SHANGHAI -- The U.S. and China will each identify at least $30 billion in goods that can be traded at lower tariff rates, the Chinese Ministry of Commerce said on Wednesday.

TOKYO -- In March, Japan's Yamato Transport sold off two warehouses after consolidating its logistics operations. The buyer, a real estate investment trust, plans to renovate the facilities and find new tenants.

TOKYO -- Chinese President Xi Jinping on Wednesday welcomed Russian President Vladimir Putin with a lavish ceremony in Beijing, providing similar pomp to the greeting Beijing gave U.S. President Donald Trump less than a week ago.

SEJONG, South Korea -- Union leaders at Samsung Electronics said on Wednesday that its members will go ahead with a full-scale, 18-day strike as planned starting on Thursday after negotiations with management over bonus payments collapsed, raising uncertainty for production of memory chips amid a deepening shortage in the market.

MUMBAI -- India, the world's third-largest consumer of liquefied petroleum gas (LPG), faces a supply gap of about 400,000 barrels per day of the key cooking fuel from pre-war levels, with domestic production unable to make up for the fall in imports caused by the Iran war.

TOKYO -- Swedish defense contractor Saab is seeking a bigger role as a weapons supplier to Japan, building on growing economic ties between the two countries.

ISLAMABAD -- An international court has upheld Pakistan's plea against India's pondage at two hydroelectric projects in the New Delhi-administered Kashmir region, reinforcing Islamabad's position on the Indus Waters Treaty, a water-sharing agreement between the two neighbors, which India unilaterally declared it would suspend last April.

KUALA LUMPUR -- SkyeChip became the first Malaysian chip design company to debut on Bursa Malaysia on Wednesday, positioning itself at the center of Malaysia's push to move up the semiconductor value chain, as demand grows for artificial intelligence chips and data centers.

HO CHI MINH CITY -- Vietnam has enacted a law regulating artificial intelligence, becoming one of the first countries to set comprehensive rules for tools from companies such as OpenAI and Anthropic.

JAKARTA -- A protest letter from a major Chinese lobby group to Indonesian President Prabowo Subianto has cast a spotlight on rising investor concerns about the business climate in Southeast Asia's largest economy.