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Japan's core machinery orders fell 1.7% in January from the previous month.
BUSINESS / Economy
Mar 18, 2024

Japan core machinery orders fall more than expected

Core orders, a highly volatile data series regarded as a leading indicator of capital spending in the six to nine months ahead, fell 1.7% in January.
Nvidia Corp Chief Executive Jensen Huang speaks at the COMPUTEX forum in Taipei on May 29, 2023.
BUSINESS / Tech
Mar 26, 2024

Google, Qualcomm and Intel launch bid to break Nvidia’s grip on AI

Almost as important to Nvidia as its hardware is its CUDA software platform, relied on by more than 4 million global developers to build AI and other apps.
BUSINESS / Markets
Mar 29, 2024

Japan brought forward emergency yen meeting to maximize market impact, source says

Meeting like these are considered a sign Tokyo is moving closer to intervening in the currency market.
Some analysts say machinery orders are on track for a recovery as core machinery orders rose 7.7% in February from the previous month.
BUSINESS / Economy
Apr 15, 2024

Machinery orders rise sharply, possibly easing domestic demand worries

Some analysts say machinery orders are on track for a recovery.
China's yuan is at five-month lows and has lost 1.9% to the dollar this year as foreign investors pull more money out of its struggling markets.
BUSINESS / Economy / ANALYSIS
Apr 16, 2024

China's cycle of dollar hoarding and weakening yuan gets vicious

Analysts say one of two things needs to happen to end the downward spiral, but both seem distant.
A man walks past an electronic board displaying the exchange rate for the yen against the U.S. dollar (right) in Tokyo on Tuesday.
BUSINESS / Markets
Apr 30, 2024

Did Japan intervene to prop up the yen? Analysts think it did.

The size and timing of the swing indicates that the government stepped in after the currency fell significantly.
Cleaning worker Hu Dexi, 67, at a shopping mall in Beijing on April 10
BUSINESS / Economy
May 8, 2024

In rapidly aging China, millions can't afford to retire

With a low retirement age, meager pension benefits and no family to support them, many in China feel they simply can't ever stop working.
Employees work at a shoe factory in Hanoi in 2020.
BUSINESS / Markets
May 16, 2024

As U.S. hikes China tariffs, imports soar from China-reliant Vietnam

The surge in China-Vietnam-U.S. trade has vastly widened trade imbalances.
Microsoft Vice Chair and President Brad Smith delivers a speech at the French Microsoft headquarters in Issy-les-Moulineaux, outside Paris, on May 13.
BUSINESS / Companies
May 23, 2024

Microsoft’s UAE deal could move U.S. chips and AI technology abroad

The sales accord could progress to a second phase that entails the export of crucial components of AI technology such as model weights, Microsoft's president said.
Bank of Japan Gov. Kazuo Ueda (center), Bank of Italy Gov. Fabio Panetta (left) and Italy's Minister of Economy and Finance Giancarlo Giorgetti at the Group of Seven finance chiefs and central bankers' meeting in Stresa on Friday.
BUSINESS / Economy
May 26, 2024

Bank of Japan refrains from warning against yield rise to 12-year high

The BOJ ended eight years of negative interest rates and other remnants of its radical monetary stimulus in March.
A Starbucks coffee shop in Beijing on May 22
BUSINESS
May 27, 2024

In China, Starbucks tries to avoid price war but gets dragged into discounting

A coffee price war in China has arisen amid persistent deflation, weak consumer sentiment, and stagnant wages.
Elon Musk plans to recruit three patients to evaluate the device made by his brain-chip company, Neuralink.
BUSINESS / Tech
May 29, 2024

Musk's Neuralink seeks to enroll three patients in brain implant study

The brain implant is designed to give paralyzed patients the ability to use digital devices by thinking alone, a prospect that could help people with spinal cord injuries.
An LDP panel's proposal on fiscal policy underscores how a weak yen and an exit from ultra-low interest rates are piling pressure on Japan to rein in its huge public debt.
BUSINESS
May 30, 2024

Japan must restore fiscal discipline to protect yen's value, LDP panel says

The views of the panel of Liberal Democratic Party lawmakers are shared by the powerful Finance Ministry, who oversees the state budget.
People walk in front of a BYD Auto company and Autotorino store in Milan on March 20.
BUSINESS / Tech
Jun 10, 2024

European nations compete for Chinese EV factories as EU weighs tariffs

Chinese EV makers want to set up in Europe to build their brands and save on shipping and potential tariffs.
Core machinery orders in April dropped month-on-month for the first time in three months, but the Cabinet Office said they are continuing to show signs of picking up.
BUSINESS / Economy
Jun 17, 2024

Japan's core machinery orders down in April but seen firming up ahead

Core orders fell 2.9% month-on-month in April, the first drop in three months.
Boeing CEO Dave Calhoun makes a rare public appearance at the Berlin Aviation Summit on June 4. His presentation — swinging between defiance and contrition — might offer clues on how he aims to handle himself during the Washington hearing on Tuesday.
BUSINESS / Companies
Jun 18, 2024

Boeing faces senate grilling as CEO search gains momentum

How outgoing CEO Dave Calhoun handles the spotlight is important not just for his legacy, but also for the company’s work to shore up confidence.
Japan's core machinery orders unexpectedly fell for a second straight month in May.
BUSINESS / Economy
Jul 11, 2024

Japan's key capex gauge falls again, clouds outlook for durable growth

The volatile leading indicator of capital spending fell 3.2% month-on-month in May, following a 2.9% drop in April.
The Bank of Japan's headquarters in Tokyo
BUSINESS
Jul 19, 2024

BOJ urged to halve bond buying in scheduled tightening plan, minutes show

A significant number of the participants also urged the BOJ to taper bond purchases gradually to avoid upending the bond market.
Samsung Electronics' headquarters in Suwon, South Korea, on June 13, 2023
BUSINESS / Tech
Jul 24, 2024

Nvidia clears Samsung's HBM3 chips for use in China-market processor

Nvidia's approval of the chips comes amid soaring demand for sophisticated graphics processing units.
An electronic stock board displaying the Nikkei 225-issue Nikkei average outside a securities firm in Tokyo on Tuesday.
BUSINESS / Markets
Aug 6, 2024

Tokyo stocks rebound 10% following Monday’s mad rout

The yen, which had strengthened to the ¥141 mark on Monday from almost ¥162 just weeks earlier, was trading around ¥145 to the dollar on Tuesday.
The NVIDIA logo in Los Angeles on July 31, 2017
BUSINESS / Tech
Aug 7, 2024

Samsung's HBM3E chips clear Nvidia's tests for use, sources say

HBM3E chips are likely to become the mainstream HBM product in the market this year.
Bank of Japan Gov. Kazuo Ueda speaks to reporters on July 3.
BUSINESS / Economy
Aug 8, 2024

Bank of Japan’s surprise rate rise a real head-scratcher for some analysts

Some analysts are skeptical about consumption actually being stimulated, saying that positive wage growth will not necessarily guarantee that.
Foreign airlines are pulling services or opting not to restart flights to China after the pandemic, whereas Chinese airlines are expanding overseas operations.
BUSINESS / Companies
Aug 10, 2024

Foreign airlines lose interest in China as domestic carriers expand abroad

Foreign rivals are struggling with weak China travel demand, rising costs and extended flight times because of the need to avoid Russian airspace.
Rescue personnel with the body of British entrepreneur Mike Lynch, who died when a yacht owned by his family sank off the coast of Porticello, near the Sicilian city of Palermo, Italy, on Thursday
BUSINESS / Tech
Aug 23, 2024

Body of British tech entrepreneur Mike Lynch retrieved from yacht

Lynch's 18-year-old daughter Hannah is still unaccounted for, an interior ministry official said.
Consumer prices excluding fresh food climbed 2.7% in July from a year earlier, accelerating slightly from 2.6% in June.
BUSINESS / Economy
Aug 23, 2024

Japan's core inflation picks up, but demand-driven growth slows

The "core core" index, which is closely watched by the BOJ, dipped below the key 2% line for the first time since September 2022.
Lufthansa Group decided to resume overflying Afghan airspace from early July, as airlines became concerned about the airspace in the Middle East.
BUSINESS
Aug 23, 2024

Airlines fly over Afghanistan as Middle East becomes the greater risk

Carriers mostly stopped transiting Afghanistan, which lies on major routes between Asia and Europe, when the Taliban took over and air traffic control services stopped.
Bank of Japan Gov. Kazuo Ueda speaks during a Lower House financial affairs committee meeting in Tokyo on Friday.
BUSINESS / Economy / ANALYSIS
Aug 24, 2024

Fed's dovish shift a mixed blessing for BOJ rate hike plan

The BOJ's efforts to raise interest rates could be complicated if the two central banks' diverging policy paths keep markets jittery.
Traders work in the S&P options pit at the Cboe Global Markets exchange in Chicago, Illinois, on Wednesday.
BUSINESS / Tech
Aug 29, 2024

Nvidia fails to impress growth-hungry investors as shares fall

Nvidia shares fell 6% in after-hours trading, weighing on shares of other chipmakers.
Employees work on an electric car production line near Ningbo, China, in April 2021. In new measures announced Friday, the Biden administration is moving to block off a popular tariff-free path for Chinese apparel coming into the United States, and added stiff levies on electric vehicles, solar panels and other products.
BUSINESS / Economy
Sep 14, 2024

U.S. locks in steep China tariff hikes, as some industries warn of disruptions

The tariffs include a 100% duty on Chinese EVs, 50% on solar cells and 25% on steel, aluminum, EV batteries and key minerals.
Tokyo Metro will aim to raise $2.25 billion — making it the largest IPO in Japan for six years.
BUSINESS / Companies
Sep 20, 2024

Tokyo Metro and Rigaku set stage for $3 billion Japan IPOs as listings gather pace

Tokyo Metro's indicative price of ¥1,100 per share would raise ¥319.55 billion ($2.25 billion), giving the company a market value of ¥639.1 billion.

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