China's central government is encouraging local governments to acquire property and build affordable housing on it. (Photo by Mizuho Miyazaki)
China debt crunch

China taps public debt to buy unused land from developers

New response to property slump risks further financial woes for local governments

9 August 2024
Kobe Steel is Japan's third-largest steelmaker.
Companies

China's Baosteel, Baowu Aluminum, Japan's Kobe Steel to form joint venture

Japanese steelmaker to take 50% stake in automotive aluminum sheet company

8 August 2024
Swire owns exclusive rights to manufacture, market and distribute Coca-Cola products in 11 Chinese provinces and the city of Shanghai.
Food & Beverage

Swire's China Coca-Cola business mired in 'subdued' spending

Group turns toward Southeast Asia with 'appetite' for residential property

8 August 2024
A worker installs steel rods at a construction site in Paranaque, a city in Metro Manila.
Economy

Philippines' GDP accelerates to 6.3% despite 'anemic' consumption

Double-digit rise in government spending pushes Q2 growth to fastest in 5 quarters

8 August 2024
Tokyo Electron, a major Japanese chip-tool maker, revised up its annual earnings forecast due to expected strong AI demand. (Tokyo Electron)
Semiconductors

Tokyo Electron ups profit forecast, saying it sees strong AI demand

Chip-tool maker expects more memory chip investments, even as stock price slumps

8 August 2024
Shan Jizhang, a founder, chairman and CEO of Black Sesame International, second from the right, stands next to Hong Kong Exchange CEO Bonnie Chan at the listing ceremony on Aug. 8. (Photo by Kensaku Ihara)
IPO

TSMC-linked China auto chip maker plunges over 30% in Hong Kong IPO

Black Sesame International's weak debut clouds city's tech stock strategy

8 August 2024
Workers get lunch from roadside stalls near buildings under construction in Shenzhen's Qianhai New District, a commercial development sector of the city. The city government has begun to convert unsold apartments within its jurisdiction into affordable housing 
Property

Shenzhen throws weight behind China's drive to absorb unsold homes

City joins nationwide plan to convert abandoned projects into affordable housing

8 August 2024
The government change in Bangladesh came just after its credit rating was downgraded by S&P.
Economy

Bangladesh crisis leaves global markets bracing for economic impact

Garment exporter faces new financial risks ahead of exiting 'least developed' status

8 August 2024
Daiwa Securities aims to keep more of its wealth management services in-house by offering the loans.
Wealth Management

Japan's Daiwa to launch property loans in wealth management push

Group renews focus on high net worth clients by financing deals $2m and up

8 August 2024
Tan Su Shan, right, was appointed DBS Group Holdings deputy chief executive on Aug. 7 and will replace Piyush Gupta, left, as CEO next year. They are pictured with DBS Chairman Peter Seah. (DBS Group Holdings)
Finance

Singapore's DBS chief Piyush Gupta to step down after 15 years

Deputy CEO Tan Su Shan to take post next year as first female leader

7 August 2024
An attendee photographs the SoftBank Group logo at the SoftBank World 2017 conference in Tokyo. Yoshimitsu Goto, the conglomerate's chief financial officer, said on Aug. 7 that its "financial status is robust and stable," despite global market volatility.
SoftBank

SoftBank restates faith in AI amid global market anxiety

Conglomerate logs smaller Q1 loss on success of chip unit Arm after Monday's stock dip

7 August 2024
Like the Japanese yen, the Chinese yuan has been used to make carry trades -- borrowing in currencies of countries with low yields and investing in those with higher ones.
Currencies

Chinese yuan rally puts central bank's next moves in spotlight

Firmer currency could enable more monetary easing, analysts say, with caveats

7 August 2024
Stream article image
Announcements

JPX-Nikkei Index 400 to be reshuffled after periodic review

Component changes for mid- and small-cap index also to take effect on Aug. 30

7 August 2024
China Evergrande Group has more than $300 billion in liabilities.
China debt crunch

Evergrande unit Kailong hit with investor liquidation petition in China

Mainland court reviewing case filed by Shenzhen-listed appliance maker Vanward

7 August 2024
Dovish comments by the Bank of Japan's deputy governor drove up stock prices on Aug. 7. (Photo by Akitoshi Sugiura)
Equities

Japan stocks close up 1% on dovish BOJ signal

Financial shares such as SMFG and MUFG are biggest gainers

7 August 2024
Pre-owned homes for sale displayed at an real estate agent on June 26.
Caixin

Hong Kong pre-owned property prices hit eight-year low

While house prices continue to fall, rental market remains robust

7 August 2024
Goldman Sachs in a note said investors typically profit when they buy after a 5% selloff in the S&P 500 index.
Markets

Wall Street bounces back after global stocks rout

Fed officials push back on bearish sentiment about U.S. economy

7 August 2024
Honda trails behind Tesla and Chinese rivals in the EV race. (Photo by Yuki Nakao)
Automobiles

Honda has new alliance, but can it match Toyota on this stock metric?

Automaker needs to deliver on cost cuts, shareholder returns as it pursues EV scale

7 August 2024
Not A Hotel's Irori, a glass-walled villa in a forest near Karuizawa, Nagano prefecture, opened on July 16. (Not A Hotel)
Travel & Leisure

Japan's latest pitch to wealthy tourists: Timeshare designer palaces

A Bathing Ape's Nigo curates Not A Hotel's new villa on Tokyo Bay

7 August 2024
Reserve Bank of Australia Governor Michele Bullock speaks during a news conference in Sydney on August 6. (Photo by AAP Image)
Economy

Australian central bank 'near-term' interest rate cuts not on agenda

Governor says market volatility needs to be monitored after decision to stand pat

6 August 2024
Nikkei Stock Average rose as much as 3,453.38 points, or 10.98%, to 34,911.80 at one point. (Photo by Nanami Sato)
Equities

Japan stocks rebound 3,217 points for their largest single-day rise

Strong U.S. service sector data for July eases concerns of recession

6 August 2024
Evergrande New Energy Vehicle test cars are parked outside its research center in Shanghai in October 2021.
China debt crunch

China Evergrande EV units' bankruptcy adds roadblock for liquidators

Case clouds sale of car group amid move to recover billions from developer's execs

6 August 2024
Japan's top five trading houses -- Itochu, Mitsubishi Corp., Mitsui & Co., Sumitomo Corp. and Marubeni -- have drawn investment from Warren Buffett. (Source photos by Nikkei)
Companies

Buffett-backed Japan trading houses stick to annual forecasts

But conglomerates stay alert over uncertainties such as strengthening yen

6 August 2024
Japanese stocks took a big upswing on Aug. 6 after suffering their worst-ever sell-offs in the previous two trading days. (Photo by Nanami Sato)
Equities

Tokyo stocks brace for further volatility after biggest single-day jump

Market wary as it awaits U.S. rate cut decision and Japan real wage data

6 August 2024
U.S. markets finished down sharply on Aug. 5 amid fears of an American economic slowdown.
Markets

Market rout turns back to Asia after U.S. plunge

Asia's crash may not have hit bottom after Wall Street's volatility index spikes, analysts say

6 August 2024