exports of beef.

  • Australian PM in Japan, hoping to reach trade deal Sunday, 6 Apr 2014 | 10:43 PM ET

    TOKYO— Australian Prime Minister Tony Abbott is leading a business mission of some 600 people to Tokyo, where he hopes to reach a free trade agreement during a summit with his Japanese counterpart, Shinzo Abe. Japan is Australia's second-biggest trading partner after China and a major customer for its beef and other farm goods.

  • UNITED NATIONS, April 4- North Korea said on Friday that the world would have to "wait and see" when asked for details of "a new form" of nuclear test it threatened to carry out after the United Nations Security Council condemned Pyongyang's recent ballistic missile launch. North Korea fired two medium-range Rodong ballistic missiles into the sea on March 26.

  • WASHINGTON, April 3- The United States, Japan and South Korea will hold talks in Washington next week aimed at finding ways to persuade North Korea to give up its nuclear weapons program, the U.S. State Department said on Thursday.

  • SEOUL, April 3- South Korea should shift away from a quota system on rice imports to ease pressure from the World Trade Organisation to open its markets for the grain, agricultural industry and government officials in the country said on Thursday.

  • NEW YORK/ LONDON/ BEIJING, April 1- Manufacturing in Asia and Europe finished the first quarter on a weaker note but activity in the United States remained relatively steady, suggesting severe winter weather in North America had only a modest effect on U.S. factories.

  • LONDON/ BEIJING, April 1- Major economies in Asia and Europe finished the first quarter on a weaker note, with key manufacturing surveys fuelling expectations policymakers may be forced to act in coming months to prop up faltering growth.

  • *China, Indonesia manufacturing PMIs hit multi-month lows. *Japan business outlook weaker as sales tax rises. BEIJING/ TOKYO, April 1- Asia's major economies finished the first quarter on a weak note with manufacturing surveys in China and Japan fuelling expectations that policymakers will be forced to act in coming months to prop up faltering growth.

  • *Concerns about China prospects linger. SEOUL, April 1- Advanced economies stepped up their purchases of goods from South Korea last month, data showed on Tuesday, a hopeful sign global consumption will underpin Asia's export-reliant economies even as slackening demand in China drags on regional growth.

  • S.Korea to allow sales of Merck's Zilmax from June Monday, 31 Mar 2014 | 11:21 PM ET

    SEOUL, April 1- South Korea will allow certain levels of animal feed additive zilpaterol in beef from June, a government official said on Tuesday, opening the door to imports of some meat containing the growth enhancer and its domestic sale.

  • SEOUL, April 1- South Korea's exports grew more strongly than expected last month while a private survey showed a pickup in manufacturing sector activity, suggesting that Asia's fourth-largest economy continues to recover.

  • *Hyundai says to sign deal on Chongqing plant on Thursday. "Considering China's future demand growth outlook, we need to build a new plant to maintain our stable market share of 10 percent in China," Hyundai said in a statement on Wednesday.

  • Reuters Business News Schedule at 0430 GMT/12.30AM ET Wednesday, 26 Mar 2014 | 12:30 AM ET

    SINGAPORE/ KUALA LUMPUR- Even before the loss of its Flight MH370, Malaysian Airline System was bleeding cash, prompting talk that it may need another financial rescue from state investor Khazanah Nasional Bhd, its majority shareholder.

  • WASHINGTON, March 24- South Korea on Monday became the 10th country to choose Lockheed Martin Corp.' s F-35 fighter jet to replace aging warplanes, a boost for the Pentagon's biggest weapons program at a time when Italy, Canada and other countries are rethinking their procurement plans.

  • North Korea fires 30 short-range rockets -Yonhap Friday, 21 Mar 2014 | 8:49 PM ET

    SEOUL, March 22- North Korea fired 30 short-range rockets into the sea off the east of the Korean peninsula early on Saturday, South Korea's Yonhap news agency reported, citing the Joint Chiefs of Staff in South Korea.

  • TOKYO, March 20- Japanese companies are concerned about Prime Minister Shinzo Abe's forceful diplomacy with neighbours like China, at a time when demand from Asia's giant appears to be ebbing, a Reuters survey showed. More than half the executives in the Reuters Corporate Survey said demand from China is peaking or declining.

  • *C.bank holds policy-setting meeting on March 27. MANILA, March 20- The Philippine central bank, in its strongest hint that interest rates may be hiked soon, said on Thursday that "measured" adjustments in monetary policy may be needed even though it expects inflation to stay within its target.

  • EXCLUSIVE-The mysterious journey of the Libya oil tanker Wednesday, 19 Mar 2014 | 11:01 AM ET

    TRIPOLI/ LONDON, March 19- What began late last year as a routine new assignment for Pakistani sea captain Mirza Noman Baig ended in a dramatic night-time rescue as U.S. special forces seized the ship his family said he was forced to operate by Libyan rebels.

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