Latest East Asia News

SoftBank's mobile unit's share price set for Dec. 19 IPO

Dec. 10, 2018 4:16 AM EST

TOKYO (AP) — SoftBank Group Corp. says the price for the initial public offering of its Japanese mobile subsidiary has been set at 1,500 yen ($13) a share. The IPO, set for Dec. 19 on the Tokyo Stock Exchange, will likely raise more than 2 trillion yen ($18 billion) and will be one of the world's biggest...

S. Korea charges 4 with illegally importing N. Korean coal

Dec. 10, 2018 3:52 AM EST

SEOUL, South Korea (AP) — South Korean prosecutors have charged four people with illegally importing North Korean coal via Russia in violation of U.N. sanctions. Monday's indictment came four months after customs authorities accused three of the four of using forged documents to illicitly import 35,000...

The Latest: Prosecutors deny plan to force Ghosn confession

Dec. 10, 2018 3:40 AM EST

TOKYO (AP) — The Latest on charges against former Nissan Motor Co. chairman Carlos Ghosn, who was arrested last month on suspicion of underreporting his income (all times local): 5:40 p.m. A spokesman for the Tokyo prosecutors who have charged former Nissan Motor Co. chairman Carlos Ghosn with...

School bus plows onto Hong Kong sidewalk; at least 1 dead

Dec. 10, 2018 3:20 AM EST

HONG KONG (AP) — Police in Hong Kong say a school bus has plowed onto a sidewalk, killing one person and leaving four others unconscious. Video posted online by the Apple Daily newspaper shows a bus rolling down a hill, across a busy road and onto a sidewalk on the other side on Monday. The bus appears to...

Ghosn, Kelly, Nissan charged with underreporting pay

Dec. 10, 2018 3:16 AM EST

TOKYO (AP) — Tokyo prosecutors have charged Nissan's former chairman Carlos Ghosn, another executive and the automaker itself for allegedly underreporting income. The charges imposed Monday involve allegations Ghosn's pay was underreported by about 5 billion yen ($44 million) in 2011-2015. The prosecutors...

China pressures US, Canada ahead of Huawei hearing

Dec. 10, 2018 3:06 AM EST

BEIJING (AP) — China raised the pressure on the United States and Canada as a bail hearing for a top Chinese technology executive was set to resume Monday in Vancouver, British Columbia. A headline in a Communist Party newspaper called Canada's treatment of Meng Wanzhou, the chief financial officer of...

Tokyo prosecutors say Nissan ex-chairman Carlos Ghosn, automaker and 2nd executive charged with underreporting pay

Dec. 10, 2018 2:19 AM EST
TOKYO (AP) — Tokyo prosecutors say Nissan ex-chairman Carlos Ghosn, automaker and 2nd executive charged with underreporting pay.

Asian shares fall as Huawei arrest imperils China-US truce

Dec. 10, 2018 1:39 AM EST

SINGAPORE (AP) — Asian markets were broadly lower Monday after China protested the arrest of a senior executive of Chinese telecoms equipment maker Huawei who is suspected of trying to evade U.S. trade curbs on Iran. KEEPING SCORE: Japan's benchmark Nikkei 225 slid 2.1 percent to 21,219.50 after revised...

China summons US envoy to protest detention of Huawei exec

Dec. 10, 2018 1:04 AM EST

BEIJING (AP) — China summoned the U.S. ambassador to Beijing to protest Canada's detention of a senior executive of Chinese electronics giant Huawei at Washington's behest, demanding the U.S. cancel the order for her arrest. The official Xinhua News Agency said Vice Foreign Minister Le Yucheng "lodged...

Japan's Kyodo News Service says prosecutors have charged ex-Nissan chairman Ghosn for financial violations.

Dec. 10, 2018 12:16 AM EST
TOKYO (AP) — Japan's Kyodo News Service says prosecutors have charged ex-Nissan chairman Ghosn for financial violations. .