European stocks close higher; UK GDP figures show economy fell into technical recession
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Asian news from Tokyo
Basel eyes global bank disclosures tied to climate change risks
TOKYO -- Banks worldwide will be required to disclose their exposure to climate change risks under rules expected to take effect in 2026.
Japan's Renesas to buy Australian software maker Altium for $5.9bn
TOKYO (Reuters) -- Japanese chipmaker Renesas Electronics on Thursday said it will acquire a 100% stake in Australian design software provider Altium for 9.1 billion Australian dollars ($5.91 billion) in an all-cash transaction.
North Korean leader's sister says visit by Japan prime minister possible
TOKYO (Kyodo) -- The sister of North Korean leader Kim Jong Un said a visit by Japanese Prime Minister Fumio Kishida to Pyongyang is possible if Tokyo does not make the issue of the past abductions of Japanese nationals an obstacle between the two countries, state-run media reported Thursday.
Japan GDP unexpectedly shrinks, loses spot as 3rd-largest economy
TOKYO -- Japan's gross domestic product unexpectedly shrank for a second straight quarter, confirming that the nation's economy has now slipped behind Germany to become the world's fourth largest.
Japan's nominal GDP outgrows China's for first time in 46 years
TOKYO/HONG KONG -- While Japan's nominal gross domestic product slipped below Germany's last year, making it the world's fourth-largest economy, the country's growth rate has surpassed that of China for the first time in almost half a century.
Shipping rates show signs of easing despite Red Sea disruption
TOKYO -- While most containerships are making detours around the conflict-affected Red Sea, experts say container freight rates, which had initially soared, are showing signs of easing.
Japan's Kishida eyes South Korea visit on March 20 for talks with Yoon
TOKYO (Kyodo) -- Japanese Prime Minister Fumio Kishida is considering visiting South Korea on March 20 for talks with President Yoon Suk Yeol, as part of reciprocal visits by leaders of the two countries, diplomatic sources said Wednesday.