Japan's Itochu withdraws from nuclear power plant project in Turkey
Major trading house Itochu Corp. is backing away from a nuclear power plant project in Turkey because of a surge in safety-related costs, sources close to the matter said Tuesday. Itochu withdrew at the end of March from a consortium that had been conducting a ...
Marubeni, Itochu, UCC chief among Japan stakeholders named in Panama Papers
A data leak reveals Japanese individuals and firms are listed as shareholders or directors of at least 270 entities in offshore tax havens.
Itochu exits U.S. shale foray with $1 sale
Itochu Corp. ended its $1 billion foray into U.S. shale by selling its 25 percent stake in Samson Resources Corp. back to Samson for $1. The sale reverses the Japanese trading company's biggest purchase of an energy asset when it was made in 2011. The ...
Early summer shifts have merit but experts see overtime, family disruption risks
Prime Minister Shinzo Abe is hoping to kick-start a summer of love by shifting work hours forward in order to free up time in the evenings for families to spend together. But critics warn that the change in lifestyle could result in more overtime, health ...
Itochu Corp. has agreed to sell a Chinese food unit to Asahi Group Holdings Ltd., as the trading house seeks to raise funds ahead of its planned $5 billion investment in Citic Ltd. and to maintain its profit forecasts. Japan's third-largest trading house will sell ...
Itochu Corp on Thursday entered into a $1 billion tie-up with Thai billionaire Dhanin Chearavanont's Charoen Pokphand Group, targeting rising demand for meat and livestock products in China and elsewhere in Asia. Japan's third-largest trading house is cementing ties with a company that has large ...
Ex-Itochu accountant embezzled ¥600 million from N.Z. affiliate: police
A former employee of major trading house Itochu Corp. was arrested Sunday on suspicion of embezzling approximately ¥600 million from an affiliate in New Zealand, police said. Hajime Nishiguchi, 32, from the city of Moriguchi, Osaka Prefecture, is believed to have spent the money on ...
