Business Topics

Maker of bamboo whisks pessimistic after U.K.'s Brexit vote

Jul 11, 2016

Maker of bamboo whisks pessimistic after U.K.'s Brexit vote

Britain might be a world away, but the future of a 500-year-old family company in rural Japan could rest on the U.K.’s decision to quit the European Union. Chikumeido, a specialty maker of delicate bamboo whisks used in traditional tea ceremonies, started selling the ...

Jul 11, 2016

Line prices IPO at top of range in year's biggest tech debut

Line Corp. set the price of its initial public offering at the top of the targeted range and will exercise an option to sell more stock as investors shrug off market volatility caused by Britain’s decision to bolt from the European Union. The mobile-messaging ...

Jul 8, 2016

Three ex-Toshiba heads likely to escape charges over accounting fraud

The Tokyo District Public Prosecutors Office’s special investigation unit believes it will be difficult to charge three former presidents of electronics and machinery giant Toshiba Corp. over the firm’s high-profile accounting scandal, sources said Friday. The unit informed the Securities and Exchange Surveillance Commission ...

Jul 8, 2016

Nomura's Asia execution chief Watanabe to leave after 27 years

Nomura Holdings Inc.’s Joji Watanabe, head of execution services for the Asia-Pacific region, will leave Japan’s biggest brokerage after 27 years. The Tokyo-based company appointed Paul Beresford as the head of execution services in Asia excluding Japan, joining from Instinet, where he was head ...

Toyota to let go of 800 workers in Thailand

Jul 6, 2016

Toyota to let go of 800 workers in Thailand

Car maker Toyota said Wednesday it is letting go of at least 800 workers at its factories in Thailand under a voluntary departure program, a reflection of deepening troubles in the Thai automotive industry. Toyota Motor Thailand said in a statement that it aims ...

Jul 6, 2016

Mazda recalls cars in China after regulator action on Takata air bags

Mazda Motor Corp.’s Chinese joint venture will recall 74,310 of its Mazda2 sedans in China to replace Takata Corp. air bags after an investigation by the country’s safety regulator. China’s General Administration of Quality Supervision, Inspection and Quarantine said Mazda will contact affected vehicle ...