Asia Business

Tesla delivers first China cars, plans expansion

By Wed, Apr 23, 2014 3:50PM UTC A worker cleans a Tesla Model S sedan before a event to deliver the first set of cars to customers in Beijing, China. Pic: AP.

BEIJING (AP) — Tesla Motors has delivered its first eight all-electric sedans to customers in China and the CEO says the company will build a nationwide network of charging stations and service centers as fast as it can.

China Mobile profit down 9.4 percent

By Wed, Apr 23, 2014 3:35PM UTC Apple CEO Tim Cook, right, and China Mobile's chairman Xi Guohua. Pic: AP.

BEIJING (AP) — China Mobile, the world’s biggest phone carrier by number of subscribers, says its latest quarterly profit declined 9.4 percent despite a rise in customer numbers as spending per account declined.

Japan, US struggle to bridge gap on freer trade

By Tue, Apr 22, 2014 3:32PM UTC Japan, US struggle to bridge gap on freer trade

TOKYO (AP) — Japanese and U.S. negotiators have not managed to reach a basic agreement on a free trade pact that might have served as a centerpiece for President Barack Obama’s visit to Tokyo this week. Japan’s economy minister Akira Amari told reporters Tuesday that the two sides remained “at

GM says China sales to hit 5 million next year

By Mon, Apr 21, 2014 11:45AM UTC Pic: AP.

BEIJING (AP) — The president of General Motors says sales of GM-brand vehicles in China should reach 5 million next year, and Cadillac sales will double to 100,000. Speaking at the Beijing auto show, Dan Amman said Sunday that the Detroit automaker and its Chinese partners plan to open three additional factories this year and two next year.

Japan logs record $134bn trade deficit for 2013

By Mon, Apr 21, 2014 11:30AM UTC Pic: AP.

TOKYO (AP) — Japan’s trade deficit surged nearly 70 percent to a record 13.75 trillion yen ($134 billion) in the last fiscal year as exports failed to keep pace with surging costs for imported oil and gas.

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