Latest East Asia News

US says China's death sentence against Canadian political

Jan. 16, 2019 1:58 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...

Banks rally after strong earnings, sending US stocks higher

Jan. 16, 2019 12:14 PM EST

NEW YORK (AP) — Banks are surging in midday trading Wednesday following strong results from Goldman Sachs and Bank of America, sending U.S. stock indexes higher. Smaller companies are also climbing, and Nordstrom became the latest department store to announce weak holiday sales. Britain's FTSE 100 stock...

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...

Asian stocks mixed on poor Japanese data, growth fears

Jan. 15, 2019 11:20 PM EST

SINGAPORE (AP) — Asian markets were mixed on Wednesday as poor Japanese data and worries about global growth put a damper on trading. KEEPING SCORE: Japan's Nikkei 225 index slipped 0.6 percent to 20,430.73 while South Korea's Kospi added 0.3 percent to 2,102.45. Hong Kong's Hang Seng fell 0.3 percent to...

Huawei founder says company would not share user secrets

Jan. 15, 2019 10:44 PM EST

SHENZHEN, China (AP) — The founder of China's Huawei, the world's biggest supplier of network gear to phone and internet companies, says his company would not share secrets about its customers and their communication networks. Ren Zhengfei spoke in a rare meeting with foreign reporters as Huawei...