Latest East Asia News

U.S. Secretary of State Mike Pompeo speaks during a joint press briefing with Sri Lankan Foreign Minister Dinesh Gunawardena in Colombo, Sri Lanka, Wednesday, Oct. 28, 2020. In pre-recorded remarks Wednesday to a business conference taking place in Vietnam, Pompeo says the U.S. energy firm AES and PetroVietnam plan to soon sign an agreement on a $2.8 billion liquefied natural gas project. (AP Photo/Eranga Jayawardena)

Pompeo wraps up anti-China tour of Asia in Vietnam

Oct. 29, 2020 8:27 PM EDT

HANOI, Vietnam (AP) — U,S. Secretary of State Mike Pompeo is wrapping up an anti-China tour of Asia in Vietnam as the fierce American presidential election race enters its final stretch. With just four days left in the campaign in which China has been a central theme, Pompeo was visiting Hanoi on Friday...

Guilty plea entered in deadly kidnapping of Chinese national

Oct. 29, 2020 7:01 PM EDT

LOS ANGELES (AP) — A Southern California man pleaded guilty Thursday to conspiracy to kidnap a Chinese citizen who was held for ransom but died of his injuries after the abduction, authorities said. Anthony Valladares, 28, of Pasadena entered the plea in connection with the 2018 kidnapping of Ruochen...

Customers walk past a sign that reads

Starbucks sales recover faster than expected in US, China

Oct. 29, 2020 6:49 PM EDT

Starbucks saw faster-than-expected recovery in the U.S. and China in its fiscal fourth quarter, giving it confidence as it heads into the new year. Global same-store sales fell 9% from the prior year, a better showing than the 12% to 17% drop Starbucks anticipated in July. U.S. same-store sales were down 9% in...

Visitors to the financial district walk past the New York Stock Exchange, Wednesday, Oct. 28, 2020, in New York.  U.S. stocks are drifting on Thursday after better-than-expected reports on the economy help stabilize Wall Street following its worst rout in months.  (AP Photo/Mary Altaffer)

Wall Street ends higher after shaking off a wobbly start

Oct. 29, 2020 4:34 PM EDT

U.S. stocks shook off an early slide and closed broadly higher Thursday as the market steadied after its worst drop in more than four months. The S&P 500 rose 1.2%, bouncing back from a drop of 0.3% in the early going. Traders welcomed encouraging data on the pace of layoffs and how powerfully the economy...

FILE - This May 12, 2020 file photo shows Carnegie Hall in New York. Carnegie Hall has extended its closure due to the novel coranavirus pandemic through April 5, 2021. (Photo by Evan Agostini/Invision/AP, File)

Carnegie Hall to remain closed through April 5

Oct. 29, 2020 4:27 PM EDT

NEW YORK (AP) — Carnegie Hall has extended its closure due to the coronavirus pandemic through April 5. The decision announced Thursday leaves only the possibility of performances at the very tail end of the hall’s 2020-21 season. Carnegie has been closed since March 12 and last June has canceled...

FILE - In this Oct. 14, 2020 file photo, pedestrians pass the New York Stock Exchange. After Donald Trump shocked markets by winning the presidency four years ago, investors quickly agreed on which stocks would benefit most from his election. But four years later, many of those stocks have since faded back, and stocks that were afterthoughts have become the market's leaders.   (AP Photo/Frank Franklin II)

Wall Street soared under Trump, but it's been a rocky ride

Oct. 29, 2020 1:34 PM EDT

NEW YORK (AP) — The last four years have been good for stocks, with the S&P 500 climbing more than 50% and many 401(k) balances looking healthier, as President Donald Trump likes to point out so often. But a look at the market’s winners and losers since Trump’s surprise win in 2016 also...

A doctor collects a sample for a coronavirus test from a bsby in Subang on the outskirts of Kuala Lumpur, Malaysia, on Thursday, Oct. 29, 2020. Malaysia extended restricted movements in its biggest city Kuala Lumpur, neighboring Selangor state and the administrative capital of Putrajaya from Wednesday in an attempt to curb a sharp rise in coronavirus cases. (AP Photo/Vincent Thian)

Asia Today: Virus arrives in once-clear Marshall Islands

Oct. 29, 2020 11:17 AM EDT

WELLINGTON, New Zealand (AP) — The Marshall Islands has reported its first cases of the coronavirus after two people who flew from Hawaii to a U.S. military base tested positive. The small Pacific nation had been among the last places in the world to have no reported cases of the virus. The Office of the...

FILE - In this Tuesday, Sept. 3, 2013 file photo, The Nokia brand name is displayed on the floor of the New York Stock Exchange in New York. Telecom equipment maker Nokia has reported improved third-quarter earnings largely in line with expectations. But it acknowledges it faced challenges in the race for new generation 5G networks and pledged to invest more. The Espoo, Finland-based maker of new-generation 5G mobile and other networks said Thursday, Oct. 29, 2020 that its net profit for the July-September period was up 14% at 305 million euros ($358 million) (AP Photo/Seth Wenig, file)

Nokia profit up, new CEO pledges to boost 5G investments

Oct. 29, 2020 9:29 AM EDT

HELSINKI (AP) — Finnish telecommunications company Nokia on Thursday reported improved third-quarter earnings largely in line with expectations, but acknowledged it faced challenges in the race for 5G cellular networks. Nokia said it would invest more in the new generation of broadband technology and...

FILE - In this Oct. 29, 2018, file photo, Japan's Kohei Uchimura performs on the rings during the men's team final of the Gymnastics World Championships at the Aspire Dome in Doha, Qatar. Japan's Kyodo news agency has reported that Uchimura has tested positive for COVID-19 and comes just over a week before an international gymnastics meet that will test countermeasures against the coronavirus. (AP Photo/Vadim Ghirda, File)

Uchimura positive for COVID-19 just a week before key meet

Oct. 29, 2020 9:03 AM EDT

TOKYO (AP) — Two-time defending Olympic champion gymnast Kohei Uchimura of Japan has tested positive for COVID-19. The positive test was reported by the Kyodo news agency on Thursday and comes just over a week before an international gymnastics meet in Tokyo that will test countermeasures against the...

A man looks at his smartphone as he walks past a sign advertising 5G services at the PT Expo in Beijing, Wednesday, Sept. 14, 2020. China's leaders vowed Thursday, Oct. 29, 2020, to speed up its development as a self-reliant

China's leaders vow to become self-reliant technology power

Oct. 29, 2020 8:09 AM EDT

BEIJING (AP) — China’s leaders are vowing to make their country a self-reliant “technology power” as a feud with Washington cuts access to U.S. computer chips and other high-tech components, hampering Beijing’s industrial ambitions. Leaders of the ruling Communist Party made the...