Your Week in Asia
Microsoft's boss in Southeast Asia, China PMI, Japan's Kishida at OECD
Your weekly lineup of Asia's biggest business and political events
Companies
Technology
Tokyo startup devises AI system to help with endoscopic surgery
Health ministry gives nod to product now in practical use
Food & Beverage
Japan's Sushiro parent opens first U.S. sushi restaurant in Boston
Food & Life looks to capitalize off growing appetite for authentic, affordable sushi
Automobiles
Honda goes all in on EVs in U.S., Canada despite slowdown worries
Hybrid cars and motorcycles to help pay for $11bn supply chain buildup
Automobiles
VinFast CEO to inject $1bn of personal wealth into Vietnam EV maker
Vingroup founder Vuong to prop up automaker as costs mount
China debt crunch
China's distressed property developers reveal wave of job cuts
Defaulted companies carry out double-digit reductions as revenues fall, debts pile up
Automobiles
Toyota to invest $1.4bn to bolster EV output in U.S.
Factory in Indiana to start making electric SUVs in 2026
Technology
Japan's NTT Data set to tap tech chief as president amid digital push
Yutaka Sasaki played key role in business focused on AI and internet of things
IPO
Vietnam's Masan Group weighs IPO for consumer unit
Debut could raise over $1bn as CEO eyes overseas expansion
Companies
Japan's NTT Docomo picks former Recruit employee as new president
Appointment marks turning point as company looks beyond telecommunications
Semiconductors
Japan's Renesas learns to weather downturns in semiconductors
Chipmaker maintains high profit margin via acquisitions and inventory controls
Commodities
BHP makes $39bn bid for Anglo American amid copper rush
Australian miner proposes takeover to tap demand in EVs, renewables
Energy
Soros family fund among investors in Japan electricity exchange startup
Enechain aims to stabilize wholesale prices to spur new entrants into retail market
Automobiles
Hyundai Motor Q1 profit falls as EV demand weakens
Automaker says it is responding to market trends with more hybrids
Business deals
Toyota teams up with Tencent for drive into China's EV market
Two companies to work together on AI and cloud computing for electric cars
Automobiles
Beijing auto show welcomes world as China's carmakers aim to conquer it
Return of exhibition comes as brutal price war, export friction drive overseas production
Semiconductors
SK Hynix returned to profit in Q1 on AI chip leadership
South Korean chipmaker to expand production capacity as demand expected to rise further
Insurance
Japan insurers to halve bond purchases, awaiting next BOJ hike
Industry leaders turn to alternative assets to lift returns in meantime
Markets
Nidec faces market pressure as founder rips 'unfair' China EV war
Investors picking winners, such as suppliers related to charging facilities
Finance
India central bank bars Kotak Mahindra from taking new online clients
Fourth largest private lender failed to address 'significant' IT concerns, RBI says
Property
Philippine SM Group to invest $2bn in 2024, boost property segment
Bouyed by healthy consumer business, conglomerate to expand capex by 40%
Companies
Tony Fernandes to remain AirAsia parent CEO for another 5 years
Capital A chief defers retirement plan to 'ensure we survive'
Defense
North Korean hackers target South's defense sector, police say
Investigators cite 'more elaborate, more varied methods' to steal technology
Automobiles
Tesla profit falls nearly 50% as demand and China headwinds persist
Musk said EV maker has done relatively better than Chinese rivals and will launch cheaper models
Business deals
U.S. Steel rival Cliffs slams Nippon Steel deal as historic 'fiasco'
Japanese buyer ignores objections from union workers, says Cliffs CEO