Toyota Motor Corp. is planning to halve the number of cars it sells in Japan to about 30 by 2025 to focus on more popular models in a shrinking market, a person briefed on the matter told Reuters on Thursday. The automaker currently offers about 62 car models in Japan, including the Prius gasoline hybrid […]

President Donald Trump on Wednesday appeared to confirm he had North Korea in mind last week when he described a gathering of military leaders as “the calm before the storm.” In an interview with U.S. network Fox News, Trump was asked what he meant with the cryptic phrase, which had fueled concerns the United States […]

Last week 6 million Chinese tourists traveling abroad during a national holiday, and that likely meant big paydays for traditional tourist destinations, such as London or Paris. But, increasingly, China’s travelers are taking their families — and their money — to less conventional locales. All told, more than 700 million in China traveled during the […]

Indonesia’s finance chief said a deal to buy a controlling stake in a massive copper mine in the country could be resolved by the end of this year. In August, U.S.-based Freeport-McMoRan agreed to sell a 51 percent stake in the Grasberg mine in exchange for licenses to operate the massive copper and gold pit […]

Wall Street closed at record levels following the latest minutes from the Federal Reserve while the dollar sagged against the euro ahead of Asia’s Thursday trading day. Minutes from the Federal Reserve’s last meeting showed that one more interest rate increase in the U.S. this year was “likely to be warranted” given that the economic […]

Security videos showing the estranged half-brother of North Korea’s leader being attacked at a Malaysian airport and the two suspects hurrying away afterward were presented at their murder trial on Wednesday. Kim Jong Nam was seen arriving at the departure hall at the budget terminal of the Kuala Lumpur international airport the morning of Feb. […]

BNP Paribas, France’s biggest listed bank, said on Wednesday it would no longer work with oil and natural gas companies that primarily do business in shale or oil sands as it plans to boost support for renewable energy projects. The bank also said that it would no longer finance new projects that are primarily involved […]

China has one message for the United States, and it’s willing to repeat it constantly in its media outlets: Calm down with the threats of violence against North Korea. Late on Tuesday, the U.S. military flew two Air Force B-1B Lancer bombers over the Korean Peninsula in a show of force amid high tensions over […]

Chinese e-commerce giant Alibaba announced Wednesday it will invest more than $15 billion over the next three years into a global research and development program to increase collaboration and develop new technologies. That sum was slightly more than double the total amount Alibaba spent on R&D between 2014 and the fiscal year that ended March […]

Hong Kong will cut company profits tax to 8.25 percent for the first HK$2 million of earnings, Hong Kong’s Chief Executive Carrie Lam said in her maiden policy address on Wednesday in which she laid out some of her priorities for the next five years. The Hong Kong leader also said she would address the […]