MONTREAL -- Canadian public pension funds are set to increase holdings of Japanese stocks, sensing opportunity in the country's economy and corporate governance reforms despite volatility in the Middle East, amid a global trend of institutional investors reducing the weight of U.S. assets in their portfolios.
Singapore and Japan at 60: A new chapter begins
Lawrence Wong is the prime minister of Singapore.
Nvidia predicts $1tn revenue through 2027 as AI inference demand surges
SAN JOSE, California -- Nvidia now expects $1 trillion in revenue through 2027 as demand for its artificial intelligence chips continue to rise, despite growing questions about how long the massive build-out of AI infrastructure will last.
Steel Partners bid for Japan's Sanko Sangyo not an activist offer: chairman
LONDON -- U.S. investment group Steel Partners Holdings has made a counteroffer to buy Japanese manufacturer Sanko Sangyo in a move that is not a traditional activist play, Steel Partners Executive Chairman Warren Lichtenstein recently told Nikkei.
US missile shortage in Mideast risks taxing resources of Asian allies
TOKYO -- Extensive use of air defense missiles in the Middle East is prompting the U.S. to transfer overseas resources to the region, and could lead Washington to request Japan's support for producing such systems if the conflict drags on.
Red Sea oil shipments surge 21-fold after Hormuz closure
TOKYO -- As Iran imposes a near-total closure of the Strait of Hormuz, Saudi Arabia is exporting crude oil via the Red Sea at a scale not seen in several years.
Japan's Daifuku eyes humanoid robots for logistics sector in 3 years
TOKYO -- Japanese automation equipment maker Daifuku plans to start testing humanoid robots for logistics in as little as three years, seeking to extend its high market share in factory and warehouse systems with labor-saving and fully automated solutions.
China Renaissance sets sights on cross-border deals with new US hire
HONG KONG -- Beijing-based investment bank China Renaissance is shifting its focus back toward the United States this year, now that founder Bao Fan has been released from state detention.
Indonesia to cut ministries' budgets over oil prices and fiscal concerns
JAKARTA -- Indonesia is preparing for budget cuts that will affect multiple ministries and government agencies to keep the fiscal deficit from breaching the legal ceiling amid soaring oil prices, its chief economic minister said Monday.
VinFast losses widen to $3.9bn even as EV sales double
HO CHI MINH CITY -- Electric vehicle maker VinFast's losses deepened last year as the Vietnamese company made a year-end push to double EV deliveries.