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13.09.2024 7:50
Bangladesh pushes 'groundbreaking' reforms after Hasina exit - Nikkei Asia DHAKA -- Bangladesh's caretaker government is launching a "groundbreaking" overhaul of its electoral system, judiciary and other key institutions in a major reform push after Prime Minister Sheikh Hasina was ousted in a student-led uprising.The plan unveiled late Wednesday by Muhammad Yunus, the Nobel Prize-winning head of the caretaker government, was embraced in some quarters, just over a month after Hasina fled in the face of social unrest and protests that left more than 600 dead and thousands more injured.

13.09.2024 8:14
Japan scrambles jets as Russian aircraft circle country Earlier this week, Russian and Chinese warships began joint drills in the Sea of Japan. The drills are part of a major naval exercise that Russian President Vladimir Putin has described as the largest of its kind in three decades.

13.09.2024 9:17
Foreign investors lukewarm on China stocks despite Fed rate cut buzz - Nikkei Asia HONG KONG -- Investors are positioning for a potential rate cut by the U.S. Federal Reserve next week, eyeing market opportunities from Japan to the Philippines. Experts say China's market, however, is less likely to benefit from a U.S. policy change as its slower-than-expected economy weighs on sentiment.After Fed Chair Jerome Powell's remarks in late August at the Jackson Hole symposium, where he signaled policy adjustments including rate cuts, market players including Goldman Sachs, Morgan Stanley and BNP Paribas expect the first move could come as soon as the central bank's Sept. 17 to Sept. 18 meeting. Most expect a cut of between 25 and 50 basis points.

13.09.2024 9:53
Japan's ruling LDP begins prime minister race: 5 things to know - Nikkei Asia TOKYO -- Japan's ruling Liberal Democratic Party (LDP) officially announced the start of its two-week presidential race on Thursday to pick the largest political party's next leader to succeed Prime Minister Fumio Kishida. Voting and ballot counting are slated for Sept. 27.The winner of the election will be appointed Japan's 102nd prime minister at the Diet, where the party holds the most seats in both the upper and lower houses. The next session of parliament is expected to convene in early October.

13.09.2024 10:27
China's foldable phone rush to boost local display makers - Nikkei Asia SHANGHAI -- A flood of foldable smartphones released by Chinese companies will help boost local display makers' market share in the segment to over 50% this year, according to U.K. market researcher Omdia.The rapid rise of Chinese display makers in the foldable market underscores the threat to South Korea's Samsung Electronics and its display arm, which are struggling to make inroads in China, as well as to iPhone maker Apple, which has yet to enter the segment.