South Korea will join its largest companies including Samsung Electronics Co. to pour some $422 billion into areas such as chips and electric vehicles in its most aggressive effort yet to win a heated global race for tech supremacy.
Toyota Motor Corp. will adopt a more flexible and merit-based approach to rewarding and promoting employees, as the return of inflation in Japan triggers a wider reckoning around long-stagnant wages.
Chinese citizens are stocking up on antiviral flu drugs, sending e-commerce sales volume up over 100-fold from a year ago, as a spike in infections triggers panic and hoarding following the country’s chaotic exit from the Covid-19 pandemic.
ByteDance Ltd. was valued at around $220 billion in a recent private-market investment by Abu Dhabi AI firm G42, a significant discount to the $300 billion that TikTok’s owner set during a recent share buyback program.
China injected the biggest amount of cash to its financial system in more than two years via medium-term loans, as a surge in demand for credit as the economy recovers boosted the risk of a liquidity squeeze.
New Zealand’s credit grades with S&P Global Ratings could come under pressure if the nation’s current account deficit remains too big.
Australia has embarked on a diplomatic campaign to ease regional concerns over its acquisition of a fleet of nuclear submarines under the Aukus agreement, as Malaysia warned against potentially unleashing an “arms race” in the Asia-Pacific.
The Federal Reserve is considering changes to its oversight of midsized banks following the collapse of three lenders in the past week, according to a person familiar with the matter.
China property bulls are looking past what’s likely another disastrous earnings season for the nation’s embattled developers, betting on a recovery as green shoots emerge in sales.
A collapsed A$30 billion ($20 billion) project to export Australian renewable energy to Singapore has received initial takeover offers from multiple bidders.
