The Japanese spent more than they saved in the 12 months ended March 2014, the first time that's happened since the data set began in 1955.» Read More
Toyota Motor eliminated a huge obstacle with a U.S. settlement over unintended acceleration in its cars and trucks, leaving it to fight smaller cases that will be harder for plaintiffs to prove and less likely to damage the company's growing sales.
Japan's Toshiba is in talks with three parties to sell a portion of its stake in its nuclear power unit Westinghouse, according to media reports.
Prime Minister Manmohan Singh struck a downbeat note on the challenges facing the Indian economy on Thursday, dubbing a five-year plan for average growth of 8 percent "ambitious."
South Korea warned on Thursday of only a modest recovery in the economy next year while its central bank promised to focus on supporting growth for the time being, both bolstering expectations for more fiscal and monetary stimulus.
China Construction Bank said on Thursday that it is investigating allegations by investors that a clerk at the country's second-biggest lender misled them into buying a wealth management product that underperformed.
One day last summer, Pu Xiaolan was halfway through a shift inspecting iPad cases when she received a beige wooden chair with white stripes and a high, sturdy back. The NYT reports.
They may not be sexy or exciting to drive, but a new study by Consumer Reports says hybrids offer the best value for those buying a new vehicle.
Want to travel across Myanmar, the poor, isolated nation that's becoming a tourism hot spot practically overnight? You're probably going to end up boarding an aging airplane regulated by a government with dubious credibility.
Annual growth of China's industrial profits quickened to 22.8 percent in November from October's 20.5 percent, official data showed on Thursday, reinforcing signs of a steady economic recovery thanks to pro-growth policies.
Toyota Motor plans to spend $1.1 billion to resolve sweeping U.S. class-action litigation over claims that millions of its vehicles accelerate unintentionally, as the Japanese automaker looks to turn the page on the biggest safety crisis in its history.
Economic data on Thursday revealed South Korea's economy may turning around. Manufacturing outlook rose to a six month high while combined November sales at South Korea's top department stores logged their fastest growth since December 2011.
The yen fell to a two-year low on Thursday, continuing its rapid downtrend that started in the middle of last month. But analysts warn that the yen could end up firmer by the end of 2013 as the Federal Reserve will stay ahead of the Bank of Japan (BOJ) in monetary easing, which means the dollar will fall at a more rapid pace.
The Japanese currency's recent slide is just the beginning of a larger move, this pro says.
China may require Internet users to register with their real names when signing up to network providers.
New Japanese Prime Minister Shinzo Abe unveiled a cabinet stacked with close allies on Wednesday, kicking off a second administration committed to battling deflation and coping with the challenge of a rising China.
China faces rising risks in its banking sector and pressure on government revenue in 2013 while economic recovery could be hampered by weak external demand and domestic constraints, says Vice Finance Minister Li Yong.
Thai exports in November rose nearly 27 percent from a year earlier, as expected due to flooding in late 2011, and global demand remains soft, which means the country's policy rate is likely to stay low to help the export-driven economy.
Shares in Malaysian commodity firm Tradewinds (M) Bhd jumped to a five-month high on Wednesday following a 1.5 billion ringgit ($489.40 million) buyout offer by Malaysia's seventh richest man Syed Mokhtar Al-Bukhary.
Samsung Electronics said on Wednesday it had filed a complaint against Ericsson with the U.S. International Trade Commission, requesting a U.S. import ban and sales ban on some of the Swedish telecoms equipment maker's products.
Bank of Japan policymakers debated various options, such as an open-ended commitment to buy assets, as early as in November, minutes of the bank's rate review showed, a sign they were already leaning toward action back then on the worsening economic outlook.
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For many foreign firms in China, the business environment isn't what it used to be. Apart from a slowing economy, there is also a perception that international companies are being targeted by the country's regulators.
One of Chinese President Xi's priorities has been to rebuild public trust in the Chinese government and the Communist Party by purging them of corrupt practices. Has he succeeded?
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