Companies

Sharp to buy back Osaka building from NTT group

OSAKA -- Sharp will buy back a building in Osaka that it had unloaded to a Nippon Telegraph and Telephone group company in March, the Japanese electronics manufacturer said Wednesday.The Tanabe Building sits across the street from Sharp's former head...

  • Indonesia's Go-Jek acquires Indian tech start-up

    MUMBAI (NewsRise) -- Indonesia's ride-hailing service Go-Jek has agreed to buy Indian startup Pianta for an undisclosed amount to spruce up its engineering team, as companies rush to acquire information technology talent from the south Asian country....

  • Anil Ambani says Reliance Communications `virtually' merged with Jio

    MUMBAI (NewsRise) -- Indian billionaire Anil Ambani said his mobile phone company Reliance Communications has "virtually merged" with older brother Mukesh's newly launched Reliance Jio, signaling increased cooperation between the siblings amid an int...

  • Sime Darby cuts property stake sale price on weak sector outlook

    KUALA LUMPUR (NewsRise) - Sime Darby, the world's largest palm oil planter by acreage, has cut the price at which it will sell part of its stake held in property developer Eastern & Oriental to 323.3 million ringgit ($78.12 million) to better reflect...

  • Jakarta investigating Standard Chartered company for bribery

    JAKARTA -- Indonesian authorities are looking into bribery allegations against a local power company controlled by Standard Chartered that arise from a recent report in an ongoing U.S. probe.The Wall Street Journal (WSJ) reported on Tuesday that the ...

  • KAL pulls $300m deal on investor fears over Hanjin

    SEOUL -- Korean Air Lines said Wednesday that it failed to raise $300 million from a hybrid bond as overseas investors demanded higher returns on worries about the flag carrier's exposure to troubled affiliate Hanjin Shipping.Analysts said that KAL h...

  • Chip trader UKC expands electronics manufacturing in Vietnam

    TOKYO -- UKC Holdings, a large Japanese trading house specializing in semiconductor devices, plans to ramp operations up to full tilt at a new electronic manufacturing services plant in Vietnam by the end of 2017. UKC is spending about 1.5 billion ye...

  • Godzilla boosts profit at Toho

    TOKYO -- Japanese film distributor Toho raised its group earnings esitimate for the March-August period on Tuesday, as strong box-office sales for recent films, including "Shin Godzilla," contributed to higher-than-expected profit.The company's net p...

  • StanChart tells authorities about corruption allegations at Indonesian firm

    LONDON/WASHINGTON (Reuters) -- Standard Chartered has told "appropriate authorities" about alleged corruption at an Indonesian power plant company majority-owned by its private equity arm, the bank said on Tuesday.The statement came in response to an...

  • Plot thickens in Japan's gas station soap opera

    An oil wholesaler wants to merge with a rival. The company's founding family wants to foil the plan. Now comes a push from gas station owners.

  • SpaceX chief envisions 1,000 passenger ships flying to Mars

    CAPE CANAVERAL, Fla. (AP) -- On a personal quest to settle Mars, SpaceX founder Elon Musk envisions 1,000 passenger ships flying en masse to the red planet well within the next century, "Battlestar Galactica" style.Musk outlined his zealous plan Tues...

  • Isetan Mitsukoshi to set up mail-order food joint venture

    TOKYO -- Department store operator Isetan Mitsukoshi Holdings will establish a mail-order food sales joint venture with vegetable delivery specialist Oisix, hoping to turn around a money-losing existing business by borrowing know-how.Supermarket unit...

  • Sharp robot gives security teams high-tech helper

    OSAKA -- Japan's Sharp has developed an automated security robot suitable for patrolling large spaces such as factories.The unmanned vehicle travels pre-programmed routes with the help of GPS location data at around 5km per hour, dodging obstacles al...

  • Yamato bringing card-on-delivery option to Southeast Asia

    TOKYO -- Yamato Holdings will soon let package recipients in Southeast Asia pay for goods by credit card upon delivery -- an important step for payment infrastructure in markets where e-commerce is expected to boom.The Japanese logistics company has ...

  • Takata talks with automakers to pick turnaround partner

    TOKYO -- Embattled Japanese autoparts supplier Takata is discussing bids from potential financial backers with its automaker customers, aiming to choose a partner by year's end as the cost of an air-bag recall swells.The company explained the proposa...

  • Reliant on discounting, Hyundai remains stuck in neutral

    SEOUL -- Once a symbol of economic growth in South Korea, Hyundai Motor is now struggling to get out from under weak earnings, damaging worker strikes and a lackluster product lineup.

  • Singapore's Ginga to broker online petrochemical swaps

    TOKYO -- Singapore-based oil broker Ginga Petroleum is readying to start an online swap trading platform for petrochemical products, with an eye toward demand for the contracts as a hedge against price volatility.As early as October, Ginga will begin...

  • Interview

    Bayer crop science unit speeds IT revolution, sees ChemChina as longer-term player

    FRANKFURT, Germany -- Bayer's planned $66 billion takeover of U.S. seed giant Monsanto marks the latest wave in a sea change at the German company's agricultural subsidiary under CEO Liam Condon.Bayer CropScience, the world's second-largest agrochemi...

  • Singapore's Changi Airport looks to invest in foreign airports

    TOKYO -- Eyeing the increasing demand for aviation worldwide, Singapore's Changi Airport is looking to invest in airports in other countries, applying the extensive airport management knowhow it has gained from its operations in Singapore.Changi Airp...

  • Google offers more services, free Wi-Fi to expand in India

    MUMBAI (NewsRise) - Google on Tuesday launched a host of services for India, including Google Stations that allow users to access free Wi-Fi in designated areas, as the Internet search giant seeks to lure more people to its platform in the world's se...