TOKYO -- As the yen fell to the upper-158 range against the dollar on Friday, giving up half its gains from a government intervention last month, currency traders are beginning to question the effectiveness of advance intervention warnings given by Japan's top currency official.
Top Japan banks' profits hit record on M&A lending boom
TOKYO -- Net profits at five leading Japanese banking groups hit a third straight annual high in the year ended March 31 as interest income rose on the back of rate hikes.
AI-fueled copper rush spurs Amazon to buy direct from US mine
TUCSON, Arizona -- As American tech companies scramble to secure copper for data centers amid the artificial intelligence boom, Amazon.com is going right to the source, taking the unusual step of buying directly from a mine in the southwestern U.S.
Trump-Xi summit live: US president discusses outcomes aboard Air Force One
SHANGHAI/TOKYO -- U.S. President Donald Trump made his first visit to China in nearly nine years, as the rival superpowers sought to stabilize their fraught relationship.
The American president arrived Wednesday evening and left on Friday. The visit included plenty of face time with Chinese President Xi Jinping, from formal bilateral talks to a state banquet, tea and lunch.
The leaders are understood to have discussed the Iran war, trade, tensions over Taiwan, and artificial intelligence. Trump brought an entourage of corporate executives including
BRICS meeting ends in India without joint statement amid Iran crisis
NEW DELHI -- The BRICS foreign ministers' meeting under India's chairmanship concluded on Friday without a joint statement, with New Delhi saying that there were "differing views among some members" regarding the Middle East situation, a day after Iran accused the United Arab Emirates of involvement in the U.S.-Israeli strikes against it.
Trump-Xi summit live: US president discusses summit aboard Air Force One
SHANGHAI/TOKYO -- U.S. President Donald Trump made his first visit to China in nearly nine years, as the rival superpowers sought to stabilize their fraught relationship.
The American president arrived Wednesday evening and left on Friday. The visit included plenty of face time with Chinese President Xi Jinping, from formal bilateral talks to a state banquet, tea and lunch.
The leaders are understood to have discussed the Iran war, trade, tensions over Taiwan, and artificial intelligence. Trump brought an entourage of corporate executives including
Trump says he gave Xi 'no commitment' on Taiwan at summit
SHANGHAI -- U.S. President Donald Trump on Friday said he made "no commitment" on the Taiwan issue during his talks with President Xi Jinping in Beijing, and that he will determine a Taiwan arms sale in the "next fairly short period."
India raises regular fuel prices for 1st time in 4 years on Iran war
MUMBAI -- Indian drivers on Friday morning encountered higher prices for regular gasoline and diesel for the first time in four years as government-owned oil retailers began partially passing on their rising crude oil bills.
Alphabet announces record 576bn yen bond issuance in Japan
TOKYO -- Google parent Alphabet will issue close to 600 billion yen worth of yen-denominated bonds, the largest-ever bond offering in the Japanese currency by a foreign company, surpassing a previous record set by the U.S. investment firm Berkshire Hathaway.
Subaru postpones planned 2028 launch of its own EVs
TOKYO -- Subaru will postpone the launch of its own electric vehicles, which was previously scheduled for 2028, as demand for EVs is dwindling, the company announced Friday.