BHP reports record output at Australian iron ore mines
TOKYO -- BHP's iron ore mines posted their second consecutive year of record production while the company's copper volumes grew by 9%.
Nikkei staff writer in asian news
Vietnam Airlines renews turnaround push with share issuance plans
HANOI -- After four straight years in the red, embattled Vietnam Airlines is looking to raise fresh funds to accelerate its turnaround even amid continued headwinds in costs and passenger traffic.
Fujitsu invests in OpenAI rival Cohere, eyeing Japanese language model
TOKYO -- Japanese technology group Fujitsu said Tuesday that it has invested in Cohere, the North American generative artificial intelligence startup known as a rival to ChatGPT developer OpenAI.
Chinese businessman Guo Wengui found guilty in U.S. fraud trial
NEW YORK -- Chinese businessman Guo Wengui was convicted Tuesday of racketeering conspiracy and defrauding his online followers out of more than $1 billion in order to fund a lavish lifestyle while exiled in the U.S.
Thai food delivery apps struggle to survive cutthroat market
BANGKOK -- A rising Thai food delivery star during the lockdown days has become the latest casualty of a fiercely competitive market into which other former rivals have already flushed billions of baht in cumulative losses.
Thai food delivery apps struggle to survive in red ocean market
BANGKOK -- A rising Thai food delivery star during the lockdown days has become the latest casualty of a red ocean market into which other former rivals have already flushed billions of baht in cumulative losses.
Banks trim China's GDP forecasts as its leaders huddle at plenum
SHANGHAI -- Investment banks have downgraded their forecasts for China's economic growth this year after weak second quarter results released on Monday, adding pressure on President Xi Jinping to offer more support at a key Communist Party meeting this week.
Mitsubishi Heavy is one of Japan's hottest stocks, it wasn't always
TOKYO -- Mitsubishi Heavy Industries is a rising star on the Japanese stock market, thanks to hopes for its core defense and nuclear power segments. But it laid the groundwork for its breakout with quieter steps to improve efficiency.