BEIJING/WASHINGTON -- As U.S. President Donald Trump and Chinese President Xi Jinping prepare to meet one year after they paused a tariff war, trade will be high on the agenda for the leaders of the world's two biggest economies.
Japan's hopes for a Trump stop in Tokyo before Beijing fall through
TOKYO -- Plans within the Japanese government to invite U.S. President Donald Trump to Japan just ahead of his visit to Beijing -- which would have enabled Japanese Prime Minister Sanae Takaichi to share Tokyo's position on China -- have failed to bear fruit, with the Iran conflict undermining those diplomatic efforts.
Nissan expects first net profit for three years in FY26
TOKYO -- Nissan Motor forecasted on Wednesday a net profit of 20 billion yen ($127 million) for the fiscal year ending in March 2027, which would mark its return to the black for the first time in three years as the automaker works to turn around its business.
Founder of Indonesia's Gojek faces 18 years for alleged Chromebook graft
JAKARTA -- Indonesian prosecutors on Wednesday demanded 18 years in prison for Nadiem Makarim, a former education minister and founder of ride-hailing company Gojek, for his alleged role in a corruption case connected to the 9.3 trillion rupiah ($531 million) procurement of Google Chromebook laptops.
Indian jewelers brace for 10% sales dip as gold tariffs nearly triple
MUMBAI -- Indian jewelers are bracing for a significant decline in domestic sales now that the government has more than doubled import duties on precious metals like gold, silver and platinum in a bid to ease pressure on the country's external account and consequently on the rupee.
MSCI's index rebalance drops Indonesian stocks and rupiah hits record low
JAKARTA --Indonesian equities plummeted on Wednesday after an index provider removed six local companies from the domestic global standard index following a quarterly review and the weakening of the rupiah.
The Jakarta Composite Index (JCI) closed 1.98% lower at 6,723.32, while the rupiah weakened to an all-time low of 17,535 on the dollar. A total of 428 stocks weakened, weighing on the index.
MSCI has retained its status for Indonesia in
Trump-Xi summit live: US president arrives in Beijing
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
Tencent and Alibaba sales disappoint as AI monetization efforts fall short
HONG KONG -- Tencent Holdings and Alibaba Group missed sales expectations for the March quarter, as they were unable to monetize artificial intelligence as quickly as investors were expecting, though the Chinese tech giants have pledged to continue to invest in and leverage AI.
Olympus CEO marks turbulent first year with 20% share price jump
TOKYO -- Olympus CEO Bob White has largely erased a nearly 30% slide in the company's share price after a roller-coaster first year at the helm of the world's largest gastrointestinal endoscope maker.
Nissan forecasts first net profit in three years for FY26
TOKYO -- Nissan Motor on Wednesday forecast a net profit of 20 billion yen ($127 million) for the fiscal year ending March 2027, which would mark a return to the black for the first time in three years as the automaker works to turn around its business.