Taiwanese fund drops out of bailout consortium for Japan Display
Japan Display Inc. said Tuesday that a Taiwanese private equity fund has dropped out of a bailout consortium, further clouding the outlook for the struggling panel-maker. The exit by CGL Group follows the departure of Taiwan's TPK Holding Co. last week from the consortium that ...
China no match for Japan in Southeast Asia infrastructure race
Japan is still winning the Southeast Asia infrastructure race against China, with pending projects worth almost one and a half times its rival, according to the latest data from Fitch Solutions. Japanese-backed projects in the region's six biggest economies — Indonesia, Malaysia, Philippines, Singapore, Thailand ...
Chinese fund Harvest Tech to raise investment in Japan Display to ¥64 billion
Japan Display Inc. said Wednesday that Chinese investment fund Harvest Tech Investment Management Co. will increase its investment in the ailing Japanese company to a maximum of ¥64 billion. JDI reached a basic agreement in April to receive up to ¥80 billion in financial support ...
Apple is considering providing aid to struggling Japan Display, WSJ reports
Apple Inc. has shown a willingness to help its cash-strapped supplier Japan Display Inc., The Wall Street Journal reported Tuesday. While Apple has agreed to loosen the repayment terms for its loans extended to Japan Display, the U.S. tech giant may also consider waiving some ...
Papua New Guinea's new prime minister has an ambitious — cynics would say far-fetched — objective of turning one of the world's poorest countries into the "richest black nation" on Earth in just a decade. If national economies were like soccer teams, Papua New Guinea ...
Hong Kong tycoons start moving assets offshore as fears rise over new extradition law
Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to financial advisers, bankers and lawyers familiar with such transactions. One tycoon, ...
Surprise gain in Japan's machinery orders masks cooling investment outlook
Machinery orders unexpectedly rose for a third straight month in April, signalling solid business investment, although analysts expect an intensifying Sino-U.S. trade war and global slowdown to hurt capital spending plans in the coming quarters. The upbeat data may solidify expectations that a planned sales ...
Japan's business spending increased in January-March amid murky outlook
Capital spending by companies rose 6.1 percent in the January-March quarter from a year earlier, official data showed Monday, supporting the government's view that the economy is in a moderate recovery phase despite the uncertain global outlook. Investment by all nonfinancial sectors for purposes such ...
The government will expand its national security restriction on foreign investors acquiring shares in Japanese firms by adding information technology-related firms in August. The move is aimed at preventing the outflow of sensitive information and technologies to other countries, including China. The announcement Monday followed a ...
Japan was still world's biggest investor at end of 2018, trailed by Germany and China
The net balance of external assets held by the Japanese government, companies and individual investors stood at ¥341.56 trillion ($3.11 trillion) at the end of 2018, remaining the world's largest for the 28th consecutive year, the Finance Ministry said Friday. The figure, up 3.7 percent ...
Days after announcing tripling of profits, SoftBank market value slides $9 billion as Uber IPO flops
Last Thursday, as his company booked a $3.8 billion gain from its stake in Uber Technologies Inc., Masayoshi Son told SoftBank Group Corp. investors that their time had finally come. Instead, they're still waiting. The day after Son's earnings presentation, SoftBank slid 5.4 percent and ...
Major engineering firm Chiyoda announces ¥180 billion bailout from Mitsubishi and MUFG Bank
Chiyoda Corp., one of the world's leading builders of liquefied natural gas plants, said Thursday it will receive a total of ¥180 billion from trading house Mitsubishi Corp. and MUFG Bank to turn around its finances. Under a reconstruction plan, Chiyoda will get a capital ...
