Nikkei Asia latest news


IPO

Indonesia's Pertamina Geothermal shares end first trading day flat

Nation's wealth fund, Abu Dhabi's Masdar among investors in oil giant's subsidiary

24 FEBRUARY 2023


Finance

ASEAN banks feel fee earnings pinch amid choppy markets

Some investors pulling back, hitting noninterest incomes of lenders

24 FEBRUARY 2023


BOJ confirmation hearings

BOJ nominee Kazuo Ueda says 'appropriate' to continue easing

Governor nominee signals normalization once stable 2% inflation is in sight

24 FEBRUARY 2023


Supply Chain

MP Materials' rare-earths output hits record ahead of Japan entry

U.S. miner teaming up with Sumitomo to supply key EV materials

24 FEBRUARY 2023


China tech

Alibaba CEO shuns low-price competition as profit roars back

Chinese e-commerce group posts first net income growth since 2020 after cutting costs

24 FEBRUARY 2023


Property

Singapore's CapitaLand bets $1bn on China's real estate

State-backed firm targets commercial properties and data centers

24 FEBRUARY 2023


Business trends

U.S. private equity funds boost Asian acquisitions outside China

Investment activity rises in Japan, India as investors hedge against risks

23 FEBRUARY 2023


Property

Vietnam high-end home prices could fall over 10%, expert warns

High borrowing costs punish property speculators in Southeast Asian nation

23 FEBRUARY 2023


Markets

Hong Kong exchange profit down 20%, challenges to persist: CEO

Last year's full-year figure of $1.28bn beats consensus forecast

23 FEBRUARY 2023


Currencies

Russia speeds shift to ruble and yuan as sanctions bite

Response to Ukraine war fuels move away from export payments in dollars and euros

23 FEBRUARY 2023


Materials

Australian miner Kingsgate resumes gold operation in Thailand

Company ends six-year health and environmental dispute with Prayuth's government

22 FEBRUARY 2023


Commodities

Nippon Steel to invest in Canadian miner to secure high-grade coal

Company to bolster supply for 'carbon neutral' steelmaking

22 FEBRUARY 2023


China debt crunch

Hong Kong banks hit by China property exposure

HSBC, Standard Chartered cautious about outlook for a full-fledged rebound

22 FEBRUARY 2023


Commodities

Commodity prices dip in year since Russia's Ukraine invasion

Prices down from prewar level for 14 of 19 items in widely tracked index

21 FEBRUARY 2023


Economy

China injects $29bn into banking system while holding rates flat

PBOC counts on lending to fuel growth with limited impact of cheaper mortgages

21 FEBRUARY 2023


Economy

Hong Kong's finances drained by COVID bills, slumping real estate

Previously ample reserves dwindle as new budget challenges fiscal fitness

20 FEBRUARY 2023


Market Spotlight

Chinese reopening rally stalls as foreign investors cut purchases

Recovery hopes wane after property sales, cargo shipments prove disappointing

20 FEBRUARY 2023


Automobiles

Nissan's China EV game plan key to jump-starting stalled stock

Revamping major markets including U.S. crucial in boosting profitability

18 FEBRUARY 2023


Economy

Digital yen pilot program to start in April, Bank of Japan says

Banks and payment service companies expected to take part in project

18 FEBRUARY 2023


Companies

Japan Inc. sees profit growth slowing as manufacturers struggle

Forecasts dialed back to 2% uptick for fiscal 2022 on material costs, interest rates

18 FEBRUARY 2023


China tech

Lenovo CEO says PC demand may recover sooner than expected

Chinese tech group reports double-digit declines in revenue, profit

17 FEBRUARY 2023


Markets

China publishes offshore listing rules to revive foreign IPOs

Regulator will start vetting offshore listings by Chinese companies

17 FEBRUARY 2023


Economy

Thai GDP grew 2.6% in 2022 as slow exports outweighed tourism gain

Slumping trade behind country's tepid October-December 1.4% rise

17 FEBRUARY 2023


Companies

Rising interest rates pose unaccustomed risk to Japanese earnings

Acquisition writedowns hurt bottom line at Dentsu, THK

17 FEBRUARY 2023


Bonds

China's U.S. Treasury holdings hit 12-year low on rate hikes, tensions

Gold imports up 60% as Beijing diversifies reserves

17 FEBRUARY 2023


China debt crunch

Evergrande's poor internal controls allowed loan scheme: probe

Management's 'special financing project' cited for $2bn seized by banks in 2022

17 FEBRUARY 2023


Agriculture

Thai rice exports to Philippines set to double as Vietnam cuts back

Fresh demand to help boost Bangkok's annual trade in staple to 8.2 million tons

16 FEBRUARY 2023


Property

China's hard-hit property market posts uptick in home sale prices

January's price rise in 70-cities index offers glimmer of hope for sector

16 FEBRUARY 2023


Bank of Japan

BOJ will scale down ultraloose policy this year: analyst survey

Economists mostly expect change to yield curb control or complete exit

16 FEBRUARY 2023


Materials

Japan's Marubeni to extract battery metals with U.S. recycler

Tie-up aims to create stable source of cobalt, nickel for EV supply chain

16 FEBRUARY 2023


Companies

Large shareholder in Vietnam's Bamboo Airways to be delisted

Property group FLC penalized for disclosure violation following founder's arrest

16 FEBRUARY 2023


Environment

Malaysia says Lynas Rare Earths must stop key processing activity

Government cites radioactivity, but Australian company says operation 'low risk'

16 FEBRUARY 2023


Markets

Berkshire dumps shares in TSMC and banks, increases Apple stake

Move comes as fund trims other positions in U.S.-listed companies

15 FEBRUARY 2023


Finance

U.S. fund manager VanEck pauses China retail project: sources

Move comes as China steps up license approval for foreign companies to expand

15 FEBRUARY 2023


Bank of Japan

Japan nominates Kazuo Ueda as next BOJ governor

Opposition leader calls for review of central bank's ultra-loose policy

14 FEBRUARY 2023


Opinion

Russia's embrace of yuan cannot bring financial stability

Reliance on the Chinese currency brings new risks and complications

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