Japan chip equipment maker Disco to open India sales base
TOKYO -- Japanese chipmaking device supplier Disco is set to form a subsidiary in India as early as September for marketing and helping manufacturers set up semiconductor fabs in the country.
Recent Developments and News in Asia
U.S. indexes end higher as retail sales soothe slowdown fears
(Reuters) -- Wall Street's main indexes closed higher on Thursday, with the Nasdaq rising more than 2% after July U.S. retail sales data signaled resilient consumer spending, allaying fears of an imminent recession in the world's largest economy.
SoftBank, SK, LG, and Hanwha to join Asia-focused AI fund
TOKYO -- Japan's SoftBank Group and conglomerates from South Korea and Thailand will join a fund aimed at making quick and "sizable" investments in AI startups, Nikkei Asia has learned.
South Korea must learn from China's population long game
Lauren A. Johnston is associate professor at the University of Sydney's China Studies Centre.
Powerful typhoon continues to move north toward Tokyo
TOKYO (Kyodo) -- A powerful typhoon is advancing toward Tokyo and other eastern areas of Japan on Friday morning, with the weather agency urging people to prepare for strong winds and heavy rainfall and public transport operators canceling many train services and flights.
Thai ruling coalition backs Paetongtarn Shinawatra for prime minister
BANGKOK -- Thailand's ruling Pheu Thai Party will nominate its 37-year-old leader Paetongtarn Shinawatra for prime minister when parliament votes Friday on a replacement for Srettha Thavisin, who was removed by the Constitutional Court.
Vietnam's top leader to visit China from Sunday
BEIJING (Reuters) -- Vietnam's top leader, To Lam, will make an official visit to China from Sunday until Aug. 20, Vietnamese government and Chinese state media said, cementing close ties between the Communist-run neighbors.
Singapore's Grab sinks after group misses revenue forecast
SINGAPORE -- Shares in Singapore-based Grab Holdings fell sharply Thursday after the superapp provider missed revenue estimates for the April-June quarter, highlighting its struggle to retain investor confidence.