OSAKA -- Hong Kong-based investment firm Oasis Management owns more than 5% of Japanese engineering group Kanadevia, according to a securities filing Tuesday.

SINGAPORE -- The profitability of Sea's core e-commerce unit declined in the January-March period from a year earlier, the Singaporean technology group said Tuesday, underscoring intensifying competition.

TOKYO -- Japanese marine shipper NYK Line will consider expanding its fleet of oil tankers, looking to meet demand for importing petroleum from regions outside of the Middle East, the company's president and CEO told Nikkei on Tuesday.

NEW YORK -- Eight solar power product manufacturers operating in the U.S. petitioned the Commerce Department on Tuesday to investigate whether solar panels imported from Ethiopia evade American antidumping duties placed on Chinese components.

TOKYO -- Japan's NSK and NTN will merge their operations in a move that would create the world's top bearing manufacturer, the companies said Tuesday, seeking economies of scale to control rising costs.

GUANGZHOU -- Chinese beverage chain Mixue is building a merchandise business around its snowman mascot as it tries to stand out in the country's crowded market.

TOKYO -- Japanese insurance group Tokio Marine Holdings has received approval from Malaysia's central bank to begin negotiations for acquiring RHB Insurance, a non-life insurance company under local financial major RHB Bank, Nikkei learned on Tuesday.

TOKYO/KYOTO, Japan -- Japan's Nidec is suspected of having engaged in quality tampering involving more than 1,000 cases, extending a series of compliance issues at the world's largest motor maker that were previously centered on accounting irregularities, Nikkei has learned Tuesday.

CANBERRA -- Australia will allocate additional funds to boosting its fuel and fertilizer supplies as part of a package worth 14.8 billion Australian dollars ($10.68 billion) aimed at addressing the global energy shock unleashed by the U.S.-Israel-Iran war, Treasurer Jim Chalmers announced on Tuesday while unveiling the country's annual budget.

TOKYO -- U.S. Treasury Secretary Scott Bessent said that both Washington and Tokyo see excessive volatility in currency markets as undesirable, following his meeting with Japanese Prime Minister Sanae Takaichi on Tuesday.