China denies Hong Kong visit request by U.S. carrier group - Pentagon


WASHINGTON/HONGKONG China has denied a request for a U.S. carrier strike group led by the USS John C. Stennis to visit to Hong Kong, the U.S. Defense Department said on Friday, amid heightened tensions over China's territorial claims in the South China Sea.

AIG selling down $1.2 billion stake in Chinese insurer PICC P&C: IFR

HONG KONG American International Group is offering for sale about $1.2 billion worth of shares in China's PICC Property and Casualty Co Ltd (PICC P&C) in a block deal, IFR said on Saturday, citing a term sheet of the deal.

10:39am IST

China says Japan ties should be based on cooperation, not confrontation

BEIJING China's relations with Japan should be based on cooperation not confrontation, China's foreign minister told his Japanese counterpart on Saturday, adding that China would judge Japan's desire to improve ties depending on its actions.

Top News, World, Japan 9:32am IST

Exclusive - State Grid, Enel place bids for Brazil's Renova stake: sources

SAO PAULO State Grid Corp [STGRD.UL], China Three Gorges Corp [CYTGP.UL] and Italy's Enel SpA have placed bids for a 16 percent stake in Brazilian renewable energy company Renova Energia SA, which needs fresh capital following a failed asset sale last year, three sources with direct knowledge of the matter said on Friday.

Business, Deals 6:50am IST

Ding equals century record for semi-final lead at worlds

China's Ding Junhui racked up a record equalling number of centuries by a single player in a world championship match on Friday with his sixth helping him to a 14-10 lead over Alan McManus in the semi-finals.

5:02am IST

U.S. puts countries with big surpluses on monitoring list

WASHINGTON The United States on Friday flagged concerns over economic policies in China, Japan, Korea, Taiwan and Germany and put them on a new monitoring list, mostly due to their large surpluses.

1:51am IST

U.S. stands by South Korea defense talks despite China, Russia objections

WASHINGTON/BEIJING The White House on Friday said talks to install a new anti-missile defense system in South Korea would continue in the wake of nuclear arms and missile tests by North Korea despite calls by China and Russia for the United States to back off.

12:43am IST

UPDATE 3-China's Baosteel Group says U.S. Steel accusations groundless

SHANGHAI/MANILA, April 29 China's Baosteel Group said on Friday that accusations by U.S. Steel Corp against the company, including that it had stolen commercial secrets, were groundless and vowed to protect its legal rights.

29 Apr 2016

Comcast buy of 'Kung Fu Panda' producer aids Asia strategy

Comcast Corp's planned purchase of DreamWorks Animation would increase the media giant's foothold in Asia, particularly China, as it competes in an increasingly global battle for entertainment dollars.

29 Apr 2016

China commodity bubble gives new stock regulator early test

SHANGHAI, April 29 Liu Shiyu, China's new securities regulator, faces his first big test as markets watch how he handles a speculative bubble in commodities futures exchanges.

29 Apr 2016