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Vanke profit gains on strong sales amid ownership fight

  Beijing / Bloomberg China Vanke Co., the developer at the center of a battle for control, posted a 10 percent increase in first-half profit as a home-market recovery boosted sales, helping offset uncertainties over the company’s future because of the ownership struggle. Net income at the nation’s largest residential developer climbed to 5.35 billion yuan ($804 million), or 0.48 ...

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Philippine president threatens to take country out of UN

  Manila / AFP President Rodrigo Duterte threatened on Sunday to withdraw the Philippines from the United Nations, as he launched another profanity-laced tirade against the organisation for criticising his bloody war on crime. More than 1,500 people have been killed since Duterte took office and immediately began his law-and-order crackdown, according to police statistics, triggering fierce criticism from the ...

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Japan protests as China ships sail near disputed islands

  Tokyo / AFP Tokyo protested to Beijing on Sunday after Chinese coast guard ships sailed into territorial waters surrounding disputed islands in the East China Sea, Japan said. Four Chinese vessels entered the waters surrounding islets, called the Senkaku in Japan and the Diaoyu in China, around 10.00 am local time (0100 GMT), according to Japan Coast Guard. They left ...

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