Business Topics

Hon Hai chief confirms $7 billion U.S. investment in works

The head of Taiwan’s tech giant Hon Hai Precision Industry Co. confirmed Sunday he is considering a $7 billion investment to make flat panels in the United States in a joint project with Japan’s SoftBank. U.S. President Donald Trump announced before taking office a $50 billion deal by the two ...

Toyota chairman says fuel cell cars need more time to catch on

Jan 20, 2017

Toyota chairman says fuel cell cars need more time to catch on

Toyota Motor Corp. Chairman Takeshi Uchiyamada, known as the “father of the Prius” for his work on the world’s best-selling hybrid car, said fuel cell vehicles will take longer than gasoline-electric autos to become popular because of the need to build infrastructure. “The hybrid ...

Jan 20, 2017

Tepco mulls first bond sale in over six years

Tokyo Electric Power Company Holdings Inc. might issue its first corporate bonds in 6½ years this March, informed sources say. The beleaguered utility hasn’t issued bonds since the March 2011 triple core meltdown at its Fukushima No. 1 nuclear plant. Tepco would be expected ...

Jan 20, 2017

Kirin in talks to sell Brazilian beverage unit to Heineken

Kirin Holdings Co. plans to sell its struggling beverage business in Brazil to Dutch brewer Heineken NV for about ¥100 billion ($8.7 billion), a source familiar with the matter said Friday. Kirin Holdings said in a statement that although nothing has been finalized, it ...