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Japan Budget Draft Details Record Defense, Social Security Spending

Bigger tax revenues, expected at a 25-year high, are expected to cover nearly two-thirds of the inflated bill, compared to less than half in 2009.

Asian Stocks Rise As Oil Rebounds, US GDP Revision Is Better Than Expected

Petroleum prices bounced back after an industry association reported an unexpected drop in stockpiles.

South China Sea Dispute: Japan Spots Armed Chinese Ships Patrolling Senkaku Islands

Chinese Coastguard ship patrols the South China Sea

Japan reported seeing four Chinese coast guard ships entering its contiguous waters near the disputed Senkaku Island chain.

Lockheed Martin Bags $1.17B Deal, Meets Goal Of Delivering 45 F-35 Jets In 2015

The Pentagon announced Monday that the company reached its delivery goal for F-35 jets this year.

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Video: Toshiba To Cut Nearly 7,000 Jobs

Japan's Toshiba Corp is to cut nearly 7,000 consumer electronics jobs after a $1.3 billion accounting scandal. As Hayley Platt reports the overhaul is designed to streamline the sprawling conglomerate into a company focused on chips and nuclear energy.

Toshiba Forecasts $4B Loss For Current Fiscal Year, Plans To Cut A Third Of Its Headcount

The Japanese electronics maker said Monday that it expects to record a $4.5 billion loss for the current fiscal year and plans to cut headcount by a third.

Nomura To Buy $1B Stake In US Money Manager American Century Investments: Report

The deal, if confirmed, would not only be the largest for the Japanese brokerage since the 2008 financial crisis, but also mark its entry into the U.S. investment trust market, the Nikkei Asian Review reported.

China's 'Historic' Free Trade Accords With Australia And South Korea Seen As Providing Economic Boost

Chinese consumers of wine, meat and smartphones are expected to benefit, but some in Australia are worried of the trade deal's impact on the country's labor sector.

Asian Stocks Fall After US Shares, Oil Decline; Global Slowdown Concern Persists

Oil extended declines on Friday, resulting in a third weekly loss, dragging energy and other commodity stocks.

South China Sea Dispute 2015: China Says US B-52 Bomber’s Flight Over Disputed Region A ‘Serious Military Provocation’

China alleges the U.S. engaged in a “serious military provocation” by flying an Air Force B-52 strategic bomber over a Chinese-controlled artificial island.

East China Sea Dispute: Japan Will Monitor Chinese War Ships With Thousands Of New Troops, Missile Batteries

Japan will deploy troops and put missiles on islands in the East China Sea to limit China's aggressive moves to claim territory in the South China Sea and East China Sea.

GlaxoSmithKline To Buy Bristol-Myers Squibb's HIV Assets For $1.46B

The deals, which include an upfront payment of $350 million, will help the British drugmaker compete with its American rival Gilead Sciences.

Bank Of Japan Keeps Monetary Policy Unchanged But Announces Surprise Measures To Boost Growth

The central bank kept its monetary policy and stimulus target unchanged, but took other steps to instill confidence in the country's economy.

Most Asian Stocks Fall As Investors Shift Focus From Fed To Oil, Global Growth

Taiwan unexpectedly cut interest rates, citing slowing global growth.

Video: Which Countries May Follow The Fed Hiking Rates?

Hot on the heels of the Federal Reserve, Hong Kong's central bank raised interest rates by a quarter point. Are others likely to follow too, or will many go the other way and ease monetary policy? David Pollard reports.

Dow Jones Industrial Average Wavers As Fed Uncertainty Recedes, But Annual ‘Santa Claus Rally’ Should Lift Stocks

With uncertainty about Fed policy resolved, U.S. stocks are entering the traditional year-end rally season.

Konami Wants A New "Metal Gear' Game Following Hideo Kojima's Departure To Sony

No timeline was set for the next game in the franchise.

Asian Stocks Rise After Historic Fed Decision

Markets expected the interest-rate increase and gradual further hikes after Federal Reserve officials signaled them in recent weeks.

iPhone 8 Rumors: Apple Inc. To Develop Micro-LED Display Technology In Its Taiwan Research Facility

The display technology uses smaller pixels and doesn't require a backlight. But low manufacturing yields make it difficult to use for mass production.

Japan Surname Controversy: Supreme Court Says Women Must Use Spouse's Name, In Blow To Women's Rights

The court said sharing a single name was a central aspect of the Japanese family unit, but it struck down a law prohibiting women from remarrying within six months of a divorce.

Japan, South Korea Say Coal Energy Plans Unchanged Despite Paris Climate Deal

Despite last week's Paris climate deal, the two countries are set to add over 60 new coal-based power plants over the next 10 years.

Asian Stocks Rise As Oil Rebounds, Markets Await Fed Rate Hike

Analysts say markets have priced in the first U.S. rate hike in nine years and will take it as a sign of confidence in the economy.

SMFG Agrees To Buy GE's Japan Leasing Business For $4.8 Billion

The deal is part of GE's plan to sell off the about $200 billion worth of assets of its finance arm, GE Capital.

Asian Stocks Mixed As Oil Rebounds And Fed Starts Meeting

The U.S. oil benchmark jumped 1.9 percent, its first gain since OPEC nations failed to agree to cut production to boost prices.

Bank Of Japan Tankan Survey Shows Business Confidence Holding Steady, Easing Pressure On Policymakers

According to a Bank of Japan survey, corporations are positive about the future despite global headwinds and weak domestic consumption.

Doha Round Negotiations 2015: US Calls To End Global Trade Talks, But Opposition Expected In Nairobi

"It is time for the world to free itself of the strictures of Doha," says the top American trade official, Michael Froman.

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