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.
Nikkei staff writer in asian news
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.
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."
Market rout turns back to Asia after U.S. plunge
NEW YORK -- U.S. stock indexes ended the trading day down sharply Monday, with the global market rout expected to continue in Asia when trading in Japan begins Tuesday morning, according to market analysts.
Japan space startup Interstellar raises $21m from NTT-led backers
TOKYO -- Japanese rocket and satellite startup Interstellar Technologies raised 3.1 billion yen ($21.2 million) from a group of funders that includes NTT Docomo, Japan's leading wireless carrier.
VW, other European carmakers weighed down by EVs, China and R&D
FRANKFURT -- Europe's five biggest automakers reported falling profits for the first half due to weak demand for electric vehicles, cost competition from China and ballooning research and development costs.
Japan's Terumo sets up $75m U.S. venture capital fund
TOKYO -- Japanese medical equipment maker Terumo has established a corporate venture capital fund that will invest $75 million in advanced technologies for cardiovascular treatment, with an eye on potential mergers and acquisitions in the future.
Canon zooms in on China's Gen Z to boost digital camera sales
BEIJING -- Canon is wooing China's Generation Z with cheaper, beginner-friendly digital cameras, touting the ability to take high-quality photos and videos for users looking to spruce up their social media feeds.