China

Volkswagen board members demanded Piech go after learning of secret plot

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BERLIN/FRANKFURT - Ferdinand Piech, who resigned as chairman of Volkswagen over the weekend, sowed the seeds of his own demise by reneging on a deal to support CEO Martin Winterkorn and secretly plotting to oust him instead, according to sources close to the VW board.

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Philippines calls on ASEAN to urge China to halt land reclamation 26 Apr 2015

KUALA LUMPUR - The Philippines called on its Southeast Asian neighbours to unite in urging China to halt reclamation of land in the South China Sea, but the call failed to raise widespread support ahead of a regional summit.

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Cuts to pay and perks trigger flight from China's state banks 26 Apr 2015

SHANGHAI/HONG KONG - Bankers at China's top state lenders are quitting in increasing numbers because of cuts to their pay and perks, and moving to a new breed of financial firms such as leasing companies, trusts and online platforms, bankers and headhunters say.

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United States seeks access to Philippine bases as part of Asia pivot 25 Apr 2015

MANILA - The United States has asked for access to Philippine military bases in eight locations to rotate troops, aircraft, and ships as Washington shifts its forces to Asia and as China expands its military presence in the South China Sea.

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Amended China law curbs tobacco ads in land of smokers 25 Apr 2015

SHANGHAI - China's parliament has passed legislation that restricts tobacco advertising in public, strengthening efforts to curb smoking in a country where more than a billion people are smokers or exposed to second-hand smoke.

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Volvo to make new generation of small cars in Belgium and China - CEO 24 Apr 2015

SHANGHAI - Sweden's Volvo Cars will produce at its Belgian factory a small car based on a common platform and engine technology developed with Chinese parent Zhejiang Geely Holding Group [GEELY.UL], Volvo's chief said.

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Taiwan ruling party says chief to meet China's Xi Jinping 24 Apr 2015

TAIPEI - Chinese President and Communist Party chief Xi Jinping will hold talks with the chairman of Taiwan's ruling Kuomintang (KMT) in Beijing next month, the KMT said on Friday, in what would be the first meeting between the heads of the two parties.

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China says employment resilient despite slower economic growth 24 Apr 2015

BEIJING - China said on Friday that urban employment held up in the first quarter even as economic growth slowed to a 6-year low, but the labour ministry warned that authorities cannot be "blindly optimistic" as the pace of job creation is slowing.

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China says to increase policy support for cooling economy 24 Apr 2015

BEIJING - China will do more to bolster its cooling economy as its policymakers still have room to increase support, a senior official at the country's top economic planner said on Friday.

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India to host Afghan leader, seeks to regain ground lost to China, Pakistan 23 Apr 2015

NEW DELHI - When Afghan President Ashraf Ghani makes his first official visit to India next week, it will be a chance for New Delhi to regain ground lost to regional rivals Pakistan and China and push interests including trade routes and arms sales.

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