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Asian Business Headlines at 11:24 a...

Asian Business Headlines at 11:24 a.m. GMT

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Facebook fined in South Korea for limiting user access

Wed, 21 Mar 2018 10:56:14 GMT2018-03-21T10:56:14Z

SEOUL, South Korea (AP) -- South Korea's telecoms regulator has fined Facebook for illegally limiting user access to its services from late 2016 to 2017....

China's CNPC inks $1.18B deal for stakes in Abu Dhabi oil

Wed, 21 Mar 2018 11:23:56 GMT2018-03-21T11:23:56Z

DUBAI, United Arab Emirates (AP) -- China's state-run national petroleum company has signed a deal worth $1.18 billion for stakes in two oil and natural gas concessions in the United Arab Emirates' capital of Abu Dhabi....

Trump Org. partner in India accused of bilking investors

Tue, 20 Mar 2018 14:01:42 GMT2018-03-20T14:01:42Z

NEW DELHI (AP) -- An Indian company that is partnering with the Trump Organization on an office tower project has been accused of running an elaborate real estate swindle that cheated investors out of nearly $150 million, according to complaints filed with Indian authorities....

China's premier appeals to US to 'act rationally' over trade

Tue, 20 Mar 2018 10:21:30 GMT2018-03-20T10:21:30Z

BEIJING (AP) -- Chinese Premier Li Keqiang appealed to Washington on Tuesday to "act rationally" and avoid disrupting trade over steel, technology and other disputes. He promised Beijing will "open even wider" to imports and investment....

Trump tariffs set off industry scramble for exemptions

Wed, 21 Mar 2018 03:22:00 GMT2018-03-21T03:22:00Z

WASHINGTON (AP) -- When Commerce Secretary Wilbur Ross held up a can of Campbell's soup in a CNBC interview to make the case that the Trump administration's steel and aluminum tariffs were "no big deal," the canning industry begged to disagree - and they were hardly alone....

Asian stocks mixed ahead of Fed meeting, Tokyo closed

Wed, 21 Mar 2018 07:23:00 GMT2018-03-21T07:23:00Z

SEOUL, South Korea (AP) -- Asian shares were mixed on Wednesday as some markets erased earlier gains ahead of the Federal Reserve's first meeting since the appointment of its new chair, Jerome Powell....

China's next economic czar: Harvard-trained Xi adviser

Mon, 19 Mar 2018 03:22:03 GMT2018-03-19T03:22:03Z

BEIJING (AP) -- China's next economy czar is a Harvard-trained supporter of free markets who is President Xi Jinping's top adviser but has no experience fighting the bureaucratic battles the post can require....

World shares waver as investors await Fed decision on rates

Wed, 21 Mar 2018 09:51:33 GMT2018-03-21T09:51:33Z

SEOUL, South Korea (AP) -- World shares were mostly lower Wednesday as some markets gave back early gains ahead of the Federal Reserve's first decision on interest rates since the appointment of its new chair, Jerome Powell....

Vietnam trying ex-Politburo member over oil giant's losses

Mon, 19 Mar 2018 04:30:58 GMT2018-03-19T04:30:58Z

HANOI, Vietnam (AP) -- A court in Hanoi began a criminal trial Monday of a former Politburo member accused of mismanagement at state oil giant PetroVietnam that cost millions of dollars....

Chinese Premier Li Keqiang appointed to second 5-year term

Sun, 18 Mar 2018 13:07:29 GMT2018-03-18T13:07:29Z

BEIJING (AP) -- China's ceremonial legislature appointed Premier Li Keqiang, the No. 2 leader of the ruling Communist Party, to a second five-year term Sunday and approved the appointment of a director for a new anti-corruption agency with sweeping powers....