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Jan 22, 2015

Mitsui Fudosan to build office tower in Manhattan

Mitsui Fudosan Co., Japan’s biggest developer, will build an office tower in Manhattan with an expected cost of ¥150 billion. The Hudson Yards project is the company’s second development in New York in two years and its largest overseas development ever. In 2013, it ...

Jan 22, 2015

South Korea's T'way Air to link Kansai with Seoul and Daegu

South Korean low-cost carrier T’way Air Co. will begin serving Kansai International Airport in Osaka Prefecture in late March, with flights to Seoul and to Daegu in southeast South Korea. The carrier will launch its Kansai-Seoul route on March 29 with seven flights a ...

Jan 22, 2015

Mitsubishi UFJ said to have held talks to acquire DZ Bank's DVB

Mitsubishi UFJ Financial Group Inc., the nation’s biggest bank, held talks with DVB Bank SE about a possible takeover of the German shipping and aviation lender, sources said. Negotiations over the potential acquisition of the Frankfurt-based bank, which is majority owned by cooperative lender ...

Toyota crowned world's biggest automaker for third year

Jan 21, 2015

Toyota crowned world's biggest automaker for third year

Toyota Motor Corp. warded off Volkswagen AG to remain the world’s top-selling automaker for a third consecutive year, driven by record U.S. deliveries of its SUVs, according to the 2014 tally announced by the company Wednesday. Worldwide sales for Toyota, including its Hino Motors ...

Sharp cuts smartphone panel production amid weak sales to China

Jan 21, 2015

Sharp cuts smartphone panel production amid weak sales to China

Sharp Corp. has cut its production of liquid crystal display panels for smartphones and tablet computers amid weak sales to Chinese makers, sources said Wednesday. The struggling electronics maker has reduced the output of its mainstay “Igzo” panels by about 20 percent from the ...

Jan 21, 2015

Keidanren to back pay-scale hikes for second straight year

The nation’s leading association of business leaders said Tuesday it will support pay-scale hikes by member companies in the upcoming annual wage talks, adopting the policy for the second straight year. But the Japan Business Federation, better known as Keidanren, showed reluctance to accept ...

| Jan 21, 2015

Nikkei turns lower on profit-taking

Stocks retreated on the Tokyo Stock Exchange on Wednesday, dampened by profit-taking after the recent surge. The Nikkei 225 average lost 85.82 points, or 0.49 percent, to end at 17,280.48. On Tuesday, the key market gauge surged 352.01 points. The Topix index closed down ...