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Analysis: Trump factor limits diplomatic outcome of Xi’s outreach to Modi
Economy

Analysis: Trump factor limits diplomatic outcome of Xi’s outreach to Modi

Tensions between Narendra Modi and Xi Jinping linger, with Xi wanting to leverage a strong partnership with New Delhi against the U.S., and Modi wary of just that. (Nikkei montage/Source photo by Reuters) New Delhi fears annoying Washington if it is seen cozying up to Beijing Katsuji Nakazawa is a Tokyo-based senior staff and editorial writer at Nikkei. He spent seven years in China as a correspondent, and later as China bureau chief, and was the 2014 recipient of the Vaughn-Ueda International Journalist prize.

1 in 4 listed Chinese companies post losses as AI, rest of economy diverge
Economy

1 in 4 listed Chinese companies post losses as AI, rest of economy diverge

Real estate groups, carmakers can't escape domestic demand slump Chinese chipmaker CXMT benefited from an AI tailwind to swing to a net profit in the first half of the year. © AP HONG KONG -- A quarter of China-listed companies logged net losses in the first half of this year despite overall net profit growth of around 20% in the group, with chipmakers surging on artificial intelligence-related demand while other sectors slumped.

Bain-backed group raises offer for Japan’s Kakaku.com, challenging EQT
Economy

Bain-backed group raises offer for Japan’s Kakaku.com, challenging EQT

US private equity firm teams with LY in bid for restaurant site operator EQT has already started its tender offer for Kakaku.com (Photo by Ryuta Minamihata) TOKYO -- The operator of the Line messaging app and web portal Yahoo Japan, along with U.S. private equity firm Bain Capital, said on Wednesday that they will raise the price of their proposed tender offer for Japan's Kakaku.com, which runs the popular restaurant booking site Tabelog.

The US needs a data strategy for the AI era, but should not copy China
Economy

The US needs a data strategy for the AI era, but should not copy China

Creating a competitive edge lies in making information usable and shareable Staff work in the data room at JD.com's headquarters in Beijing: U.S. policymakers are looking to China for clues to develop a data strategy for the AI era. © Reuters Ran Guo is J.D. candidate at Harvard Law School and an affiliated researcher at the Asia Society Policy Institute's Center for China Analysis (CCA). Lizzi C. Lee is a fellow at CCA, where she leads the economics and technology pillar.

Fujifilm breaks into top 3 digital camera makers, buoyed by female fans
Economy

Fujifilm breaks into top 3 digital camera makers, buoyed by female fans

Women customers make up 40% of high-end X camera buyers last year Fujifilm surpassed Nikon on global digital camera shipment volume last year. (Source photos by Nikkei) TOKYO -- Fujifilm has cracked the top three in digital camera shipments, an achievement that can be traced to the company's efforts to reintroduce the joy of taking quality photographs to the smartphone generation.

Malaysia’s UMNO rattles Anwar but lacks path out of coalition
Economy

Malaysia’s UMNO rattles Anwar but lacks path out of coalition

Former dominant ruling group seeks comeback ahead of general election Malaysian Deputy Prime Minister Ahmad Zahid Hamidi, center, and members of his United Malays National Organization (UMNO) call for solidarity during the party's annual assembly in Kuala Lumpur on Sept. 12. (Photo by Norman Goh) KUALA LUMPUR -- The United Malays National Organization, a political group that governed Malaysia for six decades until 2018, is seeking a comeback ahead of the next election, rattling Prime Minister Anwar Ibrahim despite being a part of his government coalition.

Tokyo Game Show sees sharp drop in China exhibitors as ties worsen
Economy

Tokyo Game Show sees sharp drop in China exhibitors as ties worsen

Mainland and Hong Kong exhibitors plunge by over 40% despite record total turnout The Tokyo Game Show gets underway in Chiba, Japan, on Sept. 17. Participation by Chinese and Hong Kong exhibitors has declined from last year amid a deterioration in Japan-China relations. (Photo by Yuki Kohara) CHIBA, Japan/HONG KONG -- The Tokyo Game Show kicked off on Thursday with a record number of exhibitors, although participation from China and Hong Kong has fallen more than 40% from last year amid worsening relations between Tokyo and Beijing.

Japan trading house lobby chief urges stronger yen despite sector windfall
Economy

Japan trading house lobby chief urges stronger yen despite sector windfall

Okafuji welcomes Berkshire Hathaway's intention to buy more trading houses' shares Masahiro Okafuji, chairman of the Japan Foreign Trade Council as well as chair and CEO of Itochu, urges a stronger yen for the good of Japan. (Photo by Shintaro Ino) TOKYO -- The Japanese yen needs to strengthen further for the good of the country, the chairman of the industrial body representing Japan's trading companies said Wednesday, despite the industry standing to benefit from a weaker currency.

UK eyes role in Vietnam infrastructure boom with $2.5bn metro financing
Economy

UK eyes role in Vietnam infrastructure boom with $2.5bn metro financing

British export credit agency plans support for Ho Chi Minh City airport rail link Ho Chi Minh City commuters skip the megacity's traffic jams by taking a new metro train line. (Lien Hoang) HO CHI MINH CITY -- UK Export Finance (UKEF), Britain's export credit agency, is planning up to $2.5 billion in financing to help Ho Chi Minh City extend its metro line to Long Thanh International Airport, Nikkei Asia has learned.

Japan Air Self-Defense Force confirms Global Hawk drone crash
Economy

Japan Air Self-Defense Force confirms Global Hawk drone crash

Investigation team dispatched to help identify cause of accident A Global Hawk unmanned reconnaissance drone is displayed at the Japan Air Self-Defense Force Misawa Air Base on Sept. 8, 2024. (Photo by Konosuke Urata) TOKYO -- The Japan Air Self-Defense Force (JASDF) confirmed Wednesday that its Global Hawk RQ-4B unmanned surveillance drone crashed following loss of ground contact, after photographs of floating debris discovered off the coast of western Japan's Tottori prefecture were identified as belonging to the aircraft.

Grab accelerates fintech expansion through acquisitions
Economy

Grab accelerates fintech expansion through acquisitions

$1.49bn Atome deal aims to grow 'nascent' consumer lending business, CEO says Grab's acquisition of buy-now-pay-later service Atome Financial is the Singaporean company's largest in financial services. (Source photos by Reuters and Advance Intelligence Group's website) SINGAPORE -- Grab is relying more heavily on acquisitions to expand its financial business, as the company expects the sector to become a key profit driver as it faces pressures on its other businesses.

Hong Kong unveils first-ever five-year plan to align goals with Beijing
Economy

Hong Kong unveils first-ever five-year plan to align goals with Beijing

Chief Executive John Lee delivers closely watched policy address, the last of his term Hong Kong Chief Executive John Lee introduces the city's first five-year plan and delivers his annual policy address at the Legislative Council on Sept. 16. © Reuters HONG KONG -- Hong Kong's Chief Executive John Lee on Wednesday unveiled the city's debut five-year plan, as policymakers in the Asian financial hub strive to align its development priorities with those of Beijing.