Mumbai becomes Asia's billionaire capital, topped by Mukesh AmbaniWith 92 billionaires, India's financial hub Mumbai has overtaken Beijing as Asia's ... Show more
Sony opens $66m Thailand fab for driver-assist image sensors: BANGKOK -- Sony Group has started operations at a new semiconductor fab in Thailand ...
asia.nikkei.com/Business/Tech/Semiconductors/Sony-opens-66m-Thailand-fab-for-driver-assist-image-sensors
China lifts punitive tariffs on Australian wine after three years: SYDNEY -- China's Ministry of Commerce announced Thursday it will lift the punitive ...
asia.nikkei.com/Economy/Trade/China-lifts-punitive-tariffs-on-Australian-wine-after-three-years
Xiaomi enters China's challenging auto market with $29,870 EV: BEIJING (Reuters) -- Xiaomi kicked off sales of its electric car on Thursday ...
asia.nikkei.com/Business/Automobiles/Xiaomi-enters-China-s-challenging-auto-market-with-29-870-EV
Myanmar military scales back annual parade as fighting escalates: BANGKOK/NAYPYITAW -- The annual parade to mark Myanmar's Armed Forces Day took place on ...
asia.nikkei.com/Spotlight/Myanmar-Crisis/Myanmar-military-scales-back-annual-parade-as-fighting-escalates
Taiwan's Advantech aims to turn Malaysia into Southeast Asia hub: PENANG, Malaysia -- Taiwanese industrial computer maker Advantech is stepping up investment in ...
asia.nikkei.com/Spotlight/Supply-Chain/Taiwan-s-Advantech-aims-to-turn-Malaysia-into-Southeast-Asia-hub
Cambodia moves to 'drain the swamp' with arrest of tycoons: PHNOM PENH -- A Cambodian tycoon has been arrested after she allegedly swindled investors out of ...
asia.nikkei.com/Spotlight/Society/Crime/Cambodia-moves-to-drain-the-swamp-with-arrest-of-tycoons
Trump may press Japan to defend U.S. in security treaty: John Bolton: WASHINGTON -- Japan must be ready to deal with any changes Donald Trump may demand to its ...
asia.nikkei.com/Editor-s-Picks/Interview/Trump-may-press-Japan-to-defend-U.S.-in-security-treaty-John-Bolton
Singapore starts dual probes of Baltimore bridge collapse : SINGAPORE -- Singapore will launch dual investigations of the Baltimore bridge collapse ...
asia.nikkei.com/Business/Transportation/Singapore-starts-dual-probes-of-Baltimore-bridge-collapse
Small business can create more jobs in India than Tesla will: Ritesh Kumar Singh is founder and chief executive of policy research and advisory company ...
asia.nikkei.com/Opinion/Small-business-can-create-more-jobs-in-India-than-Tesla-will
Taiwan builds up mobile defenses, preparing for Chinese landing: TAIPEI -- The Taiwanese military is changing how it plans to respond to an attack by ...
asia.nikkei.com/Politics/International-relations/Taiwan-tensions/Taiwan-builds-up-mobile-defenses-preparing-for-Chinese-landing
Deadly Pakistan attacks threaten China economic ties: ISLAMABAD -- A string of deadly attacks on Chinese interests in Pakistan is threatening to slam ...
asia.nikkei.com/Politics/International-relations/Deadly-Pakistan-attacks-threaten-China-economic-ties
Kia aims to qualify for $7,500 U.S. EV tax credit by early 2025: NEW YORK -- South Korean automaker Kia says it will start making its electric SUV in the U.S ...
asia.nikkei.com/Business/Automobiles/Kia-aims-to-qualify-for-7-500-U.S.-EV-tax-credit-by-early-2025
Philippines' Marcos vows response to China's 'attacks': MANILA (Reuters) -- The Philippines will implement countermeasures proportionate and reasonable against ...
asia.nikkei.com/Politics/International-relations/South-China-Sea/Philippines-Marcos-vows-response-to-China-s-attacks
Dongfeng posts first net loss as ventures with Japan carmakers slump: GUANGZHOU -- Dongfeng Motor Group has logged its first full-year net loss since the major ...
asia.nikkei.com/Business/Automobiles/Dongfeng-posts-first-net-loss-as-ventures-with-Japan-carmakers-slump
Itochu and BCG team on AI-powered business consulting in Japan: TOKYO -- Japanese trading house Itochu and U.S.-based Boston Consulting Group will start a joint ...
asia.nikkei.com/Business/Technology/Itochu-and-BCG-team-on-AI-powered-business-consulting-in-Japan
Tech Latest: Binance CEO stresses new 'compliance focused' culture: Tech Latest by Nikkei Asia brings you the newest updates from Asia's technology industry ...
asia.nikkei.com/Spotlight/Podcast/Tech-Latest-Binance-CEO-stresses-new-compliance-focused-culture
Top Chinese banks warn of spillover risks from property crisis: HONG KONG -- China's top four banks collectively reported an increase in total bad loans in ...
asia.nikkei.com/Business/Markets/China-debt-crunch/Top-Chinese-banks-warn-of-spillover-risks-from-property-crisis
Led by Nvidia, U.S. dominates in generative AI tech: TOKYO -- U.S. tech companies have come to dominate multiple facets of the burgeoning market for generative ...
asia.nikkei.com/Business/Technology/Led-by-Nvidia-U.S.-dominates-in-generative-AI-tech
Japan's Kishida calls it appropriate for BOJ to keep easy policy: TOKYO (Reuters) -- Japanese Prime Minister Fumio Kishida said on Thursday it was appropriate ...
asia.nikkei.com/Politics/Japan-s-Kishida-calls-it-appropriate-for-BOJ-to-keep-easy-policy
Xi Jinping meets top U.S. executives, then Dutch PM in Beijing: SHANGHAI -- Chinese President Xi Jinping on Wednesday met top U.S. business executives before ...
asia.nikkei.com/Politics/International-relations/Xi-Jinping-meets-top-U.S.-executives-then-Dutch-PM-in-Beijing
China's telcos dial it back and Southeast Asia's green shift slows: Hello, this is Kenji from Hong Kong.We are in the midst of the annual earnings season here ...
asia.nikkei.com/techAsia/China-s-telcos-dial-it-back-and-Southeast-Asia-s-green-shift-slows
BOJ policymakers saw need to go slow in future rate hikes: TOKYO (Reuters) -- Many Bank of Japan policymakers saw a need to go slow in phasing out its ultraloose ...
asia.nikkei.com/Economy/Bank-of-Japan/BOJ-policymakers-saw-need-to-go-slow-in-future-rate-hikes
Thailand's parliament approves same-sex marriage bill: BANGKOK -- Thailand's House of Representatives on Wednesday passed a bill legalizing same-sex ...
asia.nikkei.com/Spotlight/Gender/Thailand-s-parliament-approves-same-sex-marriage-bill
Quick Glance: Thailand Moves Closer to Legalizing Same-Sex Unions
- Thailand's parliament approves a landmark marriage equality bill.
- The bill recognizes marriage between two individuals regardless of gender.
- Passage of the bill is a significant step for Thailand towards liberalizing attitudes on LGBT issues.
- Although there are some unresolved issues, the bill is seen as a positive step for the LGBT community.
Japan passes 112.57tn yen budget, including record defense spend: TOKYO (Kyodo) -- Japan's parliament on Thursday enacted a 112.57 trillion yen ($744 ...
asia.nikkei.com/Economy/Japan-passes-112.57tn-yen-budget-including-record-defense-spend
Japan's Kuraray plans Singapore plant for packaging that cuts food waste: TOKYO -- Japanese plastic maker Kuraray will construct a $410 million plant in ...
asia.nikkei.com/Business/Materials/Japan-s-Kuraray-plans-Singapore-plant-for-packaging-that-cuts-food-waste
Japan's renewed push for homegrown airliner faces turbulent path: TOKYO -- Japan's new effort to develop a next-generation airliner by 2035 will seek to ...
asia.nikkei.com/Business/Aerospace-Defense-Industries/Japan-s-renewed-push-for-homegrown-airliner-faces-turbulent-path
China TV makers target European soccer, NFL to expand overseas: GUANGZHOU -- Chinese TV makers like Hisense are using this year's major international ...
asia.nikkei.com/Business/Electronics/China-TV-makers-target-European-soccer-NFL-to-expand-overseas
Japan to loosen residency rules for foreign entrepreneurs: TOKYO -- Japan will soon relax residency requirements for foreign nationals who start businesses ...
asia.nikkei.com/Spotlight/Japan-immigration/Japan-to-loosen-residency-rules-for-foreign-entrepreneurs
Chocolate mushroom-shaped earbuds sell out in 10 minutes: TOKYO -- Limited-edition wireless earbuds made to look like a mushroom-shaped chocolate snack ...
asia.nikkei.com/Business/Electronics/Chocolate-mushroom-shaped-earbuds-sell-out-in-10-minutes
BOJ policy shift not yet a turning point for Japan's economy: Masaaki Shirakawa is a distinguished guest professor at Aoyama Gakuin University in Tokyo and a ...
asia.nikkei.com/Opinion/BOJ-policy-shift-not-yet-a-turning-point-for-Japan-s-economy
China hopes Netherlands will resume full lithography machine trade: BEIJING (Reuters) -- China hopes the Netherlands will support companies in fulfilling ...
asia.nikkei.com/Business/Tech/Semiconductors/China-hopes-Netherlands-will-resume-full-lithography-machine-trade
EV makers offer deep discounts as Thai auto market weakens: BANGKOK -- Signs of economic weakness in Thailand hang over Bangkok's biannual motor show ...
asia.nikkei.com/Business/Automobiles/EV-makers-offer-deep-discounts-as-Thai-auto-market-weakens
'Trust deficit' between China and Myanmar's military, report says: BANGKOK -- China, which has shielded Myanmar's regime from United Nations Security ...
asia.nikkei.com/Spotlight/Myanmar-Crisis/Trust-deficit-between-China-and-Myanmar-s-military-report-says
Yen depreciation swayed by China central bank's yuan guidance: TOKYO/BOAO, China -- As the Japanese currency depreciated to its lowest point in 34 years ...
asia.nikkei.com/Business/Markets/Currencies/Yen-depreciation-swayed-by-China-central-bank-s-yuan-guidance
Japan approves export of cutting-edge fighter jets: 3 things to know: TOKYO -- The Japanese government on Tuesday approved revised guidelines to its strict ...
asia.nikkei.com/Politics/Defense/Japan-approves-export-of-cutting-edge-fighter-jets-3-things-to-know2
Australia sets up $650m fund for domestic solar panel manufacturing: SYDNEY -- Australian Prime Minister Anthony Albanese has announced a fund totaling 1 billion ...
asia.nikkei.com/Business/Energy/Australia-sets-up-650m-fund-for-domestic-solar-panel-manufacturing
As West draws closer to Vietnam, Hanoi gets more like Beijing: Dien Luong is an associate fellow with the media, technology and society program of the ...
asia.nikkei.com/Opinion/As-West-draws-closer-to-Vietnam-Hanoi-gets-more-like-Beijing
PetroChina does business as usual with Russia: HONG KONG -- Chinese state-owned energy groups continue to buy crude oil and natural gas from Russia ...
asia.nikkei.com/Business/Energy/PetroChina-does-business-as-usual-with-Russia
BOJ board divided over economic strength upon negative rate exit: TOKYO (Reuters) -- Bank of Japan policymakers were divided on whether the economy was ...
asia.nikkei.com/Economy/Bank-of-Japan/BOJ-board-divided-over-economic-strength-upon-negative-rate-exit
Japan to upgrade 16 ports, airports for defense, from Okinawa to Hokkaido: TOKYO -- The Japanese government will designate 16 ports and airports nationwide for ...
asia.nikkei.com/Politics/Defense/Japan-to-upgrade-16-ports-airports-for-defense-from-Okinawa-to-Hokkaido
Japan authorities confer on sliding yen, hint at intervention: TOKYO (Reuters) -- Japan's three main monetary authorities held an emergency meeting on ...
asia.nikkei.com/Business/Markets/Currencies/Japan-authorities-confer-on-sliding-yen-hint-at-intervention
Quick Glance: Japanese Authorities Address Weakening Yen, Signal Intervention
- Masato Kanda, vice finance minister for international affairs, mentions Japan's readiness to respond to disorderly FX moves.
- Japan's three main monetary authorities held an emergency meeting to discuss the weakening yen and indicated willingness to intervene to stop speculative currency market moves.
- Amid the yen falling to a 34-year low against the dollar, urgency was emphasized by the Bank of Japan, Finance Ministry, and Financial Services Agency to stabilize the yen.
- A weaker yen raises Japanese import costs, fuels inflation, and increases the cost of living.
Japan to take another shot at a homegrown airliner, eyeing hydrogen: TOKYO -- Japan's government has revealed a plan to collaborate with the private sector ...
asia.nikkei.com/Business/Aerospace-Defense-Industries/Japan-to-take-another-shot-at-a-homegrown-airliner-eyeing-hydrogen
U.N. sanctions on North Korea have been losing their bite: SEOUL -- Economic sanctions imposed by the United Nations on North Korea have been losing their impact ...
asia.nikkei.com/Spotlight/Datawatch/U.N.-sanctions-on-North-Korea-have-been-losing-their-bite
India's chipmaking ambitions shadowed by infrastructure concerns: MUMBAI -- India is accelerating efforts to become a global powerhouse in semiconductor ...
asia.nikkei.com/Business/Tech/Semiconductors/India-s-chipmaking-ambitions-shadowed-by-infrastructure-concerns
SK Hynix weighs $4bn U.S. chip packaging plant: SEOUL -- SK Hynix is looking into building a U.S. chip packaging plant, the CEO of the South Korean memory ...
asia.nikkei.com/Business/Tech/Semiconductors/SK-Hynix-weighs-4bn-U.S.-chip-packaging-plant
Analysis: Japan-bashing Chinese unwittingly target Xi's lucky temple: Katsuji Nakazawa is a Tokyo-based senior staff and editorial writer at Nikkei ...
asia.nikkei.com/Editor-s-Picks/China-up-close/Analysis-Japan-bashing-Chinese-unwittingly-target-Xi-s-lucky-temple
South Korea's Coupang plans $2bn expansion of next-day delivery: SEOUL -- Top South Korean online shopping group Coupang said Wednesday it will invest 3 ...
asia.nikkei.com/Business/Retail/South-Korea-s-Coupang-plans-2bn-expansion-of-next-day-delivery
Japanese yen drops to lowest in 34 years despite BOJ rate hike: TOKYO -- The yen dropped to its lowest level in 34 years early Wednesday, trading near 152 to the ...
asia.nikkei.com/Business/Markets/Currencies/Japanese-yen-drops-to-lowest-in-34-years-despite-BOJ-rate-hike
Renesas CEO criticizes Japan's wage hike culture as 'very local': TOKYO -- The Japanese business practice of uniformly implementing wage hikes is outdated and ...
asia.nikkei.com/Spotlight/Work/Renesas-CEO-criticizes-Japan-s-wage-hike-culture-as-very-local
Japan sails close to offshore wind snags as fisheries, tech challenges lurk: TOKYO -- The fate of Japan's grand plan to tap into its plentiful wind power ...
asia.nikkei.com/Spotlight/Asia-Insight/Japan-sails-close-to-offshore-wind-snags-as-fisheries-tech-challenges-lurk
Nissan to invest in Renault's Ampere as part of EV roadmap, CEO says: ORAGADAM, India (Reuters) -- Japan's Nissan Motor will invest in ...
asia.nikkei.com/Business/Automobiles/Nissan-to-invest-in-Renault-s-Ampere-as-part-of-EV-roadmap-CEO-says
Philippines wealth fund will 'avoid' fate of Malaysia's 1MDB, chief says: MANILA -- The Philippines' new sovereign wealth fund is set to launch in the third ...
asia.nikkei.com/Editor-s-Picks/Interview/Philippines-wealth-fund-will-avoid-fate-of-Malaysia-s-1MDB-chief-says
Singapore sets response deadline for family office applications: SINGAPORE -- Singapore's financial regulator is pushing family office applicants to respond ...
asia.nikkei.com/Business/Markets/Wealth-Management/Singapore-sets-response-deadline-for-family-office-applications
Taiwan has turned to Southeast Asian students as a source of workers for the semiconductor industry.asia.nikkei.com/Business/Technology/Taiwan-bets-on-Vietnam-Indonesia-for-future-chip-industry-talent
Chinese central bank chief highlights $550bn currency swap 'safety net': BOAO, China (Reuters) -- China's central bank will continue to promote currency ...
asia.nikkei.com/Business/Markets/Currencies/Chinese-central-bank-chief-highlights-550bn-currency-swap-safety-net
Pakistan's national parties never mind the Balochs: Salman Rafi Sheikh is assistant professor of politics at the Mushtaq Ahmad Gurmani School of Humanities and ...
asia.nikkei.com/Opinion/Pakistan-s-national-parties-never-mind-the-Balochs
China kicks off clampdown on local financial asset exchanges
asia.nikkei.com/Spotlight/Caixin/China-kicks-off-clampdown-on-local-financial-asset-exchanges
China challenges U.S. electric vehicle subsidies at WTO: BEIJING -- China has filed a complaint with the World Trade Organization against U.S ...
asia.nikkei.com/Economy/Trade/China-challenges-U.S.-electric-vehicle-subsidies-at-WTO
'Shogun' star Hiroyuki Sanada paves Hollywood path for Japanese talent: TOKYO -- After roughly two decades working in Hollywood, Japanese actor Hiroyuki Sanada ...
asia.nikkei.com/Business/Media-Entertainment/Shogun-star-Hiroyuki-Sanada-paves-Hollywood-path-for-Japanese-talent
U.S. protectionism lurks behind yen's stubborn weakness: TOKYO -- The yen is caught in a historic stretch of weakening that shows no sign of ending even after ...
asia.nikkei.com/Business/Markets/Currencies/U.S.-protectionism-lurks-behind-yen-s-stubborn-weakness
Hyundai Motor to spend $51bn over 3 years, mostly on EVs: SEOUL (Reuters) -- South Korea's Hyundai Motor Group said on Wednesday it will invest 68 trillion ...
asia.nikkei.com/Business/Automobiles/Hyundai-Motor-to-spend-51bn-over-3-years-mostly-on-EVs
Moscow attack reveals ISIS-K's widening strategy of deadly disruption: ISLAMABAD -- The bloody siege at a Moscow theater on Friday underlines the expanding reach ...
asia.nikkei.com/Politics/Terrorism/Moscow-attack-reveals-ISIS-K-s-widening-strategy-of-deadly-disruption
Nomadic culture on the Himalayan front line: Tucked away in the rugged Himalayan Pir Panjal mountain range of Indian-administered Kashmir, my home terrain ...
asia.nikkei.com/Editor-s-Picks/Tea-Leaves/Nomadic-culture-on-the-Himalayan-front-line
BOJ's next challenge will be to pull back from stocks and bonds: William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What ...
asia.nikkei.com/Opinion/BOJ-s-next-challenge-will-be-to-pull-back-from-stocks-and-bonds
Exxon says U.S. subsidy rules threaten hydrogen-ammonia project: HOUSTON, Texas -- U.S. tax credit rules may upend what is set to be the world's ...
asia.nikkei.com/Business/Energy/Exxon-says-U.S.-subsidy-rules-threaten-hydrogen-ammonia-project
China's distressed property developer losses start to pile up: HONG KONG -- The severity of the financial damage to China's distressed property developers ...
asia.nikkei.com/Business/Markets/China-debt-crunch/China-s-distressed-property-developer-losses-start-to-pile-up
Vietnam policies unaffected by president's resignation: diplomat: WASHINGTON (Reuters) -- Vietnamese Foreign Minister Bui Thanh Son said on Tuesday the second ...
asia.nikkei.com/Politics/Vietnam-policies-unaffected-by-president-s-resignation-diplomat
India's financial hub Mumbai has overtaken Beijing as Asia's billionaire capital for the first time, led by business leaders including Mukesh Ambani of ... Show more
Singapore-flagged container ship brings down Baltimore bridge: (Reuters) -- A major bridge collapsed in the U.S. port of Baltimore in the early hours of Tuesday ...
asia.nikkei.com/Business/Transportation/Singapore-flagged-container-ship-brings-down-Baltimore-bridge2
Quick Glance: Tragedy in Baltimore: Fatal Bridge Collapse and Intensive Investigations
- A cargo ship that lost control and crashed into a bridge in Baltimore had previously undergone engine maintenance in the port, according to the US Coast Guard. Divers retrieved the bodies of two of the six workers who fell into the water, while the search for the others was deemed unsuccessful.
- Investigators commenced gathering evidence from the cargo ship involved in striking the Francis Scott Key Bridge. The victims were from Mexico, Guatemala, Honduras, and El Salvador, with authorities suspecting that the other vehicles with victims were trapped.
Alibaba cancels planned IPO of logistics unit Cainiao: HONG KONG -- Alibaba Group has canceled the planned listing of its logistics arm Cainiao Smart Logistics ...
asia.nikkei.com/Business/Markets/IPO/Alibaba-cancels-planned-IPO-of-logistics-unit-Cainiao
North Korea rejects negotiations with Japan over summit: SEOUL -- Kim Yo Jong, the influential sister of North Korea's leader, on Tuesday rejected the ...
asia.nikkei.com/Politics/International-relations/North-Korea-rejects-negotiations-with-Japan-over-summit
Quick Glance: Japanese PM Offers to Meet Kim Jong Un, Conditions Pose Challenges
- North Korea states that Japanese Prime Minister Fumio Kishida proposed a meeting with North Korean leader Kim Jong Un 'as soon as possible,' contingent on Tokyo's stance towards North Korea's weapons program and past abductions of Japanese nationals.
- Kishida emphasizes the importance of a meeting with Kim to address the abduction issue, but North Korea's preconditions make a Kim-Kishida summit unlikely.
- Kim Yo Jong, Kim Jong Un's sister, highlights the need for Japan to make political decisions aligned with its overall interests to enhance bilateral relations and regional peace.
- Experts suggest that a potential meeting could benefit both North Korea and Japan, with North Korea aiming to strengthen its position and Japan considering potential economic assistance if ties normalize.
Six killed in suicide bombing of Chinese interests in Pakistan: PESHAWAR, Pakistan (Reuters) -- A suicide bomber rammed a vehicle into a convoy of Chinese ...
asia.nikkei.com/Politics/Terrorism/Six-killed-in-suicide-bombing-of-Chinese-interests-in-Pakistan
Quick Glance: Six Killed in Suicide Attack on Chinese Engineers in Pakistan
- A suicide bomber targeted a convoy of Chinese engineers in Pakistan, resulting in six fatalities.
- The engineers were en route to a dam construction site when the attack occurred.
- Attacks on Chinese interests in Pakistan are seen as attempts to destabilize the country and create discord between Pakistan and its allies, notably China.
- Pakistan condemned the attack and emphasized the importance of the safety of Chinese nationals in the country.
Hong Kong's new national security law enforced for first time: HONG KONG -- Authorities in Hong Kong have denied early release to a prisoner convicted of ...
asia.nikkei.com/Spotlight/Hong-Kong-security-law/Hong-Kong-s-new-national-security-law-enforced-for-first-time
China rap contest's urine test highlights risks of crossing red lines: NEW YORK -- Chinese rapper 3Bangz walked into a hotel in the city of Wuxi while recording ...
asia.nikkei.com/Business/Media-Entertainment/China-rap-contest-s-urine-test-highlights-risks-of-crossing-red-lines
BYD shares rebound on China's latest push for EV buying: TOKYO -- Shares in Chinese electric-vehicle maker BYD have bounced back about 30% from recent lows after ...
asia.nikkei.com/Spotlight/Electric-cars-in-China/BYD-shares-rebound-on-China-s-latest-push-for-EV-buying
Taiwan bets on Vietnam, Indonesia for future chip-industry talent: TAIPEI -- As a falling birthrate threatens to shrink Taiwan's pool of high-tech talent ...
asia.nikkei.com/Business/Technology/Taiwan-bets-on-Vietnam-Indonesia-for-future-chip-industry-talent
Thailand, Philippines embrace nuclear power to cut emissions: BANGKOK/MANILA -- Thailand and the Philippines are charging ahead with plans to start nuclear ...
asia.nikkei.com/Business/Energy/Thailand-Philippines-embrace-nuclear-power-to-cut-emissions
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