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Money-losing Toshiba selling medical leasing unit to Canon

Embattled Japanese electronics maker Toshiba Corp. is selling its stake in a medical equipment leasing company to Canon Inc. for ¥31.4 billion ($277 million). Toshiba said Tuesday it is selling its entire 65 percent stake in Toshiba Medical Finance Co. to Canon, a Japanese camera maker, effective March 31. Tokyo-based ...

| Feb 21, 2017

Nikkei rides yen's coattails higher

Stocks gained further ground Tuesday, supported by the yen’s easing. The Nikkei 225 average rose 130.36 points, or 0.68 percent, to end at 19,381.44. On Monday, the key market gauge climbed 16.46 points. The Topix, covering all first-section issues, closed 8.59 points, or 0.56 ...

Japanese power utilities join investors in India's energy sector

Feb 21, 2017

Japanese power utilities join investors in India's energy sector

A joint venture between two major Japanese electric power companies is looking to explore more business opportunities in India’s energy market with a particular focus on renewable energy, joining a growing list of investors betting big on the country’s clean energy sector. “We have ...

Feb 21, 2017

Toshiba seeking at least ¥1 trillion from chip unit sale

Toshiba Corp. is looking to raise at least ¥1 trillion ($8.8 billion) from the sale of its memory chip business and will aim to complete the transaction by March 2018, according to a source familiar with the matter. The deal will likely result in ...

Atlanta hopes to be among candidates for self-driving auto test tracks

Feb 21, 2017

Atlanta hopes to be among candidates for self-driving auto test tracks

Self-driving vehicles could begin tooling down a bustling Atlanta street full of cars, buses, bicyclists and college students, as the city vies with other communities nationwide to test the emerging technology. Atlanta would become one of the largest urban areas for testing self-driving vehicles ...

Gibraltar seizes sleek superyacht over $16.2 million debt claim

Feb 21, 2017

Gibraltar seizes sleek superyacht over $16.2 million debt claim

Authorities in Gibraltar say they have seized one of the largest and most advanced superyachts in the world over an unsettled bill dispute between its owner and its German builder. The Gibraltar Chronicle newspaper reports that shipbuilder Nobiskrug claims €15.3 million ($16.2 million) in ...

Japan's supply of new condos fell to 24-year low in 2016

Feb 20, 2017

Japan's supply of new condos fell to 24-year low in 2016

The number of new condominiums put up for sale across Japan in 2016 dropped 1.4 percent from the preceding year to a 24-year low of 76,993 units, while prices stayed high, according to a private think tank. Supply dropped for the third straight year, ...

Feb 20, 2017

All of Japan's big cities plan bigger budgets for fiscal 2017

All 20 major cities across Japan have drafted budgets bigger than last year due to the transfer of revenue from prefectural governments for teacher pay. The revenue shift is part of power decentralization by the central government. Starting with fiscal 2017, which gets underway ...