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Nikkei staff writer in asian news

NANA SHIBATA - Nikkei staff writer - Indonesia's GoTo posts $5.8bn loss in 2023 on TikTok write-down - asia.nikkei.com - Indonesia -  Jakarta

Indonesia's GoTo posts $5.8bn loss in 2023 on TikTok write-down

JAKARTA -- Indonesian superapp provider GoTo on Tuesday said it recorded a net loss of 90.5 trillion rupiah ($5.76 billion) for 2023, more than double the year before, due to a write-down related to TikTok's acquisition of a controlling stake in GoTo's e-commerce business Tokopedia.

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NORMAN GOH - Nikkei staff writer - Malaysia's YTL launches Nvidia-powered AI Cloud supercomputing bid - asia.nikkei.com - Malaysia - state California -  Kuala Lumpur -  San Jose, state California

Malaysia's YTL launches Nvidia-powered AI Cloud supercomputing bid

KUALA LUMPUR -- Malaysian conglomerate YTL Group is turning to the latest chips from semiconductor giant Nvidia as it pushes to build one of the world's fastest AI supercomputers.

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FRANCESCA REGALADO - Nikkei staff writer - Changpeng Zhao - Binance CEO touts 'compliance focused' culture after U.S. plea deal - asia.nikkei.com -  Bangkok -  Sanction

Binance CEO touts 'compliance focused' culture after U.S. plea deal

BANGKOK -- Binance CEO Richard Teng says the cryptocurrency exchange's record $4.3 billion plea deal with U.S. regulators has set the stage for a turnaround, both for the company itself and the industry, as Binance emerges from a two-year downturn.

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SOPHIE MAK - Nikkei staff writer - Australian winemakers hopeful about China lifting tariffs - asia.nikkei.com - China - Australia - county Valley

Australian winemakers hopeful about China lifting tariffs

HUNTER VALLEY, Australia -- Winemakers in Australia's Hunter Valley are looking forward with cautious optimism to China ending three years of tariffs on their products, even as producers elsewhere in the country say the reprieve will come too late or that they have since moved on from what was once their biggest market.

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MITSURU OBE - Nikkei staff writer - BOJ scraps negative rates in sweeping policy overhaul - asia.nikkei.com - Japan -  Tokyo - Ukraine

BOJ scraps negative rates in sweeping policy overhaul

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.

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ECHO WONG - Nikkei staff writer - China fines Evergrande for inflating revenue by $80bn - asia.nikkei.com - China - Hong Kong

China fines Evergrande for inflating revenue by $80bn

HONG KONG -- China's securities watchdog has accused a core unit of China Evergrande Group of inflating revenue by nearly $80 billion over two years before the developer defaulted on its debt.

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Nikkei staff writer - LISA KIM - Japanese yen falls to near 150 after BOJ decision to raise rates - asia.nikkei.com - Japan -  Tokyo

Japanese yen falls to near 150 after BOJ decision to raise rates

TOKYO -- The Japanese yen weakened on Tuesday after the Bank of Japan said it was ending eight years of negative interest rates.

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LIEN HOANG - Nikkei staff writer - U.S. to finance $500m in green exports to Vietnam - asia.nikkei.com - China - Vietnam -  Ho Chi Minh City -  Hanoi

U.S. to finance $500m in green exports to Vietnam

HO CHI MINH CITY -- The U.S. has inked a half-billion-dollar deal to boost green exports to Vietnam, the source of the country's third-biggest trade deficit and a rapidly rising manufacturing alternative to China.

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