Alibaba shares soared by more than six percent on Friday following reports that Chinese President Xi Jinping was poised to meet with the tech juggernaut’s co-founder Jack Ma.Alibaba, which has already surged more than 40 percent in 2025, piled on 6.3 percent after also being given an extra leg-up Thursday when its chairman said it …
Alibaba shares soar on reports of potential Xi meeting with Jack Ma Read More »
The Japanese government said Friday it will release a fifth of its emergency rice stockpile after hot weather, poor harvests and panic buying over a “megaquake” warning nearly doubled prices over a year.Japan has previously tapped into its reserves to cope with disasters, but this marked the first time since the stockpile was built in …
Japan to release emergency rice reserves to fight runaway inflation Read More »
Taiwan will boost investment in the United States and on its own defences, President Lai Ching-te said Friday, as Taipei seeks to head off US President Donald Trump’s threats of tariffs on its semiconductor chips. The self-ruled island is a global power in the manufacturing of chips, which are used in everything from smartphones to missiles …
Taiwan’s Lai vows more investment in US as chip tariffs loom Read More »
Asian markets mostly rose Friday in line with a rally on Wall Street as traders were buoyed by news that Donald Trump’s latest, sweeping reciprocal tariffs would not likely be implemented until April, giving time for negotiations.The president has unveiled a range of hardball measures to bring an end to what he says is years …
Most Asian stocks rise as US tariffs give breathing space Read More »
Major stock markets mostly rose Thursday on hopes for an end to the war in Ukraine and as US President Trump announced a trade policy shake-up but held off on specific new levies. London was a rare faller owing to sharp losses to share prices of big companies, including Unilever, Barclays and British American Tobacco, on …
Stocks mostly up on Ukraine peace hopes, shrugging off latest US tariff talk Read More »
Honda and Nissan on Thursday announced the scrapping of merger talks that would have created the world’s third-biggest auto company by unit sales behind Toyota and Volkswagen.Here are some key points about why the Japanese companies explored a tie-up, the reasons for their failure, and where this leaves them in a difficult global auto industry.- What …
Japanese auto giants Honda and Nissan confirmed on Thursday they had scrapped merger talks that would have created the world’s third-largest automaker by unit sales.The bid to join forces had been seen as an effort to catch up with US titan Tesla and Chinese firms in the electric vehicle market, as well as providing a …
China began construction last year on projects with the greatest combined coal power capacity since 2015, jeopardising its goal to peak carbon emissions by 2030, according to a report published on Thursday.The world’s second-largest economy is the biggest emitter of the greenhouse gases that drive climate change but is also a renewable energy powerhouse. It …
China’s 2024 coal projects threaten climate goals: report Read More »
Japanese entertainment and electronics giant Sony upgraded its annual net profit forecast to $7.0 billion on Thursday thanks to its strong gaming business.The conglomerate said it now expects a net profit of 1.08 trillion yen in the year ending March 31, compared with an earlier projection of 980 billion yen.It also lifted its annual sales …
Sony hikes profit forecast on strong gaming business Read More »
Asian markets mostly rose Thursday and oil prices extended losses as forecast-topping US inflation was overshadowed by hopes for an end to the Ukraine war after news Donald Trump and Russia’s Vladimir Putin had discussed peace talks.The US president said he expected to meet his Russian counterpart in Saudi Arabia “in the not too distant …
Asian stocks rise, oil falls as Trump fans Ukraine peace hopes Read More »
