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VIENTIANE -- The Association of Southeast Asian Nations has been struggling to ease strains in its relations with the military regime in Myanmar, even as the country is hopeful of restoring normal ties with the regional bloc.
SINGAPORE -- Regional ride-hailing giant Grab has withdrawn its plan to acquire Singaporean taxi operator Trans-cab, the city-state's competition watchdog announced Thursday, after authorities raised concerns that the merger would reduce competition in the local market.
SEOUL -- SK Hynix reported an operating profit for the second quarter, compared to a loss in the same period a year ago, as the chipmaker benefited from strong demand for artificial intelligence memory chips.
TOKYO -- Japan's stock market rally has slowed since mid-July, and in early trade Thursday, the benchmark Nikkei Stock Averagewas down 3%, as professional investors turn their attention to the adverse impact of the weak yen.
SEOUL -- South Korea's economy contracted in the second quarter -- logging its first three-month period of negative growth since the late stages of the COVID-19 pandemic -- dragged down by waning incomes, the Bank of Korea announced on Thursday.
TAIPEI -- Taiwan's new government is launching an ambitious program of economic and social reform despite opposition parties' control of the legislature, Premier Cho Jung-tai told Nikkei Asia, with plans to drum up almost $100 billion in investment.
NEW YORK -- Japan was the top source of foreign investment in the U.S. for the fifth consecutive year as Asian investment grew to a record $988.7 billion last year, according to data from the U.S. Bureau of Economic Analysis.
TOKYO -- Honda Motor plans to slash production capacity for gasoline-fueled vehicles in China by one-third, equivalent to about 10% of its global output, as falling sales of Japanese cars spur changes across the entire Chinese supply chain, Nikkei has learned.