29 Philippine firms make it to Time’s best companies in Asia-Pacific
Some of the country’s largest conglomerates, banks, and other institutions made it to Time Magazine’s list of the 500 Best Companies in the Asia-Pacific region for showing…
Corporate Buzz
Honda, Nissan terminate merger talks
They are expected to continue to consider a feasibility study of a partnership mainly in the field of electric vehicles, for which they signed a memorandum in August last year.…
China’s AI surge fuels optimism on A-share market
Trading value in Shanghai, Shenzhen tops US$137 billion for 17th day in a row.
No majority stake in U.S. Steel for Nippon Steel, says US President Trump
Nippon Steel planned to acquire all shares of U.S. Steel and make it a wholly owned subsidy. But the administration of former U.S. President Joe Biden banned the acquisition plan.
Lotte chief eyes growth in India with new ice cream plant
Lotte Chairman Shin Dong-bin expressed confidence that the new facility would mark a milestone in Lotte’s global food business, the group announced Sunday.
Nissan intends to terminate merger talks with Honda
Nissan likely found Honda’s conditions for a merger to be unacceptable. One such unacceptable condition, which was suggested by Honda, was for Nissan to become a subsidiary.
Samsung, OpenAI, Softbank chiefs convene in Seoul to discuss AI partnership
Expected to be discussed is a potential collaboration on cutting-edge AI technology, possibly including producing an AI-specific device, given Samsung's expertise in both…
Australia bans DeepSeek from government tech on security concern
A threat assessment by the country’s intelligence agencies found the technology posed an unacceptable risk, Home Affairs Minister Tony Burke said.
US President Trump’s tariff reprieve gives brief respite to Korean firms, but uncertainty lingers
In recent years, Mexico has emerged as a go-to destination for Korean companies targeting the US market, capitalizing on proximity, tariff advantages under the US-Mexico-Canada…
Samsung chief cleared of all charges in 2015 merger case
The decision, arriving about a year after the initial verdict, found Lee not guilty, lifted a weight off the Samsung chief, allowing him to focus on steering the tech giant to…