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Nikkei staff writer in asian news

Nikkei staff writer - Japan specialty stores log record sales on foreign tourist spending - asia.nikkei.com - Japan - city Tokyo

Japan specialty stores log record sales on foreign tourist spending

TOKYO -- Sales at Japan's specialty stores in fiscal 2023 reached a record high of 27.24 trillion yen ($188 billion), up 5.2% from the previous year, as the weak yen lifted foreign tourist demand for jewelry, clothing and other goods.

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Nikkei staff writer - Suntory aims for gold in global ready-to-drink market - asia.nikkei.com - Japan - city Tokyo

Suntory aims for gold in global ready-to-drink market

TOKYO -- With overseas sales now making up a majority of the groupwide total, Japan's Suntory Holdings is aiming to lead the world in the fast-growing market for ready-to-drink (RTD) beverages.

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Nikkei staff writer - Sony won't make another bid for Paramount after Skydance deal - asia.nikkei.com - city Tokyo

Sony won't make another bid for Paramount after Skydance deal

TOKYO -- Sony Group has decided not to make a new bid for Paramount Global now that independent film studio Skydance Media has reached a deal to buy the U.S. media group, Nikkei has learned.

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NORMAN GOH - Nikkei staff writer - Malaysia moves up value chain with first semiconductor park - asia.nikkei.com - Malaysia - city Kuala Lumpur

Malaysia moves up value chain with first semiconductor park

KUALA LUMPUR - Malaysia formally opened its first semiconductor integrated chip (IC) design hub on Tuesday, the latest step in its attempt to move up the sector's value chain.

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Nikkei staff writer - LISA KIM - Japan stocks rebound 3,217 points for their largest single-day rise - asia.nikkei.com - Japan - city Tokyo

Japan stocks rebound 3,217 points for their largest single-day rise

TOKYO -- Japan's benchmark Nikkei Stock Average surged 3,217.46 points on Tuesday -- its largest single-day rise -- after U.S. service sector data for July eased concerns of a recession.

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LIEN HOANG - John Lee - Nikkei staff writer - Hong Kong has ASEAN backing to join RCEP trade pact: John Lee - asia.nikkei.com - China - Hong Kong - Cambodia - Vietnam - Laos - county Lee - city Beijing - city Hong Kong - city Ho Chi Minh City

Hong Kong has ASEAN backing to join RCEP trade pact: John Lee

HO CHI MINH CITY -- Southeast Asian countries support Hong Kong's bid for "early accession" to the Pacific mega-trade deal they lead with China, the city's Chief Executive John Lee said.

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ECHO WONG - Nikkei staff writer - China Evergrande EV units' bankruptcy adds roadblock for liquidators - asia.nikkei.com - China - Hong Kong

China Evergrande EV units' bankruptcy adds roadblock for liquidators

HONG KONG -- The electric vehicle arm of embattled Chinese property developer Evergrande revealed two months ago that it was in talks with a potential buyer. Now, units of the EV group face a bankruptcy process that some warn could dampen the appetite for a deal.

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SHAUN TURTON - Nikkei staff writer - Australian central bank 'near-term' interest rate cuts not on agenda - asia.nikkei.com - Australia

Australian central bank 'near-term' interest rate cuts not on agenda

SYDNEY -- The Reserve Bank of Australia on Tuesday again held its official cash rate steady, with Governor Michele Bullock effectively ruling out a cut this year as inflation in the country remains "too high."

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