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TOKYO -- Honda Motor plans to invest 10 trillion yen ($65 billion) in electrification and software development over the decade up to the financial year ending March 2031 as it prepares to join the rapid shift to electric vehicles in highly competitive auto markets like China's, the carmaker said on Thursday.
SINGAPORE -- Singapore-based Grab Holdings now expects its first annual profit on an adjusted basis to be larger than originally forecast as international travelers across Southeast Asia in the first quarter proved voracious users of its ride-hailing service.
SHANGHAI -- Chinese President Xi Jinping met his Russian counterpart Vladimir Putin in Beijing on Thursday and agreed to further bolster trade relations amid growing pressure from the West.
BANGKOK -- A flagship policy of the Pheu Thai-led government that would raise the minimum daily wage by 14% could backfire and leave some Thais unemployed while their jobs instead go to cut-rate migrant workers, according to business sectors lobbying against the move.
TOKYO -- Nomura Holdings is pivoting away from the traditional brokerage business in favor of private assets, putting them at the center of a planned 40 trillion yen ($260 billion) increase in assets under management over the next several years.
TOKYO -- Nippon Life Insurance said Thursday it has agreed to spend over $3.8 billion for a 20% stake in U.S. life insurance provider Corebridge Financial, the move representing a full-fledged entry into the promising American insurance market in response to poor growth prospects at home.
TOKYO -- The Japanese yen strengthened to 153.57 against the dollar during Tokyo trading hours on Thursday after data released the day before showed U.S. consumer inflation cooled in April, stoking investor speculation the U.S. Federal Reserve could cut its policy rate in the fall.
TAIPEI -- Top Taiwanese manufacturers serving the tech sector reported a 19.4% revenue increase on the year in April, data compiled by Nikkei shows, fueled by strong demand for artificial intelligence-related servers and semiconductors.