Tesla reclaims EV crown from BYD amid overall sales drop
PALO ALTO, California -- Tesla has reclaimed the title of the world's top EV seller in the first quarter after losing it to BYD last year.
Nikkei staff writer in asian news
India manufacturing PMI surges to 16-year high ahead of elections
BENGALURU -- India's manufacturing activity surged to a 16-year high in March, underpinning the labor market and boding well for Prime Minister Narendra Modi ahead of general elections expected from later this month.
Singapore tightens anti-money laundering rules for crypto players
SINGAPORE -- Singapore's financial regulator is tightening rules on anti-money laundering measures covering cryptocurrency players, as the city-state extends its reach to mitigate the risk of ill-gotten gains flowing through the country after a recent large criminal bust.
Thai construction giant's shares plunge 30% after $29.5m loss
BANGKOK -- Thai construction company Italian-Thai Development resumed trading on the Bangkok bourse Monday, only for its share price to slide 30.6%, after the company reported an annual loss of 1 billion baht ($29.5 million) last week.
Line chat app operator faces resistance in cutting Naver control
TOKYO -- The operator of popular chat app Line on Monday said it has called for a review of its capital ties to its top shareholders as the company comes under pressure from its Japanese regulator to improve security governance after a series of personal data leaks.
Med device stocks set for 'unleashed' demand, Newton Investment fund manager says
TOKYO -- Medical device stocks offer value for investors as procedures postponed by COVID-19 pick back up, said a senior portfolio manager at a BNY Mellon-owned investment firm.
Majority of ASEAN people favor China over U.S., survey finds
SINGAPORE -- Over half of Southeast Asians would now prefer to align with China over the U.S. if ASEAN were forced to choose between the rival superpowers, a regional survey by a Singapore-based think tank showed Tuesday, reflecting Beijing's growing influence in the region.
Panasonic eyes 'strategic' Indian market as New Delhi pushes green energy
TOKYO -- Panasonic Energy said it is considering entering the Indian market for batteries used in motorcycles and energy storage, as New Delhi plans to bolster local manufacturing of related industries.