Japan's exports grew in July on semiconductors and weak yen
TOKYO -- Japan's exports grew in value terms for the eighth month in a row in July, driven mainly by semiconductors and automobiles, official data showed on Wednesday.
Nikkei staff writer in asian news
Thai central bank stands pat to assess impact of political instability
BANGKOK -- Thailand's central bank kept the benchmark one-day repurchase rate unchanged at 2.5% at its monetary policy meeting on Wednesday, aiming to balance economic growth and risks as well as evaluating possible political risks that could affect the country's economy.
China lending at 15-year low as central bank holds rates
BEIJING -- The Chinese central bank on Tuesday kept two benchmark lending rates unchanged for this month, after financing extended by Chinese banks hit their lowest level in roughly a decade and a half.
Mitsubishi Heavy, Chevron eye U.S. green hydrogen launch in 2025
HOUSTON -- Mitsubishi Heavy Industries and Chevron are preparing to make hydrogen in the U.S. using renewable energy, with commercial power generation using the fuel scheduled to start in mid-2025.
Japan's Toyota Tsusho to develop and supply biofuels in Indonesia
TOKYO -- Japanese trading house Toyota Tsusho will develop and supply biofuels and green hydrogen with Indonesian state-run oil company Pertamina, part of efforts led by Tokyo to support decarbonization in Southeast Asia.
TSMC breaks ground on first Europe chip fab with eye on auto sector
TAIPEI -- Taiwan Semiconductor Manufacturing Co. on Tuesday broke ground on its first fabrication facility in Europe to provide a steady supply of automotive chips for one of the region's core industries.
Mercedes-Benz under pressure following South Korea EV blaze
SEOUL -- The South Korean branch of Mercedes-Benz is grappling with the fallout of a major fire that started in one of its vehicles as it faces escalating calls for restitution.
MUFG sheds $1bn in U.S. Bancorp shares
TOKYO -- Mitsubishi UFJ Financial Group has sold 24 million shares of American regional bank U.S. Bancorp (USB) on the market, the Japanese company said Tuesday, for an amount expected to reach $1 billion based on the current stock price.