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South Korea to combine 5 utilities to prepare for AI, chip power demand
Economy

South Korea to combine 5 utilities to prepare for AI, chip power demand

Seoul also looks to streamline public corporations in oil, gas, ports South Korean President Lee Jae Myung holds a news conference in June. His economic growth strategy calls for investment in semiconductors, physical AI and large AI data centers. (Yonhap via Kyodo) SEOUL -- South Korea plans to integrate five public power companies in October 2027, hoping to speed investments that meet rising energy demands as the country's artificial intelligence and chipmaking sectors grow.

Delistings from Tokyo bourse to hit record for 3rd straight year
Economy

Delistings from Tokyo bourse to hit record for 3rd straight year

Several companies tap funds to go private or fall short of tougher listing requirements Delistings from the Tokyo Stock Exchange will mark a record high for the third straight year in 2026. (Photo by Nikkei) TOKYO -- A record number of companies will delist from the Tokyo Stock Exchange for the third consecutive year, as some partner with investment funds to go private while others fail to meet tougher standards for remaining listed.

The path to 2075: global growth to slow, while Asia continues to rise
Economy

The path to 2075: global growth to slow, while Asia continues to rise

Indonesia seen as top 5 economy by 2050; population increase a tailwind for Pakistan Indonesia is expected to displace Brazil and Russia in economic size. A drone view shows residential areas and high-rise buildings in Jakarta on May 5. © Reuters Kevin Daly is Goldman Sachs co-head of economics for Central and Eastern Europe, the Middle East and Africa.

Toyota aims to boost profit outside auto sales 40% by fiscal 2030
Economy

Toyota aims to boost profit outside auto sales 40% by fiscal 2030

Japanese automaker eyes software updates as key earnings driver Toyota remodeled its RAV4 as a software-defined vehicle in 2025. The automaker hopes to generate more profits from software services and operations other than selling new cars. (Photo by Azusa Kawakami) NAGOYA, Japan -- Toyota Motor hopes to increase operating profit from sources other than new-car sales, such as software updates and vehicle leasing, by about 40% to reach 3 trillion yen ($19.2 billion) in fiscal 2030, Nikkei has learned.

South Korea’s ETF boom loses steam as investors tire of volatility
Economy

South Korea’s ETF boom loses steam as investors tire of volatility

Since late May, the single-stock leveraged ETF following SK Hynix has dropped to one third of its initial value, while another one tracking Samsung Electronics has lost half of its value. (Nikkei montage/Source photos by Yuki Nakao and Reuters) Single-stock funds issue sparks political controversy over claims it harmed investors' assets SEOUL -- The South Korean stock market, which has been rocked in recent months by wild swings between euphoria and despair, is beginning to affect the political arena. At the center of it all is a single-stock leveraged exchange-traded funds (ETFs), which debuted about three months ago.

US and China eye Trump-Xi talks on AI guardrails despite tech rift
Economy

US and China eye Trump-Xi talks on AI guardrails despite tech rift

Silicon Valley insiders float ideas but skepticism over cooperation persists A Chinese honor guard prepares to welcome U.S. President Donald Trump to Beijing on May 14. Chinese President Xi Jinping is due to visit Washington later this month. © Reuters NEW YORK/PALO ALTO, California -- The U.S. is poised to raise artificial intelligence safety concerns with China during the upcoming summit between the countries' top leaders, according to sources familiar with the preparations, opening a window for dialogue despite the superpowers' technological rivalry.

Bangladesh PM spurns Delhi BRICS summit amid new diplomatic approach
Economy

Bangladesh PM spurns Delhi BRICS summit amid new diplomatic approach

Dhaka makes overtures to Mecca Pact countries, as India ties downplayed Prime Minister Tarique Rahman is engaging in a striking expansion of Bangladesh's diplomatic relations as he eyes membership of the new Mecca Joint Defence Agreement. (Photo by Ken Kobayashi) DHAKA -- A few weeks ago, New Delhi appeared to be preparing a ceremonial welcome for Bangladesh's new prime minister at a delicate moment in bilateral ties.

Thai PM Anutin, 1 year on, prioritizes Chinese capital to buoy growth
Economy

Thai PM Anutin, 1 year on, prioritizes Chinese capital to buoy growth

Tepid economy still tied to manufacturing and tourism, while scandals hurt government Thai Prime Minister Anutin Charnvirakul, center left, visits China in July. Thailand adopted language on Taiwan that is closer to Beijing's position during the trip. © Reuters BANGKOK -- As Thai Prime Minister Anutin Charnvirakul marks one year in office on Monday, he increasingly eyes Chinese investment to revive a sluggish economy that lags in advanced industries such as semiconductors.

Ho Chi Minh City delays low-emission zone rollout by 6 months
Economy

Ho Chi Minh City delays low-emission zone rollout by 6 months

Initial phase covers limited downtown area and only targets buses, garbage trucks A street in Ho Chi Minh City, pictured in October 2024. (Photo by Yuki Kohara) HO CHI MINH CITY -- Vietnam's most populous city has delayed the rollout of a low-emission zone that restricts gasoline-powered vehicles, giving residents and businesses more time to adjust before the new regulation takes effect.

BRICS Summit, Okinawa election, Philippines AI plan
Economy

BRICS Summit, Okinawa election, Philippines AI plan

Your weekly lineup of Asia's biggest business and political events A man walks in front of a hoarding featuring Indian Prime Minister Narendra Modi displayed ahead of the BRICS Summit in New Delhi, India, on Sept 3. © Reuters Leaders of India, Russia, China and other countries are set to meet in New Delhi for the BRICS Summit as New Delhi faces a balancing act between maintaining or improving ties with Moscow and Beijing without alienating Western partners. The expected presence of Chinese President Xi Jinping will be a litmus test of improved bilateral ties following a period of tension due to border clashes in 2020, although Indian businesses remain wary of reliance on the country's giant neighbor. Voters in Japan's southern Okinawa prefecture will head to the polls to vote for governor, with the race so far mostly reflecting the economic concerns that have colored Japanese politics in recent years amid rising inflation and the weak yen, rather than the issue of U.S. military bases that have typically defined the prefecture's elections. However, the outcome could still have geopolitical implications, given Okinawa's proximity to Taiwan.

Taiwan’s mortgage curbs squeeze middle class, spare cash-rich buyers
Economy

Taiwan’s mortgage curbs squeeze middle class, spare cash-rich buyers

Restrictions meant to cool overheated market result in longer loan screening times More buyers are reportedly paying with cash for high-priced properties in Taipei. (Photo by Tsukasa Hadano) TAIPEI -- Mortgage regulations imposed by Taiwan's central bank to cool the overheated housing market are having unintended side effects, as wealthy buyers increasingly pay in cash, keeping prices high while middle-income households face longer loan approval times and tighter lending standards.

Japan’s Kumamoto Airport plans flights to Thailand
Economy

Japan’s Kumamoto Airport plans flights to Thailand

International cargo operations also being expanded to cater to TSMC and Sony plants Kumamoto Airport aims to increase its international routes, with service to Thailand expected in three years. (Kyushu Kumamoto International Airport) KUMAMOTO, Japan -- The operator of the privatized Kumamoto Airport, on Japan's southernmost main island of Kyushu, plans to launch scheduled flights to Thailand in three years while exploring routes to Vietnam and other Southeast Asian destinations.