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SHANGHAI -- Chinese e-commerce company Alibaba Group Holding on Friday detailed plans to issue up to $5 billion in convertible notes to pay for share buybacks, following in the footsteps of rival JD.com in raising fresh funding.
SHANGHAI -- The first batch of China's 1 trillion yuan ($140 billion) worth of ultra-long-term treasury bonds rose as they debuted on local exchanges on Wednesday, as investors flocked to government-backed securities perceived as low-risk.
SHANGHAI -- China has stepped up maritime activity and other moves that analysts see as a pressure campaign on Taiwan ahead of President-elect Lai Ching-te's inauguration in Taipei on Monday.
SHANGHAI -- Chinese President Xi Jinping met his Russian counterpart Vladimir Putin in Beijing on Thursday and agreed to further bolster trade relations amid growing pressure from the West.
TOKYO -- Sakana AI, a Japanese artificial intelligence startup, said Thursday that it has invented a new way of creating generative AI models that applies the concepts of evolution and natural selection. This approach, according to the company, allows significantly cheaper and faster AI development.
TOKYO -- The Bank of Japan raised interest rates for the first time in 17 years on Tuesday, heralding the start of a shift from an era of unprecedented monetary easing.
TOKYO -- Japan's largest labor confederation said Friday that its member unions won an average 5.28% increase in wages this year, the biggest raise since 1991, providing impetus for a possible interest rate hike by the Bank of Japan next week.
TOKYO -- More than 3,600 job cuts were announced by Japanese companies in the first two months this year despite the historic rise in stock prices, reflecting a sense of urgency in corporate Japan about the need to restructure as wages rise.