Japanese Deputy Prime Minister Taro Aso on Wednesday retracted a remark to lawmakers of his faction in the ruling Liberal Democratic Party that could be interpreted as a defense of Adolf Hitler’s motive for genocide during World War Two. Tuesday’s comment by Aso, who also serves as finance minister, drew criticism from a U.S.-based Jewish […]

Foursquare has gone from a social media app that let users broadcast their favorite bars or restaurants online by “checking-in,” to a company that provides location-based data to some of the biggest retail names in the world: Apple, Microsoft and Samsung to name a few. Recently, the company signed a partnership with Chinese online travel […]

Alibaba and Tencent are showing how companies can get around Beijing’s massive crackdown on foreign deals. The firms, among China’s most important tech giants, are overseeing the merger of two companies they back. Chinese delivery firm 58 Suyun is combining with Hong Kong logistics company GoGoVan — both have raised funds from Alibaba, and Tencent […]

Businesses around the world are bracing themselves for the fallout from tough U.S. sanctions against North Korea, as their impact moves through global supply chains. Those effects were still being processed as the reclusive nation fired a ballistic missile over Japan early on Tuesday in what is seen as one of its most provocative actions […]

Reserve Bank of New Zealand Governor Graeme Wheeler said on Wednesday that a lower New Zealand dollar was needed to help bolster the export sector and push up inflation, triggering a selloff in the local currency. Policymakers have long grappled with strong demand for the New Zealand dollar, often driven by its yield appeal, with […]

Expedia CEO Dara Khosrowshahi will officially be Uber’s new chief, the company announced Tuesday evening. The ride-hailing giant’s board of directors chose him to replace ousted chief Travis Kalanick earlier this week. In a message to employees, Uber’s senior management confirmed Khosrowshahi’s appointment. “The Board and the Executive Leadership Team are confident that Dara is […]

Infosys founder Narayana Murthy on Tuesday defended his role in a months-long war of words with the company’s board that led to changes at the top, saying his actions were in the interest of shareholders. Speaking to investors on a conference call, Murthy said he hoped the company’s management would rally behind Nandan Nilekani, a […]

The Trump administration has launched an aggressive drive to renegotiate U.S. trade deals, but one country may manage to stymie major changes: South Korea. President Donald Trump during an April interview with the Washington Post called the U.S.-Korea Free Trade Agreement, known as Korus, a “horrible deal” that has “destroyed” his country, and he threatened […]

South Korea saw two news stories of a very different nature on Tuesday: North Korea launched a ballistic missile that flew over Japan and Ikea planned to open its second store in the country in October. Markets went into a kerfuffle over North Korea’s latest missile launch, which Japan’s Prime Minister Shinzo Abe called an […]

Asia markets on Wednesday followed the stronger lead from Wall Street overnight as traders appeared to shake off new North Korea missile concerns. Japan’s Nikkei 225 gained 0.56 percent in early trade. Across the Korean strait, the Kospi edged up 0.05 percent, as tech stocks made gains following Tuesday’s sell off on North Korea’s missile […]