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Arm Holdings kicked off its roadshow for initial public offering on Tuesday, disclosing that the proposed range would value it at between $48 billion and $52 billion.
BUSINESS / Companies
Sep 6, 2023

SoftBank's Arm launches IPO courting T Rowe in $52B valuation ask

T Rowe Price has been an anchor investor in some of the biggest stock market debuts.
The Shiodome City Center building in Tokyo's Minato Ward
BUSINESS / Companies
Sep 6, 2023

GIC considering sale of Tokyo skyscraper for over $2 billion

The sale plans come as a glut of new office supply is expected in Tokyo over the next two years, potentially tempering investor appetite.
California Gov. Gavin Newsom at the 2023 Milken Institute Global Conference in California on May 2
BUSINESS / Tech
Sep 7, 2023

California governor signs executive order to explore AI risks

The directive comes as Washington and other governments struggle with how to regulate artificial intelligence technology.
The AI initiative is part of Morgan Stanley's strategy to drive its wealth division, where net revenue surged 16% to a record in the second quarter and new client assets grew $90 billion.
BUSINESS / Tech
Sep 8, 2023

Morgan Stanley to launch AI chatbot to woo wealthy

The bank will roll out a generative artificial intelligence bot this month, developed with the makers of ChatGPT, OpenAI
Japan's economy grew less than initially estimated in the second quarter as capital expenditure slid, suggesting heightening overseas uncertainties are weighing on business confidence.
BUSINESS / Economy
Sep 8, 2023

Japan economic growth revised down as firms and consumers cut back

Gross domestic product grew at an annualized 4.8% from the previous three months, revised figures from the Cabinet Office showed Friday.
An Apple store in the Huangpu district in Shanghai
BUSINESS / Tech
Sep 8, 2023

Apple grapples with turmoil in China days before iPhone 15 launch

The bans may just be part of a longstanding trend.
Major Japanese food and beverage maker Asahi Group Holdings made the decision not to feature Johnny's talents in its future sales promotion activities "to prevent itself from promoting human rights violations by a business partner."
BUSINESS / Companies
Sep 9, 2023

Asahi to end use of Johnny's personalities in ads

The major Japanese food and beverage maker made the decision "to prevent itself from promoting human rights violations by a business partner."
Shuhei Abe, founder of Sparx Group, is seeking to put his ideas into action with a so-called engagement fund to invest in well-run but undervalued Japanese businesses.
BUSINESS
Sep 11, 2023

Buffett spurs Japan activist pioneer to seek $2 billion for fund

Shuhei Abe is seeking to put his ideas into action with a so-called engagement fund to invest in well-run but undervalued Japanese businesses.
The Birkenstock logo in Paris
BUSINESS / Companies
Sep 13, 2023

Birkenstock files for IPO in further boost to U.S. market

The company will disclose the proposed terms of the share sale in a later filing with the U.S. Securities and Exchange Commission.
David Dahlquist, senior trial counsel in the antitrust division at the U.S. Department of Justice (left), and Kenneth Dintzer, litigator for the U.S. Department of Justice, leave federal court in Washington on Tuesday.
BUSINESS / Companies
Sep 13, 2023

Google’s search domination began with plan to combat rivals

Google argues the company has won market share because it has the best search engine, not because of a lack of competition.
BUSINESS / Companies
Sep 13, 2023

TSMC prizes Japan's chips skills after U.S. stumbles

The chipmaker is taking an increasingly optimistic view of Japan as a production base, as problems persist at its new factory in Arizona.
A Final Fantasy XVI video game displayed at a PlayStation pop-up shop in Seoul. The game's maker Square Enix is on a streak of misfires in attempts to build another hit series to buttress sales.
BUSINESS / Companies
Sep 13, 2023

Final Fantasy maker’s 30% plunge may be just the beginning

Investors wonder whether one of the games industry’s most remarkable runs is coming to an end.
Bottles of whisky sit on display behind the bar at the Door XXV private club in the Golden Equator Group office in Singapore.
BUSINESS / Companies
Sep 13, 2023

Asia takes over the world’s whisky market

Yearslong efforts by Pernod, Diageo and other major whiskey producers to get Asian drinkers to spend more on their premium spirits are finally paying off.
U.S. Senate Majority Leader Chuck Schumer speaks to the media Wednesday after a closed-door Senate meeting on how artificial intelligence should be regulated.
BUSINESS / Tech
Sep 14, 2023

Tech leaders discuss AI policy in closed-door senate meeting

The meeting included a prestigious, and possibly combustible, mix of personalities with diverging views on how to write the rules for AI.
In a city known for sparse youth accommodation, investors are buying up hotels and converting them into student housing or rental units.
BUSINESS / Markets
Sep 14, 2023

Investors scour Hong Kong hotels for student dorms and rentals

Hong Kong’s government has launched a slew of initiatives that fuel the demand for student housing and rental properties.
Shiseido products on display at a Nykaa Luxe store in Mumbai, India, in November
BUSINESS / Companies
Sep 15, 2023

Shiseido bets on India growth with first launch in a decade

Japan’s largest cosmetic firm has partnered with Indian retailer Shoppers Stop’s Global SS Beauty Brands and will open 14 stores in New Delhi and Mumbai.
A woman walks past a showroom for Chinese electric vehicle maker XPeng in Beijing in February.
BUSINESS / Companies
Sep 16, 2023

Chinese EV makers pin hopes on Europe’s fading auto dealers

At the heart of their strategy is the traditional dealership model that European carmakers have been exiting in favor of direct sales.
Banking on strong investor appetite for emerging market growth in the absence of Chinese stock offerings, some Southeast Asian companies are considering listing in the U.S.
BUSINESS / Companies
Sep 19, 2023

More Southeast Asian firms consider U.S. IPOs

Senior executives at some firms have said they were looking into New York as one of their initial public offering venues.
Bank of Japan officials view Gov. Kazuo Ueda’s scholarly communication style as the most obvious difference from the previous governor.
BUSINESS / Economy
Sep 19, 2023

Ueda abandons ‘shock and awe’ on path toward BOJ normalization

BOJ officials view Ueda’s scholarly communication style as the most obvious difference from the previous governor.
A specialist removes a Kirin 9000s chip fabricated in China by Semiconductor Manufacturing International Corp. (SMIC) from a Huawei Technologies Mate 60 Pro smartphone earlier this month.
BUSINESS / Tech / ANALYSIS
Sep 20, 2023

U.S. likely to tighten tech curbs as China advances chip production

The chips powering a new Huawei phone represent a jump forward in China’s chipmaking capability as it boosts efforts to catch up with rivals.
The U.S. Federal Reserve building in Washington
BUSINESS / Economy
Sep 19, 2023

A strike, a shutdown and student loans may cool spending for Fed

Some economists say the resumption of student loan repayments for tens of millions of borrowers may already be reshaping behavior.
Pedestrians pass an advertisement for Huawei's Mate 60 series smartphones outside a Huawei store in Shanghai on Sept. 8. Huawei's Mate 60 Pro uses an advanced chip and is said to be capable of 5G speeds.
BUSINESS / Companies
Sep 20, 2023

Huawei ships Chinese-made surveillance chips despite tech curbs

The developments, as well as advances in Chinese-made smartphone chips, indicate the technology giant is overcoming Washington's export controls.
Jensen Huang, CEO of NVIDIA, arriving at the bipartisan A.I. Insight Forum organized by Senate Majority Leader Chuck Schumer, along with labor union leaders and civil society groups, at the Capitol in Washington on Sept. 13.
BUSINESS / Companies
Sep 21, 2023

Nvidia CEO tours India eyeing AI market to hedge China risks

For Nvidia, whose processors are key to development of artificial intelligence systems, the South Asian nation of 1.4 billion presents a rare opportunity.
Burnt olive groves following a wildfire in the village of Dikella, west of Alexandroupolis, Greece, on Aug. 29. Nature-based investment aims to back projects that tackle land degradation, rectify biodiversity loss and combat climate change.
BUSINESS / Markets
Sep 22, 2023

Japan an outlier as interest in nature-based investment grows

Such investments aim to back projects that tackle land degradation, rectify biodiversity loss and combat climate change.
European Union trade chief Valdis Dombrovskis speaks at the Bund Summit in Shanghai on Saturday.
BUSINESS / Economy
Sep 23, 2023

EU trade chief rules out China decoupling, but vows to protect bloc

The bloc posted record bilateral trade with China last year, but it is "very unbalanced," EU trade chief Valdis Dombrovskis said.
Mitsubishi Chemical’s plan for a new semiconductor materials plant comes as the government makes investments in the domestic sector.
BUSINESS
Sep 25, 2023

Mitsubishi Chemical to open new semiconductor materials plant

Details on when or where it will be built or how much it will cost have not been decided, but Fukuoka Prefecture is reportedly a candidate location.
Charles Wang Zhonghe, a senior banker at Nomura Holdings, has reportedly been barred from leaving China in a move connected to a long-running investigation of a top dealmaker in the country.
BUSINESS
Sep 25, 2023

Senior Nomura banker barred from leaving China, report says

The exit ban on the chair of investment banking for China at the bank's Hong Kong arm is linked to an investigation of a top dealmaker in the country.
Nissan Motor is planning to produce only electric vehicles in Europe by 2030.
BUSINESS / Companies
Sep 26, 2023

Nissan to go all-electric in Europe by 2030 despite U.K. delay

Nissan plans to launch 27 electrified vehicles, including 19 fully electric cars, by 2030.
Yahoo News is currently the most popular news portal site in Japan, with the highest number of partnerships with news providers.
BUSINESS / Tech
Sep 26, 2023

Yahoo News considers reviewing contracts with news providers

The announcement follows a report by the JFTC last week that warned that the platform's operator, Yahoo Japan, may be in a superior bargaining position.
China Evergrande Group Chairman Hui Ka Yan
BUSINESS / Companies
Sep 27, 2023

Evergrande’s billionaire chairman Hui under police surveillance

Hui was taken away by Chinese police earlier this month and is being monitored at a designated location. It’s not clear why he is under surveillance.

Longform

Bear attacks have dominated Japanese news headlines in recent months, with 13 people so far having been killed by the animals.
Japan’s bears have been on their killing spree for more than 100 years