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Nikkei staff writers in asian news

Narendra Modi - Nikkei staff writers - Pham Minh Chinh - India and Vietnam to enhance defense cooperation - asia.nikkei.com - India - Vietnam - city New Delhi - city Ho Chi Minh City

India and Vietnam to enhance defense cooperation

NEW DELHI/HO CHI MINH CITY -- Indian Prime Minister Narendra Modi and his Vietnamese counterpart Pham Minh Chinh held wide-ranging talks on Thursday that focused on enhancing cooperation in defense and security, trade and business and other matters.

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Nikkei staff writers - Toyota scandals batter suppliers while group posts record profit - asia.nikkei.com

Toyota scandals batter suppliers while group posts record profit

NAGOYA-- Though Toyota Motor logged a record profit for the most recent quarter, the suppliers that form the group's backbone are groaning under cost increases and production cuts forced by a series of certification scandals.

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Nikkei staff writers - Yen jumps on BOJ chief's hawkish stance - asia.nikkei.com - Japan - New York - city Tokyo

Yen jumps on BOJ chief's hawkish stance

TOKYO -- The yen strengthened to a four-month high against the dollar on Wednesday after Bank of Japan Gov. Kazuo Ueda told reporters that he was open to future interest rate hikes.

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Nikkei staff writers - Samsung's comeback marred by AI chip woes despite strong Q2 - asia.nikkei.com - city Tokyo - city Seoul

Samsung's comeback marred by AI chip woes despite strong Q2

SEOUL/TOKYO -- Samsung Electronics' chip segment has yet to fully reap the spiking demand for advanced AI semiconductors due to initial production setbacks that allowed rival SK Hynix to surge ahead. 

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Nikkei staff writers - Hitachi leans into IT services and power grid, fueling 150% profit surge - asia.nikkei.com - city Tokyo

Hitachi leans into IT services and power grid, fueling 150% profit surge

TOKYO -- Hitachi's group net profit for the April-June quarter rose 2.5-fold on the year to 175.3 billion yen ($1.1 billion), driven by strong AI-related demand in the IT services and power transmission and distribution businesses.

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Nikkei staff writers - Wednesday - BOJ to weigh rate hike to 0.25% at Wednesday policy meeting - asia.nikkei.com - Japan - city Tokyo

BOJ to weigh rate hike to 0.25% at Wednesday policy meeting

TOKYO -- The Bank of Japan is considering raising the policy interest rate, likely to 0.25%, at its meeting that concludes Wednesday, in what would mark another step toward normalizing monetary policy as wages and prices rise.

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Nikkei staff writers - Harley-Davidson Japan faces probe over excessive sales quotas - asia.nikkei.com - Japan - city Tokyo

Harley-Davidson Japan faces probe over excessive sales quotas

TOKYO -- Japan's Fair Trade Commission on Tuesday inspected a Harley-Davidson Japan office in Tokyo, amid alleged suspicions that it imposed excessive sales quotas on its authorized dealers and forced them to buy unsold inventory, sources told Nikkei.

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KENJI KAWASE and PEGGY YE - Nikkei staff writers - Hong Kong developer Hang Lung's shares sink 15% after profit cut - asia.nikkei.com - Hong Kong - city Hong Kong

Hong Kong developer Hang Lung's shares sink 15% after profit cut

HONG KONG -- Hang Lung Properties, one of the largest real estate developers in Hong Kong, saw its stock price plunge by double-digits on Tuesday after it reported disappointing earnings.

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