China's 6th plenary session opens with Xi firmly in place

SHANGHAI -- The Chinese Communist Party's Central Committee has begun its sixth plenary session on Monday in Beijing, a high-level meeting to define the country's near-term goals and enhance President Xi Jinping's power base.


New China data transfer rules to be costly for foreign companies

HONG KONG -- Proposed rules to tighten control on the transfer of data from China are likely to raise costs significantly for foreign companies operating in the country, lawyers say.


Japan's Daiichi Sankyo to make mRNA vaccine pillar of business

TOKYO -- Japanese drugmaker Daiichi Sankyo is racing to develop Japan's own messenger RNA vaccine, aiming for release by the end of next year, as CEO Sunao Manabe looks beyond COVID to make the technology a pillar of the company's future business.


Indonesian coal giant Adaro seeks renewables-based growth

JAKARTA -- Indonesian coal mining giant Adaro Energy could generate half its revenue from renewable power as soon as a decade from now as it diversifies away from fossil fuels, its top executive told Nikkei Asia.


Big Finance commits $100tn-plus to tackle net-zero challenge

TOKYO -- Banks, insurers, asset managers and others worldwide have committed more than $100 trillion in private capital to achieving net-zero greenhouse gas emissions over the next three decades as the financial sector takes a leading role in advancing technological and societal shifts.


Brazil's central bank eyes bigger rate hike to step up tightening

SAO PAULO -- Brazil's central bank is considering further monetary tightening via a sharper increase to its benchmark interest rate in December, monetary policy director Bruno Serra recently told Nikkei Asia.


U.S. rate hike likely by next summer: former Fed governor

WASHINGTON -- Now that the U.S. Federal Reserve has announced a taper of its bond-buying program, attention turns even more to the timing of its first rate hike since 2018.


Japan starts laying legal groundwork for TSMC subsidy

TOKYO -- The Japanese government will establish a legal framework for subsidizing new domestic plants for advanced semiconductors, starting with Taiwan Semiconductor Manufacturing Co.'s planned facility in Kumamoto Prefecture.


Chinese Communist Party woos next generation with comics

BEIJING -- Amid the ongoing celebrations of its centennial, China's ruling Communist Party is turning to comic books to capture the hearts and minds of its children.


Asia must join effort to apply sustainability disclosure standards

Erkki Liikanen, a former governor of the Bank of Finland, is chair of the IFRS Foundation Trustees. Ashley Alder is CEO of the Hong Kong Securities and Futures Commission, and board chair of the International Organization of Securities Commissions.