Jan 25, 2017

Bank-related funds may invest in ailing Toshiba's flash memory unit

Investment funds established by Toshiba Corp.’s main creditor banks may invest in the company’s flash memory unit as the conglomerate prepares to spin off the operation, sources have said. Toshiba, facing huge potential losses related to its U.S. nuclear business, is likely to hold ...

Vietnam courts Japanese high-tech investment

Jan 17, 2017

Vietnam courts Japanese high-tech investment

Vietnam is courting high-tech Japanese investment and wants Tokyo to become its top investor, its premier said Tuesday during a visit by Prime Minister Shinzo Abe. Japan is the second-largest foreign investor in Vietnam, a manufacturing hub in Southeast Asia seeking to expand exports ...

GM to announce $1 billion factory investment, new jobs: source

Jan 17, 2017

GM to announce $1 billion factory investment, new jobs: source

General Motors will announce a $1 billion investment in its factories that will create or preserve 1,000 jobs, a person briefed on the matter said. The Detroit automaker said it would make the announcement Tuesday morning. The investment is part of the normal process ...

Apple to invest $1 billion in SoftBank fund to support tech

Jan 5, 2017

Apple to invest $1 billion in SoftBank fund to support tech

Apple Inc. is planning to invest $1 billion (about ¥117 billion) in SoftBank Group Corp.’s giant new technology fund, adding its name to a growing list of interested parties and giving the iPhone maker a new avenue to tap up-and-coming technologies. Qualcomm Inc. also ...

U.S. investment fund to buy Hitachi unit for over ¥150 billion

Dec 28, 2016

U.S. investment fund to buy Hitachi unit for over ¥150 billion

U.S. investment fund KKR & Co. is expected to buy Hitachi Ltd.’s power tool manufacturing subsidiary for more than ¥150 billion ($1.3 billion), sources said Wednesday. The global investment firm holds the priority negotiation rights over the acquisition of Hitachi Koki Co. and an ...

SoftBank's Son said to plan meeting with Trump in New York

Dec 6, 2016

SoftBank's Son said to plan meeting with Trump in New York

SoftBank Group Corp. founder and Chief Executive Officer Masayoshi Son was to meet with President-elect Donald Trump in New York on Tuesday, a person with direct knowledge of the matter said. Son has no specific agenda for the meeting but wants to meet Trump ...

Buying peace? Chinese money brings Tibet growth, apathy

Nov 14, 2016

Buying peace? Chinese money brings Tibet growth, apathy

Traditional teahouses and fashion boutiques have sprung up in Bayi, one of the liveliest districts of Lhasa, and are owned and patronized by both Tibetans and Han Chinese. But some say increasing prosperity is just Beijing buying peace. Tibet was China’s fastest-growing region last ...