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Asian Business Headlines at 8:35 p.m. GMT



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New Zealand test rocket makes it to space but not to orbit

Thu, 25 May 2017 07:35:15 GMT2017-05-25T07:35:15Z

WELLINGTON, New Zealand (AP) -- California-based company Rocket Lab said Thursday it had launched a test rocket into space from its New Zealand launch pad, although the rocket didn't reach orbit as hoped....



Retailers help send indexes to records on 6th day of gains

Thu, 25 May 2017 20:34:53 GMT2017-05-25T20:34:53Z

NEW YORK (AP) -- U.S. stocks climbed for the sixth day in a row Thursday as strong first-quarter results from retailers like Best Buy and PVH led indexes to record highs. That offset weakness in energy stocks caused by a plunge in oil prices....



IMF approves loan to Mongolia to finance reforms

Thu, 25 May 2017 09:10:55 GMT2017-05-25T09:10:55Z

BEIJING (AP) -- The International Monetary Fund said Thursday lenders have approved a $5.5 billion financing package for Mongolia to support reforms meant to revive economic growth and reduce reliance on mineral exports....



Pyongyang gas price surge: Bad news for Kim Jong Un?

Thu, 25 May 2017 03:48:12 GMT2017-05-25T03:48:12Z

TOKYO (AP) -- While world attention has focused on Kim Jong Un's recent missile tests, a month-long surge in gasoline prices in Pyongyang is showing no signs of letting up - a puzzling problem that if allowed to drag on could be very bad news for the North Korean economy....



New Zealand to spend budget windfall on roads and cut taxes

Thu, 25 May 2017 04:57:49 GMT2017-05-25T04:57:49Z

WELLINGTON, New Zealand (AP) -- New Zealand's conservative government is planning to reduce taxes and spend more money on building roads and railways as it looks to cash in on a thriving economy....



Computer wins 2nd game against Chinese go champion

Thu, 25 May 2017 09:25:30 GMT2017-05-25T09:25:30Z

WUZHEN, China (AP) -- A computer beat China's top player of go, one of the last games machines have yet to master, for a second time Thursday in a competition authorities limited the Chinese public's ability to see....



Retailers help send indexes to records on 6th day of gains

Thu, 25 May 2017 20:34:53 GMT2017-05-25T20:34:53Z

NEW YORK (AP) -- U.S. stocks climbed for the sixth day in a row Thursday as strong first-quarter results from retailers like Best Buy and PVH led indexes to record highs. That offset weakness in energy stocks caused by a plunge in oil prices....



The highest-paid CEOs by state

Thu, 25 May 2017 10:49:13 GMT2017-05-25T10:49:13Z

Here are the top-paid CEOs by state for 2016, as calculated by The Associated Press and Equilar, an executive data firm....



Women CEOs earn big pay, but few of them have the top job

Wed, 24 May 2017 17:54:15 GMT2017-05-24T17:54:15Z

NEW YORK (AP) -- Women CEOs earned big bucks last year, but there's still very few of them running the world's largest companies....



Moody's cuts China credit rating over rising debt

Wed, 24 May 2017 19:07:51 GMT2017-05-24T19:07:51Z

BEIJING (AP) -- The Moody's ratings agency on Wednesday cut China's credit rating due to surging debt, prompting a protest by Beijing and highlighting challenges faced by Communist leaders as they overhaul a slowing economy....