Oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia, in June 2023. Figures from the Middle East suggest Shanghai Petrochem now sources 10% of its crude from Russia.
Commodities

Shanghai Petrochem reveals more Russia oil buying as Li Qiang visits

Executive stresses 'price' is key; Chinese premier cements economic ties with Putin

22 August 2024
A Russian-owned oil tanker. An Indian refiner says the country's "requirement for Russian oil is going to go up as long as there are no further tightening of sanctions."
Trade

India surpasses China to become Russia's top oil buyer in July

Russian crude makes up a record 44% of India's overall imports

22 August 2024
Bank of China joined a growing list of Chinese companies terminating contracts with PwC as the collapse of China Evergrande put the auditor's work in doubt.
Caixin

PwC loses largest China client in wake of China Evergrande storm

Penalties on professional services firm over 'negligence' likely to come soon

22 August 2024
The share prices of ASEAN's three biggest tech companies -- GoTo, Sea and Grab -- are experiencing contrasting fortunes as investors seek greater profitability. (Source photos by Ken Kobayashi, Reuters and Hiroki Endo)
Technology

ASEAN tech stars Grab, GoTo and Sea fight to retain market sparkle

Investors prize profitability over merely cutting losses

22 August 2024
Stream article image
#techAsia

China becomes a player in console games

The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

22 August 2024
Nippon Steel and JFE Steel will buy stakes in Whitehaven's Blackwater coal mine in Australia to secure supplies of high-grade coking coal. (Nippon Steel)
Business deals

Nippon Steel, JFE Steel to invest $1bn in Australian coal mine

Japanese steelmakers want higher quality coking coal to cut CO2 emissions

22 August 2024
Hun Manet, then nominee for Cambodia's prime minister, stands outside the National Assembly in Phnom Penh in August 2023.
22 August 2024
National flags flutter at the border dividing the Korean Peninsula.
North Korea tensions

South Korea calls out North's silence on Yoon's unification vision

Seoul has offered working-level talks as part of potential new dialogue channel

22 August 2024
Japanese companies' strong earnings during the April-June period encouraged investors to buy while their stock prices were down. (Photo by Shunsuke Inaba)
Equities

Japanese stocks erase losses from tailspin on brighter U.S. outlook

Companies' strong April-June performances boost share prices

22 August 2024
A real estate property developed by Kaisa Group Holdings in Beijing. The company's losses continue to pile up.
China debt crunch

China developers' loss warnings exceed $8bn in past week alone

Kaisa reports more red ink; Sunac takes big blow despite Xi's 'bright prospects'

22 August 2024
Democratic vice presidential nominee Tim Walz speaks during the Democratic National Convention in Chicago on Aug. 21.
U.S. elections 2024

Kamala Harris' running mate Tim Walz accepts nomination with 'joy'

Democrat promises benefits, skips foreign policy in brisk 15-minute speech

22 August 2024
The World Health Organization has declared a public health emergency over mpox but stressed that the disease is "not the new COVID."
Society

Asia on alert over mpox as cases detected in Thailand, Philippines

Indonesia and Malaysia tighten surveillance at international entry points

22 August 2024
Part of a treated water dilution and discharge facility at the Fukushima Daiichi nuclear complex is pictured during a tour for foreign media in August 2023. Eugene Hoshiko/Pool via REUTERS
Environment

Operator halts attempt to extract melted fuel from Fukushima nuclear plant

Would have marked first such attempt since devastating 2011 quake and tsunami

22 August 2024
Big Japanese department stores have benefited from tourists' luxury shopping. (Photo by Haruka Kadooka)
Consumer

Chinese tourists buying Gucci make Japan exception to global luxury slump

International shoppers reap fruits of weak yen at Tokyo department stores

22 August 2024
The global chip market grew 18.3% in the second quarter. (Photo by Masayuki Kozono)
Semiconductors

AI-fueled demand buoys semiconductor market while legacy chips lag

Materials suppliers and producers in mature sectors left behind in current upcycle

22 August 2024
Tibetan spiritual leader the Dalai Lama visits Switzerland in 2018. He has been in the U.S. since June for medical treatment on his knees.
International relations

U.S. senior officials meet with Dalai Lama in New York

Chinese Embassy 'gravely concerned' over engagement with Tibetan spiritual leader

22 August 2024
A boy swims in a pool at a Vinhomes condominium complex in Ho Chi Minh City: Demand for housing in Vietnam's big cities outstrips supply, buoying prices.
Property

Vietnam's housing market sees green shoots of recovery

Fears of crash subside but apartment shortage persists

22 August 2024
Indonesian President-elect Prabowo Subianto, left, with President Joko 'Jokowi' Widodo at the parliament building. All but one party with seats in the House of Representatives has joined Prabowo's coalition.
Politics

Prabowo extends grip on Indonesian parliament as parties join his coalition

Enlarged group moves to defy Constitutional Court over election rules

22 August 2024
Seven & i Holdings, which operates the 7-Eleven convenience store chain, is one of Japan's leading retailers.
Business deals

Seven & i's proposed buyout to require preapproval by Japan

Foreign investment rules could hinder Couche-Tard's bid for 7-Eleven parent

22 August 2024
Tamra wind farm, the first offshore wind development in South Korea, located off Jeju Island, consists of 10 wind turbines and has already generated substantial economic benefits by creating jobs during the construction and operational phases.
Opinion

Asia needs low-cost financing to harness offshore wind

Strategic investment, partnerships are key to region's renewable energy ambitions

22 August 2024
Ticket machines at Ben Thanh Station on Ho Chi Minh City Metro Line No. 1 are waiting to be used. (Photo by Yuji Nitta)
Transportation

Vietnam's first subway mired in more delays amid planned 2024 start

Hitachi files for arbitration over Ho Chi Minh City payments in Japan-led project

22 August 2024
Xi Jinping is determined not to be caught off guard by the policies of whoever wins the U.S. presidential election in November, Democrat Kamala Harris or Republican Donald Trump. (Nikkei montage/Source photos by Yusuke Hinata and Getty Images)
China up close

Analysis: U.S. election could dictate Xi Jinping's political schedule

Bitter lesson from 2016 Clinton-Trump race reverberates through Beijing

22 August 2024
Malaysian automaker Proton launched the redesigned X70 SUV on Aug. 15. (Proton)
Automobiles

Malaysia's Proton deepens ties with China's Geely ahead of EV debut

Long-struggling automaker aims for growth under Chinese shareholder

22 August 2024
China Railway has introduced a new fare system and premium seats to try and improve profitability. (Photo by Kohei Fujimura)
Transportation

China high-speed rail operator forced to hike fares as debt balloons

Rapid expansion leaves China Railway with $859bn in debt along with unused stations

22 August 2024
E-cigarettes or vapes are becoming an increasingly popular option for smokers around the world.
Business deals

Japan Tobacco sets sights on e-cigarette push with U.S. Vector deal

$2.4bn acquisition to accelerate investment into growing market

22 August 2024