Asia Business

Norway signals wish to join China-led Asian investment bank

By Wed, Apr 01, 2015 10:59AM UTC

HELSINKI (AP) — Norway says it intends to join the Asian Infrastructure Investment Bank as a prospective founding member to promote closer ties to the Asia-Pacific region.

Huawei reports 2014 profit up 33 percent

By Tue, Mar 31, 2015 3:39PM UTC

BEIJING (AP) — Huawei Technologies Ltd., one of the world’s biggest makers of telecommunications equipment, says its 2014 profit rose 33 percent, helped by strong sales of smartphones.

Japan says it has no plans to join China-led bank

By Tue, Mar 31, 2015 1:26PM UTC

TOKYO (AP) — Japan’s top government spokesman says Tokyo has no plan as of now to join the China-led Asian Infrastructure Investment Bank.

US treasury secretary presses Beijing on technology curbs

By Mon, Mar 30, 2015 5:36PM UTC

BEIJING (AP) — U.S. Treasury Secretary Jacob Lew says he is pressing Chinese authorities over proposed curbs on use of foreign security technology during meetings in Beijing. Lew met Monday with a deputy Chinese premier, Wang Yang, and expressed “deep concern” about the curbs in proposed bank security and anti-terrorism

Late audits halt trading in Morgan Stanley-backed stocks

By Mon, Mar 30, 2015 1:29PM UTC

WASHINGTON (AP) — Two major companies in a prominent $1.4 billion Asia investment fund managed by banking giant Morgan Stanley failed to file their financial statements on time, freezing trading in their stocks. Such delays are generally considered worrisome for a company’s investors, which include U.S. pension funds and college endowments.