Yen climbs to 155 per dollar, a five-week high, following U.S. pressure
TOKYO -- The yen sharply appreciated against the dollar on Thursday, temporarily reaching a one-month high, following pressure by powerful figures in the U.S. and Japan.
Nikkei staff writers in asian news
Amazon vs. Temu: Prime Day heats up e-commerce price war
PALO ALTO, California/GUANGZHOU -- Amazon.com is offering deep discounts on electronics, household items and more for its Prime Day sales event amid growing competition with Chinese rival Temu, as inflation sends consumers hunting for bargains.
Myanmar's corporate crackdown grows beyond Japan retailer Aeon
YANGON/BANGKOK -- Myanmar's military regime is tightening its grip on a range of industries from retail to real estate as the country grapples with inflation and capital outflows, though its crackdown appears to be exacerbating the economic turmoil.
Chip stocks tumble on fears of China tech curbs, Trump's Taiwan remarks
TOKYO/HONG KONG/NEW YORK -- Semiconductor-related stocks from TSMC to Tokyo Electron and Nvidia plummeted on Wednesday following remarks by Donald Trump on Taiwan and media reports that the U.S. may intensify measures to prevent companies from providing advanced technology to China.
Toyota pushes hybrids to defend top spot in Indonesia, largest ASEAN market
JAKARTA -- Japanese automakers are trying to keep their presence felt in Indonesia with their latest hybrid electric vehicles at a time when a growing number of Chinese EV brands are also homing in on Southeast Asia's largest auto market.
Papua New Guinea seeks free trade talks with Japan, PM says
TOKYO -- Japan and Papua New Guinea have discussed the path toward a potential free trade agreement, PNG Prime Minister James Marape told Nikkei Asia on Wednesday.
Toyota pushes its hybrids to defend Indonesia market, ASEAN's largest
JAKARTA -- Japanese automakers are trying to keep their presence felt in Indonesia with their latest hybrid electric vehicles at a time when a growing number of Chinese EV brands are also homing in on Southeast Asia's largest auto market.
Deutsche Bank to boost Asia revenue to 'well north of 15%': CEO
MUNICH, Germany -- Deutsche Bank is ready to aggressively expand investments in Asia after successfully restructuring itself and stabilizing its earnings, according to plans outlined to Nikkei by CEO Christian Sewing.