KKR plans to help Japanese systems developer Fuji Soft go private. (Photo by Nikkei)
Business deals

KKR eyes $4bn buyout to take Japan's Fuji Soft private

Systems developer to discuss bid amid push by top shareholder

7 August 2024
The Peninsula Hotel in Hong Kong. The luxury group has struggled to maintain earnings momentum. (Photo by Ken Kobayashi)
Travel & Leisure

Peninsula Hotels operator slips back to net loss, hit by 'weak' Hong Kong

Reported detention of Myanmar partner 'nothing to do with' Yangon hotel, exiting CEO Kwok says

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
Sony Group has raised its full-year net profit forecast.
Media & Entertainment

Sony hikes full-year net profit forecast to $6.7bn

Group president to 'closely' watch direction of U.S. economy

7 August 2024
Cathay Pacific, Hong Kong's flag carrier, continues to recover from the COVID-19 pandemic. (Photo by Ken Kobayashi)
Transportation

Cathay Pacific logs double-digit revenue growth as costs eat into profit

$12.8bn seven-year investment plan unveiled; chairman 'confident' in city's future

7 August 2024
U.S. Ambassador to Japan Rahm Emanuel will no longer attend the Nagasaki peace ceremony on Friday.
International relations

U.S., Europe aired concern over no Israel at Nagasaki A-bomb event

Envoys pulling out say Israel shouldn't be put on same level as Russia, Belarus

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
A Hyundai electric vehicle being charged in Seoul: Hyundai's Thai factory, to be located just southeast of Bangkok, will start production in 2026.
Electric vehicles

Hyundai to invest $28m in Thailand for EV assembly and batteries

Production to start in 2026, challenging Chinese makers' dominance

7 August 2024
An aerial view shows containers and cargo vessels at the Qingdao port in Shandong province, China. 
Economy

China posts 7.2% import jump for July as stimulus spurs industrial demand

Exports up 7%, led by shipments to Southeast Asia, EU and U.S.

7 August 2024
Democratic vice presidential candidate Tim Walz speaks during a campaign rally on Aug. 6.
U.S. elections 2024

Tim Walz and China: Close personal ties and sharp criticism of Beijing

Harris' VP pick taught and honeymooned in country before becoming vocal on human rights

7 August 2024
HP has built up a massive China-focused supply chain for PCs but is now looking to reduce its reliance on Asia's biggest economy.   
Supply Chain

HP plans its most aggressive shift of production away from China

Thailand emerges as major factory destination as PC maker hires engineers in Singapore

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
Electronicos Fantasticos founder Ei Wada rocks out on a converted fan. The collective's members range from primary school kids to engineers at appliance companies. 
Tea Leaves

Japan's reverence for past gives new musical meaning to old appliances

Improbable avant-garde artists' collective Electronicos Fantasticos celebrates a retro-future

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
Vice President Kamala Harris' jump to the top of the Democratic Party's 2024 presidential election ticket caught many Washington diplomats off guard. While they weigh whether she will extend President Joe Biden's current Asia policies, they must also prepare for the prospect of a new, unpredictable term for former President Donald Trump.
The Big Story

Harris takes on Trump: Asia braces as U.S. heads toward poll

As diplomats weigh policy hints, VP picks Walz and Vance vie for working class votes

7 August 2024
TV news at Seoul's Yongsan Railway Station shows North Korean leader Kim Jong Un and his daughter Kim Ju Ae, attending a banquet to celebrate the country's successful launch of a reconnaissance satellite.
Opinion

Kim Ju Ae is unlikely to ever reign as North Korea's queen

Odds are against Kim Jong Un's young daughter succeeding him

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
Hangry Joe's "American" size chicken sandwich features a 200-gram chicken breast that sticks out of the bun. (Photo by Yui Sato)
Food & Beverage

U.S. spicy chicken chain Hangry Joe's brings heat to Japan

Teriyaki and craft beer on menu alongside signature oversized sandwich

7 August 2024
Chinese-American academic Wang Shujun speaks to the press after being convicted in Brooklyn federal court on charges of acting as an illegal agent of China's government, in New York, U.S., Aug. 6.
Crime

Chinese academic convicted of acting as foreign agent in U.S.

Could face up to 25 years in prison for collecting information about activists

7 August 2024
LG's "future classrooms" feature digital whiteboards linked to AI-powered robot assistants. (Photo by Nami Matsuura)
Technology

LG, Samsung eye South Korea's AI textbooks as edtech springboard

Tech companies look to tap foreign markets for robots, digital boards and apps

7 August 2024
Companies like Uniqlo are stocking more products intended for foreign tourists. (Photo by Junya Hemmi)
Retail

Japan specialty stores log record sales on foreign tourist spending

Visitors attracted by weak yen open wallets for wide range of goods

7 August 2024
Suntory wants to tap the growing market for ready-to-drink beverages, which include canned cocktails and hard seltzer. (Photo by Yusuke Yagi)
Food & Beverage

Suntory aims for gold in global ready-to-drink market

Japanese distiller looks to combine strength in soft drinks and alcohol

7 August 2024