Skip to Content

News

Cambodia’s Hun Sen, Asia’s longest serving leader, says he’ll step down and his son will take over

By SOPHENG CHEANG and DAVID RISING Associated Press PHNOM PENH, Cambodia (AP) — Cambodian Prime Minister Hun Sen says he will step down in August and hand the position to his oldest son, though Asia’s longest-serving leader is expected to continue to wield significant power. The widely anticipated move comes after the autocratic Hun Sen’s

Continue Reading

Nissan plans $663 million investment in Renault’s EV unit Ampere and says profit leapt in April-June

By YURI KAGEYAMA AP Business Writer TOKYO (AP) — Nissan and Renault have redefined their French-Japanese auto alliance to establish more equal cross-shareholdings. The change will end a disparity that had caused friction between the automakers. Nissan said Wednesday it will invest 600 million euros, or $663 million, in Ampere, Renault’s electric vehicle and software

Continue Reading

Stock market today: Asian markets are mixed ahead of what traders hope will be a final Fed rate hike

By JOE McDONALD AP Business Writer BEIJING (AP) — Asian stock markets were mixed Wednesday after Wall Street hit a 15-month high ahead of what traders hope will be the Federal Reserve’s final increase in this interest rate cycle. Shanghai, Hong Kong and Seoul declined. Tokyo and Sydney advanced. Oil prices retreated. Wall Street’s benchmark

Continue Reading