China accounted for 43% of Applied Materials' sales for the February-April period this year. 
Semiconductors

U.S. chip equipment makers rely on China for 40% of sales

Applied Materials, Lam Research ship legacy products not targeted by export curbs

13 July 2024
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Podcast: News Roundup

All eyes on China's third plenum

Tune in to Nikkei Asia's podcast, bringing the region's key news to global listeners

12 July 2024
Japan's Ministry of Finance neither confirmed or denied foreign exchange market intervention on July 12. (Photo by Yutaka Miyaguchi)
Currencies

BOJ data hints at possible $22bn intervention on yen Thursday

Sharp rally in Japanese currency takes market players by surprise

12 July 2024
Japanese currency officials have declined to comment on whether they intervened to prop up the weak yen. (Photo by Yuji Murakami)
Currencies

Yen's volatility sparks intervention suspicion after U.S. CPI data

Nikkei average falls more than 1,000 points, partly due to Japanese currency's surge

12 July 2024
A freight train carrying cars to be exported arrives at a dock in Yantai in eastern China's Shandong province, on March 3. 
Trade

China exports rise 8.6% in June as global demand picks up

Growth in overseas shipments jumps to highest level in 15 months

12 July 2024
A shipyard in Busan, South Korea. Small- and medium-size enterprises have "considerable untapped potential" beyond supplying conglomerates, an OECD report said.
Economy

South Korea must boost SMEs as fertility declines, OECD says

Report advises streamlining complex government support programs for smaller firms

12 July 2024
A container ship sails in waters south of Singapore: The country's export-oriented economy grew 2.9% year-on-year in the second quarter of 2024.
Economy

Singapore Q2 GDP grew 2.9%, beating economist forecasts

City-state expects 1% to 3% expansion for 2024 as external demand recovers

12 July 2024
The forex move was likely triggered by options-related activity following the consumer price report.
Currencies

Dollar drops, yen surges as U.S. consumer prices fall in June

Japanese currency's gains spark speculation of possible forex intervention

12 July 2024
U.S. economic growth has also slowed in response to the Fed's rate hikes in 2022 and 2023.
Economy

U.S. consumer prices fall in June, delivering surprise hit to inflation

0.1% dip bolsters expectations that Federal Reserve will prepare for rate cuts

11 July 2024
An aerial view shows residential and commercial buildings in Kolkata, India. The global population, currently around 7.6 billion, is projected by the United Nations to surge to 11.2 billion by 2100.
Opinion

Is the world ready to house 10 billion people?

World Population Day highlights urgent need for sustainable solutions as numbers balloon

11 July 2024
Malaysia's central bank held its key policy interest rate steady on July 11, point to the potential for higher inflation due to changes in subsidies and price controls in the country. 
Economy

Malaysia central bank holds key rate steady on inflation risks

Monetary authorities cite likely price rises after change to diesel subsidies

11 July 2024
Chinese steelmakers are struggling with sluggish domestic demand and falling prices. (China Daily via Reuters)
Materials

Chinese listed steelmakers flag losses at home, raising export urgency

Domestic industry trapped by 'three highs and three lows' while trade barriers rise

11 July 2024
Japanese shares have been on a roll in recent months, firing up interest from overseas investors. (Photo by Jo Miyaguchi)
11 July 2024
Taiwan's newly appointed Foreign Minister Lin Chia-lung, left, stands with President-elect Lai Ching-te in April, ahead of Lai's inauguration. Lin is working to rev up Taipei's economic diplomacy, officials say. (Photo by AFP/Jiji)
International relations

Taiwan foreign minister steps up economic diplomacy under China pressure

Lin Chia-lung aims to establish overseas industrial zones, insiders say

11 July 2024
A butcher sells pork at a market stall in Madrid, Spain. Spain accounted for 22% of China's imported pork in 2023.
Opinion

China goes whole hog in EU trade tussle over pork imports

Beijing strikes back at EV tariffs, risking a trade war over pig products

11 July 2024
Russian President Vladimir Putin speaks to journalists after the Shanghai Cooperation Organization summit meeting in Kazakhstan on July 4. (Pool photo via Reuters)
Comment

Russia woos Global South in push for new world order

Gambit to curb Western influence hinges on outcome of Ukraine war

11 July 2024
The Bank of Japan's next policy meeting starts on July 30. (Photo by Satoko Kawasaki)
Bonds

Japan rate rise speculation grows as overseas investors await BOJ

Weak yen seen forcing central bank's hand on early hike

11 July 2024
At Fukuoka Airport serving southwest Japan, five airlines have cancelled plans to add more flights due to the nationwide fuel shortage. (Photo by Toshiki Sasazu)
Transportation

Japan plans for more tankers, imports to tackle jet fuel shortage

Transport ministry set to take action as regional airports struggle to add routes

11 July 2024
Excess Chinese steel production has led to an surge in imports across several Latin American countries.
Trade

U.S. and Mexico clamp down on Chinese steel imports

Brazil and other Latin American countries raise trade barriers amid influx

11 July 2024
Cars await export at a terminal at the port of Yantai, in China's Shandong province, in January 2024.
Electric cars in China

China EV exports fell 13.2% in June amid rising trade tensions

Domestic electric shift raises fresh concerns over glut of conventional cars

10 July 2024
A supermarket in Shanghai. China's consumer price index for June came in below expectations.
Economy

China's consumer prices rose less than expected in June

CPI up 0.2% while producer price deflation persisted

10 July 2024
Breaking down coal at a yard in Sonbhadra, Uttar Pradesh, India, on Nov. 23, 2021. Climate change, worsening heat waves and parched dams are cutting India's hydroelectricity production and leading to the encroachment of coal mining projects on rural communities.
The Big Story

India's climate crisis: New coal mining spreads as heat waves drain hydro dams

Remote communities desperate to protect nature take up bows and arrows to scare off mine officials

10 July 2024
The headquarters of the Bank of Japan in Tokyo.
Opinion

BOJ needs to remove the straitjacket of its hard 2% inflation target

Central bank should adopt a more balanced approach to its monetary policy

10 July 2024
Containers sit at a port in the Japanese city of Fukuoka. China provides the majority of Japanese imports for many types of consumer and industrial goods. (Photo by Shinya Sawai)
Trade

Japan relies on China, other single import partners for 40% of goods

The ratio is far above U.S. or G7 as the nation lags in diversification

10 July 2024
A train runs near the Chinese border in Kazakhstan. Much of the railway in Central Asia's Middle Corridor has aging infrastructure.
Transportation

Central Asian railway to offer new link between China, Europe

New rail network would bypass problematic routes through Russia and Red Sea

10 July 2024