TOKYO -- Two large container ships from China's state-owned COSCO group appeared to have abandoned attempts to exit the Persian Gulf through the Strait of Hormuz on Friday, data from tracking service Marine Traffic shows, underscoring the treacherous conditions the Iran war continues to create.
Inpex to give Japan preferential access to oil from Azerbaijan
TOKYO -- Japanese energy group Inpex plans to prioritize buyers in its home market for oil produced off the coast of Azerbaijan as the war in Iran and the de facto shutdown of the Strait of Hormuz heighten procurement risks.
BYD posts first annual profit drop since 2021, eyes turnaround overseas
HONG KONG -- China's top electric vehicle maker BYD recorded a 38% slump in fourth-quarter net income versus a year earlier, marking its third consecutive quarterly profit drop as it grapples with sluggish domestic demand and an aging product lineup.
Suspect in Super Micro chip-smuggling scheme ran a business in Japan
TOKYO -- A suspected Taiwanese middleman accused of smuggling American artificial intelligence chips to China had established a business in Japan as well, Nikkei has learned.
Malaysia's rising tech pay, Indonesia's Alfamart boosts quick commerce
In the this final episode of Nikkei Asia News Roundup, hosts Jada Nagumo and Brian Chapman discuss Malaysian tech workers' growing salaries and an Indonesian minimart chain Alfamart's unique efforts to reverse a slowdown .
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And for other Asian business, politics, economy and
Japan, Korea stocks slip as Iran conflict continues to dampen sentiment
TOKYO -- Stock markets in Tokyo and Seoul declined on Friday, while other benchmarks in the region were mixed, as investors continue to mull the impact of the war in Iran, which has been ongoing for four weeks with no near-term resolution in sight.
Overdeveloped US market is feeling more like an unpredictable, emerging one
Henny Sender is the founder and managing partner of Apsara Advisory, a strategic consultancy for financial services companies.
Editor's Choice: Honda's shattered EV dream
Hello from Tokyo. Honda Motor, an auto giant with strong brand power in global markets, including Asia, is facing one of the gravest crises in its history. Having misjudged its strategic pivot to electric vehicles, the company announced in mid-March that it would halt development of several EV models. The decision has led to massive write-offs , and -- for the first time since its listing in 1957 -- the company will post a net loss.
Founded in 1948,
Tsunami-hit Japanese fishery faces fresh challenge as main catch dwindles
TOKYO -- Fifteen years on from being devastated by Japan's worst tsunami, a major east coast fish processor is facing a fresh threat to its business.
Singapore taps JPMorgan, UBS to drive gold hub ambitions
SINGAPORE -- Singapore has enlisted major financial institutions such as JPMorgan and UBS to develop its ambitions as an Asian gold trading center, even as the precious metal's prices have fallen over the past weeks due to the U.S.-Israel war with Iran.