Indonesia's GoTo posts $174m loss in first half
JAKARTA -- Indonesian superapp provider GoTo said on Tuesday that it recorded a net loss of 2.8 trillion rupiah ($174 million) for the first six months of this year.
Nikkei staff writer in asian news
China's Politburo calls for consumption boost to drive 2024 growth
SHANGHAI -- China needs to shift its economic policy implementation toward boosting consumption, the country's top leadership said on Tuesday in a closely watched meeting, amid rising expectations for more stimulus measures to spur sluggish growth.
Isuzu to enter U.S. EV truck market ahead of tougher CO2 rules
TOKYO -- Japan's Isuzu Motors will start selling locally assembled compact electric trucks in North America in August and expand into midsize trucks in 2026, ahead of the U.S. government's implementation of stricter vehicle emissions regulations, starting in 2027, Nikkei has learned.
BHP and Canada's Lundin join forces in $3bn South American copper play
SYDNEY -- Australian mining giant BHP is teaming up with Canada's Lundin Mining for a planned $3 billion takeover of a copper exploration project on the border of Argentina and Chile, the latest sign of the insatiable appetite for the key energy transition metal.
U.S. to boost Philippine defense capability with $500m investment
MANILA -- The U.S. announced on Tuesday an investment of $500 million to finance the Philippines' ongoing defense upgrade program, supporting in part efforts to counter China's maritime aggression in the South China Sea.
Fanuc upgrades profit forecast on rebound in China orders
TOKYO -- Japanese factory automation supplier Fanuc on Monday raised its annual net profit outlook by 18 billion yen ($117 million) on a recovery in orders from China, where government subsidies are driving demand despite a sluggish economy.
South Korea population rises for 1st time in 3 years on foreign workers
SEOUL -- South Korea's population increased for the first time in three years, growing 0.2% last year to 51.77 million, as an inflow of foreign residents outweighed the decline caused by a low birth rate, government data released Monday shows.
China tells companies to put worker reps in boardrooms
SHANGHAI -- China is requiring big companies to guarantee worker representation in boardrooms as part of President Xi Jinping's push for "common prosperity."