South Korea and Cuba to open diplomatic missions, decades after cutting ties
SEOUL -- The South Korean and Cuban governments have agreed to establish mutual permanent diplomatic missions, in a major blow to North Korea.
Nikkei staff writer in asian news
China's factory activity expands for second straight month
HONG KONG -- China's manufacturing activity grew for the second consecutive month in April, though the rate of expansion decreased amid weak domestic demand and a still-sluggish property sector.
ECB rate cut in June 'realistic,' says Dutch central bank chief
BERLIN -- It is "realistic" to believe that the European Central Bank would begin cutting rates in June if favorable conditions hold, the head of the Dutch central bank told Nikkei in an interview.
Samsung's chip unit returned to profit in Q1 on strong AI demand
SEOUL -- Samsung Electronics' semiconductor unit returned to profit in the first quarter as demand for advanced memory chips critical for artificial intelligence computing soared sharply, recovering from a yearslong downturn.
Yen's surge raises questions over intervention: 3 things to know
TOKYO -- The yen's sharp appreciation Monday after crossing the 160 mark against the dollar has triggered speculation that Japanese authorities intervened in the market to shore up their home currency.
Tesla to work with Baidu in push to offer self-driving tech in China
HONG KONG -- Tesla is moving closer to introducing its self-driving system in China, the U.S. automaker's biggest overseas market, following founder Elon Musk's surprise visit to the country.
Indonesia's GoTo posts $53m loss in Q1, an improvement of 78%
JAKARTA -- Indonesian superapp provider GoTo said on Monday that it posted an 861 billion rupiah ($53 million) net loss in the January-March period, a reduction of 78% from the same period in 2023.
China stocks rally as investor 'fear of missing out' spreads
HONG KONG -- China stocks have gained momentum as market players scurry to avoid missing rallies driven by supportive policies, analysts say, while cautioning that the upswing does not yet reflect a return of long-term investors.