U.S. President Joe Biden's statement on the deal will come as a blow to Japanese steelmaker Nippon Steel.
U.S. elections 2024

Biden says U.S. Steel should remain American-owned

President prioritizes defending swing state despite upcoming Kishida visit

15 March 2024
Foxconn Chairman Young Liu has significantly raised his outlook for the year for the Taiwanese contract manufacturer.
Supply Chain

Foxconn lifts 2024 outlook on stronger AI server demand

Chairman Liu raises forecast from flattish to 'robust growth'

14 March 2024
Sales of offices, stores and other commercial properties in China totaled $38.6 billion in 2023, down from $60.3 billion as recently as 2021. (Photo by Mizuho Miyazaki).
China debt crunch

China commercial property woes trigger surge in distressed sales

More than a fifth of commercial deals involve real estate put into receivership

14 March 2024
Residents of urban villages like this one in Guangzhou are being given vouchers to use in buying a new home. (Photo by Takashi Kawakami)
Property

China tries to steer 'urban village' residents to areas with housing glut

Guangzhou district becomes test case for redevelopment-linked vouchers

14 March 2024
Bank of Japan Gov. Kazuo Ueda has said the outcome of annual negotiations between labor unions and employers will factor into his decision. (Source photos by Nikkei)
Bank of Japan

BOJ to discuss negative rate exit next week as Japan pay raises grow

New data on wage hikes to play key role in policy decision

14 March 2024
Country Garden was declared in default on dollar-denominated debt in October, but so far has avoided defaulting on yuan bonds.
China debt crunch

China's Country Garden misses yuan bond payment in latest setback

Developer pledges to 'make every effort' to raise funds during 30-day grace period

13 March 2024
The U.S. fundamentally disagrees with China on issues that truly matter, says Adm. Harry Harris, who led the U.S. Pacific Command until 2018.
Defense

U.S. policy on China unlikely to change much after election: former PACOM chief

Retired Adm. Harry Harris says North Korea response needs 'hard military power'

13 March 2024
A gathering of the Japan Federation of Basic Industry Worker's Union on March 1. Labor unions are expecting their biggest wage increases in decades.
Business trends

Japanese companies boost wages in departure from 'lost decades'

Toyota, Nippon Steel agree to historic pay hikes ahead of BOJ meeting

13 March 2024
Le Thi Thu Thuy chairs EV maker VinFast in Vietnam, a country that has given rise to a challenger to automakers from Western and big Asian economies. (Photo by Hiroki Endo)
Automobiles

VinFast spies room for a newcomer as EVs upend car sector

Vietnam automaker has shot at grabbing market share before brand loyalties harden

13 March 2024
Chinese authorities have called on local governments to better support developers' financing needs through coordination with banks.
Caixin

China's Foshan city allows developers to sell new homes before repaying loans

Policy addresses stalled sales and financial strain that usual bank procedure creates

12 March 2024
Chinese President Xi Jinping and Premier Li Qiang attend the closing ceremony of the National People's Congress in Beijing on March 11. (Photo by Mizuho Miyazaki)
China People's Congress

China NPC takeaways: Five 'no's' from the legislative 'two sessions'

Premier's presser nixed amid no signs of shift on economy, security, diplomacy, Xi loyalty

11 March 2024
Growing expectations the Bank of Japan could exit its negative interest rate policy at its meeting next week have pushed up the yen and dragged on stocks. (Photo by Yuji Murakami)
Markets

Japan stocks fall 3% at one point as yen rallies ahead of BOJ meeting

Shares expected to continue dropping in near term if yen keeps climbing

11 March 2024
A person walks past Central Plaza, an unfinished development by China Evergrande Group, in Shijiazhuang on Feb. 1.
China People's Congress

China housing chief pledges 'reasonable' aid for distressed developers

Ni Hong says some should be 'declared bankrupt or undergo restructuring'

9 March 2024
Australian Prime Minister Anthony Albanese, left, meets with Philippine President Ferdinand Marcos Jr. in Canberra on Feb. 29. The two countries are enhancing security cooperation. (AAP via Reuters)
Comment

U.S. allies in Indo-Pacific tremble at prospect of Trump return

Middle powers Japan, Philippines and Australia explore security cooperation

9 March 2024
Bank of Ayudhya, or Krungsri, aims to grow its social and sustainable finance portfolio.
Finance

Thailand's Bank of Ayudhya debuts corporate ESG deposits

Toyota leasing unit is MUFG subsidiary's first customer for new product

9 March 2024
Interest payments are the fastest-growing category for Chinese public spending in 2024.
China debt crunch

China's debt-servicing costs to top $170bn on growing bond issuances

Struggling regional governments cast shadow over country's credit rating

9 March 2024
U.S. President Joe Biden delivers his fourth address to joint sessions of Congress in Washington on March 7.
U.S. elections 2024

Biden takes aim at Trump by saying the U.S. is rising, not China

In State of Union address, president calls the American economy the 'envy of the world'

8 March 2024
The yen strengthened to the 147 range against the dollar for the first time in about a month on March 7. (Photo by Yutaka Miyaguchi)
Bank of Japan

Speculation on BOJ ending negative rates in March jolts yen, stocks

Japanese currency touches 1-month high against dollar

8 March 2024
VinFast Auto Chairwoman Le Thi Thu Thuy speaks during the Asia Green Tech Summit in Singapore on March 7. (Photo by Hiroki Endo)
Climate Change

From EVs to hydrogen, Asia's green tech sector perseveres amid financing hurdles

Nikkei-Financial Times summit highlights transition urgency amid climate change

7 March 2024
Panasonic Energy is currently building a plant in Kansas to make EV batteries. (Photo by Kosaku Mimura)
Technology

Tesla supplier Panasonic weighs more U.S. battery investment in Kansas

Japanese maker cautious in face of slackening EV demand

7 March 2024
Former U.S. Ambassador to the United Nations Nikki Haley hosts a campaign event in North Carolina on March 2. 
U.S. elections 2024

Nikki Haley exit marks GOP shift to 'America First,' analysts say

Calls for global leadership fall flat as some U.S. lawmakers question Ukraine funding

7 March 2024
Construction of this apartment complex in northern China's Shanxi province stalled two years ago after the developer's funds dried up. (Photo by Iori Kawate) 
China debt crunch

China work report pledges to tackle local debt, without specifics

Annual document avoids contentious proposal to raise retirement age

7 March 2024
An unfinished China Evergrande Group project in Hainan province: Legally, it will be difficult for foreign creditors to recoup their losses from the group's mainland assets.
Opinion

Cleanup of China Evergrande collapse calls for coordination and clarity

HNA and GITIC bankruptcies underscore value of transparent resolution process

6 March 2024
Former U.S. President Donald Trump speaks at a watch party for the Super Tuesday primary elections at his Mar-a-Lago property in Florida on March 5.
U.S. elections 2024

Trump dominates Super Tuesday, but November vote may hinge on turnout

A battle between weak candidates could soon turn ugly, analysts say

6 March 2024
A military delegation crosses Tiananmen Square on the way to a meeting as the Chinese People's Political Consultative Conference (CPPCC) gets underway in Beijing on March 4.
China People's Congress

China defense budget grows 7.2% despite other 'belt-tightening'

Military spending outpaces GDP growth; Beijing keeps firm stance on Hong Kong and Taiwan

5 March 2024