3 reasons thriving Komatsu still trails Caterpillar in market value
TOKYO -- Komatsu is on a roll. The Japanese construction machinery maker has posted two straight years of record profits, while its share price recently hit an all-time high.
Nikkei staff writer in asian news
Russia trade isolation grows as Chinese banks cut payments
BEIJING -- Russian trade is suffering a major blow as the U.S. threatens sanctions on banks in third countries, including China, seen to be facilitating Moscow's war efforts in Ukraine.
ExxonMobil, BP drive Indonesia's growth into carbon capture hub
JAKARTA -- Global oil majors such as ExxonMobil and BP are planning a series of carbon capture and storage projects in Indonesia, which aims to become the Southeast Asian hub for the emerging industry.
Japan companies to launch $1bn fund for hydrogen supply chains
TOKYO -- A coalition of more than 400 Japanese companies and organizations plans to set up a $1 billion fund as early as the fiscal half ending September to bolster hydrogen supply chains, with an eye on Japan's economic security, Nikkei has learned.
Philippines, world's top rice importer, to halve tariffs on staple
MANILA -- The Philippines, the world's top rice importer, is moving to cut tariffs on the staple food from 35% to 15% through 2028 to ease the country's inflation woes. But analysts worry the move could benefit foreign producers and leave Filipino farmers struggling to compete.
Sony stock rises 3% as Paramount speculation fades
TOKYO -- Sony Group stock climbed nearly 3% on Tuesday as speculation the electronics and media giant could acquire U.S. film studio Paramount Global faded, easing investor concerns over the cost of any such deal.
Saudi games company wants to deepen Nintendo, Capcom ties
TOKYO -- A gaming company backed by Saudi Arabia's Public Investment Fund (PIF) is eager to forge stronger bonds with Japanese game developers, such as Nintendo and Capcom, to open up avenues for investment and game localization in the Middle East.
Indian stocks surge on exit polls suggesting Modi victory
TOKYO -- Indian stocks rose in Monday morning trading, lifted by exit polls suggesting a landslide victory for Prime Minister Narendra Modi's ruling alliance in the world's largest general elections.