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Asian Business Headlines at 12:36 a...

Asian Business Headlines at 12:36 a.m. GMT

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Scientist gets time served for theft of military documents

Thu, 22 Jun 2017 21:49:44 GMT2017-06-22T21:49:44Z

HARTFORD, Conn. (AP) -- A scientist who pleaded guilty to taking sensitive documents from a Connecticut military contractor to his native China was sentenced on Thursday to 2 1/2 years in prison he has already served....

Foxconn founder: US expansion might top $10 billion

Thu, 22 Jun 2017 12:28:00 GMT2017-06-22T12:28:00Z

TAIPEI, Taiwan (AP) -- The chairman of Taiwanese electronics giant Foxconn said Thursday it may spend more than $10 billion to set up manufacturing in the United States, and will announce investment plans by early August for at least three states....

AP Newsbreak: US, EU urge China to limit food import control

Thu, 22 Jun 2017 10:21:24 GMT2017-06-22T10:21:24Z

BEIJING (AP) -- Food exporters including the United States and European Union are stepping up pressure on China to scale back plans for intensive inspections of imports that they say would hamper access to its fast-growing market....

US stock indexes hold steady as oil's dismal week eases

Thu, 22 Jun 2017 20:40:04 GMT2017-06-22T20:40:04Z

NEW YORK (AP) -- U.S. stock indexes held steady Thursday after the price of oil halted its slide, at least for now....

Line messaging digital theme park to open in Thai capital

Fri, 23 Jun 2017 00:35:24 GMT2017-06-23T00:35:24Z

BANGKOK (AP) -- The text-messaging service Line plans to inaugurate an indoor digital theme park in Thailand's capital, seeking to squeeze maximum advantage from its popularity in the country, its second biggest market after Japan....

Tesla in talks to open a factory in China

Thu, 22 Jun 2017 16:52:53 GMT2017-06-22T16:52:53Z

DETROIT (AP) -- Tesla is talking to the city of Shanghai about opening a factory there to serve the Chinese market....

Toshiba chooses US-Japan bidder for memory chip biz sale

Wed, 21 Jun 2017 08:09:15 GMT2017-06-21T08:09:15Z

TOKYO (AP) -- Money-losing Toshiba Corp. said Wednesday that it has chosen a U.S.-Japan consortium as the preferred bidder in the sale of its lucrative memory chip business, but hurdles remain as an American joint-venture partner is opposing the move....

MSCI adds China-listed stocks to index in long-awaited move

Wed, 21 Jun 2017 05:23:50 GMT2017-06-21T05:23:50Z

HONG KONG (AP) -- Global stock benchmark provider MSCI has made a long-awaited decision to add mainland China-listed shares to its widely followed stock indexes....

Shopkeepers rush to comply as India switches to single tax

Wed, 21 Jun 2017 10:07:31 GMT2017-06-21T10:07:31Z

NEW DELHI (AP) -- The daily bustle of tourists and shoppers has died down in an upscale market in central New Delhi, but a toy shop owner is still busy poring over new Indian tax rules that take effect next month....

Experts: Takata bankruptcy means air bag victims get less

Tue, 20 Jun 2017 04:05:29 GMT2017-06-20T04:05:29Z

DETROIT (AP) -- A bankruptcy filing by Japanese air bag maker Takata will leave little money for dozens of people who sued the company over deaths and injuries caused by its exploding air bag inflators, according to outside legal experts and lawyers suing the company....