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May 31, 2016

Kameda Seika taps ex-Canadian ambassador as outside board member

Kameda Seika Co. will appoint the former Canadian ambassador to Japan as an outside board member upon approval at a general shareholders meeting on June 17, the company said Monday. The rice cracker maker said that although he has never engaged in corporate management, ...

May 31, 2016

Germany readying law on nuclear waste storage costs

The German Cabinet plans to approve a draft law on Aug. 3 that will require its utilities to pay billions of euros into a state fund to help cover the cost of nuclear storage, according to an Economy Ministry timetable seen by Reuters on ...

May 30, 2016

Takata to rule out bankruptcy in seeking buyer funding

Takata Corp. has ruled out using bankruptcy as a way of mitigating liabilities from its record air bag recalls and is instead seeking buyers that could take a controlling stake and carry the company through its current crisis, according to a source with knowledge ...

May 30, 2016

Quakes and fuel economy scandal hit automaker sales in April

Quakes, scandal hit automakers Automakers had a tough month in April, data showed Monday, as earthquakes in Kyushu disrupted output and a scandal involving fuel efficiency figures had knock-on effects. At Toyota Motor Corp., domestic output dropped 18.8 percent in April from a year ...

May 30, 2016

Mitsui to deliver Colombia's first LNG shipment

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Mitsui & Co. has been chosen to deliver Colombia’s first cargo of liquefied natural gas later this year as the country prepares to place a floating import terminal into service, according to the terminal’s developer. Mitsui will send the cargo to the gas storage ...

May 30, 2016

Japanese steel makers hail G-7 alarm on oversupply

Japanese steel makers are monitoring developments after leaders of the Group of Seven nations addressed the problems of overcapacity in a communique. A senior official of a Japanese steel maker welcomed the document, adopted at the two-day G-7 Ise-Shima summit last week, saying it ...

May 30, 2016

Japan's retail sales stall as Abe mulls delay to tax hike

The nation’s retail sales growth stalled, underscoring weakness in private consumption and increasing the likelihood that Prime Minister Shinzo Abe will delay a sales-tax increase planned for next year. Sales were unchanged in April from the previous month, a government report showed Monday. The ...

Mizuho CEO says higher fee income will offset negative rates

May 30, 2016

Mizuho CEO says higher fee income will offset negative rates

Mizuho Financial Group Inc. is counting on fee businesses to make up for lower returns from lending and bond investments in the wake of the Bank of Japan’s decision to adopt a negative interest-rate policy. “Noninterest income will grow significantly as we move into ...

AirAsia gets $1 billion offer for its leasing company

May 30, 2016

AirAsia gets $1 billion offer for its leasing company

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AirAsia Bhd., the region’s biggest discount carrier, received an offer valued at about $1 billion to buy its aircraft-leasing company amid a surge in business in the continent. The company’s share prices rose to the highest level in more than a year. The airline ...