TOKYO -- Half of the major life insurance companies in Japan are expected to increase their holdings of domestic bonds this fiscal year, Nikkei has found, due to the rising yields on long-dated debt.
BYD confirms talks on F1 entry with eye on testing EV tech
GUANGZHOU -- Chinese electric vehicle giant BYD is considering participating in Formula One racing, a senior executive confirmed, as the sport places a greater emphasis on electric motors.
Samsung eyes exit from China TV, appliance sales to focus on US
SEOUL -- Samsung Electronics is poised to withdraw from China's home appliance and television market this year, people familiar with the matter said, as rising competition there pushes the South Korean group to focus on its strong U.S. business.
China warns US over sanctions 'misuse' after oil refiner Hengli hit
TOKYO -- The Shanghai-listed shares of Hengli Petrochemical nose-dived on Monday after the U.S. sanctioned its refinery unit over alleged dealings with Iran -- drawing criticism from Beijing less than three weeks ahead of a planned superpower summit.
Google to build first non-US AI campus in South Korea
SEOUL -- South Korea and Google announced Monday that the U.S. tech giant would build an artificial-intelligence campus in Seoul, hinting at warmer future ties after a yearslong dispute over the use of Google Maps in the country.
Nissan flips to operating profit outlook for last fiscal year
TOKYO -- Nissan Motor on Monday said it expects to post an operating profit of 50 billion yen ($314 million) for the year ended March 2026, reversing its earlier forecast of an operating loss, as it moves ahead with its business restructuring plan.
Indian drugmakers look beyond generics as Sun Pharma buys Organon
BENGALURU -- Indian drugmaker Sun Pharma said on Monday that it will fork out $11.75 billion in cash to buy U.S.-based Organon, underscoring a broader push by pharmaceutical companies in the South Asian nation to diversify beyond low-value generics to cement their footprint in international markets.
Japan state-backed JIC to name ex-head of Merrill Lynch Japan
TOKYO -- The state-backed fund, Japan Investment Corp. has decided to appoint a former president of Merrill Lynch Japan Securities (now BofA Securities Japan) as CEO, Nikkei learned Monday.
Beijing blocks Meta's $2bn acquisition of Manus after security review
HONG KONG -- Beijing has prohibited Meta's acquisition of Chinese-founded agentic AI company Manus after a national security review, the National Development and Reform Commission, announced on Monday.
Japan's Daiwa Securities Group to acquire Orix Bank for $2.3bn
TOKYO -- Daiwa Securities Group said on Monday that it will acquire Orix Bank for 370 billion yen ($2.3 billion), making the lender a wholly owned subsidiary through its internet banking arm.