Business Topics

Sep 6, 2016

Imported vehicle sales in Japan rose 5.3% in August

Sales of new imported cars, trucks and buses, including those made abroad by Japanese carmakers, rose 5.3 percent in August from a year earlier to 23,531 units, an industry body said Tuesday. While sales of foreign-brand vehicles added a mere 0.5 percent to 19,782 ...

SoftBank's $120 billion debt nears Moody's downgrade trigger

Sep 6, 2016

SoftBank's $120 billion debt nears Moody's downgrade trigger

SoftBank Group Corp.’s debt — which is set to swell as its latest global acquisition became effective Monday — is nearing a level at which Moody’s Investors Service has said it will consider a rating downgrade. The Japanese wireless carrier’s purchase of British semiconductor ...

Sep 6, 2016

Sumitomo 'liquidating Japan hedge fund' as clients pull out

Sumitomo Mitsui Trust Holdings Inc. is liquidating a Japan-focused hedge fund after investors withdrew money following poor performance, according to people familiar with the matter, adding to the list of casualties as the industry suffers its biggest outflows since 2009. The firm’s asset-management unit ...

Sep 5, 2016

Toshiba, Canon to start commercial drone services

Toshiba Corp. and Canon Inc. are starting separate drone-based services for corporate clients. Toshiba said Monday it will partner with auto parts manufacturer Alpine Electronics Inc. to commercialize a system by March 2018 to inspect remote infrastructure such as power cables and steel towers. ...