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Arm Holdings kicked off its roadshow for initial public offering on Tuesday, disclosing that the proposed range would value it at between $48 billion and $52 billion.
BUSINESS / Companies
Sep 6, 2023

SoftBank's Arm launches IPO courting T Rowe in $52B valuation ask

T Rowe Price has been an anchor investor in some of the biggest stock market debuts.
Speech-generating AI works by sifting through reams of data, categorizing how people speak then using an algorithm, to replicate human vocal patterns and speech characteristics.
BUSINESS / Tech / FOCUS
Oct 23, 2023

Whose voice is it anyway? Actors take on AI copycats

Artists around the world are joining forces to protect their jobs, and their souls, from the ramifications of AI that sounds just like them.
Kokusai Electric's technology and manufacturing center in the city of Toyama
BUSINESS / Companies
Oct 25, 2023

Kokusai Electric shares jump 28% in Tokyo debut

The stock closed at ¥2,350, valuing the company at ¥541.5 billion as investors grabbed shares following the IPO.
An illegal money changer checks old U.S. dollars at a marketplace in Harare, Zimbabwe.
BUSINESS / Economy
Nov 24, 2023

As Argentina eyes dollarization, Zimbabwe and Ecuador offer clues

Adopting the greenback in place of the local currency might bring stability, but it is not without its pains.
A Hyundai Ioniq 5 electric vehicle charges at Chaevi Stay Charging Station in Seoul on Oct. 18
BUSINESS / Companies
Dec 12, 2023

South Korean auto-battery firms cautious on challenging China rivals

Feeding their worries is slowing growth in electric vehicle sales, price competition and the potential for changes in United States subsidies.
X owner Elon Musk
BUSINESS / Tech
Dec 19, 2023

EU targets Musk's X in first illegal content probe

The probe will focus on countering the dissemination of illegal content and the effectiveness of measures taken to combat information manipulation.
A banner for the World Economic Forum hangs on a building on the first day of the annual meeting in Davos, Switzerland, on Monday.
BUSINESS / Companies
Jan 16, 2024

Pre-Davos survey indicates CEOs' fears regarding AI and climate

Some 45% of more than 4,700 global CEOs surveyed do not believe their businesses will survive, barring significant changes, in the next 10 years.
A Boeing 737 MAX aircraft. The Jan. 5 blowout incident plunged Boeing into a new crisis five years after the second of two fatal crashes grounded the MAX.
BUSINESS / Companies
Mar 28, 2024

How Boeing's leadership was 'fired' by its own customers

With Boeing's major U.S. customers calling for a meeting without CEO Dave Calhoun, the company preempted their demands with a major upheaval.
Japanese government bond yields have risen this month on hawkish hints from Bank of Japan officials, crossing 1% for the first time since April 2012.
BUSINESS / Markets
May 24, 2024

Japan's 10-year bond yield tops 1% for first time in a dozen years

The 10-year Japanese government bond yield inched up 0.5 basis point to 1.005%, its highest since April 2012.
Fast fashion e-commerce company Shein's logo outside its office in Guangzhou, China, on June 11
BUSINESS / Companies
Jun 25, 2024

What is at stake for China-founded Shein as EU rule looms

Shein has faced more than 90 lawsuits alleging it plagiarized others’ designs or products.
Toyota has been looking to cash in on stakes in affiliates as it steps up development and production of battery-powered vehicles.
BUSINESS
Jun 27, 2024

Toyota and affiliates to offload some $1 billion in Aisin shares

Toyota Motor and two affiliates will divest at least 12.5% of supplier Aisin
An LG Energy Solution battery pack for an electric vehicle using cell-to-pack technologies displayed at the InterBattery exhibition in Seoul on March 6
BUSINESS / Tech
Jul 4, 2024

LG sees battery breakthrough by 2028 that has eluded Tesla

It aims to commercialize the dry-coating technology for making electrodes that can allow savings on energy, equipment costs and space.
Financial groups will sell Honda Motor shares worth ¥535 billion to unwind cross-shareholdings, according to a regulatory filing.
BUSINESS
Jul 4, 2024

Insurers and banks to sell Honda shares worth $3.3 billion, filing shows

The move offers a sign that the unwinding of cross-shareholdings is catching pace in Japan.
Kioxia Holdings was reportedly planning an initial public offering in October valuing it at $10 billion.
BUSINESS / Companies
Sep 25, 2024

Kioxia reportedly pulls IPO as AI winter looms

The IPO delay comes as the chip business globally faces a number of challenges related to possible overcapacity in some products.
The X account of Elon Musk in seen blocked on a mobile screen on Aug. 31.
BUSINESS / Companies
Sep 27, 2024

Musk's X seeks Brazil comeback, retreats on 'censorship' feud

The billionaire had held out for more than five months against what he called "censorship" in a feud with a judge in one of X's largest and most coveted markets.
Thursday night's electronic dance music-infused event had the signature trappings of Elon Musk's salesmanship, but some Tesla investors and experts said they were hoping for more concrete details.
BUSINESS / Tech
Oct 12, 2024

Tesla's robotaxi event was long on Musk promises. Investors wanted more details.

Concrete details on how the company plans to transform from an automaker into an autonomous driving and artificial intelligence titan were missing.
The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
Oct 16, 2024

Bank of Japan policymaker calls for 'very moderate' pace of rate hikes

There are doubts about whether Japanese firms will keep sufficiently raising wages next year due to lingering global risks.
The Tokyo Stock Exchange. Rigaku Holdings' shares fell on debut, even after the results of its offering suggested that investors still have an appetite for big Japanese stock deals in a busy primary market.
BUSINESS / Companies
Oct 25, 2024

Rigaku shares fall 10% in market debut after IPO priced at the top

Rigaku shares closed at ¥1,130 after the initial public offering had been priced at the top end of a ¥1,230 to ¥1,260 indicative range.
Key Square Group founder Scott Bessent speaks at a campaign event for Republican presidential nominee and former U.S. President Donald Trump in Asheville, North Carolina, in August.
BUSINESS / Economy
Nov 9, 2024

Scott Bessent, top candidate for Treasury Secretary, meets with Trump

The Treasury Secretary job is a key Cabinet position, with vast influence over economic, regulatory and international affairs.
Employees work on assembling vehicles at a SAIC Volkswagen plant in Urumqi, in China's Xinjiang Uyghur Autonomous Region, in September 2018.
BUSINESS / Companies
Nov 27, 2024

VW confirms plans to exit controversial Xinjiang operation

The decision to free itself from the plant comes as the firm is battling to boost flagging sales in China.
Bank of Japan Gov. Kazuo Ueda gives a press conference in Tokyo on Oct. 31.
BUSINESS
Dec 19, 2024

BOJ meets for final rate review this year as Trump risk clouds outlook

Sources have said the BOJ is leaning toward keeping interest rates steady at the two-day meeting concluding on Thursday.
Cocoa beans are pictured next to a warehouse at the village of Atroni, near Sunyani, Ghana, on April 11, 2019.
BUSINESS / Markets
Dec 25, 2024

How a hedge fund exodus reshaped global cocoa markets 

The impact of hedge funds' exit illustrates how reliant trading has become on these lightly regulated funds that increasingly shape financial markets.
A United Steelworkers sign is seen outside the Great Lakes Works United States Steel plant in River Rouge, Michigan, in September.
BUSINESS / Companies
Jan 3, 2025

Biden to block U.S. Steel sale to Nippon Steel, source says

Biden's call to block the deal was taken despite contrary efforts by some senior advisers concerned that it could hurt U.S.- Japan relations.
A 2024 Toyota Prius Prime during the 2024 New York International Auto Show in New York last March
BUSINESS / Companies
Jan 4, 2025

U.S. new car sales rose to five-year high in 2024, helped by hybrids

Sales continued to rise from their pandemic lows, bolstered by replenished inventories, higher incentives and surging demand for hybrid vehicles.
The new generative AI-powered Alexa represents at once a huge opportunity for Amazon, which counts more than half a billion Alexa-enabled devices in the market, and a tremendous risk.
BUSINESS / Tech
Feb 6, 2025

Amazon set to release long-delayed Alexa generative AI revamp

The new generative AI-powered Alexa represents at once a huge opportunity for Amazon.
Nissan in recent weeks has been searching for a strategic partner in the tech industry, with some board members suggesting Tesla and Apple as ideal targets, the Financial Times reported.
BUSINESS / Companies
Feb 21, 2025

Japan seeks Tesla investment in Nissan as Foxconn approaches Honda

Taiwan's Foxconn has reportedly proposed forming a partnership with Honda, aiming for a framework that would also include Nissan and Mitsubishi Motors.
An employee works at a steel works in Mandi Gobindgarh, in the northern state of Punjab, India, on Oct. 19, 2024.
BUSINESS / Economy
Mar 24, 2025

India set to ditch $23 billion plan to rival China factories after it disappoints

Many participating firms failed to kick-start production, while others that met manufacturing targets found India slow to pay out subsidies.
Economy, Trade and Industry Minister Yoji Muto (left), South Korean Trade Industry and Energy Minister Ahn Duk-geun (center) and Chinese Commerce Minister Wang Wentao during a trilateral meeting in Seoul on Sunday
BUSINESS
Mar 30, 2025

Japan, South Korea and China vow to strengthen trade ties amid looming U.S. tariffs

The meeting came ahead of U.S. President Donald Trump’s expected announcement of a new round of tariffs on Wednesday.
A drone view shows a coffee plantation in Guaxupe, Brazil, on Feb. 17.
BUSINESS / Markets
Apr 1, 2025

Brazil's coffee farmers turn to costly irrigation to quench global demand for the brew

Most farms in the western part of Bahia — a new frontier for coffee growing in Brazil — are now irrigated.
Workers transport soil containing rare earth elements for export at a port in Lianyungang, Jiangsu province, China in 2010.
BUSINESS / Markets
Jun 4, 2025

Global alarms rise as China's critical mineral export curbs take hold

China has a stranglehold on minerals crucial for sectors ranging from aerospace to semiconductors.

Longform

Tetsuzo Shiraishi, speaking at The Center of the Tokyo Raids and War Damage, uses a thermos to explain how he experienced the U.S. firebombing of March 1945, when he was just 7 years old.
From ashes to high-rises: A survivor’s account of Tokyo’s postwar past