Oil that reached Japan shores from sunken Iran tanker -Coast Guard

By Osamu Tsukimori TOKYO, Feb 22 : Oil that reached islands in southern Japan earlier this month is highly likely to have come from the sunken Iranian tanker Sanchi, the Japan Coast Guard said on Thursday. Samples of oily matter that washed up on Feb. 8 on the shores of the Okinoerabu and Yoron islands […]

Alibaba, Tencent rally troops amid $10 billion retail battle

By Adam Jourdan SHANGHAI, Feb 19 : China’s tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd, worth a combined $1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers’ digital wallets. Since the start of last year, the two companies have between them spent more […]

US senators voice concern over Chinese access to intellectual property

By Doina Chiacu and Patricia Zengerle WASHINGTON, Feb 13 : China is trying to gain access to sensitive U.S. technologies and intellectual properties through telecommunications companies, academia and joint business ventures, U.S. senators and spy chiefs warned on Tuesday at a Senate hearing. Senator Richard Burr, the Republican chairman of the Senate Intelligence Committee, said […]

Disgraced top China politician charged with bribery, another to be prosecuted

By Michael Martina BEIJING, Feb 13 : Chinese prosecutors have charged disgraced senior politician Sun Zhengcai with bribery, state media said on Tuesday, the latest development in a corruption probe into a man once considered a contender for top leadership. In a flurry of activity before the week-long Chinese Lunar New Year break begins on […]

China Jan new loans surge to record 2.9 trln yuan, blow past forecasts

By Kevin Yao and Fang Cheng BEIJING, Feb 12 : China’s banks extended a record 2.9 trillion yuan ($458.3 billion) in new yuan loans in January, blowing past expectations and nearly five times the previous month as policymakers aim to sustain solid economic growth while reining in debt risks. While Chinese banks tend to front-load […]