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MELBOURNE -- The Australian government plans to introduce a "Future Made in Australia Act" to buttress support for domestic manufacturing and the transition to renewable energy, the country's leader announced on Thursday.
TAIPEI -- Foxconn and Quanta Computer are among major Taiwanese electronics manufacturers boosting contract production of generative AI servers, looking to capture exploding demand from U.S. companies as profits from mainstay smartphones and computers lag.
TOKYO -- Fujifilm Holdings will invest 700 billion yen ($4.5 billion) by 2028 to expand its biopharmaceutical contract manufacturing business in the U.S. and elsewhere as client pharmaceutical companies outsource more to reduce costs.
HONG KONG -- At least two Chinese fund managers have applied to launch bitcoin exchange-traded funds (ETFs) in Hong Kong, as the city looks to burnish its financial hub credentials by following the U.S. in allowing widely accessible products tied to cryptocurrency assets.
TOKYO -- One of Japan's leading discount store operators is betting that consumers will continue to seek lower prices for everyday items, despite efforts by corporate businesses and the government to bring the country out of a deflationary mindset.
SHANGHAI -- China's consumer prices rose at a slower pace and the decline in producer prices widened in March, renewing concerns about deflationary pressure in the world's second-largest economy.
SEOUL -- A resounding electoral defeat for South Korean President Yoon Suk Yeol's ruling People Power Party (PPP) sparked political upheaval on Thursday, with both the party's leader and Yoon's hand-picked prime minister tendering their resignations.
TOKYO -- Fast Retailing, the owner of Japanese clothing seller Uniqlo, on Thursday said its net profit for the six months ended in February rose 27.7% from a year earlier to 195.9 billion yen ($1.28 billion), buoyed by its operations in Europe and North America.