Business Topics

Jun 17, 2016

Japan's Idemitsu Kosan, Showa Shell to merge on April 1

Japanese refiner Idemitsu Kosan Co and smaller rival Showa Shell Sekiyu will merge on April 1 next year, the two companies said on Friday. Japan’s No.2 and No.5 refiners by revenue agreed last November in a deal worth about $4 billion to create the ...

Jun 16, 2016

Nippon Paper to buy Weyerhaeuser drinks carton business

Nippon Paper Industries Co. said Thursday it has agreed to purchase the world’s third largest liquids packaging board business from U.S. timber company Weyerhaeuser Co. for $285 million. The U.S. business, which produces and sells paper containers for soft drinks and milk, will be ...

Airbnb's 'master of disaster' comes to Tokyo as regulations loom

Jun 16, 2016

Airbnb's 'master of disaster' comes to Tokyo as regulations loom

Airbnb Inc. has gone on a charm offensive in Japan, hoping to drum up support as regulators debate whether to clamp down on the startup’s rapidly expanding operations. The world’s third-most valuable private startup dispatched high-powered lawyer and political strategist Chris Lehane to lay ...

Jun 15, 2016

SMBC to launch rice farming business in a first for Japanese bank

Sumitomo Mitsui Banking Corp. will this fall launch a company to farm rice, officials said Wednesday. It will be Japan’s first major bank to enter the agricultural sector. The banking unit of Sumitomo Mitsui Financial Group Inc. aims to improve agricultural productivity and expand ...

Twitter the focus of chatter after Microsoft buys LinkedIn

Jun 15, 2016

Twitter the focus of chatter after Microsoft buys LinkedIn

After the mega-deal for LinkedIn, Twitter’s future has come into focus as the industry ponders the outlook for social networks. Microsoft’s $26 billion acquisition of LinkedIn announced Monday, the biggest-ever deal for a social media company, sent Twitter shares surging nearly 10 percent over ...

Japan's Uniqlo targets global stature with fashion identity

Jun 15, 2016

Japan's Uniqlo targets global stature with fashion identity

Japanese clothing chain Uniqlo has leveraged its prowess in mass production to build a fashion empire filled with shelves upon shelves of affordable, good quality items like down jackets, underwear and T-shirts. Now the 17-nation, 1,734-store retailer is on a quest to beat Western ...