SEOUL -- Samsung Electronics is warning that the global memory chip shortage will worsen next year as anxious customers are already placing orders for 2027 even as the company's ability to fill them has fallen to a historic low.
US carmakers' China balance: cooperate abroad, protect turf at home
TOKYO -- Ford Motor is treading a fine line as it seeks new partnerships with Chinese automakers to enhance its global competitiveness, yet remains cautious about bringing them to its home turf.
Yen breaches 160 to dollar; JGB yield highest in nearly 3 decades
TOKYO -- The yen weakened past the psychologically significant threshold of 160 to the dollar on Thursday and long-term Japanese government bond (JGB) yields surged to above 2.5%, as fears grew over the consequences of inflation fueled by the deepening energy crisis sparked by the prolonged war in the Middle East.
Private equity firm MBK to drop takeover of Japan's Makino
TOKYO -- MBK Partners, an Asian private equity firm, has decided to abandon its planned takeover of Japanese machine tool maker Makino Milling Machine, sources have told Nikkei.
JAL forecasts 20% decrease in net profit for FY26 on fuel hike risk
TOKYO -- Japan Airlines (JAL) projects its net profit of 110 billion yen ($686 million) for the fiscal year ending March 2027, down 20.1% from the previous year, with uncertainty in global travel demand and fuel prices over the Iran war.
Shenzhen Metro posts record $5.5bn loss as China Vanke exposure deepens
SHANGHAI -- Shenzhen Metro Group on Wednesday reported a record net loss of 37.5 billion yuan ($5.48 billion) for 2025, with its 27% stake -- the largest among shareholders -- in troubled property developer China Vanke dragging down earnings and highlighting the widening fallout from China's property slump.
JAL forecasts 20% decrease in net profit for FY26 due to Iran war
TOKYO -- Japan Airlines (JAL) projects its net profit of 110 billion yen ($686 million) for the fiscal year ending March 2027, down 20.1% from the previous year, due to uncertainty in global travel demand and fuel prices over the Iran war.
Global drugmakers eye more China biotech deals after record year
SHANGHAI/HONG KONG -- Global pharmaceutical executives are hungry for more deals with Chinese biotech companies after a record year, even as a stock market boom shows signs of cooling down.
Yen breaches 160 to dollar; JGB yields surge to highest in nearly 3 decades
TOKYO -- The yen weakened past a psychologically significant threshold of 160 to the dollar, and long-term Japanese government bond (JGB) yields surged to 2.5% on Thursday as fears grew over the consequences of inflation fueled by a deepening energy crisis brought on by the prolonged war in the Middle East.
'Everything had been looted': Myanmar's civil war takes heavy toll
OMMATHI, Myanmar -- "Not even a spoon! There was nothing left when we returned, everything had been looted!" The shopkeeper's voice is filled with anger. Her husband nods. On his mobile phone are numerous memories of devastation: sandbag bunkers in door frames; walls riddled with the impact of explosions and blackened by fire; three large holes punched in the roof by drone bombs.