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ASML shares slumped 16% on Tuesday after third-quarter figures were mistakenly released earlier than scheduled.
BUSINESS / Companies
Oct 16, 2024

ASML shares plunge as bookings miss signals chipmaker woes

Its 16% tumble — the biggest decline since 1998 — also triggered a broad downturn in chip-related stocks.
The Saudi Aramco logo at the Hyvolution exhibition in Paris on Feb. 1
BUSINESS / Companies
Oct 16, 2024

Aramco cancels Saudi chemical project as it focuses on Asia

Aramco is pursuing a series of deals in China that would guarantee long-term demand for Saudi crude.
The Bank of Japan headquarters in Tokyo
BUSINESS / Economy
Oct 16, 2024

Bank of Japan policymaker calls for 'very moderate' pace of rate hikes

There are doubts about whether Japanese firms will keep sufficiently raising wages next year due to lingering global risks.
Rengo President Tomoko Yoshino
BUSINESS
Oct 17, 2024

Big wage increase sought by Japan’s largest union slightly underwhelms

For the 2025 spring wage negotiations, the Japanese Trade Union Confederation is aiming for a wage hike of "over 5%," the same goal as this year.
The Taiwan Semiconductor Manufacturing Co. logo at the TSMC Museum of Innovation in Hsinchu, Taiwan, on May 29. Analysts say TSMC's longer-term outlook, which hinges on demand for the high-end chips used to train and host artificial intelligence models, should remain intact.
BUSINESS / Tech
Oct 17, 2024

TSMC bulls expect strong results to support record-high shares

TSMC is seen as more resilient than its key equipment supplier, ASML Holding, whose outlook cut sparked a slide in global chip stocks.
The Bank of Japan’s historic shift this year from radical monetary easing to two interest-rate hikes has sparked volatility in the nation’s securities market as investors speculate on the BOJ’s next move.
BUSINESS / Markets
Oct 17, 2024

Japan Post Insurance markets chief sees Nikkei setting new records after votes

The Nikkei's all-time high, set in July, will probably be "just a passing point,” said Kenichi Kuga, head of global equity and fixed income investment.
Washing stations at a hot spring bath at Hoshinoya Tokyo, operated by Hoshino Resorts, in Tokyo
BUSINESS / Companies
Oct 18, 2024

Luxury Japan hot springs brand to open first U.S. location in New York state

The president of Hoshino Resorts had made it his personal goal to bring Japanese hot spring resorts to North America.
Gantry cranes at the Yantian International Container Terminals in Shenzhen, China, on April 15
BUSINESS / Economy
Oct 21, 2024

World economy fault lines shift from prices to politics and debt

The U.S. presidential election, soaring government debt and the escalating conflict in the Middle East all hang over the global economic outlook.
Mark Karpeles, the former CEO of Mt. Gox, speaks at the Foreign Correspondents' Club of Japan on Oct. 11.
BUSINESS / Markets
Oct 21, 2024

The unsinkable Mark Karpeles is willing to give Tokyo another shot

The former CEO of Mt. Gox, which once processed the majority of bitcoin transactions globally before it blew up in 2014, is looking to set up shop in Japan again.
Komainu, the cryptocurrency custodian backed by Nomura Holdings, is buying Singaporean rival Propine Holdings.
BUSINESS / Companies
Oct 22, 2024

Nomura-backed crypto custodian Komainu makes first acquisition

Komainu will also apply for a so-called Major Payment Institution license in Singapore, which will allow the firm to fully offer payment services.
James Gorman, who was named to the Disney board this year and later put in charge of succession planning, will become Disney’s chairman on Jan. 2, 2025, the company said.
BUSINESS / Companies
Oct 22, 2024

Disney taps Morgan Stanley's Gorman as chair and will name CEO Iger's replacement in 2026

Morgan Stanley veteran James Gorman will become chairman of Disney's board on Jan. 2, and will lend a helping hand in the decision-making process.
Asako Osaki attends the 68th session of the Commission on the Status of Women, in New York in March.
BUSINESS / WOMEN AT WORK
Nov 3, 2024

How global lessons can improve prospects for women in rural Japan

Through motherhood, education and work, Asako Osaki worked to bring global standards to the front lines of gender issues.
Apple CEO Tim Cook
BUSINESS / Companies
Oct 22, 2024

Apple CEO Tim Cook’s other job: Helping Nike turn things around

Cook has carved out a role as one of Nike’s closest outside advisers over the last 19 years and is the company’s lead independent director.
Abercrombie & Fitch chairman and CEO Mike Jeffries addresses stockholders during the company's annual meeting at the company's headquarters in New Albany, Ohio, on May 22, 2003.
BUSINESS / Companies
Oct 23, 2024

Former Abercrombie & Fitch CEO Mike Jeffries charged with sex trafficking

If convicted, Jeffries faces a possible life sentence and mandatory minimum 15-year prison terms for the sex trafficking charges.
Trump has threatened blanket 60% tariffs on China, forcing some companies to consider shifting their supply chains to Southeast Asia.
BUSINESS
Oct 23, 2024

China's exporters run for cover as U.S. election nears

A Trump trade war 2.0 would be a moment of reckoning for many Chinese exporters, whose profits are dwindling under heavy deflationary pressure.
Taiwanese chipmaker Taiwan Semiconductor Manufacturing Co. has halted shipments to a client after discovering semiconductors delivered to them found their way into Huawei products.
BUSINESS / Tech
Oct 24, 2024

TSMC cuts off client after discovering chips sent to Huawei

It’s unclear whether the TSMC client was acting on Huawei’s behalf, or where it’s based.
The Tokyo Stock Exchange. Rigaku Holdings' shares fell on debut, even after the results of its offering suggested that investors still have an appetite for big Japanese stock deals in a busy primary market.
BUSINESS / Companies
Oct 25, 2024

Rigaku shares fall 10% in market debut after IPO priced at the top

Rigaku shares closed at ¥1,130 after the initial public offering had been priced at the top end of a ¥1,230 to ¥1,260 indicative range.
A custom-made split keyboard at Yusha Kobo.
BUSINESS / Companies
Oct 29, 2024

Make a one-of-a-kind mechanical keyboard at this Akihabara shop

At Yusha Kobo, customers pick switches, keycaps and all the other components needed to fashion one-of-a-kind keyboards that meet their exacting needs.
Traffic in the Yeouido financial district of Seoul
BUSINESS / Companies
Oct 30, 2024

Ex-Goldman banker-turned-billionaire takes on South Korea’s chaebol

While private equity’s involvement in South Korea's economy has grown over the last two decades, few have taken on the powerful, family-run conglomerates.
The Xiaomi SU7 Ultra on stage during its launch in Beijing on Tuesday. The Chinese tech company made its foray into the EV industry earlier this year.
BUSINESS / Companies
Oct 30, 2024

Xiaomi launches faster version of flagship EV in a challenge to Tesla

Xiaomi entered China's crowded EV market in March with the launch of its hit SU7.
The number of female directors among firms in the Tokyo Stock Exchange’s prime market will need to more than double in the next six years to meet the government target of having women make up 30% of board members at major firms by 2030.
BUSINESS / Companies
Oct 31, 2024

Rush for female directors stumbles on weak pipeline in Japan

With almost no women rising to become internal directors, companies will have no choice but to recruit them from outside.
Republican Presidential Nominee Donald Trump
BUSINESS / Markets
Oct 31, 2024

Trump factor bringing uncertainty to Asian firms' U.S. investment outlook

The former president has criticized the Inflation Reduction Act as a "scam” and the CHIPS and Science Act as a bad deal.
Nomura Holdings said it paid the penalty on Thursday and apologized to clients and concerned parties.
BUSINESS / Companies
Oct 31, 2024

Nomura fined by Japan regulator for bond market manipulation

The fine, while small, may hurt Nomura’s reputation at a time when it is refocusing on Japan as a key growth area for its trading and investment banking operations.
A subcommittee of Japan's Fiscal System Council proposed Friday that the government provide efficient support over multiple years to the sector, which is growing in importance from the perspective of economic security.
BUSINESS / Tech
Nov 2, 2024

Japan panel calls for medium-term chip sector aid strategy

The subcommittee said the government provide efficient support over multiple years to the sector, which is growing in importance.
The IFC One Saigon building in Ho Chi Minh City, Vietnam, on Nov. 30, 2023
BUSINESS / Tech
Nov 4, 2024

U.S. tech firms issue warning over Vietnam's planned data law

The country is aiming to exponentially increase its data center industry with foreign investment in coming years.
People line up outside an Apple store in Beijing on Sept. 20.
BUSINESS / Markets
Nov 4, 2024

Buffett keeps cutting Apple stake, with value down 60% this year

Berkshire cut its Apple holdings by roughly 25% in the period, after cutting it by almost half in the second quarter.
A screen showing the yen's exchange rate against the U.S. dollar in July
BUSINESS / Economy
Nov 5, 2024

Yen is the first of many Japanese assets set to pivot on U.S. election

Given the size and liquidity of its markets, Japan will be in particular focus during the U.S. election.
In the April-September period, Nintendo logged net profit of ¥108.7 billion ($710 million), down 60% from the same period a year earlier.
BUSINESS / Companies
Nov 5, 2024

Nintendo lowers sales forecast as first-half profits plunge

The video game giant now expects sales of ¥1.28 trillion, down from the previous estimate of ¥1.35 trillion, and also issued a less optimistic operating profit forecast.
Seiji Izumisawa, the CEO of Mitsubishi Heavy Industries, said at a briefing that while currency fluctuations and inflation make the future unpredictable, strong order intakes are encouraging.
BUSINESS / Companies
Nov 5, 2024

Mitsubishi Heavy net income falls, but orders still solid

Shares in the company fell 2.5% Tuesday after it reported that net income for the June-September period failed to meet analysts’ average estimate.
The film character Godzilla poses on the red carpet during a ceremony to receive a star on the Hollywood Walk of Fame in Hollywood, California, in November 2004.  
COMMENTARY
Nov 6, 2024

After nearly three-quarters of a century, Godzilla’s monstrous empire is thriving

The famed Japanese monster went from serious metaphor for nuclear destruction to a kitschy pop culture icon.

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Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?