TOKYO -- SoftBank Corp. has launched a battery business in Japan to help meet growing electricity demand from artificial intelligence data centers, with plans to eventually expand overseas.
Asian private equity fund MBK to acquire Japanese aluminum components maker
TOKYO -- Asian private equity firm MBK Partners is set to acquire major Japanese aluminum components manufacturer Altemira Holdings, Nikkei has learned.
Hynix shares jump 11%, driving KOSPI to record high
SEOUL -- South Korea's benchmark stock index hit a record high on Monday, as SK Hynix and Samsung Electronics, the market's two biggest stocks, ride the artificial intelligence boom.
Philippine Vice President Sara Duterte set to be impeached for second time
MANILA -- The Philippines' House of Representatives is to convene on Monday afternoon to debate and vote on the impeachment of Vice President Sara Duterte , a process that is likely to have a significant bearing on the 2028 presidential election.
Kioxia's rising shares signal Japan market shift from autos to chips
TOKYO -- Japanese memory chip maker Kioxia has come to symbolize a potential shift in Japan's industry leadership as its share price has rocketed by a factor of 24, year on year, and nearly fivefold so far in 2026.
Trump-Xi meeting keeps Taiwan on edge, eyeing subtle US shifts
TAIPEI/NEW YORK -- Taiwan is bracing for the summit between U.S. President Donald Trump and his Chinese counterpart, Xi Jinping, later this week. The best-case scenario for Taipei, some experts say, would be not being mentioned at all.
Hynix shares jump 15%, driving KOSPI to record intraday high
SEOUL -- South Korea's benchmark stock index hit a record high during intraday trading on Monday, as SK Hynix and Samsung Electronics, the market's two biggest stocks, ride the artificial intelligence boom.
Indonesian state banks surge, private rivals sag over Prabowo's policies
JAKARTA -- Indonesia's banking industry was a tale of two subsectors in the first three months of 2026, as major state-owned banks rode government programs to log double-digit profit growth while their private rivals slowed.
China's yuan hits three-year high days before Xi-Trump summit
SHANGHAI -- China's currency on Monday hit a fresh three-year high against the dollar, underscoring the yuan's momentum ahead of a key summit between President Xi Jinping and his U.S. counterpart, Donald Trump, later this week.
Philippine rice farmers bear brunt of expensive fuel and El Nino
NUEVA ECIJA, Philippines -- Elvira Fadriquelan, 60, has spent more than half her life farming rice on nearly a hectare of land in Lubao, Pampanga. In this town, some 100 kilometers north of Manila, farmers' fields are in their backyards. That proximity once promised security, but now serves as a daily reminder of mounting debts.