Business Topics

JPMorgan's Japan head of equity research resigns

Apr 21, 2015

JPMorgan's Japan head of equity research resigns

Jesper Koll is leaving JPMorgan Chase & Co. after running the firm’s equity-research team in Tokyo for more than five years. Koll resigned at the end of March to pursue a “new career opportunity,” he wrote in an internal memo obtained by Bloomberg, without ...

Apr 21, 2015

As car sales slow in China, automakers trim prices

China’s auto sales growth is slowing to a “new normal” with Bayerische Motoren Werke AG to Honda Motor Co. trimming their prices to sustain demand. BMW will reduce production in the quarter that began this month and has cut prices on some models to ...

Apr 21, 2015

GE said to be in talks with Blackstone, Mitsubishi on sale of assets

General Electric Co. is discussing the sale of parts of its finance business, including the $74 billion U.S. commercial-lending unit, with potential buyers including Blackstone Group LP, Mitsubishi UFJ Financial Group Inc. and Wells Fargo & Co., said people with knowledge of the matter. ...

Apr 20, 2015

Sumitomo Mitsui Banking to invest in Colombia State Bank

Sumitomo Mitsui Banking Corp. said Monday that it will acquire a stake of 8.84 percent in Colombian state-run development bank Financiera de Desarrollo Nacional SA, or FDN. The mega-bank signed a contract for the FDN equity purchase with the International Finance Corp. With the ...

Apr 19, 2015

Osaka Gas boss targets Tokyo market

Osaka Gas Co. is mulling various tieup options ahead of the full liberalization of the retail electricity market in fiscal 2016 and the gas retailing market in 2017, President Takehiro Honjo said in a recent interview. “Tokyo is an attractive market,” Honjo said, expressing ...

Apr 17, 2015

Bloomberg says trading terminals hit by global breakdown

Bloomberg terminals used by subscribers to make trades using real-time developments in business and finance were struck by a “global network problem” for several hours Friday, the company said. After users in financial centers around the world flocked to Twitter to complain of the ...

ANA unveils plans for R2-D2-themed Dreamliner

Apr 17, 2015

ANA unveils plans for R2-D2-themed Dreamliner

It might not be the droid you’re looking for, but a plane painted to look like R2-D2 could be the next best thing for “Star Wars” fans awaiting the franchise’s reboot. Japan’s All Nippon Airways (ANA) has unveiled plans for a Boeing 787 Dreamliner ...