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17.09.2024 10:54
Singapore leads new finance system to speed ASEAN decarbonization - Nikkei Asia SINGAPORE -- Singapore is promoting a new type of finance that supports the early closure of coal-fired power plants in Southeast Asia, hoping to encourage decarbonization in neighboring countries while also developing the city-state's capital market.Called transition credit, it is based on the amount of carbon emissions reduced by closing coal-fired plants early. The Monetary Authority of Singapore, the financial regulator, is leading this initiative and working with companies and financial institutions to establish the necessary systems.

17.09.2024 10:57
Mars meteorite found in Antarctica to feature at 2025 Osaka Expo A "Mars rock" discovered in Antarctica by a Japanese research team will be displayed to the public for the first time at the 2025 World Expo in Osaka, the government said Tuesday. Found in 2000 by Japan's National Institute of Polar Research, the meteorite was determined to have been thrown into space by an asteroid impact on the Martian surface. Read full story here

17.09.2024 12:31
China-Pakistan defense ties threatened by new U.S. sanctions - Nikkei Asia MANSEHRA, Pakistan -- Fresh U.S. sanctions on Chinese ballistic missile suppliers are threatening to disrupt Pakistan's defense ties with Beijing, entangling Islamabad in the superpowers' tense rivalry, analysts said.Last week, the U.S. State Department imposed sanctions on the Beijing Research Institute of Automation for Machine Building Industry for what it said was the company's moves to procure equipment for testing Pakistani rocket motors.

17.09.2024 12:53
Sumo: Injury-plagued Takakeisho to decide whether to quit or continue Injury-plagued former ozeki Takakeisho will likely decide during the ongoing Autumn Grand Sumo Tournament whether he retires or continues to wrestle, his stablemaster Tokiwayama said Tuesday. The 28-year-old Takakeisho, currently a sekiwake, withdrew on Sept. 10, the third day of the 15-day event at Tokyo's Ryogoku Kokugikan, because of cervical disc herniation. Read full story here

17.09.2024 13:17
Australia secures trade deal with UAE, eyes cash for critical minerals - Nikkei Asia SYDNEY -- Australia wants investments from United Arab Emirates' sovereign wealth funds to boost its critical minerals sector, Trade Minister Don Farrell said on Tuesday after announcing the countries had completed a trade deal.Farrell said the pact, which has faced opposition from trade unions concerned about labor conditions in the Middle Eastern monarchy, is expected to boost exports by 678 million Australian dollars per year and would open the door to more investment from the oil and gas rich-state.

17.09.2024 13:24
Nikkei Stock Index 300 to add Japan Post Bank and 2 others - Nikkei Asia TOKYO -- Nikkei will replace three of the constituent stocks of the Nikkei Stock Index 300, or Nikkei 300, after its annual review, the index provider said on Tuesday.Chudenko, Canon Marketing Japan and Tokyo Century will be removed from the index, while Maruwa, Japan Post Bank and SoftBank Corp. will be added on Oct. 1, Nikkei said.For more details, please visit the Nikkei indexes website.

17.09.2024 13:29
Vietnam to rebuild key bridge in wake of devastating super typhoon - Nikkei Asia HO CHI MINH CITY -- Vietnam has ordered the reconstruction of a key bridge ripped down in a super typhoon that left 281 dead, caused a total of more than $1 billion in damage and wiped out an entire hamlet.Northern Phu Tho province must "urgently coordinate" with the nation's transport ministry and others who will arrange funds for the bridge over the Red River, the government said late on Monday. The structure, seen collapsing in harrowing videos that show drivers tumbling with it, has become emblematic of the worst storm to hit Vietnam in 70 years.

17.09.2024 13:34
Japan sees sharpest rise in land prices since 1992 on inbound tourism The average overall price of land in Japan as of July 1 rose 1.4 percent from a year earlier, marking the third consecutive year of increase and the sharpest advance since 1992, amid growing inbound tourism and foreign investment due to the weak yen, government data showed Tuesday. Commercial land saw a 2.4 percent jump and residential land a 0.9 percent rise, both also advancing for the third straight year and at the sharpest pace since 1992, when land prices tumbled as the country's asset-inflated economic bubble burst, according to the Ministry of Land, Infrastructure, Transport and Tourism. Read full story here