Business Topics

Feb 9, 2017

Japan firm drops Mexico plant plan over Trump warnings

A top Japanese auto parts-maker said Thursday it had dropped Mexico as a possible location for a new factory after Donald Trump rapped Toyota over a plant south of the border. The decision by Nikkei 225-listed Nisshinbo Holdings marked the first time a Japanese ...

Feb 9, 2017

Carlsberg said to weigh bid for $1.2 billion Tsingtao stake

Carlsberg A/S, the Danish beer-maker, is weighing the purchase of a 20 percent stake in China’s Tsingtao Brewery Co., people familiar with the matter said. The Copenhagen-based company is working with an adviser on a potential bid for the Tsingtao stake being sold by ...

Feb 8, 2017

SoftBank doubles group net profit in April-December

SoftBank Group Corp. said Wednesday its group net profit roughly doubled in the April-September period from a year earlier to ¥857.43 billion ($7.64 billion), helped by solid telecommunications business and improving profitability at its U.S. subsidiary Sprint Corp. Operating profit in the nine months ...

Honda, Hitachi to partner on electric vehicles

Feb 7, 2017

Honda, Hitachi to partner on electric vehicles

Automaker Honda Motor Co. has signed a deal with Hitachi Automotive Systems to jointly develop, make and sell motors for electric vehicles, as the industry adapts to concerns over global warming and the environment. The companies announced the agreement Tuesday. Honda, which also makes ...