TOKYO -- Two leading Chinese automakers took in the largest amount of government subsidies among all listed companies in the country last year, while a "teapot" oil refiner recently sanctioned by the U.S. over alleged links to Iran emerged as another major recipient.
Xi warns Trump that handling Taiwan issue 'poorly' risks a 'clash'
SHANGHAI -- Chinese President Xi Jinping issued a warning about Taiwan to U.S. President Donald Trump on Thursday, as the leaders began a summit expected to stabilize relations but also spotlight divisions between the two superpowers.
Thai Airways' Q1 profit up 3% but fuel cost pressure looms
BANGKOK/SINGAPORE -- Thai Airways International on Thursday reported a higher net profit for the January-March quarter, even as it seeks to cushion the blow in the coming months from rising fuel prices and uncertainty in the Middle East.
Honda aims to rebound to net profit in FY26 despite EV-related losses
TOKYO -- Honda Motor said on Thursday that it expects net profit of 260 billion yen ($1.65 billion) in the fiscal year ending March 2027, aiming to return to the black despite ongoing challenges, while announcing its first net loss since listing for the previous fiscal year due to electric vehicle-related losses.
India's nascent semiconductor sector faces China's push in older chips
BENGALURU -- Ahead of India's first semiconductor fabrication plant coming online later this year, serious concerns have been raised by tech experts as China rapidly expands production capacity of mature-node chips -- the very segment New Delhi is betting on to build a domestic semiconductor ecosystem, with the new entrant set to face an uphill battle.
Japan long-term bond yields surge past 2.6% as inflation runs hot
TOKYO -- Japanese government bond yields are continuing to rise as inflation worries intensify due to the protracted Iran war and higher oil prices.
Trump-Xi summit live: Powers 'should be partners, not adversaries,' Xi says
SHANGHAI/TOKYO -- U.S. President Donald Trump is making his first visit to China in nearly nine years, as the rival superpowers aim to stabilize their fraught relationship.
The American president arrived Wednesday evening and is scheduled to stay until Friday. An itinerary released by the White House includes plenty of face time with Chinese President Xi Jinping, from formal bilateral talks starting Thursday morning to a state banquet, tea and a working lunch.
Their discussions are expected to touch on a host of hot topics, such as
Infosys' founder Murthy hunts for Indian manufacturing investments
BENGALURU -- Narayana Murthy, founder of India's second-largest software exporter Infosys, is eyeing a slice of India's manufacturing pie after mostly backing service companies for more than a decade, as New Delhi pushes to build factories to rival China's prowess.
Trump-Xi summit live: China turns on charm as presidents meet
SHANGHAI/TOKYO -- U.S. President Donald Trump is making his first visit to China in nearly nine years, as the rival superpowers aim to stabilize their fraught relationship.
The American president arrived Wednesday evening and is scheduled to stay until Friday. An itinerary released by the White House includes plenty of face time with Chinese President Xi Jinping, from formal bilateral talks starting Thursday morning to a state banquet, tea and a working lunch.
Their discussions are expected to touch on a host of hot topics, such as
Cambodia business risks increase on cyberscam sanctions
PHNOM PENH -- New rounds of U.S. sanctions targeting alleged cyberscam networks in Cambodia are increasingly spilling over into its legitimate economy, raising compliance risks for businesses and deepening concerns over the Southeast Asian country's global reputation, following similar action by the U.K. earlier this year.