Nikkei Asia

Vietnam Airlines renews turnaround push with share issuance plans After four straight years in the red, embattled Vietnam Airlines is looking to raise fresh funds to accelerate its turnaround even amid continued headwinds in costs and passenger traffic. Read more here

China and Russia extend military cooperation to South China Sea China and Russia have stepped up joint military activities in the South China Sea in response to deepening cooperation in the region by Japan, the U.S. and the Philippines. Read more here

Saudi ETFs surge in China debut as financial ties deepen Two Saudi Arabian exchange-traded funds made a strong market debut in mainland China on Tuesday as investors snapped up the instruments on the first day amid strong financial ties between the two countries. Read more here

Thailand extends visa-free travel to 60 days for 93 countries Visitors from 93 countries and territories can double the length of their stays in Thailand after the government extended visa-free travel to 60 days. Read more here

BOJ data suggests additional $13bn yen intervention on Friday The Bank of Japan is seen to have stepped into the currency market on two consecutive trading days last Thursday and Friday, data showed on Tuesday, in moves that demonstrate heightened concern among Japan's currency authorities over the yen's sustained depreciation. Read more here

Japan's Mori Trust bets on wealthy tourists in bullish forecast Japanese real estate developer Mori Trust is gearing up for a surge in the number of foreign tourists visiting Japan in 2024 and predicts their spending will reach record levels as it prepares to open luxury hotels later in the year. Read more here

China's state rare-earth players bleed red ink as prices fall China's major state-owned rare-earth companies are bleeding red ink due to declining prices, as the government tightens its grip on the resources and supply chain as a strategic industry. Read more here

Banks trim China's GDP forecasts as its leaders huddle at plenum Investment banks have downgraded their forecasts for China's economic growth this year after weak second quarter results released on Monday, adding pressure on President Xi Jinping to offer more support at a key Communist Party meeting this week. Read more here

China's Tibet policy under brighter spotlight after U.S. law, U.N. review As the latest session of the United Nations Human Rights Council was closing late last week after having adopted a review on China, U.S. President Joe Biden was signing a law on Tibet aimed at countering disinformation from Beijing. Read more here

Mitsubishi Heavy is one of Japan's hottest stocks, it wasn't always Mitsubishi Heavy Industries is a rising star on the Japanese stock market, thanks to hopes for its core defense and nuclear power segments. But it laid the groundwork for its breakout with quieter steps to improve efficiency. Read more here