TOKYO -- Japanese companies are securing credit lines at a record pace to avoid bankruptcy as the Iran war drives up prices and disrupts supply chains.
NTT punts profit target by 3 years as Japan mobile unit Docomo struggles
TOKYO -- Japanese telecommunications group NTT has pushed back a major profit target by three years, the company said Friday, as a slump at mobile unit and earnings driver NTT Docomo threatens to hold back its overall growth strategy.
China solar panel maker Jinko to sell majority stake in US unit for $191m
NEW YORK -- Major Chinese solar panel manufacturer JinkoSolar Holding has agreed to sell a 75.1% stake in subsidiary Jinko Solar (U.S.) Industries to American private equity firm FH Capital under plans announced Friday.
Oil crisis sparks Japanese dash for corporate credit lines
TOKYO -- Japanese companies are securing credit lines at a record pace to avoid bankruptcy as the Iran war drives up prices and disrupts supply chains.
ASEAN leaders to create shared fuel reserve for future crises
CEBU, Philippines -- Southeast Asian leaders on Friday said they intend to develop a shared fuel reserve that member states can access in times of crisis, such as the current Iran war, to cushion the impact of spikes in oil prices.
Croatia aims to be part of India-Europe corridor, prime minister says
DUBROVNIK, Croatia -- Croatia "wants to be part" of the India-Middle East-Europe economic corridor, with its ports serving as the European Union's entry points for goods coming from the Pacific, Prime Minister Andrej Plenkovic told Nikkei Asia during a recent interview.
Honda slips into first operating loss as it reevaluates EV strategy
TOKYO -- Honda Motor recorded an operating loss of approximately 400 billion yen ($2.55 billion) for the fiscal year that ended in March, Nikkei has learned, heavily impacted by problems related to its electric vehicle business.
India power companies strained as big users source own electricity
BENGALURU -- India's state-owned power distribution companies (discoms) face a growing, two-pronged threat to their revenues, with industrial customers going off grid for relatively cheaper power, and data centers and factories buying from private power companies.
Sony and TSMC partner on next-generation AI image sensors
TOKYO -- Sony Group on Friday said it planned to deepen its partnership with Taiwan Semiconductor Manufacturing Co., aiming to develop next-generation image sensors for artificial intelligence applications that would allow it to expand into fast-growing sectors such as robotics and automotive.
ASEAN's electric vehicle ambitions hit the 'grid wall'
Tim Daiss is a journalist and analyst who has covered energy markets, sustainability and geopolitics in the Asia-Pacific region for the past 15 years.