Japan's weak yen hindered by costly energy, raw material imports
TOKYO -- As the Japanese currency endures a prolonged slump, an often overlooked factor involves the yen selling linked to trade and the related outflow of money from Japan.
Nikkei staff writer in asian news
China banks move to halt sales of large time deposits
BEIJING -- Chinese commercial banks increasingly are suspending sales of large time deposits as they look to reduce costs amid a tougher business environment.
Top Danish jeweler Pandora breaks ground on factory in Vietnam
HO CHI MINH CITY -- Forks and phone parts will be melted into bracelets when one of the world's biggest jewelers, Pandora, opens a factory in Vietnam, where it recently broke ground.
Japan and ASEAN to craft auto strategy to counter China's EVs
TOKYO -- Japan and ASEAN intend to create their first joint strategy on automobile production and sales within the Southeast Asian bloc, as Chinese electric vehicles become more prevalent there.
Thai economy grows at a lackluster 1.5% in Q1
BANGKOK -- Thailand's economy grew at a lackluster pace in the first quarter of 2024 as weak exports pared gains from the country's red-hot tourism sector, according to the National Economic and Social Development Council (NESDC).
Iranian President Ebrahim Raisi dies in helicopter crash
TEHRAN -- Iranian President Ebrahim Raisi has died in a helicopter crash, the government said on Monday, after a huge rescue effort was launched to find the 63-year-old and others on board.
Japan's 10-year government bond yield rises to 11-year high
TOKYO -- Japan's 10-year government bond yield rose to the highest level since May 2013 in Tokyo on Monday, as investors speculate that the Bank of Japan might raise the policy rate or cut the government bond purchases due to the weak yen.
Indonesia eyes deals on 120 'strategic' projects at World Water Forum
BALI, Indonesia -- Indonesia expects to reach foreign investment agreements for 120 "strategic" water infrastructure projects there this week as world leaders gather in Bali to discuss access to clean water.