ISTANBUL -- Uzbekistan's plan to privatize state assets took a large step forward Wednesday after the initial public offering of its investment fund was four times oversubscribed.
SoftBank's annual profit quadruples as it doubles down on OpenAI bet
TOKYO -- SoftBank Group on Wednesday reported a full-year net profit of 5 trillion yen ($31.6 billion), quadrupling from a year earlier, as the Japanese technology investor increased its bet on ChatGPT developer OpenAI.
Nikkei launches new stock index tracking Japan's entertainment industry
TOKYO -- Nikkei announced on Wednesday that it will begin calculating and publishing a new stock index, the Nikkei Japan Entertainment Content Stock Index, aiming to capture the share price trends of Japanese companies behind globally popular games, anime and characters.
The index will consist of 20 Tokyo Stock Exchange-listed companies in entertainment content-related sectors such as game software and toys, selected primarily based on market capitalization. At the launch, constituents will include Sony Group, Nintendo, Bandai Namco Holdings and Toho.
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Trump-Xi summit live: Beijing prepares for US president's evening arrival
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.
Nepal protests India's plan to reopen Himalayan pass to Tibet
KATHMANDU -- Nepal has protested against India's decision to reopen a Himalayan pass leading to a revered Hindu pilgrimage site in Tibet, reviving a territorial dispute between the two neighbors.
China, US trade chiefs huddle for last-minute talks before Trump visit
SHANGHAI -- Trade representatives from China and the U.S. huddled in South Korea on Wednesday in last-minute preparations for a high-stakes summit between Chinese President Xi Jinping and U.S. President Donald Trump.
Qualcomm broadens Vietnam R&D into chip design amid talent race
HANOI -- Qualcomm is expanding its research and development efforts in Vietnam beyond artificial intelligence into chip design, as the U.S. semiconductor company races to build a broader engineering hub amid intensifying competition over global talent.
Trump-Xi summit: 5 things to watch as world's most powerful men meet
NEW YORK/SHANGHAI -- U.S. President Donald Trump is due to arrive Wednesday evening in Beijing, where he will talk trade, technology, Taiwan and global turmoil with Chinese President Xi Jinping.
Nidec confirms 'suspected improper conduct' over quality irregularities
TOKYO -- Japan's Nidec announced on Wednesday that the company has identified "suspected improper conduct" related to quality tampering, saying it plans to establish an investigation committee composed of external experts.
Texas Instruments boosts in-house chip output for AI infrastructure boom
TAIPEI -- U.S. chip giant Texas Instruments is expanding its global manufacturing footprint, including in Japan and Malaysia, to increase in-house production of "foundational" semiconductors needed to support the booming AI infrastructure market, a senior executive told Nikkei Asia.