Latest East Asia News

Report: US investigating whether Huawei stole trade secrets

Jan. 16, 2019 5:27 PM EST

WASHINGTON (AP) — The Wall Street Journal reports U.S. prosecutors are investigating whether Chinese tech giant Huawei stole trade secrets from U.S. companies. The newspaper says investigators are looking into whether the company stole technology behind a robotic device that T-Mobile used to test...

Rose makes 2019 debut with the No. 1 ranking

Jan. 16, 2019 5:23 PM EST

LA QUINTA, Calif. (AP) — The timing couldn't be better for Justin Rose, or for the Desert Classic. Rose played so much golf toward the end of last year that he wasn't quite ready to fly from his home in the Bahamas to Hawaii to start 2019 against a winners-only field at Kapalua. Instead, he decided to...

Big bank rally helps US stocks finish higher; Goldman soars

Jan. 16, 2019 4:44 PM EST

NEW YORK (AP) — Banks surged Wednesday following strong results from a slew of financial companies, and U.S. stock indexes finished broadly higher. Concerns about trade tensions between the U.S. and China derailed a bigger gain. Financial and investment companies surged as fourth-quarter reports from Wall...

US says China's death sentence against Canadian political

Jan. 16, 2019 3:29 PM EST

TORONTO (AP) — The U.S. State Department said Wednesday China's death sentence on a Canadian man is "politically motivated." The statement from U.S. deputy spokesman Robert Palladino said that U.S. Secretary of State Mike Pompeo and Canadian Foreign Minister Chrystia Freeland spoke Tuesday and "expressed...

Sri Lanka considers big China loan to repay foreign debts

Jan. 16, 2019 1:10 PM EST

COLOMBO, Sri Lanka (AP) — Sri Lanka is considering a $300 million loan offer from the Bank of China as it prepares to repay foreign debts this year, a finance ministry official said Wednesday. The government has appointed a three-member committee to negotiate the deal, according to Finance Ministry...

World Economic Forum warns of impact of global tensions

Jan. 16, 2019 11:16 AM EST

LONDON (AP) — International tensions and nationalist politics can further weigh on the global economy this year and hinder efforts to deal with big issues such as climate change, the organizers of next week's Davos forum warned Wednesday. In its annual Global Risks Report, the World Economic Forum said the...

World stocks rise but Britain slips on Brexit limbo

Jan. 16, 2019 7:30 AM EST

SINGAPORE (AP) — World stock markets mostly rose on Wednesday, but fell in Britain, as investors reacted to the parliamentary defeat of British Prime Minister Theresa May's plan for leaving the European Union. KEEPING SCORE: In Europe, Germany's DAX rose less than 0.1 percent to 10,892 and France's CAC 40...

US assessment raises concerns over China attacking Taiwan

Jan. 16, 2019 6:16 AM EST

WASHINGTON (AP) — Amid increasing tensions with Beijing, the Pentagon has released a new report that lays out U.S. concerns about China's growing military might, underscoring worries about a possible attack against Taiwan. Speaking to reporters, a senior defense intelligence official said Tuesday that the...

South Korea stops paintings brought from North Korea

Jan. 16, 2019 5:58 AM EST

SEOUL, South Korea (AP) — South Korean officials said Wednesday they have stopped businessmen from bringing North Korean paintings into the country that a report said were purchased at an art studio under U.N. sanctions. Observers say similar incidents could occur frequently as South Korea's liberal...

Philippines arrests, hands over to China corruption fugitive

Jan. 16, 2019 12:48 AM EST

MANILA, Philippines (AP) — Philippine officials have turned over to China a former government official wanted for alleged economic crime and corruption. Xie Haojie (SHEE'-ye hao-JEE'-ye) was arrested on Sunday in Manila in an operation coordinated with Chinese authorities. The 49-year-old is wanted back...