Annabelle Liang, Associated Press Updated 1:53 am CDT, Wednesday, August 1, 2018 Photo: Vincent Thian, AP Image 1of/1 CaptionClose Image 1 of 1 An investor sits in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Wednesday, Aug. 1, 2018. Asian markets were mixed on Wednesday as traders were unsure if reported efforts by the U.S. and China to restart trade talks would bear fruit. less An investor sits in front of private stock trading boards at a private stock market gallery in Kuala Lumpur, Wednesday, Aug. 1, 2018. Asian markets were mixed on Wednesday as traders were unsure if reported ... more Photo: Vincent Thian, AP Asia shares mixed on US plans for higher tariffs, weak data 1 / 1 Back to Gallery SINGAPORE (AP) — Asian shares are mixed as U.S. plans to raise … [Read more...] about Asia shares mixed on US plans for higher tariffs, weak data
Asia
North Korea tops Pompeo agenda at Asia security meeting
WASHINGTON (AP) — North Korea will top Secretary of State Mike Pompeo's agenda as he heads to an Asian security meeting in Singapore this week amid new concerns over Pyongyang's ballistic missile program and commitment to denuclearization. Pompeo and North Korea's foreign minister are both set to attend the annual Association of Southeast Asian Nations Regional Forum on Saturday and U.S. officials say a meeting between the two of them is possible, although not confirmed. North Korea is one of 27 members of the forum, which in the past has served as a venue for meetings between top diplomats from Pyongyang and Washington. Singapore was also the site of last month's historic summit between President Donald Trump and North Korean leader Kim Jong Un at which the two reached a loose agreement on denuclearization. North Korea "will be in the room and there will certainly be discussions about denuclearization," one senior State Department official said Tuesday. The official was not … [Read more...] about North Korea tops Pompeo agenda at Asia security meeting
With nimbler bikes, Harley sharpens Asia focus to revive growth
The uniquely styled adventure bike, which is the first Harley Davidson of its kind, will be named the Pan America, and the company has some big plans for it.We'll have more details about the bike as they become available, and you can check the official Harley Davidson website for more information. While BMW recently introduced a 310cc bike (its smallest globally) in a manufacturing partnership with TVS, Triumph - the British cult bikemaker - has joined hands with Bajaj Auto for smaller-displacement motorcycles.Harley-Davidson announced in June plans to move its production on motorcycles that cater to the European market outside of the U.S. The move was a response to European Union tariffs in response to the Trump administration's own moves on tariffs against Europe.Harley is betting on "bold new product introductions", William Blair analyst Sharon Zackfia said, adding that the new products are likely to raise questions about whether the means of attracting new customers could alienate … [Read more...] about With nimbler bikes, Harley sharpens Asia focus to revive growth
Novelis Extends Asia Reach With $2.6B Aluminum Deal
Novelis is investing heavily in its aluminum sheet for the automotive industry.Atlanta aluminum giant Novelis Inc. has extended its reach in Asia with an agreement to buy Aleris Corp., a Cleveland-based competitor, for $2.6 billion. Upon closing in sometime in 2019, the company will be folded into Novelis to create a $15 billion aluminum conglomerate, still headquartered in Atlanta, where Novelis’ Indian parent company, Aditya Birla Group, has already poured more than $2 billion in expansion capital in recent years. Aleris was attractive in large part because it offered greater international and product diversification for Novelis, which has vying to become a preferred supplier to auto makers looking to use aluminum over steel when possible to reduce weight in their cars. Novelis also a major player in beverage cans and other segments. Novelis President and CEO Steve Fisher said Aleris, which has a strong aerospace presence, was poised … [Read more...] about Novelis Extends Asia Reach With $2.6B Aluminum Deal
Secretary of State Mike Pompeo: U.S. to ‘Deepen Engagement’ in Asia
WASHINGTON—Secretary of State Mike Pompeo said Monday the U.S. is committed to expanding trade and investment in Asia, while assuring potential strategic and trade partners the U.S. wanted partnership, not domination. In a speech at the Indo-Pacific Business Forum hosted by the U.S. Chamber of Commerce, Mr. Pompeo called for the region to remain “free and open,” an implicit challenge to China’s approach to its neighbors. “The... … [Read more...] about Secretary of State Mike Pompeo: U.S. to ‘Deepen Engagement’ in Asia