Renault Korea to invest $523m in new Busan hybrid vehicle line
SEOUL -- Renault Korea Motors will invest about 700 billion won ($523 million) to set up hybrid vehicle production facilities at its existing plant in Busan, South Korea.
Nikkei staff writer in asian news
U.S. investment firm AllianceBernstein cuts research team
HONG KONG -- U.S. investment manager AllianceBernstein started cutting jobs in late February amid plans to form joint ventures with French bank Societe Generale.
Japan should build its own AI, Nvidia's Jensen Huang says
SAN JOSE, Calif. -- Nvidia CEO Jensen Huang said Japan should build its own artificial intelligence instead of importing the technology to best leverage the country's unique language and data.
Japan debt servicing costs face climb as BOJ ends negative rates
TOKYO -- The Japanese government faces mounting pressure to streamline its finances following the Bank of Japan's decision to end negative rates, with interest payments on bonds seen potentially tripling over the next decade.
Japanese yen slides past 150 after BOJ decision to raise rates
TOKYO -- The Japanese yen fell sharply against the dollar on Tuesday, after the Bank of Japan called an end to the world's last negative interest rate policy.
BOJ ends negative rates, leaves questions over policy direction
TOKYO -- The Bank of Japan on Tuesday conducted a sweeping policy overhaul, scrapping its negative interest rate policy as it bets that Asia's second-largest economy is now emerging from a protracted period of disinflation.
Nippon Steel to move U.S. base to Pittsburgh after U.S. Steel deal
TOKYO -- Nippon Steel plans to relocate its U.S. headquarters to Pittsburgh, the city where U.S. Steel is based, in a bid to smooth the intended purchase of the American steelmaker, regulatory filings show.
Boeing, Meta join U.S. business delegation to Vietnam
HANOI -- A delegation of about 60 U.S. companies, including heavyweights like Boeing and Facebook parent Meta, has begun a visit to Vietnam, aiming to explore investment opportunities in a wide range of fields including semiconductors and artificial intelligence.