1st days in Japan as purchasing manager: Saha Group chairman's story (7)
Boonsithi Chokwatana is the Chairman of Saha Group, Thailand's leading consumer products conglomerate. This is part 7 of a 30-part series.
In the spring of 1954, a Pan American Airways plane took off from Bangkok and brought me to Hong Kong in six hours. I spent a week in the city, where Saha Pathanapibul already operated an office. During the week, my father bought me suits, shoes and other things a businessman needs.
Air travel from Hong Kong to Tokyo took 1
China Evergrande cancels plan for special dividend
HONG KONG -- The board of China Evergrande Group decided Tuesday to abandon a plan to declare a special dividend after a backlash from investors and banks, sending shares in the world's most indebted developer sharply lower.
Evergrande shares sank 11.3% during the morning trading session in Hong Kong to HK$5.95, a four-year low. The stock has declined more than 40% during July alone.
Adding to the pressure, S&P Global Ratings cut Evergrande's credit
Coronavirus latest: China reports 71 new cases as delta hits Nanjing
Nikkei Asia is tracking the spread of the coronavirus that was first detected in the central Chinese city of Wuhan.
Cumulative global cases have reached 194,637,187, according to Johns Hopkins University in Baltimore. The worldwide death toll has hit 4,166,145.
For more information about the spread of COVID-19 and the progress of vaccination around the world, please see our interactive charts and maps.
-- Global coronavirus tracker charts
-- Status of
SK Hynix Q2 profit doubles amid strong memory chip demand
SEOUL -- Operating profit at South Korea's SK Hynix doubled in the second quarter from the previous three-month period on strong demand for memory chips amid the coronavirus pandemic.
The world's second-largest memory chipmaker said Tuesday that its operating profit jumped 103% to 2.7 trillion won ($2.3 billion) in the April-June period from January-March, driven by stronger-than-expected demand for DRAM and NAND chips. Revenue soared 22% to 1
Intel sets 2025 goal to regain chip crown from TSMC and Samsung
TAIPEI -- Intel said on Tuesday it will make the world's most advanced semiconductors by 2024 and regain the global chipmaking crown from Asian rivals Taiwan Semiconductor Manufacturing Co. and Samsung Electronics the following year.
The company also said it has reached an agreement to use new technology to make mobile chips for Qualcomm -- a key customer of Samsung and TSMC -- marking Intel's first major win in the so-called foundry business, or making chips for other companies.
Intel, the biggest U
Olympics latest: Russians top US and China in men's backstroke
TOKYO -- The Tokyo Olympics have finally opened after a long journey filled with controversy, and an unprecedented one-year postponement because of the COVID-19 pandemic.
The proceedings officially began with Friday's opening ceremony at the National Stadium , a mostly subdued affair mixed with joyous moments like a high-tech drone show, and capped by tennis star Naomi Osaka lighting the Olympic cauldron.
We're tracking the latest medal count .
Read our breakdown of the events to watch .
Here are the latest developments:
Coronavirus latest: New York to require jabs or weekly tests for city workers
Nikkei Asia is tracking the spread of the coronavirus that was first detected in the central Chinese city of Wuhan.
Cumulative global cases have reached 194,637,187, according to Johns Hopkins University in Baltimore. The worldwide death toll has hit 4,166,145.
For more information about the spread of COVID-19 and the progress of vaccination around the world, please see our interactive charts and maps.
-- Global coronavirus tracker charts
-- Status of
Suga's approval rating plunges toward point of no return
TOKYO -- Japanese Prime Minister Yoshihide Suga's approval rating reached record depths across the board in July polls, entering into territory that for most has foreshadowed an end to their time in office.
Approval of Suga's cabinet sank 9 percentage points from June to 34% in a weekend Nikkei/TV Tokyo poll -- the worst rating for a Japanese leader in nine years.
An especially big hit came from a resurgence in daily coronavirus infections that triggered a fourth state of emergency in the capital region ahead of
South Korea logs fastest GDP growth in decade at 5.9% for Q2
SEOUL -- South Korea's economy grew 5.9% on the year in the second quarter of 2021, as a recovery in private consumption and the government's aggressive expenditure led the way.
The Bank of Korea announced the country's gross domestic product for April-June on Tuesday, highlighting an increase in private consumption of both goods and services as the pace of COVID-19 vaccinations accelerated. The government also raised its outlays to support the economy.
The year-on-
Tesla makes record profit despite China headwind and chip crunch
PALO ALTO, U.S. -- Tesla reported record profit for the second quarter on Monday, defying supply challenges and headwinds in China.
For the three months ended June, Tesla reported $11.96 billion in revenue, up 98% year over year. The Elon Musk-led EV maker registered a record net profit of $1.14 billion in the quarter, nearly ten times the $104 million during the same period last year. It is the first time Tesla