MUMBAI -- India's Adani Group is building what is calls the largest renewable energy plant worldwide, planning to more than triple the output of its core domestic facility by 2029 to cultivate green energy for growth as part of decarbonization.
Japan's Saudi Arabian crude import prices jump 80% in a month
TOKYO -- Prices of Saudi Arabian crude oil imported to Japan under long-term contracts rose more than 80% from February to March as the Iran war squeezes flows of energy through the Strait of Hormuz.
Japan glassmakers Asahi Kasei, AGC retool to ride surging AI chip demand
OSAKA/TOKYO -- Japan's glass industry, long stuck in a stagnant domestic market, has found a bright spot in materials used in semiconductor devices for artificial intelligence, spurring aggressive investment.
Activist Elliott says Mitsui O.S.K.'s shareholder return plan falls short
TOKYO -- U.S. activist investor Elliott Investment Management criticized Mitsui O.S.K. Lines' business plan on Wednesday, saying the Japanese shipping company "does not go far enough" in offering shareholder returns.
US senators seek to calm Asian nerves on Taiwan-Japan-South Korea tour
TOKYO -- A bipartisan group of four U.S. senators voiced support for Asian allies while visiting Japan on Wednesday, part of a weeklong tour meant to reassure Northeast Asian partners grappling with side effects of the Iran war and concerns over China and North Korea.
Economists, business warn Indonesia's energy crisis response may backfire
JAKARTA -- The Indonesian government's emergency measures meant to cushion the impact of the war in the Middle East risk undercutting economic growth, business groups and analysts have warned.
Chinese airlines join rush to raise fuel surcharges
HONG KONG -- Chinese airlines will significantly hike fuel surcharges for domestic flights on Sunday to account for surging oil prices, posing another headwind for an industry already struggling to generate profits.
Toyota, Daimler-backed truck company kicks off to compete with China rivals
TOKYO -- A new holding company for commercial vehicles backed by Toyota Motor and Germany's Daimler Truck began operations on Wednesday, aiming to strengthen competitiveness and catch up with new mobility technology as Chinese rivals gain ground globally.
Indonesia, Vietnam manufacturing PMIs drop after Iran war
SINGAPORE -- Manufacturers across Indonesia, Vietnam and other Asian economies are starting to feel the impact of rising prices and supply chain disruptions linked to the war in the Middle East, the latest factory activity gauge shows.
India startups delay listings on previous IPO flops, Iran volatility
BENGALURU -- Indian startups are delaying initial public offerings as investors, already hurting from the lackluster performance of several such stocks following listings, further raise their guard amid market volatility set off by the Middle East crisis.