The Thai baht gained 6% against the dollar between Aug. 1 and Sept. 12 thanks partly to a rise in exports.
Currencies

Thai, Malaysian and Indonesian currencies gain as dollar weakens

Southeast Asia enjoys growth; political fears sink Turkish lira, Mexican peso

14 September 2024
Store associates check packaged meat on display at a Yonghui supermarket in Xi'an, China. (Photo by Kohei Fujimura)
Retail

Struggling Chinese supermarket borrows from tiny rival's playbook

Yonghui upgrades stores to replicate pioneer Pangdonglai's success

14 September 2024
Electric vehicle models on display in Beijing. The U.S. enacts a 100% duty on electric vehicles imported from China as well as a 50% tariff on EV batteries, effective Sept. 27.
US-China tensions

U.S. to start steep China tariff hikes on EVs, solar cells, on Sept. 27

Industry group warns of potential for disrupting chip-related supply chains

14 September 2024
An entrance examination at a university. Falling enrollment is especially a problem for private schools that rely on tuition. (Photo by Yo Inoue)
Education

59% of Japan's private universities miss quotas for new enrollment

Government eyes reforms as falling birth rate hits small and rural schools most

14 September 2024
A partnership between General Motors and Hyundai Motor would be the first of its kind between U.S. and South Korean automakers. (Source photos by Reuters)
Automobiles

GM pivots to Hyundai from Honda in shifting EV landscape

U.S. and South Korean partners aim to bring down costs to compete with Chinese rivals

14 September 2024
Chinese fintech heavyweight Ant Group fully took over HaoDF through an affiliate.
Business deals

Alibaba fintech arm Ant Group buys Chinese health platform HaoDF

Telemedicine grows in China as hospitals are sparse in some areas

14 September 2024
Tokyo Electron President and CEO Toshiki Kawai speaks to Nikkei about the Indian market and other topics on Sept. 11. (Photo by Ryosuke Hanada)
Semiconductors

Tokyo Electron looks to tap India's chip potential early on: CEO

Chip tool maker sees global semiconductor market reaching $5tn by 2050

14 September 2024
Shein and Temu account for over 30% of shipments qualifying for de minimis exemptions from tariffs, according to a congressional report.
Retail

China's Shein and Temu face end to tariff-free imports into U.S.

White House to propose rules to limit 'loophole' for small shipments

14 September 2024
The 7-Eleven operator has been designated as particularly critical to Japanese security. (Photo by Yuji Murakami)
Retail

Japan's Seven & i now a 'core business,' with tighter investment rules

But addition to security list seen having little impact on Couche-Tard's buyout offer

14 September 2024
PwC, one of the global Big Four accounting firms, is paying a heavy price for its relationship with defaulted Chinese property developer Evergrande.
China debt crunch

China slaps PwC with 6-month suspension over Evergrande audit

Accounting firm fined total of $62m, says it is 'disappointed' in mainland arm

13 September 2024
Ports-to-telecoms conglomerate Adani Group is chaired by its billionaire founder Gautam Adani, one of Asia's richest men.
Adani Group

India's Adani Group eyed in Swiss money-laundering case

Conglomerate blasts reports about case as 'preposterous, irrational and absurd'

13 September 2024
U.S. President Joe Biden delivers remarks at the United Steel Workers headquarters in Pittsburgh, Pennsylvania, on April 17.
Business deals

Nippon Steel and U.S. Steel send letter to Biden on merger plans

Move followed reports president was preparing to block deal; contents not disclosed

13 September 2024
The dollar-yen rate is shown on a screen at a trading desk in Tokyo on Sept. 13. (Photo by Yuji Murakami)
Currencies

Yen hits strongest level this year on speculation of big Fed rate cut

Japanese currency's surge comes just days after reaching previous high

13 September 2024
Analysts say Tokyo Garden Terrace Kioicho, above, would be expected to fetch more than 300 billion yen if sold. (Photo by Hideki Yoshikawa)
Editor-in-Chief’s Picks

Letter from Nikkei Asia's editor: Japan Inc.'s treasure trove

Shin Nakayama shares his weekly reflections and recommendations

13 September 2024
Blackstone and ESR are eyeing the potential for rapid AI adoption in Japan. 
Technology

Blackstone and ESR race to develop AI data centers in Japan

Country's demographics expected to fuel massive demand for labor-saving tech

13 September 2024
Chinese companies like Huawei are betting big on foldable displays.
Technology

China's foldable phone rush to boost local display makers

Top 3 players set to have over 50% of folding display market this year: report

13 September 2024
An electronic board shows stock indexes in Shanghai's financial district.
Markets

Foreign investors lukewarm on China stocks despite Fed rate cut buzz

Property worries persist, but some say worst is over for Chinese markets

13 September 2024
Elon Musk 
Media & Entertainment

Elon Musk calls Australian government 'fascists' over bill on falsehoods

Canberra could fine social media firms for failing to prevent spread of misinformation

13 September 2024
Singaporean telecom company Singtel is pouring resources into new growth areas, such as IT systems and data centers, as its mainstay domestic business matures.
Telecommunication

Singtel pushes data centers, IT as mobile business matures

Shares at 4-year high as region's largest telecom company seeks growth

13 September 2024
A Malaysia Airlines plane taxis to a gate at Kuching International Airport on June 3: The flagship airline is cutting flights to address operational problems. (Photo by Norman Goh)
Transportation

Malaysia Airlines hits roadblocks amid post-COVID recovery

Flagship carrier cuts 20% of capacity over incidents, aircraft delivery delays

13 September 2024
China sees renewable energy sources like solar as key to its energy security.
Energy

China drafts law on energy security, renewables amid U.S. tensions

Proposed law urges resource development to ensure steady supply in emergencies

13 September 2024
A Tatebayashi Moulding worker shapes a stamping die with a grinder: Under the ownership of BYD, the company is moving to implement new designs more quickly. (Photo by Suzu Takahashi)
Business Spotlight

Japanese auto parts makers scramble to prepare for EV shift

'No time to rest,' given lead time for phase out of gasoline-powered cars

13 September 2024
Tokyo Gas has sold its interest in four liquefied natural gas projects as it shifts resources toward areas such as decarbonization.
Business deals

Japan companies reap nearly $56bn from 3 years divesting

Tokyo Gas, Eneos, Mitsubishi among the biggest seeking capital efficiency

13 September 2024
An Iranian worker in southeastern Iran, near the Pakistani border welds two gas pipes at the beginning of construction in March 2013 of a pipeline to transfer natural gas between the two countries.
Opinion

Pakistan needs to learn lessons from failed Iran gas pipeline project

Islamabad should take a more strategic and realistic approach to its energy challenges

13 September 2024
The pace of new hydrogen station openings in China has slowed. (Photo by Shunsuke Tabeta)
Electric cars in China

China's fuel cell vehicle push loses momentum as sales sputter

Sinopec says it's being 'very cautious' on opening hydrogen stations

13 September 2024