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Jun 23, 2016

Itochu, CITIC to cooperate in oil, gas development

Trading house Itochu Corp. and China’s CITIC Resources Holdings Ltd. are to kick off joint projects in oil and gas production. An agreement calls on Itochu and the unit of CITIC Ltd., a Chinese state-owned conglomerate, to pursue joint acquisitions of oil and gas ...

Japan rejects Clinton's TPP threat, won't renegotiate trade pact

Jun 22, 2016

Japan rejects Clinton's TPP threat, won't renegotiate trade pact

Japan does not plan to rework the Trans-Pacific Partnership free trade deal despite U.S. presidential hopeful Hillary Clinton’s suggestion Tuesday that she may try to renegotiate it, Deputy Chief Cabinet Secretary Koichi Hagiuda said on Wednesday. “We are not going to accept any request ...

Mitsubishi Motors sees first loss in eight years amid scandal

Jun 22, 2016

Mitsubishi Motors sees first loss in eight years amid scandal

Mitsubishi Motors Corp. forecast its first loss in eight years after setting aside compensation costs related to manipulating fuel-efficiency ratings and falsifying test data. Net loss in the year ending March 31 will probably be ¥145 billion ($1.4 billion), the company said in a ...

Jun 22, 2016

Toshiba chief vows to regain trust at shareholders meeting

Toshiba Corp. President Masashi Muromachi vowed Wednesday to rebuild trust in the electronics and machinery giant after an accounting scandal. “We’re resolved to do all we can to win back trust and restore the value of the firm,” Muromachi told a general shareholders meeting ...

Nissan CEO Ghosn's pay tops ¥1 billion for second year

Jun 22, 2016

Nissan CEO Ghosn's pay tops ¥1 billion for second year

Nissan Motor Co. President Carlos Ghosn, one of Japan’s best-paid executives, received more than ¥1 billion ($9.58 million) in pay for the second straight year after the carmaker’s profit climbed to a record. Ghosn, 62, was paid a total of ¥1.07 billion for the ...