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Sony climbs as games outlook makes up for earthquake damage

May 25, 2016

Sony climbs as games outlook makes up for earthquake damage

Sony Corp. shares rose as investors ignored a weak profit forecast, looking instead to the company’s long-term prospects in entertainment and sensors needed for driverless cars and other emerging products. In New York, shares rose even after the company issued an annual profit outlook ...

May 25, 2016

Toyota to build new plant in Malaysia

Toyota Motor Corp. said Wednesday it will build a new plant in Malaysia to meet the future domestic vehicle demand expected to increase in line with the country’s economic growth. Toyota plans to start operations at the new plant in early 2019, with its ...

May 24, 2016

China in 'preliminary' deal for Sudan's first atomic plant

A Chinese state-owned company has signed a “preliminary” deal with Sudan to build the east African country’s first nuclear power plant, an official in Khartoum said on Tuesday. The China National Nuclear Corporation (CNNC) signed a memorandum of understanding with the electricity ministry on ...

May 24, 2016

Sharp to keep solar panel business under Taiwan's Hon Hai

Sharp Corp. is set to retain its struggling solar panel business, judging that it can become profitable with the help of Taiwan’s Hon Hai Precision Industry Co., according to an in-house document. In the document posted Monday on its website for employees, Sharp President ...

Japan's Abe exploring delicate timing of tax hike decision

| May 24, 2016

Japan's Abe exploring delicate timing of tax hike decision

As this summer’s Upper House election draws near, Prime Minister Shinzo Abe faces the difficult problem of when to make the final decision on a planned consumption tax increase. Speculation is growing that Abe will again postpone the consumption tax hike, currently planned for ...

Marriott-Starwood merger to spark turf war in Japan

May 24, 2016

Marriott-Starwood merger to spark turf war in Japan

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For major Japanese hoteliers, the impending merger between Marriott International Inc. and Starwood Hotels & Resorts Worldwide Inc. signifies the opening of a cutthroat turf war with what will be the world’s largest hotel operator in their home territory. Marriott is poised to expand ...