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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 ...

May 30, 2016

Toyota reportedly mulling buying Google's robotics unit

Toyota Motor Corp. is in talks to buy Boston Dynamics, a robotics unit of Google Inc., news website Tech Insider has reported. Terms for the deal are not known, but Tech Insider quoted a source familiar with the matter as saying that the ink ...

China's richest man declares war on Disney with giant theme park

May 28, 2016

China's richest man declares war on Disney with giant theme park

The Chinese conglomerate Wanda on Saturday opened its first theme park, with its billionaire boss declaring war on Disney weeks before the American entertainment giant launches a similar attraction in Shanghai. “Wanda City,” in southeastern Nanchang, comprises a giant mall set over 2 sq. ...

May 28, 2016

Mitsubishi Motors mulls scaling back vehicle lineup

Mitsubishi Motors Corp., mired in a mileage scandal, is considering reducing the number of its vehicle models for the domestic market, sources said. The automaker has a relatively large number of vehicle models compared with its automobile development system, and the company believes that ...