TOKYO -- U.S.-based activist fund manager Sapphireterra Capital has proposed that apparel maker Sanyo Shokai pay out a special dividend of 1,200 yen ($7.59) per share.

NEW YORK -- Crude oil futures plunged Friday after Iranian Foreign Minister Abbas Araghchi announced that passage for all commercial vessels through the Strait of Hormuz is "completely open" following a ceasefire agreement between Israel and Iran-backed Hezbollah.

TOKYO -- Sony Group and Honda Motor have decided to pursue other opportunities through their 50-50 joint mobility venture after canceling what would have been their first co-developed vehicle, Nikkei has learned.

TOKYO/SEOUL -- A shortage of memory chips appears likely to continue until around 2027, with the top U.S. and South Korean suppliers raising DRAM production at a pace that will meet only about 60% of demand.

TOKYO/NAGOYA, Japan -- Nissan Motor and parts makers have developed technology for electric vehicle motors that significantly cuts the Japanese carmaker's reliance on rare-earth minerals that are mainly produced by China.

TOKYO -- Japanese wireless carrier SoftBank Corp. said Friday that it will be the exclusive domestic seller of an artificial-intelligence-powered smartphone developed by American startup Brain Technologies.

NEW DELHI -- An Indian delegation is visiting the U.S. next week to resume face-to-face negotiations for an interim trade agreement, which was originally intended to be signed in March but stalled after a U.S. Supreme Court ruling in February invalidated President Donald Trump's sweeping global tariffs.

HONG KONG -- Audi is deepening collaboration with its Chinese partner, SAIC Motor, in an attempt to reverse a sales slump in the world's largest auto market.

JAKARTA -- Jakarta's consideration of a Washington request for U.S. fighter jets to be allowed to pass through Indonesian airspace has whipped up a backlash at home, with experts warning of Iranian retaliation and strained relations with Moscow and Beijing even as Indonesia attempts to buy Russian oil.

SHANGHAI -- Chinese startup Agibot Innovation Technology plans to aggressively ramp up production of humanoid robots this year as the race to deploy them in factories, stores and offices heats up.