Japanese Prime Minister Shinzo Abe called for a summit with Chinese President Xi Jinping to reset relations after an escalation in bilateral tensions, invoking a 2006 visit to Beijing during his first administration.
Prime Minister Shinzo Abe secured final passage of a bill granting Japan’s government sweeping powers to declare state secrets, a measure aimed at shoring up defense ties with the U.S. that prompted a public backlash and revolt by the opposition.
Canadian Prime Minister Stephen Harper said developing the world’s third-largest pool of oil reserves is as difficult as building China’s Great Wall. Chinese companies may find themselves outside looking in.
Total SA, Europe’s third-biggest oil company, agreed to buy a stake in InterOil Corp.’s assets in Papua New Guinea in a deal valued at as much as $3.6 billion as part of a plan to build a liquefied natural gas project.
Most Asian stocks fell, with the regional benchmark index posting its biggest weekly drop since August, as improving U.S. economic data fueled speculation the Federal Reserve may bring forward stimulus cuts.
India’s benchmark stock index will climb as much as 6 percent to a record by year-end if state election results this weekend confirm gains by the nation’s main opposition party, according to a Bloomberg survey.