Renault's weaker outlook raises odds for deal on Nissan stake
Renault SA's growing litany of woes could nudge the French carmaker to reduce its stake in Nissan Motor Co., a step that would help ease their strained relations. The possibility of a shareholding deal with the Japanese company was driven home by analysts after a ...
SoftBank Group Corp. is assembling a rescue financing plan for WeWork that may value the office-sharing company below $8 billion, according to people familiar with the discussions. The new figure is a fraction of the $47 billion valuation the startup commanded as recently as January. ...
Cash loses cachet as 'king' trading strategy in Japan
Cash is king, unless you are in Japan. One successful trading strategy has recently lost its luster, thanks to the Bank of Japan's never-ending obsession with negative interest rates. When a global recession looms, investors tend to hug stocks that pay handsome dividends. Cash rewards ...
Japan to tighten foreign investment rules for national security
The government is preparing to tighten regulations on foreign investment in Japanese companies that do work in areas sensitive to national security, including space development and nuclear energy, government sources said Thursday. The government will revise the foreign-exchange law to require that foreign investors seek ...
Struggling auto parts maker Akebono Brake to close six plants globally
Embattled auto parts maker Akebono Brake Industry Co. said Wednesday that it will close six plants at home and abroad to rebuild its business. The plant closures are part of the company's turnaround program, which was accepted at a meeting of its creditors the same ...
Sony explains reasons for rejection of plan to spin off semiconductor business
Sony Corp. has clarified why it rejected a proposal by the U.S. hedge fund Third Point LLC that the electronics and entertainment giant spin off its semiconductor business. In June, Third Point announced a $1.5 billion investment in Sony and called on it to split ...
Japan Inc. sitting on ¥506.4 trillion mountain of cash
In banks across Japan sits a pile of money that's bigger than most countries' gross domestic product — the cash reserves of the nation's companies. For some it's a testament to their strength, but to many it's a wasted opportunity. Firms listed in Japan held ...
Japan considers tighter rules for reporting corporate ownership stakes as China concerns grow
Japan is considering lowering the 10 percent ownership threshold at which foreigners are required to report stakes in domestic companies, two officials said, as Tokyo looks to better monitor Chinese investment in areas related to security. Such a move would follow similar steps taken by ...
The government has effectively become the top shareholder of Shinsei Bank Ltd., with a stake of about 19 percent in terms of voting rights, replacing U.S. investment fund J.C. Flowers & Co. The fund has completed procedures to sell its stake in the major financial ...
In escalating clash, independent directors at Askul slam shareholder Yahoo Japan over vote
Independent directors of Askul Corp. criticized the company's biggest shareholder, Yahoo Japan Corp., for voting against their reappointment, escalating the public dispute before key meetings this week. The negative vote "trampled upon" corporate governance at Askul and makes it "almost impossible for independent directors to ...
Yahoo Japan and Plus exercise their shareholder rights to oust Askul CEO
Yahoo Japan Corp. and Plus Corp. said Wednesday they have exercised their shareholder rights to oust four board members of stationery seller Askul Corp., including President and CEO Shoichiro Iwata. Askul shareholders are scheduled to meet Aug. 2. The moves by Yahoo and Plus, a ...
