HO CHI MINH CITY -- VinFast rival Selex launched a joint venture with Vietnamese gas-station giant Petrolimex to build electric vehicle charging and battery-swap stations that do not demand brand loyalty.
Indonesia prepares Bond Stabilization Fund amid rupiah depreciation
JAKARTA -- Indonesia will activate a Bond Stabilization Fund next week to support the rupiah, Finance Minister Purbaya Yudhi Sadewa said during a quarterly briefing with the Financial System Stability Committee (KSSK) on Thursday.
Nissan unit should expand dividends 80-fold, investor says
TOKYO -- Strategic Capital will submit a shareholder proposal calling on Nissan Shatai to greatly increase dividend payouts, the Japanese activist investor said Thursday.
No spring thaw for Japan-China diplomacy 6 months after Taiwan spat
TOKYO -- There's a saying that time heals all wounds. But in the six months since Japanese Prime Minister Sanae Takaichi's remarks about Taiwan chilled Tokyo-Beijing relations, the two sides have yet to feel a thaw.
The Iran War has exposed global shipping's weakest links
James David Spellman is principal of Strategic Communications, a consulting firm based in Washington.
BMW, Mercedes struggle to make luxury cars with Chinese characteristics
BERLIN/SHANGHAI -- Sales of German luxury cars are slumping in China as local rivals roll out models with the high-tech features that Chinese buyers want.
Set to host Trump, Xi targets stability under cloud of Iran uncertainty
TOKYO/HONG KONG -- When Donald Trump met Xi Jinping for the first time in Florida in 2017, the U.S. president told his Chinese counterpart of missile strikes on Syria over what he called the "most beautiful piece of chocolate cake." Now, their plans to meet next week in Beijing are being overshadowed by another American military engagement in the Middle East.
Japan extends streak of record stock buybacks, led by these blue chips
TOKYO -- Share buybacks by Japan-listed companies set another record in the year ended March, marking the fifth straight year of gains, as the Tokyo Stock Exchange prepares to issue a new call for improving capital efficiency.
Daiwa House buys regional US homebuilder, tapping into fast-growing market
OSAKA -- Japanese homebuilder Daiwa House Industry said Thursday that it has completed the acquisition of United Homes Group, an American residential builder based in South Carolina.
Asia propels global carbon-cutting investments to record $2.3tn
TOKYO -- The Asia-Pacific region provided crucial momentum as global decarbonization investments climbed an estimated 8% to a record $2.3 trillion in 2025, defying U.S. political headwinds against spending on sustainability.