NEWSWORTHY
British billionaire Richard Branson said on Thursday that his Virgin Group would suspend its discussions with Saudi Arabia's Public Investment Fund over a planned $1 billion investment in the group's space ventures, in light of events involving missing Saudi journalist Jamal Khashoggi. "What has reportedly ...
SoftBank considering purchase of majority stake in WeWork: source
The co-working startup is raising additional capital to accelerate its expansion, according to a source, in a deal that could total $15 billion to $20 billion.
Japan's supertraders — a brand unto themselves
This is the first part of a new series of reports written by industry specialists. The first 12 articles are about Japanese general trading companies, or sōgō shōsha. The sōgō shōsha are unique, diversified and complex organizations that are known to have played a significant ...
Mitsubishi Heavy to invest additional ¥200 billion in Japanese jet project
Mitsubishi Heavy Industries plans to make a fresh investment of ¥200 billion in the Mitsubishi Regional Jet project, sources said. Of the funds, the heavy machinery maker intends to use about ¥120 billion in fiscal 2018 ending March to ensure it can deliver the first ...
Japan saw capital spending rise at fastest pace in over a decade in April-June quarter
Investment by all nonfinancial sectors for purposes such as building factories and adding equipment increased by 12.8 percent from a year earlier, with spending reaching ¥10.66 trillion.
Chinese President Xi Jinping said Monday that Chinese funds are not for "vanity projects" in Africa but are to build infrastructure that can remove bottlenecks in the continent's development. Speaking at a business forum ahead of the start of a once-every-three-years China-Africa summit, Xi said: ...
INCJ raked in ¥769.4 billion in nine years, 2.4 times more than amount it invested
Innovation Network Corp. of Japan (INCJ) has said that the government-backed investment fund collected ¥769.4 billion in the nine years from its 2009 launch to the end of March this year, 2.4 times more than the amount it invested. INCJ plans to invest a total ...
Japan's shogi champ makes all the right moves as AI startup hits stratosphere
Takahiro Hayashi won his first nationwide title in shogi while still in high school and by the age of 22 he was the world amateur champion. His coaches were urging him to turn pro. But Hayashi wanted to be an entrepreneur, not a shogi player. ...
Monex chief sees cryptocurrency future for finance industry
In 1999 former Goldman Sachs investment banker Oki Matsumoto launched an online brokerage with some clear goals in mind: to create an ideal future for personal finance and to encourage Japanese who are hoarding their savings to actively invest. The startup was called Monex, a ...
Japan's current account surplus rose in first half of 2018 on foreign investments
Japan's current account surplus increased in the first half of 2018 thanks to increased returns on foreign investments, government data showed Wednesday. The country's current account, one of the widest measures of international trade, was ¥10.84 trillion ($97 billion) in the black, with the margin ...
Nippon Life to stop financing coal-fired power
Nippon Life Insurance Co. will no longer extend loans for, or invest in, coal-fired power plants due to environmental concerns, an official at Japan's biggest life insurer said, in the first such move by a major domestic institutional investor. Japanese banks in recent months have ...
Japan reported a current account surplus of ¥1.94 trillion ($17.6 billion) in May, marking the 47th straight month of black ink thanks to a surge in returns on foreign investments, government data showed Monday. The surplus in the current account — one of the widest ...
