Asia Business

Asia stocks down as anti-austerity party wins Greek election

By Mon, Jan 26, 2015 11:10AM UTC Pic: AP.

SEOUL, South Korea (AP) — Asian stocks are weaker after Greece’s anti-austerity opposition party won a big victory in national elections, renewing fears the euro currency bloc could unravel.

Obama seeks to leverage ties with India’s Modi during visit

By Sat, Jan 24, 2015 5:14PM UTC U.S. President Barack Obama. Pic: AP.

WASHINGTON (AP) — President Barack Obama will seek to leverage his burgeoning bond with Indian Prime Minister Narendra Modi into progress on climate change, defense and economic ties as he opens a three-day visit to New Delhi.

Coal production drops in China for 1st time in 14 years

By Sat, Jan 24, 2015 5:05PM UTC Coal production drops in China for 1st time in 14 years

BEIJING (AP) — Chinese state media report that the country has recorded its first drop in coal production since 2000, as it pulls back on its use of the fossil fuel and switches to cleaner energy sources.

Brewery to rename Gandhi-Bot beer following complaints

By Sat, Jan 24, 2015 5:01PM UTC

HARTFORD, Connecticut (AP) — A U.S. brewery says it will no longer use the name and likeness of Mohandas Gandhi on one of its beers following complaints that the marketing was offensive. New England Brewing Co.’s India pale ale is called Gandhi-Bot. It has a label with a cartoon image

Phony Chinese bank cheats depositors out of $32m

By Sat, Jan 24, 2015 12:34PM UTC Pic: AP.

BEIJING (AP) — Chinese police say they have arrested five people in connection with a phony bank that used bogus offices and tellers to bilk depositors out of $32 million. Police in the eastern city of Nanjing said Friday more than 200 customers were caught up in the scam. Most

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