The Reserve Bank of New Zealand in Wellington. The central bank signaled more cuts ahead depending on how inflation evolves.
Economy

N.Z. cuts rates for first time in over 4 years, flags more easing

Kiwi dollar tumbles as markets bet on more aggressive easing path

14 August 2024
The new Techo Takhmao International Airport, under construction outside Phnom Penh on March 12. (Photo by Hiroki Endo)
Transportation

Cambodia resolves Phnom Penh airport tensions with new rights grant

France's Vinci to operate capital's new Chinese-built international gateway

14 August 2024
Workers construct a pedestrian walkway near the State Palace and the eagle-shaped Garuda Palace in Indonesia's new capital Nusantara on Borneo.
Business trends

Indonesia's new capital Nusantara attracts increased investor interest

Prabowo asserts support for project amid private sector doubts

14 August 2024
The Mount Holland lithium mine in Southern Cross, Western Australia: Some producers of the key ingredient in EV batteries are scaling back production as others push ahead.
Commodities

As lithium slump drags on, some Australian miners look to grow

Operators push through gloom to position for long-term demand forecasts

14 August 2024
Mercari has struggled in the U.S. as inflation-hit consumers tighten their purse strings.
Retail

Japan resale app Mercari delivers record profit amid U.S. troubles

China e-commerce platforms like Temu lure away Americans with cheaper products

14 August 2024
Meiji Yasuda unit StanCorp is the sixth-largest U.S. provider of all-employee group disability insurance and ranks 20th for voluntary group policies.
Business deals

Japan's Meiji Yasuda Life to buy Allstate insurance unit for $2bn

Provider looks to bolster group insurance business in the U.S.

14 August 2024
Amid surging labor demand in an AI boom, Vietnam aims to train at least 50,000 chip engineers and designers by 2030 as industry giants look to offset severe staff shortages in their home markets. (Illustration by Yoshiko Kawano)
The Big Story

Vietnam turns chip sector magnet with affordable, quality talent pool

US, Taiwan, South Korean players beat path to Vietnam though boom strains resources

14 August 2024
Fanuc is focused on reducing excess inventory instead of building new capacity. (Photo by Hirofumi Hasebe) 
Technology

Japan's Fanuc builds $4bn cash hoard. Is it ready to spend?

Investors watch for next step from robot maker as rivals spend more freely

14 August 2024
Seven & i plans to achieve net-zero carbon dioxide emissions in Japan by fiscal 2050. (Photo by Kosuke Imamura) 
Energy

Japan 7-Eleven parent to source renewable power for group stores

Seven & i wants green energy for 40% of electricity at domestic locations in fiscal 2030

14 August 2024
CATL's new showroom, which does not sell cars, features models from around 50 global brands. (Photo by Shizuka Tanabe)
Electric vehicles

CATL markets itself directly to consumers in rivalry with BYD

Company showroom sports 50 EV brands from Tesla to Xiaomi, all with its batteries

14 August 2024
SMFG first agreed to purchase a stake in Jefferies Financial Group in 2021 as part of a strategic partnership.
Finance

Japan's SMFG lifts Jefferies stake to boost investment banking ops

Financial group chases domestic peers in key business segment

14 August 2024
Net profit is expected to fall 1% this fiscal year for companies on the Tokyo Stock Exchange's Prime market. (Photo by Mizuho Miyazaki)
Business trends

Japan Inc. projects 1% net profit dip on yen uptick and U.S. worries

Outlook for fiscal year improves slightly, but slump continues in autos and steel

14 August 2024
Singapore e-commerce and gaming group Sea released second-quarter earnings on Aug. 13.
Technology

Shares in Singapore's Sea soar 11% on raised guidance

Tech group expects value of goods sold by shopping platform Shopee to grow 20% in 2024

14 August 2024
NagaWorld in Phnom Penh. A suspended Russian project is weighing on the Cambodian casino group. (Photo by Masayori Ishikawa)
Media & Entertainment

Cambodia's NagaCorp flags up to $95m charge on Russia casino project

Stalled Vladivostok resort threatens to push company into the red

13 August 2024
The stocks of major exporters Sony Group and Toyota Motor rose 5% and 3.3%, respectively, on the Nikkei average by the end of trading on Tuesday. (Photo by Yutaka Miyaguchi)
Equities

Japan stocks surge 3.5% on return from holiday with weak yen's support

Chip-related companies, major exporters gain in rally

13 August 2024
These vehicle carcasses were left by a fire that broke out Aug. 1, reportedly under the hood of a Mercedes-Benz EV in the underground parking lot of an apartment complex in Incheon, South Korea.
Electric vehicles

South Korea EV fires spark calls for stricter safety rules

Analysts foresee potential sales decline in fallout after blazes

13 August 2024
President and CEO of the Philippine Stock Exchange Ramon Monzon said in an exclusive interview with Nikkei Asia that cuts in the key benchmark rate is vital to generate excitement among investors and lure new IPOs to the market. (Nikkei montage / Source photos by Yuki Fujita)
Equities

Philippine exchange chief backs rate cuts to spur IPOs

Central bank halfway to new listing target set for 2024

13 August 2024
Shanghai's Lujiazui financial district. The city was the first to establish a QDLP in 2012 and counts $5 billion worth of allocations through the mechanism so far.
China debt crunch

China mechanism for foreign investment faces tighter scrutiny

Checks meant to curb risk and ensure taxation create bottlenecks amid high demand

13 August 2024
Tesla CEO Elon Musk, left, and Republican presidential nominee and former U.S. President Donald Trump 
U.S. elections 2024

Trump tells Musk he hopes to 'get along' with Xi, Putin in X interview

Former President also says to Tesla CEO not everybody should have an EV

13 August 2024
A shopper walks down an aisle at an Aeon Orange supermarket in Yangon.
Myanmar Crisis

Myanmar releases detained Japanese executive after sentencing

Military neither explains decision nor gives Hiroshi Kasamatsu's whereabouts

13 August 2024
France's TotalEnergies sold its stake in a network of 800 fueling stations in Pakistan.
Business trends

TotalEnergies' Pakistan exit stirs company exodus fears

French energy major latest Western multinational to quit crisis-hit Asian nation

13 August 2024
Singapore's economy grew 2.9% in the April-June quarter from a year earlier. (Photo by Ken Kobayashi)
Economy

Singapore upgrades full-year GDP growth forecast to 2-3%

Trade ministry says manufacturing sector will recover gradually in second half

13 August 2024
The dollar is coming down from a prolonged period of strength, boosting Asian currencies. (Photo by Akira Kodaka)
Currencies

Ringgit, baht gain against dollar on speculation of U.S. rate cut

Asian central banks seen weighing own moves as inflationary pressures ease

13 August 2024
The Hokuriku Shinkansen extension is now seen costing up to 5.3 trillion yen, more than double the original forecast. (Photo by Yo Inoue)
Transportation

Japan bullet train extension plan under pressure as costs soar

Benefits of project in doubt with price tag seen rising up to $36bn

13 August 2024
A soldier with the Japanese Ground Self-Defense Force takes part in a military drill on the uninhabited Irisuna island close to Okinawa, Japan, in November 2023.
Opinion

Japan must hedge currency risk to avoid defense funding crisis

Biggest military buildup since World War II at risk from fluctuating forex

13 August 2024