Topics

Jul 29, 2014

Kenya may sell Samurai bonds in drive to boost external debt

Kenya, East Africa’s largest economy, is considering selling Samurai bonds this fiscal year as the government prepares to raise its target for borrowing on external markets, Treasury Secretary Henry Rotich said. In addition to yen-dominated notes, the country may also offer foreign investors sukuk ...

Jul 29, 2014

Samsung postpones launch of Tizen smartphone

Samsung Electronics Co. said Monday it is delaying sales of its first Tizen-powered smartphone in the latest setback to the company’s ambition to create a mobile platform to rival Google’s Android or Apple’s iOS. The South Korean company had planned to start selling the ...

Jul 29, 2014

Skymark seen scrubbing order for six Airbus A380s

Airbus Group NV has agreed to drop an order for six A380 superjumbos by Japanese low-cost carrier Skymark Airlines Inc., sources saidn, in a blow to a program that’s struggled to keep customers. Skymark can’t afford the aircraft, said the sources, who asked not ...

Jul 29, 2014

Zillow buying Trulia to build online real estate info titan

Zillow and Trulia, two companies that changed the way people shop for homes, are combining. Real estate website operator Zillow Inc. is buying its rival in a $3.5 billion deal that will make the biggest player in the online real estate information market. Zillow ...

Jul 28, 2014

Sony to sell Minato Ward HQ land to Sony Life

Sony Corp. said Monday it has agreed to sell the land of its headquarters in Tokyo’s Minato Ward to Sony Life Insurance Co. for ¥52.8 billion. Sony aims to complete the deal with the subsidiary by the end of September, it said. The property ...

Jul 28, 2014

Dentsu to buy 51% stake in Indian out-of-home advertising agency

Dentsu Inc. said Monday that it will acquire India’s largest out-of-home advertising agency, Milestone Brandcom Pvt. Ltd. Dentsu will acquire a 51 percent stake in the Mumbai-based company through an overseas subsidiary, with an option to expand its holding in steps to 100 percent ...

Jul 28, 2014

Japan Asia Group to build 20 megawatt solar station in Miyagi

Japan Asia Group Ltd. will build a 20-megawatt solar-power station at a former high school in Miyagi Prefecture. The group’s two units, Kokusai Kogyo Co. and JAG Energy Co., have been selected for the project by the prefecture, the companies said in a statement ...

Rail extension proposed to boost Haneda airport accessibility

Jul 28, 2014

Rail extension proposed to boost Haneda airport accessibility

The transport ministry is considering building a rail line to connect two stations owned by different private railways to improve accessibility to Tokyo’s Haneda airport before the 2020 Olympics. In response, Ota Ward, where the envisaged line would be built, has proposed extending Tokyu ...

| Jul 28, 2014

Dollar range-bound near ¥101.88

The dollar was range-bound below ¥102 in Tokyo trading Monday, with players retreating to the sidelines ahead of key U.S. economic events this week. At 5 p.m., the dollar was at ¥101.87-87, down from ¥101.89-90 at the same time Friday. The euro stood at ...

Nissan profit beats estimates on gains in China, U.S.

Jul 28, 2014

Nissan profit beats estimates on gains in China, U.S.

Nissan Motor Co. on Monday reported profit that beat analysts’ estimates as deliveries rose in China and the United States, its two biggest markets. Net income rose 37 percent to ¥112.1 billion in the April-June quarter, beating the ¥84.3 billion average of 14 analyst ...