Business Topics

Dec 19, 2016

Regulator approves JX-TonenGeneral and Idemitsu-Showa Shell mergers

The Fair Trade Commission has approved the merger of Japan’s largest oil refiner, JX Holdings Inc., and third-ranked TonenGeneral Sekiyu K.K. The commission also allowed Idemitsu Kosan Co., the second-biggest oil refiner, to buy shares in fifth-ranked Showa Shell from Royal Dutch Shell PLC. ...

Dec 19, 2016

Canon completes acquisition of Toshiba medical unit

Canon Inc. has completed its acquisition of a Toshiba Corp. medical unit that the embattled parent company put on sale earlier this year in a bid to emerge from a window-dressing scandal. The printer, photocopier and camera manufacturer announced the purchase Monday of Toshiba ...

Dec 18, 2016

SoftBank to invest ¥100 billion in U.S. satellite startup

SoftBank Group Corp. will invest some ¥100 billion in OneWeb Ltd., a U.S. startup that is planning to build a global satellite telecommunications network, informed sources said. The move is part of SoftBank’s strategy to expand its overseas presence to increase profits, the sources ...

Dec 16, 2016

Myanmar-Japan venture targets role in improving infrastructure

A joint venture between Myanmar’s leading heavy machinery distributor, Myanmar Kaido Co., and Japanese trading giant Mitsubishi Corp. aims to capitalize on Myanmar’s rapid development of urban infrastructure through the rental of construction and other equipment. An opening ceremony for the joint venture, Diamond ...