JAKARTA -- Bank Indonesia on Tuesday announced an emergency rate increase of 25 basis points, to 5.5%, after an unscheduled meeting.
Binance eyes Asian stock trading as Bitcoin slumps
SINGAPORE -- Binance, the world's largest crypto exchange, is looking to launch Asian share trading on its platform, deepening its push into equities as Bitcoin and other cryptocurrencies slump.
Pentagon blacklists Alibaba, BYD and Baidu over alleged military ties
HONG KONG -- The Pentagon has added dozens of Chinese companies including Alibaba, BYD, Baidu, Unitree, Huawei and chipmaker CXMT to a list of entities it says have ties to the Chinese military, a move indicating that Washington is increasingly expanding its definition of "dual-use technologies" over national security concerns.
Japan ex-PM Kishida calls for deeper energy ties with South Korea
TOKYO -- Japan and South Korea should continue to deepen their cooperation in areas including energy, supply chains and social issues to build a more resilient Asia, former Japanese Prime Minister Fumio Kishida said.
Bank of Japan set to hike rates to 1.0%
TOKYO-- The Bank of Japan is set to raise its key interest rate to 1.0% from the current 0.75% at its upcoming policy board meeting on June 15 and 16, Nikkei has learned, as the Japanese economy faces upside risks of inflations. The central bank is also considering pausing the tapering of its government bond purchasing program, starting in April 2027.
Bangladesh's energy overcapacity drives up costs and subsidies
DHAKA -- Bangladesh's energy overcapacity is keeping the cost of electricity high and inflating the government's subsidy bill, even as consumers face higher prices after recent hikes, due to payments to unused power plants.
US asks China to resume rare-earth exports to Japan
WASHINGTON -- U.S. President Donald Trump's administration has asked China to resume rare-earth exports to Japan, as Washington is increasingly concerned about dwindling global supply of Japanese high-tech products made using the critical elements, Nikkei has learned.
Pentagon blacklists Alibaba, BYD, CATL and Baidu over alleged military ties
HONG KONG -- The Pentagon has added dozens of Chinese companies including Alibaba, BYD, CATL, Baidu, Unitree, Huawei and chipmaker CXMT to a list of entities it says have ties to the Chinese military, a move indicating that Washington is increasingly expanding its definition of "dual-use technologies" over national security concerns.
China's 8-year low oil imports cushion Iran war shock to global prices
SHANGHAI/TOKYO -- A sharp fall in China's oil imports is keeping global prices in check despite a supply crunch lasting more than 100 days due to disruptions in the Strait of Hormuz, a critical artery for the world's energy trade.
From Nintendo to Sanrio, Japanese entertainment stocks face AI headwinds
TOKYO -- Japan's soft-power giants have reached a stock market turning point as the post-COVID surge gives way to an artificial intelligence boom, prompting a sectorwide valuation re-rating.